KEMX vs GBF

Comparison between KRANESHARES MSCI EMERGING MARKETS EX CHINA INDEX ETF (KEMX, ETF) and ISHARES GOVERNMENT/CREDIT BOND ETF (GBF, ETF).

5-Year PerformanceKEMX has outperformed GBF, delivering a return of +12.9% compared to -0.7%

KEMX vs GBF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KEMX(ETF)	GBF(ETF)
Net Assets	$128M	$128M
Expense Ratio	0.24%	0.20%
Max Drawdown	39.30%	23.43%
Sharpe Ratio	1.71	-0.70
5Y Beta	0.93	0.04
5Y Dividends CAGR	19.55%	20.62%

Net Assets

Winner

KEMX

$128M

GBF

$128M

Expense Ratio

KEMX

0.24%

Winner

GBF

0.20%

Max Drawdown

KEMX

39.30%

Winner

GBF

23.43%

Sharpe Ratio

Winner

KEMX

1.71

GBF

-0.70

5Y Beta

KEMX

0.93

Winner

GBF

0.04

5Y Dividends CAGR

KEMX

19.55%

Winner

GBF

20.62%

KEMX vs GBF - Historical Returns

Returns include dividend reinvestment.

Period	KEMX	GBF
1 month	+6.18%	+0.11%
3 months	-3.97%	-0.93%
6 months	+13.69%	-1.99%
1 year	+62.27%	+1.36%
5 years(CAGR)	+12.94%	-0.74%
10 years(CAGR)	N/A	+1.21%
Max(CAGR)	+13.16%	+2.95%

Winner

KEMX

+6.18%

GBF

+0.11%

KEMX

-3.97%

Winner

GBF

-0.93%

Winner

KEMX

+13.69%

GBF

-1.99%

Winner

KEMX

+62.27%

GBF

+1.36%

5Y(CAGR)

Winner

KEMX

+12.94%

GBF

-0.74%

10Y(CAGR)

KEMX

N/A

GBF

+1.21%

Max(CAGR)

Winner

KEMX

+13.16%

GBF

+2.95%

KEMX vs GBF - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	KEMX	GBF
2026	+34.18%	-0.63%
2025	+37.70%	+6.30%
2024	+1.54%	+1.42%
2023	+21.39%	+5.13%
2022	-19.51%	-13.13%
2021	+8.98%	-2.07%
2020	+11.59%	+8.44%
2019	+7.92%	+9.34%
2018	N/A	-0.15%
2017	N/A	+3.83%
2016	N/A	+2.25%
2015	N/A	-0.28%
2014	N/A	+6.05%
2013	N/A	-2.09%
2012	N/A	+4.13%
2011	N/A	+9.44%
2010	N/A	+5.44%
2009	N/A	+3.45%
2008	N/A	+6.81%
2007	N/A	+6.69%

KEMX vs GBF Drawdown Comparison

The maximum drawdown for KEMX was -38.80%, occurring on Mar 23, 2020. Recovery took 215 trading sessions.

The maximum drawdown for GBF was -19.67%, occurring on Oct 24, 2022. This drawdown has not yet recovered.

The current KEMX drawdown is -6.63%. The current GBF drawdown is -5.58%.

Rank	KEMX	GBF
#1	-38.80% Jan 17, 2020 - Nov 23, 2020	-19.67% Aug 4, 2020 - Oct 24, 2022
#2	-30.85% Jan 12, 2022 - Jul 3, 2024	-8.75% Sep 9, 2008 - Dec 2, 2008
#3	-19.59% Sep 26, 2024 - Jun 9, 2025	-7.97% Mar 9, 2020 - Jun 26, 2020
#4	-16.11% Jun 22, 2026 - Jul 29, 2026	-6.12% May 2, 2013 - Jul 23, 2014
#5	-15.36% Feb 25, 2026 - Apr 17, 2026	-5.85% Dec 29, 2008 - Jul 31, 2009
#6	-9.93% Jul 12, 2024 - Sep 24, 2024	-5.20% Jul 8, 2016 - Sep 5, 2017
#7	-9.75% Jul 18, 2019 - Oct 25, 2019	-4.35% Oct 6, 2010 - Jun 1, 2011
#8	-9.47% Jun 2, 2026 - Jun 18, 2026	-3.90% Sep 7, 2017 - Feb 7, 2019
#9	-8.14% Apr 17, 2019 - Jul 1, 2019	-3.73% Jan 30, 2015 - Feb 11, 2016
#10	-7.13% Jun 4, 2021 - Jan 11, 2022	-2.81% Apr 9, 2008 - Sep 4, 2008
#11	-6.67% Jan 21, 2021 - Feb 12, 2021	-2.75% May 7, 2007 - Aug 16, 2007
#12	-6.58% Feb 16, 2021 - May 7, 2021	-2.58% Sep 4, 2019 - Jan 23, 2020
#13	-6.11% May 8, 2026 - May 26, 2026	-2.00% Nov 12, 2012 - Apr 15, 2013
#14	-5.75% May 7, 2021 - Jun 1, 2021	-1.98% Jul 24, 2012 - Nov 7, 2012
#15	-4.42% Nov 3, 2025 - Dec 10, 2025	-1.86% Nov 30, 2009 - Mar 2, 2010

Correlation

Correlation between KEMX and GBF is 0.26 which considered as a very weak or no correlation - the stocks move independently of each other.

0.26

-101

Dividend Comparison (2007 - 2026)

KEMX vs GBF dividend yield comparison.

Year	KEMX	GBF
2026	0.00%	2.63%
2025	3.28%	3.81%
2024	3.39%	3.94%
2023	2.00%	3.03%
2022	4.10%	2.13%
2021	4.79%	1.22%
2020	1.69%	1.64%
2019	2.77%	2.64%
2018	0.00%	2.59%
2017	0.00%	2.31%
2016	0.00%	2.09%
2015	0.00%	2.04%
2014	0.00%	2.08%
2013	0.00%	2.37%
2012	0.00%	2.53%
2011	0.00%	3.03%
2010	0.00%	3.19%
2009	0.00%	3.56%
2008	0.00%	4.17%
2007	0.00%	4.67%