KPHO vs. KLXY

Last updated Jun 4, 2026

KPHO (KraneShares Dragon Capital Vietnam Growth Index ETF) and KLXY (Kraneshares Global Luxury Index ETF) are both exchange-traded funds - KPHO is a Emerging Markets Equities fund tracking the Dragon Capital Merqube Vietnam Growth Index, while KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net. Both are passively managed. At a 0.20 correlation, their price movements are largely independent. KPHO charges 1.03%/yr vs 0.69%/yr for KLXY.

Performance

KPHO vs. KLXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO) and Kraneshares Global Luxury Index ETF (KLXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KPHO

• 1D: -0.11%
• 1M: -2.98%
• YTD: -6.83%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KPHO vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF	-6.83%	9.78%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	0.22%

Correlation

The correlation between KPHO and KLXY is 0.20, 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	0.20

Return for Risk

KPHO vs. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO) and Kraneshares Global Luxury Index ETF (KLXY). 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	KLXY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	—	—

Drawdowns

Drawdown Indicators

	KPHO	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	—	—
Current Drawdown Current decline from peak	-11.98%	—	—
Average Drawdown Average peak-to-trough decline	-5.83%	—	—

Volatility

Volatility by Period

	KPHO	KLXY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	28.80%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.80%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.80%	—	—

KPHO vs. KLXY - Expense Ratio Comparison

KPHO has a 1.03% expense ratio, which is higher than KLXY's 0.69% expense ratio.

Dividends

KPHO vs. KLXY - Dividend Comparison

KPHO's dividend yield for the trailing twelve months is around 11.16%, more than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF	11.16%	10.40%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KPHO and KLXY in my portfolio?

KPHO and KLXY have a correlation of 0.20, 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 KLXY?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KPHO or KLXY?

KLXY is cheaper with a 0.69% expense ratio, compared with 1.03% for KPHO.

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

KPHO has the higher dividend yield at 11.16%, compared with 0.85% for KLXY.

What is the main difference between KPHO and KLXY?

KPHO is categorized as Emerging Markets Equities, while KLXY is Consumer Discretionary Equities. KPHO tracks Dragon Capital Merqube Vietnam Growth Index, while KLXY tracks Solactive Global Luxury Index - Benchmark TR Net. Their fees differ too: 1.03% for KPHO and 0.69% for KLXY.