KALL vs VYM
KraneShares MSCI All China Index ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | KALL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.04% | |
| AUM | $9M | $79.0B | |
| Dividend Yield | 2.19% | 2.86% | |
| Holdings | 210 | 568 | |
| YTD Return | +11.08% | +16.16% | |
| 1Y Return | +11.64% | +26.05% | |
| 3Y Return (annualized) | +2.79% | +18.43% | |
| 5Y Return (annualized) | +0.69% | +12.21% | |
| Volatility (annualized) | 26.1% | 14.6% | |
| Max Drawdown | -56.3% | -58.8% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 12, 2015 | Nov 10, 2006 |
KALL vs VYM Performance
KraneShares MSCI All China Index ETF (KALL) is a ETF from KraneShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year KALL returned +11.64% while VYM returned +26.05%. Year to date, KALL is up 11.08% versus a gain of 16.16% for VYM.
Over three years, KALL compounded at +2.79% per year against +18.43% for VYM; over five years the annualized figures are +0.69% and +12.21% respectively. Across the full 10-year window we track, VYM has the edge at +7.09% annualized vs +1.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KALL has been the more volatile fund, with annualized monthly volatility of 26.1% compared with 14.6% for VYM. 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 -56.3% for KALL and -58.8% for VYM. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KALL charges 0.49% per year while VYM charges 0.04%. On a $10,000 position that is $49 vs $4 annually, a gap of $45 per year that compounds over a long holding period. On income, KALL currently yields 2.19% against 2.86% for VYM.
Frequently Asked Questions
Which is cheaper, KALL or VYM?
KALL has an expense ratio of 0.49% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, KALL or VYM?
Over the past year KALL returned +11.64% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), KALL annualized +1.50% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, KALL or VYM?
KALL has been the more volatile fund at 26.1% annualized versus 14.6% for VYM. Worst drawdown: KALL -56.3% vs VYM -58.8%.
Should I hold both KALL and VYM?
KALL and VYM have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, KALL or VYM?
KALL yields 2.19% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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