- ISIN
- US5007677694
- CUSIP
- 500767769
- Issuer
- CICC
- Inception Date
- Apr 12, 2019
- Region
- Emerging Markets (Broad)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Emerging Markets ex China Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $137M
Share Price Chart
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Performance
KEMX Performance Chart
KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) is up 38.3% since the beginning of the year. KEMX is currently trading at $51 per share. Investors who bought $1,000 worth of KEMX shares 5 years ago would now be looking at an investment worth $1,865.
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Returns By Period
KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) has returned 38.34% so far this year and 66.69% over the past 12 months.
KraneShares MSCI Emerging Markets ex China Index ETF
- 1D
- -0.16%
- 1M
- 5.38%
- YTD
- 38.34%
- 6M
- 39.79%
- 1Y
- 66.69%
- 3Y*
- 28.29%
- 5Y*
- 13.28%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
KEMX Monthly Returns History
Based on dividend-adjusted daily data since Apr 12, 2019, KEMX's average daily return is +0.06%, while the average monthly return is +1.23%. At this rate, an investment would double in approximately 4.7 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +15.0%, while the worst month was Mar 2020 at -20.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, KEMX closed higher 53% of trading days. The best single day was Mar 13, 2020 with a return of +7.6%, while the worst single day was Mar 16, 2020 at -12.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.11% | 10.67% | -11.07% | 14.97% | 11.00% | -0.87% | 38.34% | ||||||
| 2025 | 2.17% | -2.38% | 0.86% | 2.56% | 5.27% | 7.15% | -0.29% | 1.23% | 6.32% | 6.60% | -0.63% | 4.54% | 38.28% |
| 2024 | -2.71% | 2.49% | 3.18% | -3.25% | 1.06% | 4.74% | 3.48% | -0.70% | 1.10% | -3.40% | -1.97% | -3.19% | 0.36% |
| 2023 | 7.79% | -5.04% | 2.62% | 0.17% | 0.88% | 3.89% | 4.21% | -4.84% | -2.82% | -2.08% | 9.89% | 5.44% | 20.57% |
| 2022 | 0.33% | -3.83% | -0.84% | -7.75% | -0.38% | -11.03% | 3.37% | -0.97% | -10.23% | 4.55% | 11.91% | -4.11% | -19.35% |
| 2021 | 1.75% | 1.76% | 1.63% | 1.49% | 2.85% | 0.02% | -1.99% | 3.17% | -3.35% | 0.64% | -2.33% | 4.75% | 10.55% |
Benchmark Metrics
KraneShares MSCI Emerging Markets ex China Index ETF has an annualized alpha of 3.14%, beta of 0.80, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since April 12, 2019.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (89.57%) than losses (89.12%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.14% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.14%
- Beta
- 0.80
- R²
- 0.56
- Upside Capture
- 89.57%
- Downside Capture
- 89.12%
Expense Ratio
KEMX has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
KEMX ranks 87 for risk / return — in the top 87% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KEMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.30 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.37 | 2.29 | +2.07 |
| Martin ratioReturn relative to average drawdown | 16.52 | 10.15 | +6.38 |
Dividends
Dividend History
KraneShares MSCI Emerging Markets ex China Index ETF provided a 2.37% dividend yield over the last twelve months, with an annual payout of $1.22 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.22 | $1.22 | $0.94 | $0.57 | $0.99 | $1.49 | $0.50 | $0.74 |
Dividend yield | 2.37% | 3.28% | 3.39% | 2.00% | 4.10% | 4.79% | 1.69% | 2.77% |
Monthly Dividends
The table displays the monthly dividend distributions for KraneShares MSCI Emerging Markets ex China Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.22 | $1.22 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | $0.99 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.49 | $1.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the KraneShares MSCI Emerging Markets ex China Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the KraneShares MSCI Emerging Markets ex China Index ETF was 38.80%, occurring on Mar 23, 2020. Recovery took 171 trading sessions.
The current KraneShares MSCI Emerging Markets ex China Index ETF drawdown is 5.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -38.80%Mar 2020 | 2mo 2d | 8mo 5d | 10mo 7dJan 2020 - Nov 2020 |
Bear market2022 | -30.85%Sep 2022 | 8mo 20d | 1y 9mo | 2y 5moJan 2022 - Jul 2024 |
2025 selloff2025 | -19.62%Apr 2025 | 6mo 13d | 2mo 2d | 8mo 15dSep 2024 - Jun 2025 |
2026 correction2026 | -15.36%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2024 pullback2024 | -9.93%Aug 2024 | 21d | 1mo 20d | 2mo 11dJul 2024 - Sep 2024 |
Drawdown Indicators
| KEMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -56.78% | +17.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -9.10% | -6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -19.62% | -18.90% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | -25.43% | -5.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.84% | -3.31% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -10.71% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.05% | +2.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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