KraneShares China Alpha Index ETF (KCAI) belongs to the China Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with KCAI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KCAI
KCAI charges 0.79% annually. There are 26 ETFs in the China Equities category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin FTSE China ETF | 0.19% | 279.32M | Nov 2017 | KCAI vs FLCH | |
| WisdomTree China ex-State-Owned Enterprises Fund | 0.32% | 495.28M | Sep 2012 | KCAI vs CXSE | |
| Themes China Generative Artificial Intelligence ET... | 0.39% | — | Jul 2025 | KCAI vs DRGN | |
| iShares MSCI China A UCITS ETF | 0.40% | — | Apr 2015 | KCAI vs ISVBF | |
| Xtrackers MSCI All China Equity ETF | 0.50% | 5.96M | Apr 2014 | KCAI vs CN |
Best Risk-Adjusted Alternatives to KCAI
KCAI has a PortfoliosLab risk / return rank of 94. No ETFs in the China Equities category have higher risk-adjusted ranks; the top alternatives shown here go as high as 84.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Vectors ChinaAMC SME-ChiNext ETF | 84 | 121.57M | Jul 2014 | KCAI vs CNXT | |
| KraneShares SSE STAR Market 50 Index ETF | 83 | 385.27M | Jan 2021 | KCAI vs KSTR | |
| Neuberger Berman China Equity ETF | 77 | 18.42M | Oct 2023 | KCAI vs NBCE | |
| KraneShares Bosera MSCI China A Share ETF | 75 | 149.93M | Mar 2014 | KCAI vs KBA | |
| Xtrackers Harvest CSI 500 China A-Shares Small Cap... | 63 | 36.68M | May 2014 | KCAI vs ASHS |
Top Performing KCAI Alternatives (YTD)
KCAI is at 4.38% YTD. There are 14 ETFs in the China Equities category with higher YTD returns, going as high as 40.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares SSE STAR Market 50 Index ETF | 40.25% | 385.27M | Jan 2021 | KCAI vs KSTR | |
| Matthews China Discovery Active ETF | 31.65% | 22.41M | Jan 2024 | KCAI vs MCHS | |
| Direxion Daily China 3x Bear Shares | 25.47% | 93.03M | Dec 2009 | KCAI vs YANG | |
| VanEck Vectors ChinaAMC SME-ChiNext ETF | 18.94% | 121.57M | Jul 2014 | KCAI vs CNXT | |
| ProShares UltraShort FTSE China 50 | 17.49% | 6.74M | Nov 2007 | KCAI vs FXP |
Lowest Volatility Alternatives to KCAI
KCAI has 14.03% 1-year volatility. No ETFs in the China Equities category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 18.60%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan Active China ETF | 18.60% | 14.77M | Mar 2023 | KCAI vs JCHI | |
| SPDR S&P China ETF | 19.22% | 447.72M | Mar 2007 | KCAI vs GXC | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | 19.27% | 1.35B | Nov 2013 | KCAI vs ASHR | |
| Franklin FTSE China ETF | 19.62% | 279.32M | Nov 2017 | KCAI vs FLCH | |
| iShares MSCI China A ETF | 19.74% | 232.89M | Jun 2016 | KCAI vs CNYA |
Lowest Drawdown Alternatives to KCAI
KCAI has a 1-year max drawdown of -5.90%. No ETFs in the China Equities category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -7.65%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares Bosera MSCI China A Share ETF | -7.65% | 149.93M | Mar 2014 | KCAI vs KBA | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | -7.69% | 1.35B | Nov 2013 | KCAI vs ASHR | |
| iShares MSCI China A ETF | -7.91% | 232.89M | Jun 2016 | KCAI vs CNYA | |
| ProShares Short FTSE China 50 | -11.39% | 4.73M | Mar 2010 | KCAI vs YXI | |
| Xtrackers Harvest CSI 500 China A-Shares Small Cap... | -14.03% | 36.68M | May 2014 | KCAI vs ASHS |
Other ETFs from KraneShares
The 10 most viewed KraneShares ETFs shown here include KWEB, KMLM, KTEC and span 9 categories. AUM among these funds goes as high as $5B.
Often Compared With KCAI
Investors most often compare KCAI with CQQQ, CAS, FCA. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare KCAI with Any Fund or Stock
Compare KCAI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KCAI with funds that move differently
KraneShares China Alpha Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KCAI.
Explore KCAI Diversifiers