EPOL vs. KTEC

Last updated Jun 13, 2026

EPOL (iShares MSCI Poland ETF) and KTEC (KraneShares Hang Seng TECH Index ETF) are both exchange-traded funds - EPOL is a Europe Equities fund tracking the MSCI Poland Investable Market Index, while KTEC is a China Equities fund tracking the Hang Seng Tech Index. Both are passively managed. Over the past 5 years, EPOL returned 17.10%/yr vs -11.24%/yr for KTEC. At a 0.38 correlation, their price movements are largely independent. EPOL charges 0.61%/yr vs 0.69%/yr for KTEC.

Performance

EPOL vs. KTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Poland ETF (EPOL) and KraneShares Hang Seng TECH Index ETF (KTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPOL achieves a 16.37% return, which is significantly higher than KTEC's -16.16% return.

EPOL

• 1D: 0.96%
• 1M: 3.49%
• YTD: 16.37%
• 6M: 20.25%
• 1Y: 40.61%
• 3Y*: 36.58%
• 5Y*: 17.10%
• 10Y*: 12.21%

KTEC

• 1D: -0.68%
• 1M: -11.70%
• YTD: -16.16%
• 6M: -17.79%
• 1Y: -16.98%
• 3Y*: 3.50%
• 5Y*: -11.24%
• 10Y*: —

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

EPOL vs. KTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EPOL iShares MSCI Poland ETF	16.37%	77.34%	-2.61%	50.70%	-24.62%	-5.86%
KTEC KraneShares Hang Seng TECH Index ETF	-16.16%	21.01%	16.13%	-10.41%	-26.12%	-29.98%

Correlation

The correlation between EPOL and KTEC is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021	0.38

EPOL vs. KTEC - Sectors Allocation Comparison

Sectors	EPOL	KTEC
Financial Services	45.6%	-
Energy	14.6%	-
Consumer Cyclical	12.4%	48.6%
Basic Materials	6.6%	-
Communication Services	6.3%	27.6%
Consumer Defensive	5.5%	-
Utilities	5.1%	-
Technology	1.9%	21.3%
Industrials	1.7%	-
Healthcare	0.3%	2.5%
Real Estate	-	-

Return for Risk

EPOL vs. KTEC — Risk / Return Rank

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

EPOL

EPOL Risk / Return Rank: 63
EPOL Sharpe Ratio Rank: 59
EPOL Sortino Ratio Rank: 60
EPOL Omega Ratio Rank: 53
EPOL Calmar Ratio Rank: 81
EPOL Martin Ratio Rank: 64

KTEC

KTEC Risk / Return Rank: 5
KTEC Sharpe Ratio Rank: 5
KTEC Sortino Ratio Rank: 4
KTEC Omega Ratio Rank: 5
KTEC Calmar Ratio Rank: 5
KTEC Martin Ratio Rank: 5

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.

EPOL vs. KTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland ETF (EPOL) 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.

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.

	EPOL	KTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.73	-0.61	+2.34
Sortino ratio: Return per unit of downside risk	2.43	-0.75	+3.18
Omega ratio: Gain probability vs. loss probability	1.29	0.92	+0.37
Calmar ratio: Return relative to maximum drawdown	3.69	-0.56	+4.25
Martin ratio: Return relative to average drawdown	10.10	-1.00	+11.11

EPOL vs. KTEC - Sharpe Ratio Comparison

The current EPOL Sharpe Ratio is 1.73, which is higher than the KTEC Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of EPOL and KTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPOL vs. KTEC - Drawdown Comparison

The maximum EPOL drawdown since its inception was -63.72%, roughly equal to the maximum KTEC drawdown of -66.90%. Use the drawdown chart below to compare losses from any high point for EPOL and KTEC.

Drawdown Indicators

	EPOL	KTEC	Difference
Max Drawdown Largest peak-to-trough decline	-63.72%	-66.90%	+3.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-30.47%	+19.43%
Max Drawdown (3Y) Largest decline over 3 years	-21.81%	-34.71%	+12.90%
Max Drawdown (5Y) Largest decline over 5 years	-54.21%	-66.90%	+12.69%
Max Drawdown (10Y) Largest decline over 10 years	-61.41%	—	—
Current Drawdown Current decline from peak	0.00%	-47.09%	+47.09%
Average Drawdown Average peak-to-trough decline	-26.85%	-43.95%	+17.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	16.97%	-12.93%

Volatility

EPOL vs. KTEC - Volatility Comparison

The current volatility for iShares MSCI Poland ETF (EPOL) is 8.08%, while KraneShares Hang Seng TECH Index ETF (KTEC) has a volatility of 9.07%. This indicates that EPOL 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.

Volatility by Period

	EPOL	KTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.08%	9.07%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	18.16%	20.61%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	23.57%	28.01%	-4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.14%	43.16%	-14.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.66%	43.11%	-15.45%

EPOL vs. KTEC - Expense Ratio Comparison

EPOL has a 0.61% expense ratio, which is lower than KTEC's 0.69% expense ratio.

Dividends

EPOL vs. KTEC - Dividend Comparison

EPOL's dividend yield for the trailing twelve months is around 4.11%, more than KTEC's 4.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPOL iShares MSCI Poland ETF	4.11%	4.78%	6.04%	2.87%	2.65%	1.33%	1.44%	2.51%	1.44%	1.88%	2.14%	2.53%
KTEC KraneShares Hang Seng TECH Index ETF	4.00%	3.36%	0.27%	0.81%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPOL and KTEC in my portfolio?

EPOL and KTEC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPOL or KTEC?

KTEC has higher volatility (9.07%) compared to EPOL (8.08%). In terms of maximum drawdown, EPOL dropped -63.72% vs KTEC's -66.90%.

Which ETF is better, EPOL or KTEC?

On 5-year performance, EPOL leads with 17.10% vs -11.24% for KTEC. On fees, EPOL is cheaper at 0.61% per year. On volatility, EPOL has been the lower-risk option at 8.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPOL or KTEC?

Over the 5-year period, EPOL has performed better with a 17.10% return vs -11.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPOL or KTEC?

EPOL is cheaper with a 0.61% expense ratio, compared with 0.69% for KTEC.

Which ETF pays a higher dividend yield, EPOL or KTEC?

EPOL has the higher dividend yield at 4.11%, compared with 4.00% for KTEC.

What is the main difference between EPOL and KTEC?

EPOL is categorized as Europe Equities, while KTEC is China Equities. EPOL tracks MSCI Poland Investable Market Index, while KTEC tracks Hang Seng Tech Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.61% for EPOL and 0.69% for KTEC.

Which has better risk-adjusted returns?

EPOL currently has the higher Sharpe Ratio (1.73 vs -0.61), 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.