KHYB vs. NEMD

Last updated Jun 4, 2026

KHYB (KraneShares Asia Pacific High Income Bond ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both Emerging Markets Bonds funds. KHYB is passively managed, while NEMD is actively managed. A 0.59 correlation means they provide meaningful diversification when combined. KHYB charges 0.69%/yr vs 0.60%/yr for NEMD.

Performance

KHYB vs. NEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Asia Pacific High Income Bond ETF (KHYB) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KHYB achieves a 2.50% return, which is significantly lower than NEMD's 3.76% return.

KHYB

• 1D: -0.04%
• 1M: 1.41%
• YTD: 2.50%
• 6M: 3.54%
• 1Y: 10.54%
• 3Y*: 9.02%
• 5Y*: 0.17%
• 10Y*: —

NEMD

• 1D: -0.39%
• 1M: 1.56%
• YTD: 3.76%
• 6M: 4.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KHYB vs. NEMD - Yearly Performance Comparison

	2026 (YTD)	2025
KHYB KraneShares Asia Pacific High Income Bond ETF	2.50%	4.10%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.76%	7.07%

Correlation

The correlation between KHYB and NEMD is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	0.59

KHYB vs. NEMD - Sectors Allocation Comparison

Sectors	KHYB	NEMD
Consumer Defensive	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

KHYB vs. NEMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KHYB

KHYB Risk / Return Rank: 79
KHYB Sharpe Ratio Rank: 90
KHYB Sortino Ratio Rank: 93
KHYB Omega Ratio Rank: 94
KHYB Calmar Ratio Rank: 54
KHYB Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KHYB vs. NEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). 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.

	KHYB	NEMD	Difference
Sharpe ratio: Return per unit of total volatility	3.11	—	—
Sortino ratio: Return per unit of downside risk	4.81	—	—
Omega ratio: Gain probability vs. loss probability	1.71	—	—
Calmar ratio: Return relative to maximum drawdown	2.67	—	—
Martin ratio: Return relative to average drawdown	11.98	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KHYB	NEMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	2.14	-1.86

Drawdowns

KHYB vs. NEMD - Drawdown Comparison

The maximum KHYB drawdown since its inception was -33.63%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for KHYB and NEMD.

Drawdown Indicators

	KHYB	NEMD	Difference
Max Drawdown Largest peak-to-trough decline	-33.63%	-4.43%	-29.20%
Max Drawdown (1Y) Largest decline over 1 year	-3.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.86%	—	—
Current Drawdown Current decline from peak	-0.62%	-0.39%	-0.23%
Average Drawdown Average peak-to-trough decline	-9.71%	-0.57%	-9.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	—	—

Volatility

Volatility by Period

	KHYB	NEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.40%	6.51%	-3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.32%	6.51%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.71%	6.51%	-0.80%

KHYB vs. NEMD - Expense Ratio Comparison

KHYB has a 0.69% expense ratio, which is higher than NEMD's 0.60% expense ratio.

Dividends

KHYB vs. NEMD - Dividend Comparison

KHYB's dividend yield for the trailing twelve months is around 8.13%, more than NEMD's 4.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KHYB KraneShares Asia Pacific High Income Bond ETF	8.13%	7.59%	10.11%	15.55%	9.67%	6.22%	4.76%	4.86%	2.56%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.73%	2.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KHYB and NEMD in my portfolio?

KHYB and NEMD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KHYB or NEMD?

On fees, NEMD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KHYB or NEMD?

NEMD is cheaper with a 0.60% expense ratio, compared with 0.69% for KHYB.

Which ETF pays a higher dividend yield, KHYB or NEMD?

KHYB has the higher dividend yield at 8.13%, compared with 4.73% for NEMD.

What is the main difference between KHYB and NEMD?

They also come from different issuers: KraneShares and Neuberger Berman. Their fees differ too: 0.69% for KHYB and 0.60% for NEMD.