KPHO vs. JPEM
KPHO (KraneShares Dragon Capital Vietnam Growth Index ETF) and JPEM (J.P. Morgan Diversified Return Emerging Markets Equity ETF) are both Emerging Markets Equities funds - KPHO tracks the Dragon Capital Merqube Vietnam Growth Index while JPEM tracks the JPMorgan Diversified Factor Emerging Markets Equity Index. Both are passively managed. At a 0.43 correlation, their price movements are largely independent. KPHO charges 1.03%/yr vs 0.44%/yr for JPEM.
Performance
KPHO vs. JPEM - 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 JPEM's 6.18% return.
KPHO
- 1D
- -0.10%
- 1M
- -4.59%
- 6M
- -12.57%
- YTD
- -9.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPEM
- 1D
- -0.37%
- 1M
- -1.90%
- 6M
- 2.09%
- YTD
- 6.18%
- 1Y
- 17.33%
- 3Y*
- 12.01%
- 5Y*
- 6.57%
- 10Y*
- 6.92%
KPHO vs. JPEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | -9.36% | 9.46% |
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF | 6.18% | 1.47% |
Correlation
The correlation between KPHO and JPEM is 0.43, 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 | 0.43 |
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Return for Risk
KPHO vs. JPEM — Risk / Return Rank
KPHO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JPEM
KPHO vs. JPEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO) and J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM). 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 | JPEM | 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 | — | 1.69 | — |
| Martin ratioReturn relative to average drawdown | — | 5.59 | — |
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Drawdowns
KPHO vs. JPEM - Drawdown Comparison
The maximum KPHO drawdown since its inception was -14.37%, smaller than the maximum JPEM drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for KPHO and JPEM.
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Drawdown Indicators
| KPHO | JPEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.37% | -40.22% | +25.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.32% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.22% | — |
Current DrawdownCurrent decline from peak | -14.37% | -4.00% | -10.37% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -9.41% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.10% | — |
Volatility
KPHO vs. JPEM - Volatility Comparison
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Volatility by Period
| KPHO | JPEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.87% | 13.65% | +13.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.87% | 13.60% | +13.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.87% | 16.91% | +9.96% |
KPHO vs. JPEM - Expense Ratio Comparison
KPHO has a 1.03% expense ratio, which is higher than JPEM's 0.44% expense ratio.
Dividends
KPHO vs. JPEM - Dividend Comparison
KPHO's dividend yield for the trailing twelve months is around 11.47%, more than JPEM's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF | 4.37% | 4.65% | 5.12% | 4.46% | 4.71% | 4.40% | 2.85% | 3.47% | 2.79% | 2.14% | 1.28% | 3.22% |
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 JPEM have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPEM is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPEM is cheaper with a 0.44% expense ratio, compared with 1.03% for KPHO.
KPHO has the higher dividend yield at 11.47%, compared with 4.37% for JPEM.
KPHO tracks Dragon Capital Merqube Vietnam Growth Index, while JPEM tracks JPMorgan Diversified Factor Emerging Markets Equity Index. They also come from different issuers: KraneShares and JPMorgan. Their fees differ too: 1.03% for KPHO and 0.44% for JPEM.
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