KHYB vs. RTAI
Compare and contrast key facts about KraneShares Asia Pacific High Income Bond ETF (KHYB) and Rareview Tax Advantaged Income ETF (RTAI).
KHYB and RTAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KHYB is a passively managed fund by KraneShares that tracks the performance of the JP Morgan Asia Credit Index Non-Investment Grade Corporate Index.. It was launched on Jun 26, 2018. RTAI is an actively managed fund by Rareview Funds. It was launched on Oct 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KHYB or RTAI.
Key characteristics
| KHYB | RTAI | |
|---|---|---|
| YTD Return | 12.23% | 10.04% |
| 1Y Return | 17.78% | 22.36% |
| 3Y Return (Ann) | 1.17% | -3.90% |
| Sharpe Ratio | 4.90 | 2.79 |
| Sortino Ratio | 7.62 | 4.18 |
| Omega Ratio | 2.25 | 1.53 |
| Calmar Ratio | 0.76 | 0.82 |
| Martin Ratio | 56.35 | 15.12 |
| Ulcer Index | 0.31% | 1.54% |
| Daily Std Dev | 3.62% | 8.35% |
| Max Drawdown | -33.01% | -34.32% |
| Current Drawdown | -9.53% | -12.30% |
Correlation
The correlation between KHYB and RTAI is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KHYB vs. RTAI - Performance Comparison
In the year-to-date period, KHYB achieves a 12.23% return, which is significantly higher than RTAI's 10.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KHYB vs. RTAI - Expense Ratio Comparison
KHYB has a 0.69% expense ratio, which is lower than RTAI's 3.78% expense ratio.
Risk-Adjusted Performance
KHYB vs. RTAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and Rareview Tax Advantaged Income ETF (RTAI). 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.
Dividends
KHYB vs. RTAI - Dividend Comparison
KHYB's dividend yield for the trailing twelve months is around 15.39%, more than RTAI's 4.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 15.39% | 15.56% | 9.67% | 6.22% | 6.87% | 4.93% | 2.56% |
RTAI Rareview Tax Advantaged Income ETF | 4.64% | 3.06% | 3.71% | 4.73% | 0.47% | 0.00% | 0.00% |
Drawdowns
KHYB vs. RTAI - Drawdown Comparison
The maximum KHYB drawdown since its inception was -33.01%, roughly equal to the maximum RTAI drawdown of -34.32%. Use the drawdown chart below to compare losses from any high point for KHYB and RTAI. For additional features, visit the drawdowns tool.
Volatility
KHYB vs. RTAI - Volatility Comparison
The current volatility for KraneShares Asia Pacific High Income Bond ETF (KHYB) is 0.61%, while Rareview Tax Advantaged Income ETF (RTAI) has a volatility of 2.94%. This indicates that KHYB experiences smaller price fluctuations and is considered to be less risky than RTAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.