BINV vs. KEMX

Last updated Apr 2, 2026

Compare and contrast key facts about Brandes International ETF (BINV) and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX).

BINV and KEMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BINV is an actively managed fund by Brandes. It was launched on Oct 3, 2023. KEMX is a passively managed fund by CICC that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Apr 12, 2019.

Performance

BINV vs. KEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes International ETF (BINV) and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX). The values are adjusted to include any dividend payments, if applicable.

BINV vs. KEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BINV Brandes International ETF	3.47%	37.84%	7.71%	12.66%
KEMX KraneShares MSCI Emerging Markets ex China Index ETF	10.61%	38.28%	0.36%	14.55%

Returns By Period

In the year-to-date period, BINV achieves a 3.47% return, which is significantly lower than KEMX's 10.61% return.

BINV

• 1D: 0.75%
• 1M: -4.67%
• YTD: 3.47%
• 6M: 8.31%
• 1Y: 28.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KEMX

• 1D: 1.15%
• 1M: -8.33%
• YTD: 10.61%
• 6M: 21.39%
• 1Y: 51.35%
• 3Y*: 20.78%
• 5Y*: 9.30%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BINV vs. KEMX - Expense Ratio Comparison

BINV has a 0.70% expense ratio, which is higher than KEMX's 0.25% expense ratio.

BINV

Brandes International ETF

KEMX

KraneShares MSCI Emerging Markets ex China Index ETF

Return for Risk

BINV vs. KEMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BINV

BINV Risk / Return Rank: 83
BINV Sharpe Ratio Rank: 83
BINV Sortino Ratio Rank: 85
BINV Omega Ratio Rank: 83
BINV Calmar Ratio Rank: 82
BINV Martin Ratio Rank: 82

KEMX

KEMX Risk / Return Rank: 93
KEMX Sharpe Ratio Rank: 94
KEMX Sortino Ratio Rank: 94
KEMX Omega Ratio Rank: 94
KEMX Calmar Ratio Rank: 91
KEMX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BINV vs. KEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes International ETF (BINV) and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BINV	KEMX	Difference
Sharpe ratio Return per unit of total volatility	1.67	2.41	-0.74
Sortino ratio Return per unit of downside risk	2.35	3.05	-0.70
Omega ratio Gain probability vs. loss probability	1.34	1.45	-0.11
Calmar ratio Return relative to maximum drawdown	2.50	3.39	-0.89
Martin ratio Return relative to average drawdown	9.74	13.94	-4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BINV vs. KEMX - Sharpe Ratio Comparison

The current BINV Sharpe Ratio is 1.67, which is lower than the KEMX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of BINV and KEMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BINV	KEMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	2.41	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	0.51	+1.18

Correlation

The correlation between BINV and KEMX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BINV vs. KEMX - Dividend Comparison

BINV's dividend yield for the trailing twelve months is around 2.12%, less than KEMX's 2.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
BINV Brandes International ETF	2.12%	2.23%	2.40%	0.28%	0.00%	0.00%	0.00%	0.00%
KEMX KraneShares MSCI Emerging Markets ex China Index ETF	2.97%	3.28%	3.39%	2.00%	4.10%	4.79%	1.69%	2.77%

Drawdowns

BINV vs. KEMX - Drawdown Comparison

The maximum BINV drawdown since its inception was -14.91%, smaller than the maximum KEMX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for BINV and KEMX.

Drawdown Indicators

	BINV	KEMX	Difference
Max Drawdown Largest peak-to-trough decline	-14.91%	-38.80%	+23.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-15.36%	+3.86%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.85%	—
Current Drawdown Current decline from peak	-7.08%	-10.66%	+3.58%
Average Drawdown Average peak-to-trough decline	-2.29%	-9.02%	+6.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.73%	-0.78%

Volatility

BINV vs. KEMX - Volatility Comparison

The current volatility for Brandes International ETF (BINV) is 6.20%, while KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) has a volatility of 11.42%. This indicates that BINV experiences smaller price fluctuations and is considered to be less risky than KEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BINV	KEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	11.42%	-5.22%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	16.99%	-6.91%
Volatility (1Y) Calculated over the trailing 1-year period	17.39%	21.41%	-4.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.68%	17.56%	-2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.68%	20.61%	-5.93%