KHYB vs. SRLN
Compare and contrast key facts about KraneShares Asia Pacific High Income Bond ETF (KHYB) and SPDR Blackstone Senior Loan ETF (SRLN).
KHYB and SRLN 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. SRLN is a passively managed fund by State Street that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Apr 3, 2013. Both KHYB and SRLN 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 SRLN.
Key characteristics
| KHYB | SRLN | |
|---|---|---|
| YTD Return | 12.48% | 7.52% |
| 1Y Return | 17.97% | 10.13% |
| 3Y Return (Ann) | 2.63% | 4.43% |
| 5Y Return (Ann) | -0.78% | 4.61% |
| Sharpe Ratio | 4.89 | 5.35 |
| Sortino Ratio | 7.61 | 8.21 |
| Omega Ratio | 2.25 | 2.56 |
| Calmar Ratio | 0.76 | 7.38 |
| Martin Ratio | 56.31 | 61.22 |
| Ulcer Index | 0.31% | 0.16% |
| Daily Std Dev | 3.62% | 1.89% |
| Max Drawdown | -33.01% | -22.29% |
| Current Drawdown | -9.33% | 0.00% |
Correlation
The correlation between KHYB and SRLN is 0.17, 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. SRLN - Performance Comparison
In the year-to-date period, KHYB achieves a 12.48% return, which is significantly higher than SRLN's 7.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
KHYB vs. SRLN - Expense Ratio Comparison
KHYB has a 0.69% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Risk-Adjusted Performance
KHYB vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and SPDR Blackstone Senior Loan ETF (SRLN). 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. SRLN - Dividend Comparison
KHYB's dividend yield for the trailing twelve months is around 15.36%, more than SRLN's 8.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 15.36% | 15.56% | 9.67% | 6.22% | 6.87% | 4.93% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN SPDR Blackstone Senior Loan ETF | 8.84% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
Drawdowns
KHYB vs. SRLN - Drawdown Comparison
The maximum KHYB drawdown since its inception was -33.01%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for KHYB and SRLN. For additional features, visit the drawdowns tool.
Volatility
KHYB vs. SRLN - Volatility Comparison
KraneShares Asia Pacific High Income Bond ETF (KHYB) and SPDR Blackstone Senior Loan ETF (SRLN) have volatilities of 0.56% and 0.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.