KPRO vs. KHYB
Compare and contrast key facts about KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) and KraneShares Asia Pacific High Income Bond ETF (KHYB).
KPRO and KHYB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KPRO is an actively managed fund by KraneShares. It was launched on Feb 7, 2024. KHYB is a passively managed fund by KraneShares that tracks the performance of the JP Morgan Asia Credit Index Non-Investment Grade Corporate Index.. It was launched on Jun 26, 2018.
Performance
KPRO vs. KHYB - Performance Comparison
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KPRO vs. KHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | -3.74% | 7.79% | 12.68% |
KHYB KraneShares Asia Pacific High Income Bond ETF | -0.41% | 9.59% | 8.10% |
Returns By Period
In the year-to-date period, KPRO achieves a -3.74% return, which is significantly lower than KHYB's -0.41% return.
KPRO
- 1D
- -0.23%
- 1M
- -2.27%
- YTD
- -3.74%
- 6M
- -10.40%
- 1Y
- -0.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KHYB
- 1D
- 0.42%
- 1M
- -2.32%
- YTD
- -0.41%
- 6M
- 0.91%
- 1Y
- 7.21%
- 3Y*
- 7.25%
- 5Y*
- -0.32%
- 10Y*
- —
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KPRO vs. KHYB - Expense Ratio Comparison
KPRO has a 0.95% expense ratio, which is higher than KHYB's 0.69% expense ratio.
Return for Risk
KPRO vs. KHYB — Risk / Return Rank
KPRO
KHYB
KPRO vs. KHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) and KraneShares Asia Pacific High Income Bond ETF (KHYB). 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.
| KPRO | KHYB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.09 | 1.53 | -1.62 |
Sortino ratioReturn per unit of downside risk | -0.05 | 2.08 | -2.13 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.36 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.62 | -1.67 |
Martin ratioReturn relative to average drawdown | -0.13 | 6.76 | -6.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KPRO | KHYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.53 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.22 | +0.76 |
Correlation
The correlation between KPRO and KHYB is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
KPRO vs. KHYB - Dividend Comparison
KPRO's dividend yield for the trailing twelve months is around 2.75%, less than KHYB's 8.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | 2.75% | 2.65% | 3.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KHYB KraneShares Asia Pacific High Income Bond ETF | 8.01% | 7.59% | 10.11% | 15.55% | 9.67% | 6.22% | 4.76% | 4.86% | 2.56% |
Drawdowns
KPRO vs. KHYB - Drawdown Comparison
The maximum KPRO drawdown since its inception was -11.01%, smaller than the maximum KHYB drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for KPRO and KHYB.
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Drawdown Indicators
| KPRO | KHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.01% | -33.63% | +22.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -4.29% | -6.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.01% | — |
Current DrawdownCurrent decline from peak | -10.64% | -3.43% | -7.21% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -9.89% | +8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 1.05% | +3.10% |
Volatility
KPRO vs. KHYB - Volatility Comparison
KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) and KraneShares Asia Pacific High Income Bond ETF (KHYB) have volatilities of 2.18% and 2.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KPRO | KHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 2.25% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 2.74% | +5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.52% | 4.73% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.84% | 6.30% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 5.74% | +2.10% |