KHYB vs. SGOV
Compare and contrast key facts about KraneShares Asia Pacific High Income Bond ETF (KHYB) and iShares 0-3 Month Treasury Bond ETF (SGOV).
KHYB and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both KHYB and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KHYB or SGOV.
Key characteristics
| KHYB | SGOV | |
|---|---|---|
| YTD Return | 9.25% | 3.85% |
| 1Y Return | 15.57% | 5.45% |
| 3Y Return (Ann) | -3.06% | 3.52% |
| Sharpe Ratio | 4.10 | 22.31 |
| Daily Std Dev | 3.80% | 0.24% |
| Max Drawdown | -33.01% | -0.03% |
| Current Drawdown | -11.94% | 0.00% |
Correlation
The correlation between KHYB and SGOV is 0.05, 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. SGOV - Performance Comparison
In the year-to-date period, KHYB achieves a 9.25% return, which is significantly higher than SGOV's 3.85% 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. SGOV - Expense Ratio Comparison
KHYB has a 0.69% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
KHYB vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
KHYB's dividend yield for the trailing twelve months is around 15.31%, more than SGOV's 5.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 15.31% | 15.56% | 9.67% | 6.22% | 6.87% | 4.93% | 2.56% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.23% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% |
Drawdowns
KHYB vs. SGOV - Drawdown Comparison
The maximum KHYB drawdown since its inception was -33.01%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for KHYB and SGOV. For additional features, visit the drawdowns tool.
Volatility
KHYB vs. SGOV - Volatility Comparison
KraneShares Asia Pacific High Income Bond ETF (KHYB) has a higher volatility of 1.26% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that KHYB's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.