NEMD vs. KHYB
NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) and KHYB (KraneShares Asia Pacific High Income Bond ETF) are both Emerging Markets Bonds funds. NEMD is actively managed, while KHYB is passively managed. Their 0.61 correlation means they have sometimes moved together and sometimes differently. NEMD charges 0.60%/yr vs 0.69%/yr for KHYB.
Performance
NEMD vs. KHYB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NEMD having a 3.47% return and KHYB slightly higher at 3.58%.
NEMD
- 1D
- 0.08%
- 1M
- -1.04%
- 6M
- 1.88%
- YTD
- 3.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
KHYB
- 1D
- 0.00%
- 1M
- 0.62%
- 6M
- 1.80%
- YTD
- 3.58%
- 1Y
- 8.25%
- 3Y*
- 9.30%
- 5Y*
- 0.87%
- 10Y*
- —
- ALL TIME*
- 1.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.74K | $65.31K | $87.15K | |
| $328.32K | $489.11K | $564.01K |
NEMD vs. KHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 3.47% | 7.10% |
KHYB KraneShares Asia Pacific High Income Bond ETF | 3.58% | 4.06% |
Correlation
The correlation between NEMD and KHYB is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025 | 0.61 |
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Return for Risk
NEMD vs. KHYB — Risk / Return Rank
NEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KHYB
NEMD vs. KHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) 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.
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.
| NEMD | KHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.53 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.11 | — |
| Martin ratioReturn relative to average drawdown | — | 9.42 | — |
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Drawdowns
NEMD vs. KHYB - Drawdown Comparison
The maximum NEMD drawdown since its inception was -4.43%, smaller than the maximum KHYB drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for NEMD and KHYB.
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Drawdown Indicators
| NEMD | KHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.43% | -33.63% | +29.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.97% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.43% | — |
Current DrawdownCurrent decline from peak | -1.35% | 0.00% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -9.52% | +8.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.89% | — |
Volatility
NEMD vs. KHYB - Volatility Comparison
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Volatility by Period
| NEMD | KHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.44% | 3.47% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 6.30% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 5.67% | +0.77% |
NEMD vs. KHYB - Expense Ratio Comparison
NEMD has a 0.60% expense ratio, which is lower than KHYB's 0.69% expense ratio.
Dividends
NEMD vs. KHYB - Dividend Comparison
NEMD's dividend yield for the trailing twelve months is around 5.81%, less than KHYB's 8.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 8.38% | 7.59% | 10.11% | 15.55% | 9.67% | 6.22% | 4.76% | 4.86% | 2.56% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 5.81% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NEMD and KHYB have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NEMD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NEMD is cheaper with a 0.60% expense ratio, compared with 0.69% for KHYB.
KHYB has the higher dividend yield at 8.38%, compared with 5.81% for NEMD.
They also come from different issuers: Neuberger Berman and KraneShares. Their fees differ too: 0.60% for NEMD and 0.69% for KHYB.
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