KPHO vs. QAT
KPHO (KraneShares Dragon Capital Vietnam Growth Index ETF) and QAT (iShares MSCI Qatar ETF) are both Emerging Markets Equities funds - KPHO tracks the Dragon Capital Merqube Vietnam Growth Index while QAT tracks the MSCI All Qatar Capped Index. Both are passively managed. At a 0.29 correlation, their price movements are largely independent. KPHO charges 1.03%/yr vs 0.59%/yr for QAT.
Performance
KPHO vs. QAT - Performance Comparison
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Returns By Period
In the year-to-date period, KPHO achieves a -6.02% return, which is significantly lower than QAT's 0.13% return.
KPHO
- 1D
- -0.54%
- 1M
- -1.23%
- YTD
- -6.02%
- 6M
- 5.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QAT
- 1D
- -0.87%
- 1M
- 1.19%
- YTD
- 0.13%
- 6M
- -0.62%
- 1Y
- 4.49%
- 3Y*
- 5.53%
- 5Y*
- 3.47%
- 10Y*
- 4.34%
KPHO vs. QAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | -6.02% | 9.46% |
QAT iShares MSCI Qatar ETF | 0.13% | 0.61% |
Correlation
The correlation between KPHO and QAT is 0.29, 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 | 0.29 |
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Return for Risk
KPHO vs. QAT — Risk / Return Rank
KPHO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QAT
KPHO vs. QAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO) and iShares MSCI Qatar ETF (QAT). 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 | QAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.07 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.43 | — |
| Martin ratioReturn relative to average drawdown | — | 0.78 | — |
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Drawdowns
KPHO vs. QAT - Drawdown Comparison
The maximum KPHO drawdown since its inception was -14.34%, smaller than the maximum QAT drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for KPHO and QAT.
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Drawdown Indicators
| KPHO | QAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.34% | -45.21% | +30.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.60% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.04% | — |
Current DrawdownCurrent decline from peak | -11.21% | -12.32% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -19.14% | +12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.77% | — |
Volatility
KPHO vs. QAT - Volatility Comparison
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Volatility by Period
| KPHO | QAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.87% | 13.22% | +14.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.87% | 15.06% | +12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.87% | 17.54% | +10.33% |
KPHO vs. QAT - Expense Ratio Comparison
KPHO has a 1.03% expense ratio, which is higher than QAT's 0.59% expense ratio.
Dividends
KPHO vs. QAT - Dividend Comparison
KPHO's dividend yield for the trailing twelve months is around 11.06%, more than QAT's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | 11.06% | 10.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QAT iShares MSCI Qatar ETF | 4.67% | 3.51% | 5.90% | 3.92% | 4.78% | 2.33% | 2.63% | 3.57% | 4.63% | 4.10% | 3.51% | 4.49% |
Frequently Asked Questions
KPHO and QAT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QAT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QAT is cheaper with a 0.59% expense ratio, compared with 1.03% for KPHO.
KPHO has the higher dividend yield at 11.06%, compared with 4.67% for QAT.
KPHO tracks Dragon Capital Merqube Vietnam Growth Index, while QAT tracks MSCI All Qatar Capped Index. They also come from different issuers: KraneShares and iShares. Their fees differ too: 1.03% for KPHO and 0.59% for QAT.
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