KPHO vs. KPRO
KPHO (KraneShares Dragon Capital Vietnam Growth Index ETF) and KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) are both exchange-traded funds - KPHO is a Emerging Markets Equities fund tracking the Dragon Capital Merqube Vietnam Growth Index, while KPRO is a Options Trading fund actively managed by KraneShares. KPHO is passively managed, while KPRO is actively managed. At a 0.25 correlation, their price movements are largely independent. KPHO charges 1.03%/yr vs 0.95%/yr for KPRO.
Performance
KPHO vs. KPRO - Performance Comparison
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Returns By Period
In the year-to-date period, KPHO achieves a -5.51% return, which is significantly higher than KPRO's -6.26% return.
KPHO
- 1D
- 0.28%
- 1M
- -0.70%
- YTD
- -5.51%
- 6M
- 6.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KPRO
- 1D
- -0.07%
- 1M
- -1.30%
- YTD
- -6.26%
- 6M
- -11.97%
- 1Y
- -5.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KPHO vs. KPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | -5.51% | 9.46% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | -6.26% | -4.56% |
Correlation
The correlation between KPHO and KPRO is 0.25, 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 | 0.25 |
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Return for Risk
KPHO vs. KPRO — Risk / Return Rank
KPHO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KPRO
KPHO vs. KPRO - 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 100% KWEB Defined Outcome January 2026 ETF (KPRO). 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 | KPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.89 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.40 | — |
| Martin ratioReturn relative to average drawdown | — | -0.77 | — |
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Drawdowns
KPHO vs. KPRO - Drawdown Comparison
The maximum KPHO drawdown since its inception was -14.34%, which is greater than KPRO's maximum drawdown of -12.98%. Use the drawdown chart below to compare losses from any high point for KPHO and KPRO.
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Drawdown Indicators
| KPHO | KPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.34% | -12.98% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.98% | — |
Current DrawdownCurrent decline from peak | -10.73% | -12.98% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -2.63% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.68% | — |
Volatility
KPHO vs. KPRO - Volatility Comparison
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Volatility by Period
| KPHO | KPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.96% | 8.83% | +19.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.96% | 7.77% | +20.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.96% | 7.77% | +20.19% |
KPHO vs. KPRO - Expense Ratio Comparison
KPHO has a 1.03% expense ratio, which is higher than KPRO's 0.95% expense ratio.
Dividends
KPHO vs. KPRO - Dividend Comparison
KPHO's dividend yield for the trailing twelve months is around 11.00%, more than KPRO's 2.83% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | 11.00% | 10.40% | 0.00% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | 2.83% | 2.65% | 3.70% |
Frequently Asked Questions
KPHO and KPRO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KPRO is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KPRO is cheaper with a 0.95% expense ratio, compared with 1.03% for KPHO.
KPHO has the higher dividend yield at 11.00%, compared with 2.83% for KPRO.
KPHO is categorized as Emerging Markets Equities, while KPRO is Options Trading. Their fees differ too: 1.03% for KPHO and 0.95% for KPRO.
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