- ISIN
- US5007678502
- CUSIP
- 500767850
- Issuer
- CICC
- Inception Date
- Oct 13, 2017
- Region
- Emerging Asia Pacific (China)
- Category
- China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI China IMI Environment 10/40 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $57M
Share Price Chart
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Performance
KGRN Performance Chart
KraneShares MSCI China Clean Technology Index ETF (KGRN) is down 8.7% since the beginning of the year. KGRN is currently trading at $25 per share. Investors who bought $1,000 worth of KGRN shares 5 years ago would now be looking at an investment worth $563.
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Returns By Period
KraneShares MSCI China Clean Technology Index ETF (KGRN) has returned -8.65% so far this year and -1.72% over the past 12 months.
KraneShares MSCI China Clean Technology Index ETF
- 1D
- 0.76%
- 1M
- -8.44%
- YTD
- -8.65%
- 6M
- -10.18%
- 1Y
- -1.72%
- 3Y*
- -0.90%
- 5Y*
- -10.86%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
KGRN Monthly Returns History
Based on dividend-adjusted daily data since Oct 13, 2017, KGRN's average daily return is +0.03%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.
Historically, 50% of months were positive and 50% were negative. The best month was Sep 2024 with a return of +24.5%, while the worst month was Jan 2024 at -20.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, KGRN closed higher 48% of trading days. The best single day was Mar 16, 2022 with a return of +18.3%, while the worst single day was Oct 8, 2024 at -10.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.85% | 0.59% | 4.51% | -0.40% | -4.34% | -9.56% | -8.65% | ||||||
| 2025 | 1.18% | 14.58% | -1.15% | -3.56% | 2.48% | 2.72% | 4.75% | 4.87% | 11.07% | -4.83% | -6.36% | -4.00% | 21.45% |
| 2024 | -20.74% | 15.36% | -3.68% | 0.22% | 2.76% | -5.79% | 2.06% | -3.02% | 24.47% | -4.50% | -3.09% | 1.51% | -1.11% |
| 2023 | 16.44% | -11.72% | 2.29% | -6.82% | -5.74% | 10.83% | 11.56% | -14.62% | -6.07% | -6.27% | -3.08% | 2.47% | -14.75% |
| 2022 | -13.06% | 2.25% | -11.59% | -12.13% | 10.48% | 17.28% | -9.22% | -9.54% | -17.18% | -14.50% | 19.36% | -4.11% | -40.45% |
| 2021 | 9.19% | -6.74% | -8.94% | 0.05% | 2.12% | 18.09% | -2.87% | -2.02% | -6.68% | 11.14% | 2.54% | -6.48% | 5.91% |
Benchmark Metrics
KraneShares MSCI China Clean Technology Index ETF has an annualized alpha of -3.29%, beta of 0.69, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since October 13, 2017.
- This ETF participated in 83.16% of S&P 500 Index downside but only 44.64% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.69 may look defensive, but with R2 of 0.16 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.16 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -3.29%
- Beta
- 0.69
- R²
- 0.16
- Upside Capture
- 44.64%
- Downside Capture
- 83.16%
Expense Ratio
KGRN has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KGRN ranks 8 for risk / return — in the bottom 8% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for KraneShares MSCI China Clean Technology Index ETF (KGRN) 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.
| KGRN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.78 | -2.86 |
| Martin ratioReturn relative to average drawdown | -0.16 | 12.44 | -12.59 |
Dividends
Dividend History
KraneShares MSCI China Clean Technology Index ETF provided a 0.94% dividend yield over the last twelve months, with an annual payout of $0.23 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.23 | $0.23 | $0.33 | $0.17 | $0.54 | $0.19 | $0.00 | $1.09 | $0.36 |
Dividend yield | 0.94% | 0.85% | 1.49% | 0.74% | 1.98% | 0.41% | 0.01% | 5.88% | 2.04% |
Monthly Dividends
The table displays the monthly dividend distributions for KraneShares MSCI China Clean Technology 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 | $0.23 | $0.23 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
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 China Clean Technology 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 China Clean Technology Index ETF was 66.24%, occurring on Feb 5, 2024. The portfolio has not yet recovered.
The current KraneShares MSCI China Clean Technology Index ETF drawdown is 52.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -66.24%Feb 2024 | 2y 11mo | — | 5y 4moFeb 2021 - now |
COVID crash2020 | -41.14%Mar 2020 | 2y 2mo | 3mo 15d | 2y 5moJan 2018 - Jul 2020 |
2017 pullback2017 | -9.50%Dec 2017 | 1mo 11d | 27d | 2mo 8dOct 2017 - Jan 2018 |
2021 pullback2021 | -8.95%Jan 2021 | 3d | 11d | 14dJan 2021 - Feb 2021 |
2020 pullback2020 | -8.88%Jul 2020 | 14d | 9d | 23dJul 2020 - Aug 2020 |
Drawdown Indicators
| KGRN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.24% | -56.78% | -9.46% |
Max Drawdown (1Y)Largest decline over 1 year | -24.11% | -9.10% | -15.01% |
Max Drawdown (3Y)Largest decline over 3 years | -42.19% | -18.90% | -23.29% |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | -25.43% | -38.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -52.16% | -1.80% | -50.36% |
Average DrawdownAverage peak-to-trough decline | -34.03% | -10.71% | -23.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.07% | 2.03% | +9.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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