KHYB vs. VOO
Compare and contrast key facts about KraneShares Asia Pacific High Income Bond ETF (KHYB) and Vanguard S&P 500 ETF (VOO).
KHYB and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both KHYB and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KHYB vs. VOO - Performance Comparison
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KHYB vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | -0.41% | 9.59% | 10.79% | 3.50% | -10.15% | -12.32% | 2.00% | 8.87% | 0.45% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -6.74% |
Returns By Period
In the year-to-date period, KHYB achieves a -0.41% return, which is significantly higher than VOO's -3.66% return.
KHYB
- 1D
- 0.42%
- 1M
- -2.32%
- YTD
- -0.41%
- 6M
- 0.91%
- 1Y
- 7.21%
- 3Y*
- 7.25%
- 5Y*
- -0.32%
- 10Y*
- —
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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KHYB vs. VOO - Expense Ratio Comparison
KHYB has a 0.69% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
KHYB vs. VOO — Risk / Return Rank
KHYB
VOO
KHYB vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 1.01 | +0.53 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.53 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.55 | +0.07 |
Martin ratioReturn relative to average drawdown | 6.76 | 7.31 | -0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KHYB | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.01 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.71 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.83 | -0.62 |
Correlation
The correlation between KHYB and VOO is 0.23, 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.
Dividends
KHYB vs. VOO - Dividend Comparison
KHYB's dividend yield for the trailing twelve months is around 8.01%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 8.01% | 7.59% | 10.11% | 15.55% | 9.67% | 6.22% | 4.76% | 4.86% | 2.56% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
KHYB vs. VOO - Drawdown Comparison
The maximum KHYB drawdown since its inception was -33.63%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for KHYB and VOO.
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Drawdown Indicators
| KHYB | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.99% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -11.98% | +7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -33.01% | -24.52% | -8.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -3.43% | -5.55% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -3.72% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.55% | -1.50% |
Volatility
KHYB vs. VOO - Volatility Comparison
The current volatility for KraneShares Asia Pacific High Income Bond ETF (KHYB) is 2.25%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.34%. This indicates that KHYB experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KHYB | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 5.34% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 9.47% | -6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 18.11% | -13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 16.82% | -10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 17.99% | -12.25% |