KHYB vs. ULTY
Compare and contrast key facts about KraneShares Asia Pacific High Income Bond ETF (KHYB) and YieldMax Ultra Option Income Strategy ETF (ULTY).
KHYB and ULTY 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. ULTY is an actively managed fund by YieldMax. It was launched on Feb 28, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KHYB or ULTY.
Correlation
The correlation between KHYB and ULTY is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
KHYB vs. ULTY - Performance Comparison
Key characteristics
KHYB:
1.37
ULTY:
-0.01
KHYB:
1.78
ULTY:
0.20
KHYB:
1.32
ULTY:
1.02
KHYB:
0.41
ULTY:
-0.01
KHYB:
6.26
ULTY:
-0.04
KHYB:
1.12%
ULTY:
9.57%
KHYB:
5.12%
ULTY:
31.05%
KHYB:
-33.63%
ULTY:
-26.85%
KHYB:
-10.89%
ULTY:
-16.94%
Returns By Period
In the year-to-date period, KHYB achieves a 0.72% return, which is significantly higher than ULTY's -11.67% return.
KHYB
0.72%
-1.23%
-0.49%
7.40%
-0.44%
N/A
ULTY
-11.67%
-3.78%
-7.10%
-0.27%
N/A
N/A
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KHYB vs. ULTY - Expense Ratio Comparison
KHYB has a 0.69% expense ratio, which is lower than ULTY's 1.14% expense ratio.
Risk-Adjusted Performance
KHYB vs. ULTY — Risk-Adjusted Performance Rank
KHYB
ULTY
KHYB vs. ULTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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. ULTY - Dividend Comparison
KHYB's dividend yield for the trailing twelve months is around 10.33%, less than ULTY's 165.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 10.33% | 10.11% | 15.56% | 9.67% | 6.22% | 4.76% | 4.93% | 2.56% |
ULTY YieldMax Ultra Option Income Strategy ETF | 165.57% | 111.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KHYB vs. ULTY - Drawdown Comparison
The maximum KHYB drawdown since its inception was -33.63%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for KHYB and ULTY. For additional features, visit the drawdowns tool.
Volatility
KHYB vs. ULTY - Volatility Comparison
The current volatility for KraneShares Asia Pacific High Income Bond ETF (KHYB) is 3.56%, while YieldMax Ultra Option Income Strategy ETF (ULTY) has a volatility of 15.08%. This indicates that KHYB experiences smaller price fluctuations and is considered to be less risky than ULTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.