KHYB vs MRGR

Comparison between KRANESHARES ASIA PACIFIC HIGH INCOME USD BOND ETF (KHYB, ETF) and PROSHARES MERGER ETF (MRGR, ETF).

5-Year PerformanceMRGR has outperformed KHYB, delivering a return of +4.0% compared to +0.1%

KHYB vs MRGR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KHYB(ETF)	MRGR(ETF)
Net Assets	$16M	$16M
Expense Ratio	0.69%	0.75%
Max Drawdown	44.08%	16.75%
Sharpe Ratio	1.77	1.72
5Y Beta	0.16	0.08
P/E Ratio	N/A	41.57
Forward P/E	N/A	15.92
5Y Dividends CAGR	2.43%	74.38%
Debt to Equity	N/A	-33.40%
P/S Ratio	N/A	2.04
P/B Ratio	N/A	2.78

Net Assets

KHYB

$16M

Winner

MRGR

$16M

Expense Ratio

Winner

KHYB

0.69%

MRGR

0.75%

Max Drawdown

KHYB

44.08%

Winner

MRGR

16.75%

Sharpe Ratio

Winner

KHYB

1.77

MRGR

1.72

5Y Beta

KHYB

0.16

Winner

MRGR

0.08

P/E Ratio

KHYB

N/A

MRGR

41.57

Forward P/E

KHYB

N/A

MRGR

15.92

5Y Dividends CAGR

KHYB

2.43%

Winner

MRGR

74.38%

Debt to Equity

KHYB

N/A

MRGR

-33.40%

P/S Ratio

KHYB

N/A

MRGR

2.04

P/B Ratio

KHYB

N/A

MRGR

2.78

KHYB vs MRGR - Historical Returns

Returns include dividend reinvestment.

Period	KHYB	MRGR
1 month	+0.78%	+0.44%
3 months	+0.80%	+1.07%
6 months	+3.02%	+1.74%
1 year	+10.23%	+11.15%
5 years(CAGR)	+0.10%	+3.99%
10 years(CAGR)	N/A	+3.48%
Max(CAGR)	+1.53%	+2.17%

Winner

KHYB

+0.78%

MRGR

+0.44%

KHYB

+0.80%

Winner

MRGR

+1.07%

Winner

KHYB

+3.02%

MRGR

+1.74%

KHYB

+10.23%

Winner

MRGR

+11.15%

5Y(CAGR)

KHYB

+0.10%

Winner

MRGR

+3.99%

10Y(CAGR)

KHYB

N/A

MRGR

+3.48%

Max(CAGR)

KHYB

+1.53%

Winner

MRGR

+2.17%

KHYB vs MRGR - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	KHYB	MRGR
2026	+2.03%	+1.84%
2025	+9.39%	+11.75%
2024	+10.49%	+5.28%
2023	+2.99%	+5.09%
2022	-10.22%	-4.84%
2021	-12.29%	+6.35%
2020	+1.79%	+1.96%
2019	+8.97%	+4.66%
2018	+0.44%	+3.41%
2017	N/A	+2.08%
2016	N/A	-1.33%
2015	N/A	-0.48%
2014	N/A	-1.43%
2013	N/A	-4.37%
2012	N/A	+1.00%

KHYB vs MRGR Drawdown Comparison

The maximum drawdown for KHYB was -33.62%, occurring on Nov 2, 2022. This drawdown has not yet recovered.

The maximum drawdown for MRGR was -13.23%, occurring on Mar 18, 2020. Recovery took 180 trading sessions.

The current KHYB drawdown is -0.95%. The current MRGR drawdown is -0.31%.

Rank	KHYB	MRGR
#1	-33.62% Dec 21, 2020 - Nov 2, 2022	-13.23% Feb 19, 2020 - Nov 3, 2020
#2	-9.95% Jan 28, 2020 - Jul 23, 2020	-10.02% Dec 31, 2012 - Oct 24, 2019
#3	-1.68% Oct 29, 2018 - Jan 9, 2019	-8.39% Nov 9, 2021 - Mar 1, 2024
#4	-1.49% Sep 3, 2020 - Nov 9, 2020	-2.31% Feb 16, 2021 - Apr 1, 2021
#5	-1.44% Jun 28, 2018 - Aug 24, 2018	-2.10% Feb 28, 2025 - May 27, 2025
#6	-1.03% Nov 27, 2019 - Dec 27, 2019	-1.95% Jun 7, 2021 - Sep 1, 2021
#7	-0.81% Aug 1, 2019 - Sep 26, 2019	-1.69% Mar 5, 2024 - Jul 8, 2024
#8	-0.74% Nov 9, 2020 - Nov 27, 2020	-1.29% Jan 14, 2026 - Mar 31, 2026
#9	-0.61% Jul 24, 2020 - Aug 11, 2020	-1.13% Oct 31, 2024 - Jan 3, 2025
#10	-0.40% Aug 29, 2018 - Sep 27, 2018	-1.12% Jan 22, 2021 - Feb 2, 2021
#11	-0.38% Feb 19, 2019 - Feb 28, 2019	-1.01% Oct 21, 2025 - Nov 3, 2025
#12	-0.37% Sep 27, 2018 - Oct 29, 2018	-0.99% Dec 12, 2025 - Jan 13, 2026
#13	-0.35% May 3, 2019 - Jun 7, 2019	-0.97% Apr 23, 2026 - May 26, 2026
#14	-0.30% Jan 7, 2020 - Jan 14, 2020	-0.97% Nov 6, 2020 - Dec 3, 2020
#15	-0.30% Dec 7, 2020 - Dec 14, 2020	-0.93% Sep 2, 2025 - Sep 26, 2025

Correlation

Correlation between KHYB and MRGR is 0.21 which considered as a very weak or no correlation - the stocks move independently of each other.

0.21

-101

Dividend Comparison (2013 - 2026)

KHYB vs MRGR dividend yield comparison.

Year	KHYB	MRGR
2026	3.90%	0.20%
2025	7.59%	3.12%
2024	10.11%	3.21%
2023	15.55%	2.11%
2022	9.67%	0.61%
2021	6.22%	0.59%
2020	4.76%	0.00%
2019	4.86%	0.78%
2018	2.56%	1.39%
2017	0.00%	0.36%
2016	0.00%	0.74%
2015	0.00%	0.34%
2014	0.00%	0.67%
2013	0.00%	2.46%