KPHO vs. SCHE
KPHO (KraneShares Dragon Capital Vietnam Growth Index ETF) and SCHE (Schwab Emerging Markets Equity ETF) are both Emerging Markets Equities funds - KPHO tracks the Dragon Capital Merqube Vietnam Growth Index while SCHE tracks the FTSE Emerging Index. Both are passively managed. Their 0.43 correlation means their historical movements had little consistent relationship. KPHO charges 1.03%/yr vs 0.11%/yr for SCHE.
Performance
KPHO vs. SCHE - Performance Comparison
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Returns By Period
In the year-to-date period, KPHO achieves a -13.58% return, which is significantly lower than SCHE's 10.15% return.
KPHO
- 1D
- -1.31%
- 1M
- -9.76%
- 6M
- -17.55%
- YTD
- -13.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SCHE
- 1D
- 0.87%
- 1M
- 0.50%
- 6M
- 4.90%
- YTD
- 10.15%
- 1Y
- 22.24%
- 3Y*
- 15.34%
- 5Y*
- 6.23%
- 10Y*
- 7.97%
- ALL TIME*
- 4.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.19K | $21.72K | $20.68K | |
| $121.98M | $115.93M | $116.46M |
KPHO vs. SCHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | -13.58% | 9.46% |
SCHE Schwab Emerging Markets Equity ETF | 10.15% | 0.90% |
Correlation
The correlation between KPHO and SCHE is 0.43, which is low. Their historical price movements had little consistent relationship.
| 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. SCHE — Risk / Return Rank
KPHO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SCHE
KPHO vs. SCHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO) and Schwab Emerging Markets Equity ETF (SCHE). 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 | SCHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.94 | — |
| Martin ratioReturn relative to average drawdown | — | 6.43 | — |
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Drawdowns
KPHO vs. SCHE - Drawdown Comparison
The maximum KPHO drawdown since its inception was -21.44%, smaller than the maximum SCHE drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for KPHO and SCHE.
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Drawdown Indicators
| KPHO | SCHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.44% | -36.20% | +14.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.29% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.20% | — |
Current DrawdownCurrent decline from peak | -18.36% | -3.13% | -15.23% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -12.51% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.40% | — |
Volatility
KPHO vs. SCHE - Volatility Comparison
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Volatility by Period
| KPHO | SCHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.46% | 17.99% | +9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.46% | 17.87% | +9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.46% | 19.44% | +8.02% |
KPHO vs. SCHE - Expense Ratio Comparison
KPHO has a 1.03% expense ratio, which is higher than SCHE's 0.11% expense ratio.
Dividends
KPHO vs. SCHE - Dividend Comparison
KPHO's dividend yield for the trailing twelve months is around 12.03%, more than SCHE's 2.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF | 12.03% | 10.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHE Schwab Emerging Markets Equity ETF | 2.64% | 2.88% | 3.03% | 3.83% | 2.88% | 2.86% | 2.09% | 3.27% | 2.64% | 2.31% | 2.27% | 2.50% |
Frequently Asked Questions
KPHO and SCHE 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, SCHE is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCHE is cheaper with a 0.11% expense ratio, compared with 1.03% for KPHO.
KPHO has the higher dividend yield at 12.03%, compared with 2.64% for SCHE.
KPHO tracks Dragon Capital Merqube Vietnam Growth Index, while SCHE tracks FTSE Emerging Index. They also come from different issuers: KraneShares and Charles Schwab. Their fees differ too: 1.03% for KPHO and 0.11% for SCHE.
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