KLXY vs. KHYB
Compare and contrast key facts about Kraneshares Global Luxury Index ETF (KLXY) and KraneShares Asia Pacific High Income Bond ETF (KHYB).
KLXY and KHYB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KLXY is a passively managed fund by KraneShares that tracks the performance of the Solactive Global Luxury Index - Benchmark TR Net. It was launched on Sep 6, 2023. 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. Both KLXY and KHYB 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: KLXY or KHYB.
Key characteristics
| KLXY | KHYB | |
|---|---|---|
| YTD Return | -8.79% | 9.06% |
| 1Y Return | -6.73% | 15.27% |
| Sharpe Ratio | -0.34 | 4.10 |
| Daily Std Dev | 17.50% | 3.80% |
| Max Drawdown | -17.43% | -33.01% |
| Current Drawdown | -15.66% | -12.10% |
Correlation
The correlation between KLXY and KHYB is 0.44, 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
KLXY vs. KHYB - Performance Comparison
In the year-to-date period, KLXY achieves a -8.79% return, which is significantly lower than KHYB's 9.06% 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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KLXY vs. KHYB - Expense Ratio Comparison
Both KLXY and KHYB have an expense ratio of 0.69%.
Risk-Adjusted Performance
KLXY vs. KHYB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kraneshares Global Luxury Index ETF (KLXY) and KraneShares Asia Pacific High Income Bond ETF (KHYB). 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
KLXY vs. KHYB - Dividend Comparison
KLXY's dividend yield for the trailing twelve months is around 0.16%, less than KHYB's 15.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
KLXY Kraneshares Global Luxury Index ETF | 0.16% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KHYB KraneShares Asia Pacific High Income Bond ETF | 15.33% | 15.56% | 9.67% | 6.22% | 6.87% | 4.93% | 2.56% |
Drawdowns
KLXY vs. KHYB - Drawdown Comparison
The maximum KLXY drawdown since its inception was -17.43%, smaller than the maximum KHYB drawdown of -33.01%. Use the drawdown chart below to compare losses from any high point for KLXY and KHYB. For additional features, visit the drawdowns tool.
Volatility
KLXY vs. KHYB - Volatility Comparison
Kraneshares Global Luxury Index ETF (KLXY) has a higher volatility of 4.54% compared to KraneShares Asia Pacific High Income Bond ETF (KHYB) at 1.28%. This indicates that KLXY's price experiences larger fluctuations and is considered to be riskier than KHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.