Correlation
The correlation between CGRO and KTEC is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
CGRO vs. KTEC
Compare and contrast key facts about CoreValues Alpha Greater China Growth ETF (CGRO) and KraneShares Hang Seng TECH Index ETF (KTEC).
CGRO and KTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGRO is an actively managed fund by CoreValues Alpha. It was launched on Oct 2, 2023. KTEC is a passively managed fund by KraneShares that tracks the performance of the Hang Seng Tech Index. It was launched on Jun 8, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGRO or KTEC.
Performance
CGRO vs. KTEC - Performance Comparison
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Key characteristics
CGRO:
0.68
KTEC:
0.67
CGRO:
1.28
KTEC:
1.21
CGRO:
1.17
KTEC:
1.15
CGRO:
1.15
KTEC:
0.49
CGRO:
2.29
KTEC:
2.17
CGRO:
12.43%
KTEC:
13.35%
CGRO:
38.74%
KTEC:
43.17%
CGRO:
-24.69%
KTEC:
-66.90%
CGRO:
-10.77%
KTEC:
-40.12%
Returns By Period
In the year-to-date period, CGRO achieves a 10.58% return, which is significantly lower than KTEC's 14.81% return.
CGRO
10.58%
0.88%
14.88%
23.10%
N/A
N/A
N/A
KTEC
14.81%
0.26%
14.18%
28.58%
4.89%
N/A
N/A
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CGRO vs. KTEC - Expense Ratio Comparison
CGRO has a 0.75% expense ratio, which is higher than KTEC's 0.69% expense ratio.
Risk-Adjusted Performance
CGRO vs. KTEC — Risk-Adjusted Performance Rank
CGRO
KTEC
CGRO vs. KTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreValues Alpha Greater China Growth ETF (CGRO) and KraneShares Hang Seng TECH Index ETF (KTEC). 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.
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Dividends
CGRO vs. KTEC - Dividend Comparison
CGRO's dividend yield for the trailing twelve months is around 2.23%, more than KTEC's 0.23% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CGRO CoreValues Alpha Greater China Growth ETF | 2.23% | 2.47% | 0.21% | 0.00% |
KTEC KraneShares Hang Seng TECH Index ETF | 0.23% | 0.27% | 0.81% | 0.16% |
Drawdowns
CGRO vs. KTEC - Drawdown Comparison
The maximum CGRO drawdown since its inception was -24.69%, smaller than the maximum KTEC drawdown of -66.90%. Use the drawdown chart below to compare losses from any high point for CGRO and KTEC.
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Volatility
CGRO vs. KTEC - Volatility Comparison
The current volatility for CoreValues Alpha Greater China Growth ETF (CGRO) is 7.81%, while KraneShares Hang Seng TECH Index ETF (KTEC) has a volatility of 9.79%. This indicates that CGRO experiences smaller price fluctuations and is considered to be less risky than KTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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