CAAS vs. KBA
CAAS (China Automotive Systems, Inc.) is a stock, while KBA (KraneShares Bosera MSCI China A Share ETF) is China Equities fund tracking the MSCI China A Index. Over the past 10 years, CAAS returned 4.36%/yr vs 9.23%/yr for KBA. Their 0.14 correlation means their historical movements had little consistent relationship.
Performance
CAAS vs. KBA - Performance Comparison
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Returns By Period
In the year-to-date period, CAAS achieves a 5.40% return, which is significantly lower than KBA's 6.21% return. Over the past 10 years, CAAS has underperformed KBA with an annualized return of 4.36%, while KBA has yielded a comparatively higher 9.23% annualized return.
CAAS
- 1D
- -0.44%
- 1M
- 0.45%
- 6M
- 0.00%
- YTD
- 5.40%
- 1Y
- 9.11%
- 3Y*
- 0.61%
- 5Y*
- 6.09%
- 10Y*
- 4.36%
- ALL TIME*
- 0.45%
KBA
- 1D
- -0.88%
- 1M
- 0.24%
- 6M
- 7.78%
- YTD
- 6.21%
- 1Y
- 32.90%
- 3Y*
- 12.04%
- 5Y*
- 6.35%
- 10Y*
- 9.23%
- ALL TIME*
- 9.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.60K | $72.33K | $120.00K | |
| $823.16K | $863.47K | $2.10M |
CAAS vs. KBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAAS China Automotive Systems, Inc. | 5.40% | 3.90% | 52.01% | -44.31% | 116.42% | -57.05% | 98.10% | 29.10% | -49.17% | -10.45% |
KBA KraneShares Bosera MSCI China A Share ETF | 6.21% | 33.88% | 15.73% | -16.77% | -3.49% | 3.17% | 41.62% | 35.44% | -26.28% | 30.69% |
Correlation
The correlation between CAAS and KBA is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2014 | 0.14 |
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Return for Risk
CAAS vs. KBA — Risk / Return Rank
CAAS
KBA
CAAS vs. KBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for China Automotive Systems, Inc. (CAAS) and KraneShares Bosera MSCI China A Share ETF (KBA). 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.
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.
| CAAS | KBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.28 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 3.97 | -3.52 |
| Martin ratioReturn relative to average drawdown | 0.76 | 9.40 | -8.63 |
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Drawdowns
CAAS vs. KBA - Drawdown Comparison
The maximum CAAS drawdown since its inception was -94.04%, which is greater than KBA's maximum drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for CAAS and KBA.
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Drawdown Indicators
| CAAS | KBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.04% | -53.24% | -40.80% |
Max Drawdown (1Y)Largest decline over 1 year | -20.32% | -8.33% | -11.99% |
Max Drawdown (3Y)Largest decline over 3 years | -44.96% | -31.23% | -13.73% |
Max Drawdown (5Y)Largest decline over 5 years | -68.16% | -39.76% | -28.40% |
Max Drawdown (10Y)Largest decline over 10 years | -80.21% | -45.32% | -34.89% |
Current DrawdownCurrent decline from peak | -79.18% | -7.29% | -71.89% |
Average DrawdownAverage peak-to-trough decline | -71.88% | -25.53% | -46.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.95% | 3.51% | +8.44% |
Volatility
CAAS vs. KBA - Volatility Comparison
The current volatility for China Automotive Systems, Inc. (CAAS) is 6.89%, while KraneShares Bosera MSCI China A Share ETF (KBA) has a volatility of 7.91%. This indicates that CAAS experiences smaller price fluctuations and is considered to be less risky than KBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAAS | KBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.89% | 7.91% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 17.62% | 16.42% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.69% | 20.87% | +9.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.35% | 27.34% | +28.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.41% | 25.51% | +56.90% |
Dividends
CAAS vs. KBA - Dividend Comparison
CAAS has not paid dividends to shareholders, while KBA's dividend yield for the trailing twelve months is around 1.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAAS China Automotive Systems, Inc. | 0.00% | 0.00% | 19.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBA KraneShares Bosera MSCI China A Share ETF | 1.47% | 1.56% | 2.18% | 2.34% | 49.05% | 9.07% | 0.65% | 1.53% | 3.77% | 1.46% | 6.62% | 29.08% |
Frequently Asked Questions
CAAS and KBA have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBA has higher volatility (7.91%) compared to CAAS (6.89%). In terms of maximum drawdown, CAAS dropped -94.04% vs KBA's -53.24%.
KBA currently has the higher Sharpe Ratio (1.59 vs 0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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