KHYB vs. MSTY
KHYB (KraneShares Asia Pacific High Income Bond ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - KHYB is a Emerging Markets Bonds fund tracking the JP Morgan Asia Credit Index Non-Investment Grade Corporate Index., while MSTY is a Derivative Income fund actively managed by YieldMax. KHYB is passively managed, while MSTY is actively managed. Over the past year, KHYB returned 8.25% vs -68.40% for MSTY. Their 0.27 correlation means their historical movements had little consistent relationship. KHYB charges 0.69%/yr vs 0.99%/yr for MSTY.
Performance
KHYB vs. MSTY - Performance Comparison
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Returns By Period
In the year-to-date period, KHYB achieves a 3.58% return, which is significantly higher than MSTY's -33.29% return.
KHYB
- 1D
- 0.00%
- 1M
- 0.62%
- 6M
- 1.80%
- YTD
- 3.58%
- 1Y
- 8.25%
- 3Y*
- 9.30%
- 5Y*
- 0.87%
- 10Y*
- —
- ALL TIME*
- 1.67%
MSTY
- 1D
- -2.60%
- 1M
- -2.63%
- 6M
- -31.98%
- YTD
- -33.29%
- 1Y
- -68.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.74K | $65.31K | $87.15K | |
| $12.71M | $13.42M | $28.94M |
KHYB vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 3.58% | 9.59% | 7.11% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -33.29% | -42.71% | 212.16% |
Correlation
The correlation between KHYB and MSTY is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.27 |
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Return for Risk
KHYB vs. MSTY — Risk / Return Rank
KHYB
MSTY
KHYB vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KHYB | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.50 | ||
| Sortino ratioReturn per unit of downside risk | +5.85 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 0.77 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | -0.95 | +3.06 |
| Martin ratioReturn relative to average drawdown | 9.42 | -1.40 | +10.82 |
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Drawdowns
KHYB vs. MSTY - Drawdown Comparison
The maximum KHYB drawdown since its inception was -33.63%, smaller than the maximum MSTY drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for KHYB and MSTY.
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Drawdown Indicators
| KHYB | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -77.40% | +43.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -74.91% | +70.94% |
Max Drawdown (3Y)Largest decline over 3 years | -4.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.43% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -73.77% | +73.77% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -29.05% | +19.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 50.99% | -50.10% |
Volatility
KHYB vs. MSTY - Volatility Comparison
The current volatility for KraneShares Asia Pacific High Income Bond ETF (KHYB) is 0.82%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 14.46%. This indicates that KHYB experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KHYB | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 14.46% | -13.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 52.28% | -49.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 65.31% | -61.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 71.91% | -65.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 71.91% | -66.24% |
KHYB vs. MSTY - Expense Ratio Comparison
KHYB has a 0.69% expense ratio, which is lower than MSTY's 0.99% expense ratio.
Dividends
KHYB vs. MSTY - Dividend Comparison
KHYB's dividend yield for the trailing twelve months is around 8.38%, less than MSTY's 251.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 8.38% | 7.59% | 10.11% | 15.55% | 9.67% | 6.22% | 4.76% | 4.86% | 2.56% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 251.54% | 294.61% | 104.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KHYB and MSTY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (14.46%) compared to KHYB (0.82%). In terms of maximum drawdown, KHYB dropped -33.63% vs MSTY's -77.40%.
On 1-year performance, KHYB leads with 8.25% vs -68.40% for MSTY. On fees, KHYB is cheaper at 0.69% per year. On volatility, KHYB has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KHYB has performed better with a 8.25% return vs -68.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KHYB is cheaper with a 0.69% expense ratio, compared with 0.99% for MSTY.
MSTY has the higher dividend yield at 251.54%, compared with 8.38% for KHYB.
KHYB is categorized as Emerging Markets Bonds, while MSTY is Derivative Income. They also come from different issuers: KraneShares and YieldMax. Their fees differ too: 0.69% for KHYB and 0.99% for MSTY.
KHYB currently has the higher Sharpe Ratio (2.41 vs -1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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