KPHO vs. EEMO
KPHO (KraneShares Dragon Capital Vietnam Growth Index ETF) and EEMO (Invesco S&P Emerging Markets Momentum ETF) are both exchange-traded funds - KPHO is a Emerging Markets Equities fund tracking the Dragon Capital Merqube Vietnam Growth Index, while EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap Index. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. KPHO charges 1.03%/yr vs 0.31%/yr for EEMO.
Performance
KPHO vs. EEMO - 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 EEMO's 18.93% return.
KPHO
- 1D
- -0.10%
- 1M
- -4.59%
- 6M
- -12.57%
- YTD
- -9.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEMO
- 1D
- -4.15%
- 1M
- -13.95%
- 6M
- 12.58%
- YTD
- 18.93%
- 1Y
- 23.55%
- 3Y*
- 15.80%
- 5Y*
- 4.09%
- 10Y*
- 6.73%
KPHO vs. EEMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | -9.36% | 9.46% |
EEMO Invesco S&P Emerging Markets Momentum ETF | 18.93% | 0.77% |
Correlation
The correlation between KPHO and EEMO is 0.31, 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 | 0.31 |
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Return for Risk
KPHO vs. EEMO — Risk / Return Rank
KPHO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EEMO
KPHO vs. EEMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO) and Invesco S&P Emerging Markets Momentum ETF (EEMO). 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 | EEMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.21 | — |
| Martin ratioReturn relative to average drawdown | — | 4.63 | — |
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Drawdowns
KPHO vs. EEMO - Drawdown Comparison
The maximum KPHO drawdown since its inception was -14.37%, smaller than the maximum EEMO drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for KPHO and EEMO.
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Drawdown Indicators
| KPHO | EEMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.37% | -48.47% | +34.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -19.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.57% | — |
Current DrawdownCurrent decline from peak | -14.37% | -19.53% | +5.16% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -20.08% | +13.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.10% | — |
Volatility
KPHO vs. EEMO - Volatility Comparison
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Volatility by Period
| KPHO | EEMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.87% | 33.33% | -6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.87% | 21.77% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.87% | 22.74% | +4.13% |
KPHO vs. EEMO - Expense Ratio Comparison
KPHO has a 1.03% expense ratio, which is higher than EEMO's 0.31% expense ratio.
Dividends
KPHO vs. EEMO - Dividend Comparison
KPHO's dividend yield for the trailing twelve months is around 11.47%, more than EEMO's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMO Invesco S&P Emerging Markets Momentum ETF | 1.91% | 2.31% | 2.57% | 3.65% | 3.82% | 1.51% | 1.53% | 2.13% | 13.10% | 5.13% | 1.55% | 2.92% |
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 EEMO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EEMO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EEMO is cheaper with a 0.31% expense ratio, compared with 1.03% for KPHO.
KPHO has the higher dividend yield at 11.47%, compared with 1.91% for EEMO.
KPHO is categorized as Emerging Markets Equities, while EEMO is Momentum. KPHO tracks Dragon Capital Merqube Vietnam Growth Index, while EEMO tracks S&P Momentum Emerging Plus LargeMidCap Index. They also come from different issuers: KraneShares and Invesco. Their fees differ too: 1.03% for KPHO and 0.31% for EEMO.
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