CAS vs. KBA

Last updated Jun 4, 2026

CAS (Simplify China A Shares PLUS Income ETF) and KBA (KraneShares Bosera MSCI China A Share ETF) are both China Equities funds. CAS is actively managed, while KBA is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. CAS charges 0.88%/yr vs 0.60%/yr for KBA.

Performance

CAS vs. KBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify China A Shares PLUS Income ETF (CAS) and KraneShares Bosera MSCI China A Share ETF (KBA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAS

• 1D: -0.49%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KBA

• 1D: 0.14%
• 1M: 4.32%
• YTD: 12.62%
• 6M: 16.80%
• 1Y: 49.12%
• 3Y*: 16.22%
• 5Y*: 6.46%
• 10Y*: 10.15%

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

CAS vs. KBA - Yearly Performance Comparison

	2026 (YTD)
CAS Simplify China A Shares PLUS Income ETF	-1.66%
KBA KraneShares Bosera MSCI China A Share ETF	1.25%

Correlation

The correlation between CAS and KBA is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

CAS vs. KBA - Sectors Allocation Comparison

Sectors	CAS	KBA
Financial Services	43.4%	18.5%
Basic Materials	-	10.9%
Communication Services	-	1.6%
Consumer Cyclical	-	5.7%
Consumer Defensive	-	6.8%
Energy	-	3.2%
Healthcare	-	4.1%
Industrials	-	15.8%
Real Estate	-	0.6%
Technology	-	29.8%
Utilities	-	3.2%

Return for Risk

CAS vs. KBA — Risk / Return Rank

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

KBA

KBA Risk / Return Rank: 85
KBA Sharpe Ratio Rank: 84
KBA Sortino Ratio Rank: 84
KBA Omega Ratio Rank: 83
KBA Calmar Ratio Rank: 93
KBA Martin Ratio Rank: 84

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.

CAS vs. KBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CAS	KBA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-3.61	0.35	-3.96

Drawdowns

CAS vs. KBA - Drawdown Comparison

The maximum CAS drawdown since its inception was -2.59%, smaller than the maximum KBA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for CAS and KBA.

Drawdown Indicators

	CAS	KBA	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	-53.24%	+50.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.32%	—
Current Drawdown Current decline from peak	-1.66%	-1.25%	-0.41%
Average Drawdown Average peak-to-trough decline	-1.72%	-25.81%	+24.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.85%	—

Volatility

Volatility by Period

	CAS	KBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.83%	17.65%	+3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	27.20%	-6.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.83%	25.32%	-4.49%

CAS vs. KBA - Expense Ratio Comparison

CAS has a 0.88% expense ratio, which is higher than KBA's 0.60% expense ratio.

Dividends

CAS vs. KBA - Dividend Comparison

CAS has not paid dividends to shareholders, while KBA's dividend yield for the trailing twelve months is around 1.39%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAS Simplify China A Shares PLUS Income ETF	0.00%	0.00%	0.00%	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	1.39%	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

Can I hold both CAS and KBA in my portfolio?

CAS and KBA have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAS or KBA?

On fees, KBA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAS or KBA?

KBA is cheaper with a 0.60% expense ratio, compared with 0.88% for CAS.

Which ETF pays a higher dividend yield, CAS or KBA?

KBA has the higher dividend yield at 1.39%, compared with 0.00% for CAS.

What is the main difference between CAS and KBA?

They also come from different issuers: Simplify and CICC. Their fees differ too: 0.88% for CAS and 0.60% for KBA.