OBOR vs. VYMI

Last updated Jun 3, 2026

OBOR (KraneShares MSCI One Belt One Road Index ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - OBOR is a Emerging Markets Equities fund tracking the MSCI Global China Infrastructure Exposure, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Both are passively managed. Over the past 5 years, OBOR returned 1.31%/yr vs 12.36%/yr for VYMI. A 0.73 correlation means they provide meaningful diversification when combined. OBOR charges 0.79%/yr vs 0.07%/yr for VYMI.

Performance

OBOR vs. VYMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares MSCI One Belt One Road Index ETF (OBOR) and Vanguard International High Dividend Yield ETF (VYMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OBOR achieves a 4.26% return, which is significantly lower than VYMI's 12.44% return.

OBOR

• 1D: 1.15%
• 1M: -1.00%
• YTD: 4.26%
• 6M: 7.97%
• 1Y: 24.36%
• 3Y*: 12.00%
• 5Y*: 1.31%
• 10Y*: —

VYMI

• 1D: 0.76%
• 1M: 1.78%
• YTD: 12.44%
• 6M: 16.33%
• 1Y: 30.94%
• 3Y*: 22.29%
• 5Y*: 12.36%
• 10Y*: 10.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OBOR vs. VYMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OBOR KraneShares MSCI One Belt One Road Index ETF	4.26%	27.86%	8.55%	-7.91%	-21.96%	17.06%	13.47%	16.75%	-15.36%	1.74%
VYMI Vanguard International High Dividend Yield ETF	12.44%	38.05%	7.06%	17.07%	-7.02%	15.39%	-1.11%	18.43%	-12.65%	4.05%

Correlation

The correlation between OBOR and VYMI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 11, 2017	0.74

The correlation between OBOR and VYMI shifts across timeframes, from 0.60 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

OBOR vs. VYMI - Sectors Allocation Comparison

Sectors	OBOR	VYMI
Basic Materials	26.6%	6.8%
Industrials	25.1%	6.6%
Financial Services	23.1%	41.9%
Utilities	14.1%	5.6%
Energy	8.5%	9.5%
Consumer Cyclical	0.4%	6.5%
Healthcare	0.2%	6.6%
Communication Services	0.2%	4.0%
Consumer Defensive	-	7.0%
Real Estate	-	1.3%
Technology	-	4.3%

Return for Risk

OBOR vs. VYMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OBOR

OBOR Risk / Return Rank: 42
OBOR Sharpe Ratio Rank: 42
OBOR Sortino Ratio Rank: 40
OBOR Omega Ratio Rank: 43
OBOR Calmar Ratio Rank: 46
OBOR Martin Ratio Rank: 38

VYMI

VYMI Risk / Return Rank: 69
VYMI Sharpe Ratio Rank: 73
VYMI Sortino Ratio Rank: 71
VYMI Omega Ratio Rank: 72
VYMI Calmar Ratio Rank: 63
VYMI Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OBOR vs. VYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI One Belt One Road Index ETF (OBOR) and Vanguard International High Dividend Yield ETF (VYMI). 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.

	OBOR	VYMI	Difference
Sharpe ratio Return per unit of total volatility	1.52	2.41	-0.89
Sortino ratio Return per unit of downside risk	2.06	3.28	-1.22
Omega ratio Gain probability vs. loss probability	1.28	1.44	-0.16
Calmar ratio Return relative to maximum drawdown	2.33	3.17	-0.84
Martin ratio Return relative to average drawdown	5.96	12.51	-6.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OBOR vs. VYMI - Sharpe Ratio Comparison

The current OBOR Sharpe Ratio is 1.52, which is lower than the VYMI Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of OBOR and VYMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OBOR	VYMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	2.41	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.84	-0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.66	-0.45

Drawdowns

OBOR vs. VYMI - Drawdown Comparison

The maximum OBOR drawdown since its inception was -41.54%, roughly equal to the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for OBOR and VYMI.

Drawdown Indicators

	OBOR	VYMI	Difference
Max Drawdown Largest peak-to-trough decline	-41.54%	-40.00%	-1.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-10.14%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.06%	-12.84%	-5.22%
Max Drawdown (5Y) Largest decline over 5 years	-34.00%	-24.05%	-9.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.00%	—
Current Drawdown Current decline from peak	-8.01%	-0.40%	-7.61%
Average Drawdown Average peak-to-trough decline	-15.98%	-6.31%	-9.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	2.57%	+1.51%

Volatility

OBOR vs. VYMI - Volatility Comparison

KraneShares MSCI One Belt One Road Index ETF (OBOR) has a higher volatility of 6.43% compared to Vanguard International High Dividend Yield ETF (VYMI) at 4.12%. This indicates that OBOR's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OBOR	VYMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	4.12%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	13.80%	10.67%	+3.13%
Volatility (1Y) Calculated over the trailing 1-year period	16.05%	12.92%	+3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	14.83%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	16.87%	+1.65%

OBOR vs. VYMI - Expense Ratio Comparison

OBOR has a 0.79% expense ratio, which is higher than VYMI's 0.07% expense ratio.

Dividends

OBOR vs. VYMI - Dividend Comparison

OBOR's dividend yield for the trailing twelve months is around 1.86%, less than VYMI's 3.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
OBOR KraneShares MSCI One Belt One Road Index ETF	1.86%	1.94%	3.87%	3.40%	4.75%	3.26%	2.04%	4.33%	0.02%	0.10%	0.00%
VYMI Vanguard International High Dividend Yield ETF	3.41%	3.68%	4.84%	4.58%	4.70%	4.30%	3.22%	4.20%	4.29%	3.21%	2.39%

Frequently Asked Questions

Can I hold both OBOR and VYMI in my portfolio?

OBOR and VYMI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OBOR or VYMI?

OBOR has higher volatility (6.43%) compared to VYMI (4.12%). In terms of maximum drawdown, OBOR dropped -41.54% vs VYMI's -40.00%.

Which ETF is better, OBOR or VYMI?

On 5-year performance, VYMI leads with 12.36% vs 1.31% for OBOR. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 4.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OBOR or VYMI?

Over the 5-year period, VYMI has performed better with a 12.36% return vs 1.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OBOR or VYMI?

VYMI is cheaper with a 0.07% expense ratio, compared with 0.79% for OBOR.

Which ETF pays a higher dividend yield, OBOR or VYMI?

VYMI has the higher dividend yield at 3.41%, compared with 1.86% for OBOR.

What is the main difference between OBOR and VYMI?

OBOR is categorized as Emerging Markets Equities, while VYMI is Dividend. OBOR tracks MSCI Global China Infrastructure Exposure, while VYMI tracks FTSE All-World ex US High Dividend Yield Index. They also come from different issuers: CICC and Vanguard. Their fees differ too: 0.79% for OBOR and 0.07% for VYMI.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.41 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.