KHYB vs SPY
KraneShares Asia Pacific High Income USD Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, KHYB or SPY?
Emerging Markets Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | KHYB | SPY |
|---|---|---|
| Expense Ratio | 0.69% | 0.09%Best |
| AUM | $16M | $804.7B |
| Dividend Yield | 9.20% | 0.98% |
| Holdings | 73 | 505 |
| YTD Return | +4.37% | +12.47%Best |
| 1Y Return | +6.77% | +17.51%Best |
| 3Y Return (annualized) | +10.42% | +21.18%Best |
| 5Y Return (annualized) | +0.70% | +12.88%Best |
| Volatility (annualized) | 8.1%Best | 16.6% |
| Max Drawdown | -35.0% | -34.1%Best |
| $10,000 over 5 years | $10,355 | $18,327Best |
| Fund Family | KraneShares | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Emerging Markets Bond | Large Cap Blend |
| Inception | Jun 26, 2018 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 28, 2018 to Sep 11, 2026 (8.2 years).
KHYB vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.2 years both funds cover.
KHYB vs SPY Performance
KraneShares Asia Pacific High Income USD Bond ETF (KHYB) is an ETF from KraneShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year KHYB returned +6.77% while SPY returned +17.51%. Year to date, KHYB is up 4.37% versus a gain of 12.47% for SPY.
Over three years, KHYB compounded at +10.42% per year against +21.18% for SPY; over five years the annualized figures are +0.70% and +12.88% respectively. Across the full 8-year window we track, SPY has the edge at +14.50% annualized vs +0.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 8.1% for KHYB. 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 -35.0% for KHYB and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.35. They move together some of the time, and apart the rest.
Fees and Cost Over Time
KHYB charges 0.69% per year while SPY charges 0.09%. On a $10,000 position that is $69 vs $9 annually, a gap of $60 per year that compounds over a long holding period. On income, KHYB currently yields 9.20% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in KHYB and 504 in SPY, totalling 1.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in KHYB and 504 in SPY, against full books of 73 and 505.
You are not choosing between two funds in isolation.
Whichever of KHYB and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KHYB or SPY?
KHYB has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option, by $60 a year on a $10,000 investment.
Which performed better, KHYB or SPY?
Over the past year KHYB returned +6.77% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), KHYB annualized +0.20% vs +14.50% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KHYB or SPY?
SPY has been the more volatile fund at 16.6% annualized versus 8.1% for KHYB. Worst drawdown: KHYB -35.0% vs SPY -34.1%.
Should I hold both KHYB and SPY?
KHYB and SPY have a monthly-return correlation of 0.35, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, KHYB or SPY?
KHYB yields 9.20% while SPY yields 0.98%, so KHYB currently pays the higher dividend yield.
Is SPY better than KHYB?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.