KPHO vs. GEME
KPHO (KraneShares Dragon Capital Vietnam Growth Index ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. KPHO is passively managed, while GEME is actively managed. At a 0.40 correlation, their price movements are largely independent. KPHO charges 1.03%/yr vs 0.75%/yr for GEME.
Performance
KPHO vs. GEME - 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 GEME's 28.13% return.
KPHO
- 1D
- -0.10%
- 1M
- -4.59%
- 6M
- -12.57%
- YTD
- -9.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEME
- 1D
- -2.42%
- 1M
- -6.15%
- 6M
- 20.95%
- YTD
- 28.13%
- 1Y
- 55.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KPHO vs. GEME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | -9.36% | 9.46% |
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 28.13% | 4.60% |
Correlation
The correlation between KPHO and GEME is 0.40, 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 | 0.40 |
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Return for Risk
KPHO vs. GEME — Risk / Return Rank
KPHO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GEME
KPHO vs. GEME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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 | GEME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.15 | — |
| Martin ratioReturn relative to average drawdown | — | 14.06 | — |
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Drawdowns
KPHO vs. GEME - Drawdown Comparison
The maximum KPHO drawdown since its inception was -14.37%, smaller than the maximum GEME drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for KPHO and GEME.
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Drawdown Indicators
| KPHO | GEME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.37% | -16.86% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.46% | — |
Current DrawdownCurrent decline from peak | -14.37% | -8.64% | -5.73% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -2.54% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.96% | — |
Volatility
KPHO vs. GEME - Volatility Comparison
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Volatility by Period
| KPHO | GEME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.87% | 23.68% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.87% | 24.06% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.87% | 24.06% | +2.81% |
KPHO vs. GEME - Expense Ratio Comparison
KPHO has a 1.03% expense ratio, which is higher than GEME's 0.75% expense ratio.
Dividends
KPHO vs. GEME - Dividend Comparison
KPHO's dividend yield for the trailing twelve months is around 11.47%, more than GEME's 5.47% yield.
| Position | TTM | 2025 |
|---|---|---|
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 5.47% | 7.01% |
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | 11.47% | 10.40% |
Frequently Asked Questions
KPHO and GEME have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GEME is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEME is cheaper with a 0.75% expense ratio, compared with 1.03% for KPHO.
KPHO has the higher dividend yield at 11.47%, compared with 5.47% for GEME.
They also come from different issuers: KraneShares and Pacific AM. Their fees differ too: 1.03% for KPHO and 0.75% for GEME.
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