KARP.L vs. KWBE.L
KARP.L (KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD) and KWBE.L (KraneShares CSI China Internet UCITS ETF EUR) are both Technology Equities funds from Waystone Management tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, KARP.L returned 2.82%/yr vs 2.03%/yr for KWBE.L. A 0.60 correlation means they provide meaningful diversification when combined. KARP.L charges 0.72%/yr vs 0.75%/yr for KWBE.L.
Performance
KARP.L vs. KWBE.L - Performance Comparison
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Different Trading Currencies
KARP.L is traded in GBP, while KWBE.L is traded in EUR. To make them comparable, the KWBE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, KARP.L achieves a 15.05% return, which is significantly higher than KWBE.L's -20.16% return.
KARP.L
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 15.05%
- 6M
- 15.99%
- 1Y
- 66.56%
- 3Y*
- 2.82%
- 5Y*
- —
- 10Y*
- —
KWBE.L
- 1D
- -0.35%
- 1M
- -3.84%
- YTD
- -20.16%
- 6M
- -22.79%
- 1Y
- -14.02%
- 3Y*
- 2.03%
- 5Y*
- -12.94%
- 10Y*
- —
KARP.L vs. KWBE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KARP.L KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD | 15.05% | 33.35% | -17.39% | -12.26% | -21.62% |
KWBE.L KraneShares CSI China Internet UCITS ETF EUR | -20.16% | 16.79% | 14.83% | -14.93% | -0.28% |
Correlation
The correlation between KARP.L and KWBE.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.60 |
The correlation between KARP.L and KWBE.L has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
KARP.L vs. KWBE.L — Risk / Return Rank
KARP.L
KWBE.L
KARP.L vs. KWBE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.L) and KraneShares CSI China Internet UCITS ETF EUR (KWBE.L). 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.
| KARP.L | KWBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.69 | ||
| Sortino ratioReturn per unit of downside risk | +4.50 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 0.93 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 6.99 | -0.40 | +7.40 |
| Martin ratioReturn relative to average drawdown | 19.86 | -0.83 | +20.69 |
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
| KARP.L | KWBE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | -0.56 | +3.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | -0.30 | +0.15 |
Drawdowns
KARP.L vs. KWBE.L - Drawdown Comparison
The maximum KARP.L drawdown since its inception was -56.63%, smaller than the maximum KWBE.L drawdown of -76.51%. Use the drawdown chart below to compare losses from any high point for KARP.L and KWBE.L.
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Drawdown Indicators
| KARP.L | KWBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.63% | -76.51% | +19.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.76% | -34.71% | +24.95% |
Max Drawdown (3Y)Largest decline over 3 years | -46.94% | -34.71% | -12.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -64.62% | — |
Current DrawdownCurrent decline from peak | -19.90% | -66.93% | +47.03% |
Average DrawdownAverage peak-to-trough decline | -34.88% | -60.47% | +25.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 16.87% | -13.43% |
Volatility
KARP.L vs. KWBE.L - Volatility Comparison
The current volatility for KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.L) is 0.00%, while KraneShares CSI China Internet UCITS ETF EUR (KWBE.L) has a volatility of 11.35%. This indicates that KARP.L experiences smaller price fluctuations and is considered to be less risky than KWBE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KARP.L | KWBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 11.35% | -11.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 18.80% | -5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 25.17% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 44.83% | -20.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 45.43% | -20.82% |
KARP.L vs. KWBE.L - Expense Ratio Comparison
KARP.L has a 0.72% expense ratio, which is lower than KWBE.L's 0.75% expense ratio.
Dividends
KARP.L vs. KWBE.L - Dividend Comparison
Neither KARP.L nor KWBE.L has paid dividends to shareholders.
Frequently Asked Questions
KARP.L and KWBE.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KARP.L is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KARP.L is cheaper with a 0.72% expense ratio, compared with 0.75% for KWBE.L.
Both ETFs track MSCI World/Information Tech NR USD. Their fees differ too: 0.72% for KARP.L and 0.75% for KWBE.L.
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