- ISIN
- US5007678684
- CUSIP
- 500767868
- Issuer
- CICC
- Inception Date
- Sep 7, 2017
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Global China Infrastructure Exposure
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $4M
Share Price Chart
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Performance
OBOR Performance Chart
KraneShares MSCI One Belt One Road Index ETF (OBOR) is up 4.3% since the beginning of the year. OBOR is currently trading at $28 per share. Investors who bought $1,000 worth of OBOR shares 5 years ago would now be looking at an investment worth $1,067.
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Returns By Period
KraneShares MSCI One Belt One Road Index ETF (OBOR) has returned 4.26% so far this year and 24.36% over the past 12 months.
KraneShares MSCI One Belt One Road Index ETF
- 1D
- 1.15%
- 1M
- -1.00%
- YTD
- 4.26%
- 6M
- 7.97%
- 1Y
- 24.36%
- 3Y*
- 12.00%
- 5Y*
- 1.31%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
OBOR Monthly Returns History
Based on dividend-adjusted daily data since Sep 8, 2017, OBOR's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +13.5%, while the worst month was Mar 2020 at -17.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, OBOR closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +6.5%, while the worst single day was Mar 16, 2020 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.13% | 5.79% | -8.96% | 2.07% | -1.79% | 0.79% | 4.26% | ||||||
| 2025 | 0.85% | -1.73% | 2.99% | 0.64% | 4.37% | 4.98% | 0.77% | 1.45% | 4.30% | 0.46% | 1.47% | 4.51% | 27.86% |
| 2024 | -1.86% | 3.54% | 1.65% | 1.30% | 3.19% | -0.63% | 1.23% | -0.48% | 6.03% | -2.68% | -3.08% | 0.40% | 8.55% |
| 2023 | 5.00% | -5.37% | -1.07% | 1.25% | -6.46% | 1.25% | 6.20% | -6.91% | -1.10% | -5.09% | 2.52% | 2.70% | -7.91% |
| 2022 | -0.82% | -1.12% | -7.39% | -6.99% | 1.40% | -3.11% | -0.73% | -4.24% | -7.54% | -1.60% | 11.80% | -2.75% | -21.96% |
| 2021 | 1.06% | 3.78% | 3.27% | 2.17% | 2.95% | -1.17% | 1.14% | 1.75% | -1.21% | 2.68% | -3.43% | 3.14% | 17.06% |
Benchmark Metrics
KraneShares MSCI One Belt One Road Index ETF has an annualized alpha of -3.75%, beta of 0.63, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since September 11, 2017.
- This ETF participated in 78.16% of S&P 500 Index downside but only 48.77% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.63 may look defensive, but with R2 of 0.42 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 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -3.75%
- Beta
- 0.63
- R²
- 0.42
- Upside Capture
- 48.77%
- Downside Capture
- 78.16%
Expense Ratio
OBOR has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
OBOR ranks 41 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for KraneShares MSCI One Belt One Road Index ETF (OBOR) and compare them to S&P 500 Index.
| OBOR | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 2.39 | -0.86 |
Sortino ratioReturn per unit of downside risk | 2.06 | 3.25 | -1.19 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.43 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.11 | -0.78 |
Martin ratioReturn relative to average drawdown | 5.98 | 14.38 | -8.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
KraneShares MSCI One Belt One Road Index ETF provided a 1.86% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.51 | $0.82 | $0.69 | $1.08 | $0.99 | $0.55 | $1.05 | $0.00 | $0.03 |
Dividend yield | 1.86% | 1.94% | 3.87% | 3.40% | 4.75% | 3.26% | 2.04% | 4.33% | 0.02% | 0.10% |
Monthly Dividends
The table displays the monthly dividend distributions for KraneShares MSCI One Belt One Road 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 | $0.51 | $0.51 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.82 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $1.08 |
| 2021 | $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 |
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 One Belt One Road 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 One Belt One Road Index ETF was 41.54%, occurring on Mar 20, 2020. Recovery took 189 trading sessions.
The current KraneShares MSCI One Belt One Road Index ETF drawdown is 8.01%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.54%Mar 2020 | 2y 1mo | 9mo 2d | 2y 10moJan 2018 - Dec 2020 |
2023 bear market2023 | -34.00%Oct 2023 | 1y 8mo | 2y 2mo | 3y 10moFeb 2022 - Jan 2026 |
2026 correction2026 | -10.47%Mar 2026 | 18d | — | 3mo 3dMar 2026 - now |
2021 pullback2021 | -6.42%Jan 2021 | 7d | 11d | 18dJan 2021 - Feb 2021 |
2026 pullback2026 | -6.21%Feb 2026 | 3d | 23d | 26dJan 2026 - Feb 2026 |
Drawdown Indicators
| OBOR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.54% | -56.78% | +15.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -9.10% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.06% | -18.90% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.00% | -25.43% | -8.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.01% | 0.00% | -8.01% |
Average DrawdownAverage peak-to-trough decline | -15.98% | -10.72% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 1.97% | +2.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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