HFXI vs KF
NYLI FTSE International Equity Currency Neutral ETF vs The Korea Fund, Inc.
Quick Verdict
KF delivered stronger 1-year returns. HFXI offers more diversification with 759 holdings.
Side-by-Side Comparison
| Metric | HFXI | KF | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | - | |
| AUM | $2.0B | $285M | |
| Dividend Yield | 3.96% | 1.57% | |
| Holdings | 858 | 52 | |
| YTD Return | +17.72% | +64.67% | |
| 1Y Return | +31.13% | +130.85% | |
| 3Y Return (annualized) | +20.98% | +44.19% | |
| 5Y Return (annualized) | +12.28% | +17.31% | |
| Volatility (annualized) | 13.9% | 43.4% | |
| Max Drawdown | -34.2% | -77.0% | |
| Fund Family | INDEXIQ ETF TRUST | The Korea Fund, Inc. (KF) | |
| Category | Equity | Equity | |
| Inception | Jul 22, 2015 | Aug 29, 1984 |
HFXI vs KF Performance
NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST and The Korea Fund, Inc. (KF) is a ETF from The Korea Fund, Inc. (KF). Over the past year HFXI returned +31.13% while KF returned +130.85%. Year to date, HFXI is up 17.72% versus a gain of 64.67% for KF.
Over three years, HFXI compounded at +20.98% per year against +44.19% for KF; over five years the annualized figures are +12.28% and +17.31% respectively. Across the full 11-year window we track, KF has the edge at +16.48% annualized vs +7.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KF has been the more volatile fund, with annualized monthly volatility of 43.4% compared with 13.9% for HFXI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.2% for HFXI and -77.0% for KF. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Holdings Overlap
HFXI and KF share 17 holdings out of 791 unique holdings combined, representing a 5.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, HFXI or KF?
Over the past year HFXI returned +31.13% vs +130.85% for KF, so KF leads on 1-year performance. Over the longest common window we track (11 years), HFXI annualized +7.98% vs +16.48% for KF. Past performance does not guarantee future results.
Which is riskier, HFXI or KF?
KF has been the more volatile fund at 43.4% annualized versus 13.9% for HFXI. Worst drawdown: HFXI -34.2% vs KF -77.0%.
Should I hold both HFXI and KF?
HFXI and KF have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFXI and KF?
HFXI and KF share 17 common holdings with a 5.5% weight overlap. Combined, they hold 791 unique securities.
Which pays a higher dividend, HFXI or KF?
HFXI yields 3.96% while KF yields 1.57%, so HFXI currently pays the higher dividend yield.
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