KARP.L vs. KWBP.L
KARP.L (KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD) and KWBP.L (KraneShares CSI China Internet UCITS ETF GBP) 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 1.70%/yr for KWBP.L. A 0.60 correlation means they provide meaningful diversification when combined. KARP.L charges 0.72%/yr vs 0.75%/yr for KWBP.L.
Performance
KARP.L vs. KWBP.L - Performance Comparison
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Returns By Period
In the year-to-date period, KARP.L achieves a 15.05% return, which is significantly higher than KWBP.L's -19.81% return.
KARP.L
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 15.05%
- 6M
- 16.63%
- 1Y
- 68.60%
- 3Y*
- 2.82%
- 5Y*
- —
- 10Y*
- —
KWBP.L
- 1D
- -3.78%
- 1M
- -2.99%
- YTD
- -19.81%
- 6M
- -22.21%
- 1Y
- -11.69%
- 3Y*
- 1.70%
- 5Y*
- -12.74%
- 10Y*
- —
KARP.L vs. KWBP.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% |
KWBP.L KraneShares CSI China Internet UCITS ETF GBP | -19.81% | 16.32% | 15.36% | -14.43% | -1.22% |
Correlation
The correlation between KARP.L and KWBP.L is 0.54, 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 | 0.54 |
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 KWBP.L has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
KARP.L vs. KWBP.L — Risk / Return Rank
KARP.L
KWBP.L
KARP.L vs. KWBP.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 GBP (KWBP.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 | KWBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.71 | ||
| Sortino ratioReturn per unit of downside risk | +4.47 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 0.94 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 7.27 | -0.34 | +7.60 |
| Martin ratioReturn relative to average drawdown | 20.63 | -0.70 | +21.33 |
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 | KWBP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.25 | -0.47 | +3.71 |
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 | -0.29 | +0.14 |
Drawdowns
KARP.L vs. KWBP.L - Drawdown Comparison
The maximum KARP.L drawdown since its inception was -56.63%, smaller than the maximum KWBP.L drawdown of -76.46%. Use the drawdown chart below to compare losses from any high point for KARP.L and KWBP.L.
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Drawdown Indicators
| KARP.L | KWBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.63% | -76.46% | +19.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.76% | -34.52% | +24.76% |
Max Drawdown (3Y)Largest decline over 3 years | -46.94% | -34.52% | -12.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -65.41% | — |
Current DrawdownCurrent decline from peak | -19.90% | -66.46% | +46.56% |
Average DrawdownAverage peak-to-trough decline | -34.89% | -56.28% | +21.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 16.77% | -13.33% |
Volatility
KARP.L vs. KWBP.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 GBP (KWBP.L) has a volatility of 10.77%. This indicates that KARP.L experiences smaller price fluctuations and is considered to be less risky than KWBP.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 | KWBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 10.77% | -10.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.98% | 18.38% | -5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.92% | 24.82% | -2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.63% | 44.54% | -19.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.63% | 43.49% | -18.86% |
KARP.L vs. KWBP.L - Expense Ratio Comparison
KARP.L has a 0.72% expense ratio, which is lower than KWBP.L's 0.75% expense ratio.
Dividends
KARP.L vs. KWBP.L - Dividend Comparison
Neither KARP.L nor KWBP.L has paid dividends to shareholders.
Frequently Asked Questions
KARP.L and KWBP.L have a correlation of 0.54, 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 KWBP.L.
Both ETFs track MSCI World/Information Tech NR USD. Their fees differ too: 0.72% for KARP.L and 0.75% for KWBP.L.
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