KraneShares Asia Pacific High Income Bond ETF (KHYB) Performance
KHYB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.9% since Dec 31, 2025
- 1 year
- +4.1% total return
- 5 years
- +2.5% a year
- Since first price
- +1.8% a year since 2018
KHYB trailing returns vs SPY, QQQ, AGG
| Period | KHYB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.2% | −2.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.7% | −3.1% | +7.8% | +8.4% | −1.5% |
| YTD | +2.9% | −4.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.1% | −4.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +33.1%+10.0%/yr | −4.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +13.4%+2.5%/yr | −31.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 28, 2018 | +15.7%+1.8%/yr | −41.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KHYB vs SPY
From Jun 28, 2018: KHYB grew to $11,571, SPY to $31,765.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KHYB returns by calendar year
5 of 7 full years positive. Best 2024 (+10.8%), worst 2021 (−12.3%). 2026 is year to date.
KHYB annual returns table
| Year | KHYB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +2.9% | −4.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.6% | −4.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.8% | −2.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +3.5% | −8.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −10.2% | −22.8% | −18.2% | −32.6% | −13.0% |
| 2021 | −12.3% | −16.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +3.8% | −10.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +9.0% | −1.0% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KHYB largest drawdowns
Now 1.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 28, 2021 | −33.0% | Nov 2, 2022 | Feb 24, 2026 | 1.4 years | 4.7 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KHYB risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +9.9% | +1.2% | +1.9% |
| Volatility (annualized) | 4.3% | 9.5% | 8.2% |
| Sharpe ratio | 1.23 | -0.21 | -0.05 |
| Sortino ratio | 2.11 | -0.29 | -0.06 |
| Best month | +4.0% | +12.0% | +12.0% |
| Worst month | −2.9% | −8.8% | −8.8% |
| Best 12 months | +18.6% | +18.6% | +18.6% |
| Worst 12 months | +5.0% | −25.1% | −25.2% |
| Positive months | 78% | 60% | 66% |
| Beta vs S&P 500 | 0.23 | 0.18 | — |
| Correlation with S&P 500 | 0.66 | 0.30 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KHYB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 89 | −25.2% | +5.7% | +18.6% | 75% |
| 3-year (a year) | 65 | −10.5% | −1.9% | +12.7% | 45% |
| 5-year (a year) | 41 | −2.9% | −0.8% | +3.0% | 24% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
KHYB performance overview
KraneShares Asia Pacific High Income Bond ETF (KHYB) returned +4.1% over the past year and +2.5% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +1.8% a year, turning $10,000 into about $11,571. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.0%, from May 28, 2021 to Nov 2, 2022, and it took 3.3 years to get back to the old high. KHYB finished 5 of its 7 full calendar years with a gain; the best year was 2024 (+10.8%) and the worst 2021 (−12.3%). Volatility has been 8.2% a year.
Related: KHYB chart, KHYB dividends. See the KHYB overview for the latest quote and fund facts.
KHYB performance FAQ
What is the KHYB return over the past year?
KHYB returned +4.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.4%.
What is the average annual return of KHYB?
KHYB has returned +2.5% a year over 5 years, +1.8% a year since June 28, 2018 (total return, distributions reinvested).
How much would $10,000 invested in KHYB be worth?
$10,000 invested in KHYB at its first recorded close on June 28, 2018 would be worth about $11,571 on October 23, 2026 with distributions reinvested.
What was the worst year for KHYB?
The worst calendar year was 2021, with a total return of −12.3%. The best was 2024 at +10.8%.
What is the biggest drawdown of KHYB?
The largest peak-to-trough decline was −33.0% between May 28, 2021 and November 2, 2022. It recovered to the old high on February 24, 2026, 3.3 years after the bottom.
How volatile is KHYB?
Over the past 3 years KHYB had an annualized volatility of 4.3% and a Sharpe ratio of 1.23 (excess return over 1–3 month T-bills per unit of risk).