CNYA vs. KBA
Compare and contrast key facts about iShares MSCI China A ETF (CNYA) and KraneShares Bosera MSCI China A Share ETF (KBA).
CNYA and KBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. KBA is a passively managed fund by CICC that tracks the performance of the MSCI China A Index. It was launched on Mar 5, 2014. Both CNYA and KBA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNYA or KBA.
Performance
CNYA vs. KBA - Performance Comparison
Returns By Period
In the year-to-date period, CNYA achieves a 13.42% return, which is significantly lower than KBA's 17.82% return.
CNYA
13.42%
-0.78%
6.65%
10.29%
2.14%
N/A
KBA
17.82%
-4.43%
5.67%
14.71%
2.35%
3.29%
Key characteristics
| CNYA | KBA | |
|---|---|---|
| Sharpe Ratio | 0.30 | 0.56 |
| Sortino Ratio | 0.66 | 1.02 |
| Omega Ratio | 1.10 | 1.15 |
| Calmar Ratio | 0.19 | 0.32 |
| Martin Ratio | 0.99 | 1.91 |
| Ulcer Index | 9.53% | 8.27% |
| Daily Std Dev | 31.78% | 28.43% |
| Max Drawdown | -49.49% | -53.24% |
| Current Drawdown | -35.88% | -35.03% |
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CNYA vs. KBA - Expense Ratio Comparison
Both CNYA and KBA have an expense ratio of 0.60%.
Correlation
The correlation between CNYA and KBA is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CNYA vs. KBA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) 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.
Dividends
CNYA vs. KBA - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 3.79%, more than KBA's 1.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 3.79% | 4.23% | 2.69% | 1.11% | 1.05% | 1.21% | 3.92% | 0.98% | 1.38% | 0.00% | 0.00% |
KBA KraneShares Bosera MSCI China A Share ETF | 1.99% | 2.34% | 26.65% | 9.06% | 0.65% | 1.53% | 3.77% | 1.00% | 4.90% | 29.08% | 0.11% |
Drawdowns
CNYA vs. KBA - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, smaller than the maximum KBA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for CNYA and KBA. For additional features, visit the drawdowns tool.
Volatility
CNYA vs. KBA - Volatility Comparison
iShares MSCI China A ETF (CNYA) has a higher volatility of 10.21% compared to KraneShares Bosera MSCI China A Share ETF (KBA) at 9.62%. This indicates that CNYA's price experiences larger fluctuations and is considered to be riskier than KBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.