ISVBF vs. KGRN
ISVBF (iShares MSCI China A UCITS ETF) and KGRN (KraneShares MSCI China Clean Technology Index ETF) are both China Equities funds - ISVBF tracks the MSCI China A Inclusion Index while KGRN tracks the MSCI China IMI Environment 10/40 Index. Both are passively managed. Over the past 5 years, ISVBF returned -5.34%/yr vs -11.43%/yr for KGRN. At a 0.30 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.79%/yr for KGRN.
Performance
ISVBF vs. KGRN - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -8.71% return, which is significantly higher than KGRN's -12.09% return.
ISVBF
- 1D
- 1.84%
- 1M
- -1.17%
- 6M
- -13.00%
- YTD
- -8.71%
- 1Y
- -1.01%
- 3Y*
- 8.64%
- 5Y*
- -5.34%
- 10Y*
- —
KGRN
- 1D
- 1.16%
- 1M
- -7.68%
- 6M
- -15.14%
- YTD
- -12.09%
- 1Y
- -13.95%
- 3Y*
- -4.28%
- 5Y*
- -11.43%
- 10Y*
- —
ISVBF vs. KGRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -8.71% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
KGRN KraneShares MSCI China Clean Technology Index ETF | -12.09% | 21.45% | -1.11% | -14.75% | -40.45% | 18.46% |
Correlation
The correlation between ISVBF and KGRN is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.30 |
Over the past year, ISVBF and KGRN have become more correlated (0.56) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
ISVBF vs. KGRN — Risk / Return Rank
ISVBF
KGRN
ISVBF vs. KGRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) 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.
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.
| ISVBF | KGRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.92 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.49 | +0.45 |
| Martin ratioReturn relative to average drawdown | -0.10 | -1.08 | +0.98 |
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Drawdowns
ISVBF vs. KGRN - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum KGRN drawdown of -66.24%. Use the drawdown chart below to compare losses from any high point for ISVBF and KGRN.
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Drawdown Indicators
| ISVBF | KGRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -66.24% | +12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -24.14% | -28.36% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -24.14% | -42.19% | +18.05% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -63.60% | +11.09% |
Current DrawdownCurrent decline from peak | -26.01% | -53.97% | +27.96% |
Average DrawdownAverage peak-to-trough decline | -32.64% | -34.17% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 12.98% | -2.49% |
Volatility
ISVBF vs. KGRN - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 7.72% compared to KraneShares MSCI China Clean Technology Index ETF (KGRN) at 6.03%. This indicates that ISVBF's price experiences larger fluctuations and is considered to be riskier 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
| ISVBF | KGRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.72% | 6.03% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 27.02% | 15.44% | +11.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.48% | 23.67% | +7.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.46% | 34.61% | -4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.13% | 32.75% | -2.62% |
ISVBF vs. KGRN - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than KGRN's 0.79% expense ratio.
Dividends
ISVBF vs. KGRN - Dividend Comparison
ISVBF has not paid dividends to shareholders, while KGRN's dividend yield for the trailing twelve months is around 0.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KGRN KraneShares MSCI China Clean Technology Index ETF | 0.97% | 0.85% | 1.49% | 0.74% | 1.98% | 0.41% | 0.01% | 5.88% | 2.04% |
Frequently Asked Questions
ISVBF and KGRN have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (7.72%) compared to KGRN (6.03%). In terms of maximum drawdown, ISVBF dropped -53.78% vs KGRN's -66.24%.
On 5-year performance, ISVBF leads with -5.34% vs -11.43% for KGRN. On fees, ISVBF is cheaper at 0.40% per year. On volatility, KGRN has been the lower-risk option at 6.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -5.34% return vs -11.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.79% for KGRN.
KGRN has the higher dividend yield at 0.97%, compared with 0.00% for ISVBF.
ISVBF tracks MSCI China A Inclusion Index, while KGRN tracks MSCI China IMI Environment 10/40 Index. They also come from different issuers: iShares and CICC. Their fees differ too: 0.40% for ISVBF and 0.79% for KGRN.
ISVBF currently has the higher Sharpe Ratio (-0.03 vs -0.59), 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.
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