KPHO vs. DVYE
KPHO (KraneShares Dragon Capital Vietnam Growth Index ETF) and DVYE (iShares Emerging Markets Dividend ETF) are both Emerging Markets Equities funds - KPHO tracks the Dragon Capital Merqube Vietnam Growth Index while DVYE tracks the Dow Jones Emerging Markets Select Dividend Index (Net). Both are passively managed. At a 0.41 correlation, their price movements are largely independent. KPHO charges 1.03%/yr vs 0.50%/yr for DVYE.
Performance
KPHO vs. DVYE - Performance Comparison
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Returns By Period
In the year-to-date period, KPHO achieves a -9.36% return, which is significantly lower than DVYE's 8.35% return.
KPHO
- 1D
- -0.10%
- 1M
- -4.59%
- 6M
- -12.57%
- YTD
- -9.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DVYE
- 1D
- -0.75%
- 1M
- -1.25%
- 6M
- 3.09%
- YTD
- 8.35%
- 1Y
- 20.63%
- 3Y*
- 19.37%
- 5Y*
- 5.36%
- 10Y*
- 6.59%
KPHO vs. DVYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | -9.36% | 9.46% |
DVYE iShares Emerging Markets Dividend ETF | 8.35% | 0.30% |
Correlation
The correlation between KPHO and DVYE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.41 |
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Return for Risk
KPHO vs. DVYE — Risk / Return Rank
KPHO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DVYE
KPHO vs. DVYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO) and iShares Emerging Markets Dividend ETF (DVYE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KPHO | DVYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.24 | — |
| Martin ratioReturn relative to average drawdown | — | 6.51 | — |
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Drawdowns
KPHO vs. DVYE - Drawdown Comparison
The maximum KPHO drawdown since its inception was -14.37%, smaller than the maximum DVYE drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for KPHO and DVYE.
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Drawdown Indicators
| KPHO | DVYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.37% | -47.42% | +33.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.26% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.89% | — |
Current DrawdownCurrent decline from peak | -14.37% | -5.90% | -8.47% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -15.30% | +8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.18% | — |
Volatility
KPHO vs. DVYE - Volatility Comparison
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Volatility by Period
| KPHO | DVYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.87% | 14.94% | +11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.87% | 17.13% | +9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.87% | 18.28% | +8.59% |
KPHO vs. DVYE - Expense Ratio Comparison
KPHO has a 1.03% expense ratio, which is higher than DVYE's 0.50% expense ratio.
Dividends
KPHO vs. DVYE - Dividend Comparison
KPHO's dividend yield for the trailing twelve months is around 11.47%, more than DVYE's 4.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 4.98% | 5.88% | 11.81% | 9.05% | 9.89% | 7.31% | 5.27% | 5.97% | 5.69% | 4.81% | 4.56% | 6.53% |
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | 11.47% | 10.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KPHO and DVYE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DVYE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DVYE is cheaper with a 0.50% expense ratio, compared with 1.03% for KPHO.
KPHO has the higher dividend yield at 11.47%, compared with 4.98% for DVYE.
KPHO tracks Dragon Capital Merqube Vietnam Growth Index, while DVYE tracks Dow Jones Emerging Markets Select Dividend Index (Net). They also come from different issuers: KraneShares and iShares. Their fees differ too: 1.03% for KPHO and 0.50% for DVYE.
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