KHYB vs VYM
KraneShares Asia Pacific High Income USD Bond 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 | KHYB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.04% | |
| AUM | $16M | $79.0B | |
| Dividend Yield | 9.09% | 2.86% | |
| Holdings | 67 | 568 | |
| YTD Return | +4.44% | +16.78% | |
| 1Y Return | +8.49% | +24.43% | |
| 3Y Return (annualized) | +10.37% | +18.60% | |
| 5Y Return (annualized) | +0.77% | +12.30% | |
| Volatility (annualized) | 8.2% | 14.6% | |
| Max Drawdown | -35.0% | -58.8% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 26, 2018 | Nov 10, 2006 |
KHYB vs VYM Performance
KraneShares Asia Pacific High Income USD Bond ETF (KHYB) is a ETF from KraneShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year KHYB returned +8.49% while VYM returned +24.43%. Year to date, KHYB is up 4.44% versus a gain of 16.78% for VYM.
Over three years, KHYB compounded at +10.37% per year against +18.60% for VYM; over five years the annualized figures are +0.77% and +12.30% respectively. Across the full 8-year window we track, VYM has the edge at +7.11% annualized vs +0.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 8.2% 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 -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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KHYB charges 0.69% per year while VYM charges 0.04%. On a $10,000 position that is $69 vs $4 annually, a gap of $65 per year that compounds over a long holding period. On income, KHYB currently yields 9.09% against 2.86% for VYM.
Holdings Overlap
KHYB and VYM share 0 holdings out of 559 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KHYB or VYM?
KHYB has an expense ratio of 0.69% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, KHYB or VYM?
Over the past year KHYB returned +8.49% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (8 years), KHYB annualized +0.21% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, KHYB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 8.2% for KHYB. Worst drawdown: KHYB -35.0% vs VYM -58.8%.
Should I hold both KHYB and VYM?
KHYB and VYM have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KHYB and VYM?
KHYB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, KHYB or VYM?
KHYB yields 9.09% while VYM yields 2.86%, so KHYB currently pays the higher dividend yield.
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