Correlation
The correlation between ISHP and KGRN is 0.38, 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.
ISHP vs. KGRN
Compare and contrast key facts about First Trust S-Network Global E-Commerce ETF (ISHP) and KraneShares MSCI China Clean Technology Index ETF (KGRN).
ISHP and KGRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISHP is a passively managed fund by First Trust that tracks the performance of the S-Network Global E-Commerce Index. It was launched on Sep 20, 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 ISHP 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISHP or KGRN.
Performance
ISHP vs. KGRN - Performance Comparison
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Key characteristics
ISHP:
1.16
KGRN:
0.57
ISHP:
1.71
KGRN:
1.14
ISHP:
1.23
KGRN:
1.15
ISHP:
1.06
KGRN:
0.37
ISHP:
4.90
KGRN:
1.94
ISHP:
5.36%
KGRN:
12.30%
ISHP:
22.97%
KGRN:
38.04%
ISHP:
-47.57%
KGRN:
-66.37%
ISHP:
-4.83%
KGRN:
-51.35%
Returns By Period
In the year-to-date period, ISHP achieves a 7.20% return, which is significantly lower than KGRN's 13.25% return.
ISHP
7.20%
4.44%
1.91%
26.53%
15.58%
11.64%
N/A
KGRN
13.25%
2.34%
14.96%
23.49%
-9.45%
8.14%
N/A
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ISHP vs. KGRN - Expense Ratio Comparison
ISHP has a 0.60% expense ratio, which is lower than KGRN's 0.79% expense ratio.
Risk-Adjusted Performance
ISHP vs. KGRN — Risk-Adjusted Performance Rank
ISHP
KGRN
ISHP vs. KGRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S-Network Global E-Commerce ETF (ISHP) 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.
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Dividends
ISHP vs. KGRN - Dividend Comparison
ISHP's dividend yield for the trailing twelve months is around 0.95%, less than KGRN's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHP First Trust S-Network Global E-Commerce ETF | 0.95% | 1.02% | 1.58% | 0.76% | 0.52% | 0.82% | 1.16% | 0.89% | 1.64% | 0.23% |
KGRN KraneShares MSCI China Clean Technology Index ETF | 1.31% | 1.49% | 0.74% | 1.60% | 0.41% | 0.01% | 5.88% | 2.04% | 0.00% | 0.00% |
Drawdowns
ISHP vs. KGRN - Drawdown Comparison
The maximum ISHP drawdown since its inception was -47.57%, smaller than the maximum KGRN drawdown of -66.37%. Use the drawdown chart below to compare losses from any high point for ISHP and KGRN.
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Volatility
ISHP vs. KGRN - Volatility Comparison
The current volatility for First Trust S-Network Global E-Commerce ETF (ISHP) is 5.79%, while KraneShares MSCI China Clean Technology Index ETF (KGRN) has a volatility of 7.66%. This indicates that ISHP 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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