KPHO vs. GEME

Last updated Jun 5, 2026

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 0.46 correlation, their price movements are largely independent. KPHO charges 1.03%/yr vs 0.75%/yr for GEME.

Performance

KPHO vs. GEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KPHO achieves a -4.20% return, which is significantly lower than GEME's 37.12% return.

KPHO

• 1D: 2.83%
• 1M: -1.43%
• YTD: -4.20%
• 6M: 5.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEME

• 1D: -1.01%
• 1M: 7.83%
• YTD: 37.12%
• 6M: 43.45%
• 1Y: 78.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KPHO vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF	-4.20%	9.78%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	37.12%	4.62%

Correlation

The correlation between KPHO and GEME is 0.46, 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 5, 2025	0.46

Return for Risk

KPHO vs. GEME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GEME

GEME Risk / Return Rank: 93
GEME Sharpe Ratio Rank: 95
GEME Sortino Ratio Rank: 92
GEME Omega Ratio Rank: 93
GEME Calmar Ratio Rank: 91
GEME Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KPHO	GEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	2.59	-2.22

Drawdowns

KPHO vs. GEME - Drawdown Comparison

The maximum KPHO drawdown since its inception was -14.34%, 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.

Drawdown Indicators

	KPHO	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-16.86%	+2.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.46%	—
Current Drawdown Current decline from peak	-9.49%	-2.23%	-7.26%
Average Drawdown Average peak-to-trough decline	-5.86%	-2.30%	-3.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.44%	—

Volatility

Volatility by Period

	KPHO	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.96%	21.26%	+7.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.96%	22.94%	+6.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.96%	22.94%	+6.02%

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 10.85%, more than GEME's 5.11% yield.

Position	TTM	2025
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.11%	7.01%
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF	10.85%	10.40%

Frequently Asked Questions

Can I hold both KPHO and GEME in my portfolio?

KPHO and GEME have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KPHO or GEME?

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.

Which ETF is cheaper, KPHO or GEME?

GEME is cheaper with a 0.75% expense ratio, compared with 1.03% for KPHO.

Which ETF pays a higher dividend yield, KPHO or GEME?

KPHO has the higher dividend yield at 10.85%, compared with 5.11% for GEME.

What is the main difference between KPHO and GEME?

They also come from different issuers: KraneShares and Pacific AM. Their fees differ too: 1.03% for KPHO and 0.75% for GEME.