PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
THD vs. KBA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

THD vs. KBA

Last updated Aug 2, 2026
Documentation

THD (iShares MSCI Thailand ETF) and KBA (KraneShares Bosera MSCI China A Share ETF) are both exchange-traded funds - THD is a Asia Pacific Equities fund tracking the MSCI Thailand Investable Market Index, while KBA is a China Equities fund tracking the MSCI China A Index. Both are passively managed. Over the past 10 years, THD returned 3.01%/yr vs 9.42%/yr for KBA. Their 0.37 correlation means their historical movements had little consistent relationship. THD charges 0.59%/yr vs 0.60%/yr for KBA.

Performance

THD vs. KBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Thailand ETF (THD) and KraneShares Bosera MSCI China A Share ETF (KBA). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, THD achieves a 25.29% return, which is significantly higher than KBA's 7.15% return. Over the past 10 years, THD has underperformed KBA with an annualized return of 3.01%, while KBA has yielded a comparatively higher 9.42% annualized return.

THD

1D
1.25%
1M
1.98%
6M
18.37%
YTD
25.29%
1Y
34.86%
3Y*
4.95%
5Y*
3.24%
10Y*
3.01%
ALL TIME*
4.91%

KBA

1D
-0.78%
1M
1.13%
6M
7.50%
YTD
7.15%
1Y
34.07%
3Y*
12.68%
5Y*
7.04%
10Y*
9.42%
ALL TIME*
9.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

KBA

KraneShares Bosera MSCI China A Share ETF
$842.71K$977.36K$2.09M

THD

iShares MSCI Thailand ETF
$2.19M$2.55M$5.61M

THD vs. KBA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
THD
iShares MSCI Thailand ETF		25.29%2.36%-2.21%-12.63%1.22%1.87%-9.89%8.32%-8.25%31.45%
KBA
KraneShares Bosera MSCI China A Share ETF		7.15%33.88%15.73%-16.77%-3.49%3.17%41.62%35.44%-26.28%30.69%

Correlation

The correlation between THD and KBA is 0.43, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.43

Correlation (3Y)
Balances recent behavior with more history.

0.34

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.38

Correlation (10Y)
Provides a long-term view across more market conditions.

0.41

Correlation (All Time)
Calculated using the full available price history since Mar 5, 2014

0.37

THD vs. KBA - Sectors Allocation Comparison

Sectors
THD
KBA

Industrials

30.2%
14.4%

Energy

13.0%
2.4%

Financial Services

11.9%
16.9%

Communication Services

9.8%
1.2%

Consumer Defensive

7.5%
5.8%

Utilities

7.0%
3.2%

Healthcare

6.4%
4.0%

Real Estate

5.2%
0.4%

Consumer Cyclical

5.2%
4.1%

Basic Materials

2.8%
10.1%

Technology

1.3%
37.5%

Industrials

THD
30.2%
KBA
14.4%

Energy

THD
13.0%
KBA
2.4%

Financial Services

THD
11.9%
KBA
16.9%

Communication Services

THD
9.8%
KBA
1.2%

Consumer Defensive

THD
7.5%
KBA
5.8%

Utilities

THD
7.0%
KBA
3.2%

Healthcare

THD
6.4%
KBA
4.0%

Real Estate

THD
5.2%
KBA
0.4%

Consumer Cyclical

THD
5.2%
KBA
4.1%

Basic Materials

THD
2.8%
KBA
10.1%

Technology

THD
1.3%
KBA
37.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Thailand ETF

KraneShares Bosera MSCI China A Share ETF

Often compared with THD:
THD vs. VOOTHD vs. AAXJTHD vs. GQETXTHD vs. GREKTHD vs. SSOTHD vs. BRAZTHD vs. EPU
Often compared with KBA:
KBA vs. ASHRKBA vs. CNYAKBA vs. KGRNKBA vs. EWTKBA vs. MCHIKBA vs. HEZUKBA vs. ASHS

Return for Risk

THD vs. KBA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
THD
THD Risk / Return Rank: 6767
Overall Rank
THD Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
THD Sortino Ratio Rank: 6666
Sortino Ratio Rank
THD Omega Ratio Rank: 6262
Omega Ratio Rank
THD Calmar Ratio Rank: 7575
Calmar Ratio Rank
THD Martin Ratio Rank: 6363
Martin Ratio Rank
KBA
KBA Risk / Return Rank: 7676
Overall Rank
KBA Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
KBA Sortino Ratio Rank: 7070
Sortino Ratio Rank
KBA Omega Ratio Rank: 6969
Omega Ratio Rank
KBA Calmar Ratio Rank: 9191
Calmar Ratio Rank
KBA Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

THD vs. KBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Thailand ETF (THD) and KraneShares Bosera MSCI China A Share ETF (KBA). 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.

THDKBADifference
Sharpe ratioReturn per unit of total volatility
1.55
1.63

-0.08

Sortino ratioReturn per unit of downside risk
2.17
2.27

-0.10

Omega ratioGain probability vs. loss probability

1.26

1.29

-0.03

Calmar ratioReturn relative to maximum drawdown

2.62

4.08

-1.46

Martin ratioReturn relative to average drawdown

7.53

9.76

-2.22

THD vs. KBA - Sharpe Ratio Comparison

The current THD Sharpe Ratio is 1.55, which is comparable to the KBA Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of THD and KBA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

THD vs. KBA - Drawdown Comparison

The maximum THD drawdown since its inception was -64.22%, which is greater than KBA's maximum drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for THD and KBA.

Loading charts...

Drawdown Indicators

THDKBADifference

Max Drawdown

Largest peak-to-trough decline

-64.22%

-53.24%

-10.98%

Max Drawdown (1Y)

Largest decline over 1 year

-13.12%

-8.33%

-4.79%

Max Drawdown (3Y)

Largest decline over 3 years

-34.11%

-31.23%

-2.88%

Max Drawdown (5Y)

Largest decline over 5 years

-40.24%

-39.76%

-0.48%

Max Drawdown (10Y)

Largest decline over 10 years

-49.32%

-45.32%

-4.00%

Current Drawdown

Current decline from peak

-8.00%

-6.47%

-1.53%

Average Drawdown

Average peak-to-trough decline

-18.20%

-25.53%

+7.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.56%

3.48%

+1.08%

Volatility

THD vs. KBA - Volatility Comparison

The current volatility for iShares MSCI Thailand ETF (THD) is 4.31%, while KraneShares Bosera MSCI China A Share ETF (KBA) has a volatility of 8.55%. This indicates that THD experiences smaller price fluctuations and is considered to be less risky than KBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

THDKBADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.31%

8.55%

-4.24%

Volatility (6M)

Calculated over the trailing 6-month period

18.26%

16.45%

+1.81%

Volatility (1Y)

Calculated over the trailing 1-year period

22.24%

20.87%

+1.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.01%

27.33%

-7.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.57%

25.49%

-3.92%

THD vs. KBA - Expense Ratio Comparison

THD has a 0.59% expense ratio, which is lower than KBA's 0.60% expense ratio.

Dividends

THD vs. KBA - Dividend Comparison

THD's dividend yield for the trailing twelve months is around 3.46%, more than KBA's 1.46% yield.

PositionTTM20252024202320222021202020192018201720162015
KBA
KraneShares Bosera MSCI China A Share ETF		1.46%1.56%2.18%2.34%49.05%9.07%0.65%1.53%3.77%1.46%6.62%29.08%
THD
iShares MSCI Thailand ETF		3.46%3.36%3.15%2.92%2.41%3.16%2.31%2.42%2.57%2.16%2.61%3.58%

Frequently Asked Questions

THD and KBA 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.

KBA has higher volatility (8.55%) compared to THD (4.31%). In terms of maximum drawdown, THD dropped -64.22% vs KBA's -53.24%.

On 10-year performance, KBA leads with 9.42% vs 3.01% for THD. On fees, THD is cheaper at 0.59% per year. On volatility, THD has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, KBA has performed better with a 9.42% return vs 3.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

THD is cheaper with a 0.59% expense ratio, compared with 0.60% for KBA.

THD has the higher dividend yield at 3.46%, compared with 1.46% for KBA.

THD is categorized as Asia Pacific Equities, while KBA is China Equities. THD tracks MSCI Thailand Investable Market Index, while KBA tracks MSCI China A Index. They also come from different issuers: iShares and CICC. Their fees differ too: 0.59% for THD and 0.60% for KBA.

KBA currently has the higher Sharpe Ratio (1.63 vs 1.55), 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.

Portfolio Optimizer

Find the right allocation for THD and KBA

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer