RTAI vs. KHYB
Compare and contrast key facts about Rareview Tax Advantaged Income ETF (RTAI) and KraneShares Asia Pacific High Income Bond ETF (KHYB).
RTAI and KHYB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RTAI is an actively managed fund by Rareview Funds. It was launched on Oct 20, 2020. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RTAI or KHYB.
Key characteristics
| RTAI | KHYB | |
|---|---|---|
| YTD Return | 9.76% | 12.48% |
| 1Y Return | 23.01% | 17.97% |
| 3Y Return (Ann) | -3.82% | 2.63% |
| Sharpe Ratio | 2.60 | 4.89 |
| Sortino Ratio | 3.88 | 7.61 |
| Omega Ratio | 1.49 | 2.25 |
| Calmar Ratio | 0.76 | 0.76 |
| Martin Ratio | 14.25 | 56.31 |
| Ulcer Index | 1.53% | 0.31% |
| Daily Std Dev | 8.42% | 3.62% |
| Max Drawdown | -34.32% | -33.01% |
| Current Drawdown | -12.53% | -9.33% |
Correlation
The correlation between RTAI and KHYB is 0.20, 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.
Performance
RTAI vs. KHYB - Performance Comparison
In the year-to-date period, RTAI achieves a 9.76% return, which is significantly lower than KHYB's 12.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RTAI vs. KHYB - Expense Ratio Comparison
RTAI has a 3.78% expense ratio, which is higher than KHYB's 0.69% expense ratio.
Risk-Adjusted Performance
RTAI vs. KHYB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Tax Advantaged Income ETF (RTAI) 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.
Dividends
RTAI vs. KHYB - Dividend Comparison
RTAI's dividend yield for the trailing twelve months is around 4.65%, less than KHYB's 15.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
RTAI Rareview Tax Advantaged Income ETF | 4.65% | 3.06% | 3.71% | 4.73% | 0.47% | 0.00% | 0.00% |
KHYB KraneShares Asia Pacific High Income Bond ETF | 15.36% | 15.56% | 9.67% | 6.22% | 6.87% | 4.93% | 2.56% |
Drawdowns
RTAI vs. KHYB - Drawdown Comparison
The maximum RTAI drawdown since its inception was -34.32%, roughly equal to the maximum KHYB drawdown of -33.01%. Use the drawdown chart below to compare losses from any high point for RTAI and KHYB. For additional features, visit the drawdowns tool.
Volatility
RTAI vs. KHYB - Volatility Comparison
Rareview Tax Advantaged Income ETF (RTAI) has a higher volatility of 2.94% compared to KraneShares Asia Pacific High Income Bond ETF (KHYB) at 0.56%. This indicates that RTAI's price experiences larger fluctuations and is considered to be riskier than KHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.