KPHO vs. EMXC
KPHO (KraneShares Dragon Capital Vietnam Growth Index ETF) and EMXC (iShares MSCI Emerging Markets ex China ETF) are both Emerging Markets Equities funds - KPHO tracks the Dragon Capital Merqube Vietnam Growth Index while EMXC tracks the MSCI Emerging Markets ex China Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. KPHO charges 1.03%/yr vs 0.49%/yr for EMXC.
Performance
KPHO vs. EMXC - Performance Comparison
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Returns By Period
In the year-to-date period, KPHO achieves a -6.02% return, which is significantly lower than EMXC's 38.31% return.
KPHO
- 1D
- -0.54%
- 1M
- -1.23%
- YTD
- -6.02%
- 6M
- 5.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMXC
- 1D
- 0.30%
- 1M
- 5.15%
- YTD
- 38.31%
- 6M
- 39.71%
- 1Y
- 64.42%
- 3Y*
- 27.78%
- 5Y*
- 12.45%
- 10Y*
- —
KPHO vs. EMXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | -6.02% | 9.46% |
EMXC iShares MSCI Emerging Markets ex China ETF | 38.31% | 3.69% |
Correlation
The correlation between KPHO and EMXC is 0.48, 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 | 0.48 |
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Return for Risk
KPHO vs. EMXC — Risk / Return Rank
KPHO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMXC
KPHO vs. EMXC - 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 MSCI Emerging Markets ex China ETF (EMXC). 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 | EMXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.48 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.49 | — |
| Martin ratioReturn relative to average drawdown | — | 17.10 | — |
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Drawdowns
KPHO vs. EMXC - Drawdown Comparison
The maximum KPHO drawdown since its inception was -14.34%, smaller than the maximum EMXC drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for KPHO and EMXC.
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Drawdown Indicators
| KPHO | EMXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.34% | -42.81% | +28.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.41% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.91% | — |
Current DrawdownCurrent decline from peak | -11.21% | -6.16% | -5.05% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -10.15% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.78% | — |
Volatility
KPHO vs. EMXC - Volatility Comparison
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Volatility by Period
| KPHO | EMXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.87% | 25.26% | +2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.87% | 18.40% | +9.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.87% | 20.24% | +7.63% |
KPHO vs. EMXC - Expense Ratio Comparison
KPHO has a 1.03% expense ratio, which is higher than EMXC's 0.49% expense ratio.
Dividends
KPHO vs. EMXC - Dividend Comparison
KPHO's dividend yield for the trailing twelve months is around 11.06%, more than EMXC's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 1.93% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% |
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | 11.06% | 10.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KPHO and EMXC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC is cheaper with a 0.49% expense ratio, compared with 1.03% for KPHO.
KPHO has the higher dividend yield at 11.06%, compared with 1.93% for EMXC.
KPHO tracks Dragon Capital Merqube Vietnam Growth Index, while EMXC tracks MSCI Emerging Markets ex China Index. They also come from different issuers: KraneShares and iShares. Their fees differ too: 1.03% for KPHO and 0.49% for EMXC.
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