KALL vs. KGRN
Compare and contrast key facts about KraneShares MSCI All China Index ETF (KALL) and KraneShares MSCI China Clean Technology Index ETF (KGRN).
KALL and KGRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KALL is a passively managed fund by CICC that tracks the performance of the MSCI China All Shares. It was launched on Feb 13, 2015. 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 KALL 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: KALL or KGRN.
Key characteristics
| KALL | KGRN | |
|---|---|---|
| YTD Return | 16.75% | -1.33% |
| 1Y Return | 14.26% | -3.98% |
| 3Y Return (Ann) | -9.74% | -22.77% |
| 5Y Return (Ann) | -0.48% | 7.08% |
| Sharpe Ratio | 0.49 | -0.09 |
| Sortino Ratio | 0.92 | 0.13 |
| Omega Ratio | 1.13 | 1.02 |
| Calmar Ratio | 0.27 | -0.05 |
| Martin Ratio | 1.57 | -0.18 |
| Ulcer Index | 9.68% | 18.14% |
| Daily Std Dev | 30.86% | 36.43% |
| Max Drawdown | -56.32% | -66.36% |
| Current Drawdown | -43.08% | -57.14% |
Correlation
The correlation between KALL and KGRN is 0.69, 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.
Performance
KALL vs. KGRN - Performance Comparison
In the year-to-date period, KALL achieves a 16.75% return, which is significantly higher than KGRN's -1.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
KALL vs. KGRN - Expense Ratio Comparison
KALL has a 0.49% expense ratio, which is lower than KGRN's 0.79% expense ratio.
Risk-Adjusted Performance
KALL vs. KGRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Index ETF (KALL) 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.
Dividends
KALL vs. KGRN - Dividend Comparison
KALL's dividend yield for the trailing twelve months is around 2.89%, more than KGRN's 0.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
KALL KraneShares MSCI All China Index ETF | 2.89% | 3.37% | 2.28% | 4.63% | 1.01% | 1.45% | 2.06% | 1.21% | 6.62% | 0.56% |
KGRN KraneShares MSCI China Clean Technology Index ETF | 0.75% | 0.74% | 1.60% | 0.41% | 0.01% | 5.88% | 2.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
KALL vs. KGRN - Drawdown Comparison
The maximum KALL drawdown since its inception was -56.32%, smaller than the maximum KGRN drawdown of -66.36%. Use the drawdown chart below to compare losses from any high point for KALL and KGRN. For additional features, visit the drawdowns tool.
Volatility
KALL vs. KGRN - Volatility Comparison
The current volatility for KraneShares MSCI All China Index ETF (KALL) is 12.05%, while KraneShares MSCI China Clean Technology Index ETF (KGRN) has a volatility of 14.55%. This indicates that KALL 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.