CNYA vs. KGRN
Compare and contrast key facts about iShares MSCI China A ETF (CNYA) and KraneShares MSCI China Clean Technology Index ETF (KGRN).
CNYA and KGRN 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. KGRN is a passively managed fund by CICC that tracks the performance of the MSCI China IMI Environment 10/40 Index. It was launched on Oct 13, 2017. Both CNYA and KGRN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CNYA vs. KGRN - Performance Comparison
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CNYA vs. KGRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | -0.93% | 26.48% | 10.78% | -13.76% | -26.51% | 3.53% | 41.54% | 35.95% | -26.56% | 2.28% |
KGRN KraneShares MSCI China Clean Technology Index ETF | 6.26% | 21.45% | -1.11% | -14.75% | -40.45% | 5.91% | 138.49% | 12.12% | -29.32% | -0.37% |
Returns By Period
In the year-to-date period, CNYA achieves a -0.93% return, which is significantly lower than KGRN's 6.26% return.
CNYA
- 1D
- 0.23%
- 1M
- -5.18%
- YTD
- -0.93%
- 6M
- 1.32%
- 1Y
- 25.22%
- 3Y*
- 4.59%
- 5Y*
- -1.42%
- 10Y*
- —
KGRN
- 1D
- 0.23%
- 1M
- 4.75%
- YTD
- 6.26%
- 6M
- -10.52%
- 1Y
- 12.62%
- 3Y*
- 1.14%
- 5Y*
- -6.28%
- 10Y*
- —
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CNYA vs. KGRN - Expense Ratio Comparison
CNYA has a 0.60% expense ratio, which is lower than KGRN's 0.79% expense ratio.
Return for Risk
CNYA vs. KGRN — Risk / Return Rank
CNYA
KGRN
CNYA vs. KGRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) and KraneShares MSCI China Clean Technology Index ETF (KGRN). 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.
| CNYA | KGRN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 0.46 | +0.88 |
Sortino ratioReturn per unit of downside risk | 1.84 | 0.82 | +1.02 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.11 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.15 | 0.73 | +1.42 |
Martin ratioReturn relative to average drawdown | 9.28 | 1.37 | +7.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNYA | KGRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 0.46 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | -0.18 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.09 | +0.14 |
Correlation
The correlation between CNYA and KGRN 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
CNYA vs. KGRN - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 1.93%, more than KGRN's 0.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.93% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
KGRN KraneShares MSCI China Clean Technology Index ETF | 0.80% | 0.85% | 1.49% | 0.74% | 1.98% | 0.41% | 0.01% | 5.88% | 2.04% | 0.00% | 0.00% |
Drawdowns
CNYA vs. KGRN - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, smaller than the maximum KGRN drawdown of -66.24%. Use the drawdown chart below to compare losses from any high point for CNYA and KGRN.
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Drawdown Indicators
| CNYA | KGRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.49% | -66.24% | +16.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -17.26% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -45.11% | -63.60% | +18.49% |
Current DrawdownCurrent decline from peak | -21.52% | -44.36% | +22.84% |
Average DrawdownAverage peak-to-trough decline | -20.77% | -33.73% | +12.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 9.20% | -6.53% |
Volatility
CNYA vs. KGRN - Volatility Comparison
The current volatility for iShares MSCI China A ETF (CNYA) is 4.99%, while KraneShares MSCI China Clean Technology Index ETF (KGRN) has a volatility of 7.19%. This indicates that CNYA experiences smaller price fluctuations and is considered to be less risky than KGRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYA | KGRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 7.19% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 17.57% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.85% | 27.60% | -8.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 34.83% | -11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.60% | 33.05% | -9.45% |