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KARS vs. EEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KARS vs. EEM

Last updated Aug 2, 2026
Documentation

KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) and EEM (iShares MSCI Emerging Markets ETF) are both exchange-traded funds - KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index, while EEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index (Net). Both are passively managed. Over the past 5 years, KARS returned -7.36%/yr vs 6.91%/yr for EEM. Their 0.74 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.72% expense ratio.

Performance

KARS vs. EEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and iShares MSCI Emerging Markets ETF (EEM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KARS achieves a -3.13% return, which is significantly lower than EEM's 17.75% return.

KARS

1D
-0.95%
1M
-5.58%
6M
-5.36%
YTD
-3.13%
1Y
25.51%
3Y*
-3.57%
5Y*
-7.36%
10Y*
—
ALL TIME*
3.49%

EEM

1D
0.79%
1M
-2.45%
6M
9.01%
YTD
17.75%
1Y
35.57%
3Y*
18.45%
5Y*
6.91%
10Y*
8.32%
ALL TIME*
9.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EEM

iShares MSCI Emerging Markets ETF
$1.56B$1.60B$1.90B

KARS

KraneShares Electric Vehicles and Future Mobility Index ETF
$357.33K$457.30K$1.09M

KARS vs. EEM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
KARS
KraneShares Electric Vehicles and Future Mobility Index ETF		-3.13%46.04%-17.88%-7.85%-39.20%24.11%71.17%34.66%-28.04%
EEM
iShares MSCI Emerging Markets ETF		17.75%33.98%6.49%8.95%-20.56%-3.63%17.02%18.22%-20.24%

Correlation

The correlation between KARS and EEM is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.71

Correlation (3Y)
Balances recent behavior with more history.

0.71

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.74

Correlation (All Time)
Calculated using the full available price history since Jan 19, 2018

0.74

The correlation between KARS and EEM has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.

KARS vs. EEM - Sectors Allocation Comparison

Sectors
KARS
EEM

Consumer Cyclical

35.9%
7.4%

Basic Materials

25.4%
5.4%

Industrials

20.7%
6.2%

Technology

18.0%
45.9%

Communication Services

-

6.0%

Consumer Defensive

-

2.5%

Energy

-

3.2%

Financial Services

-

18.2%

Healthcare

-

2.5%

Real Estate

-

1.0%

Utilities

-

1.8%

Consumer Cyclical

KARS
35.9%
EEM
7.4%

Basic Materials

KARS
25.4%
EEM
5.4%

Industrials

KARS
20.7%
EEM
6.2%

Technology

KARS
18.0%
EEM
45.9%

Communication Services

KARS

-

EEM
6.0%

Consumer Defensive

KARS

-

EEM
2.5%

Energy

KARS

-

EEM
3.2%

Financial Services

KARS

-

EEM
18.2%

Healthcare

KARS

-

EEM
2.5%

Real Estate

KARS

-

EEM
1.0%

Utilities

KARS

-

EEM
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

KraneShares Electric Vehicles and Future Mobility Index ETF

iShares MSCI Emerging Markets ETF

Often compared with KARS:
KARS vs. DRIVKARS vs. IDRVKARS vs. HAILKARS vs. KGRNKARS vs. KWEBKARS vs. MOTOKARS vs. WULF
Often compared with EEM:
EEM vs. VWOEEM vs. SPYEEM vs. IEMGEEM vs. VXUSEEM vs. IS3N.DEEEM vs. EEMSEEM vs. SPEM

Return for Risk

KARS vs. EEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
KARS
KARS Risk / Return Rank: 3434
Overall Rank
KARS Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
KARS Sortino Ratio Rank: 3636
Sortino Ratio Rank
KARS Omega Ratio Rank: 3535
Omega Ratio Rank
KARS Calmar Ratio Rank: 3131
Calmar Ratio Rank
KARS Martin Ratio Rank: 3333
Martin Ratio Rank
EEM
EEM Risk / Return Rank: 6363
Overall Rank
EEM Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
EEM Sortino Ratio Rank: 5656
Sortino Ratio Rank
EEM Omega Ratio Rank: 6464
Omega Ratio Rank
EEM Calmar Ratio Rank: 7171
Calmar Ratio Rank
EEM Martin Ratio Rank: 6363
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KARS vs. EEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and iShares MSCI Emerging Markets ETF (EEM). 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.

KARSEEMDifference
Sharpe ratioReturn per unit of total volatility
0.90
1.42

-0.52

Sortino ratioReturn per unit of downside risk
1.34
1.93

-0.59

Omega ratioGain probability vs. loss probability

1.17

1.27

-0.10

Calmar ratioReturn relative to maximum drawdown

1.02

2.44

-1.42

Martin ratioReturn relative to average drawdown

3.12

7.49

-4.37

KARS vs. EEM - Sharpe Ratio Comparison

The current KARS Sharpe Ratio is 0.90, which is lower than the EEM Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of KARS and EEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KARS vs. EEM - Drawdown Comparison

The maximum KARS drawdown since its inception was -64.85%, roughly equal to the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for KARS and EEM.

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Drawdown Indicators

KARSEEMDifference

Max Drawdown

Largest peak-to-trough decline

-64.85%

-66.43%

+1.58%

Max Drawdown (1Y)

Largest decline over 1 year

-24.94%

-14.24%

-10.70%

Max Drawdown (3Y)

Largest decline over 3 years

-45.42%

-17.29%

-28.13%

Max Drawdown (5Y)

Largest decline over 5 years

-64.85%

-35.01%

-29.84%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.82%

—

Current Drawdown

Current decline from peak

-40.95%

-10.00%

-30.95%

Average Drawdown

Average peak-to-trough decline

-28.48%

-15.95%

-12.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.11%

4.63%

+3.48%

Volatility

KARS vs. EEM - Volatility Comparison

The current volatility for KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) is 8.37%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 9.09%. This indicates that KARS experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KARSEEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.37%

9.09%

-0.72%

Volatility (6M)

Calculated over the trailing 6-month period

22.26%

22.40%

-0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

28.30%

24.46%

+3.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.00%

19.83%

+10.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.40%

20.80%

+8.60%

KARS vs. EEM - Expense Ratio Comparison

Both KARS and EEM have an expense ratio of 0.72%.

Dividends

KARS vs. EEM - Dividend Comparison

KARS's dividend yield for the trailing twelve months is around 0.19%, less than EEM's 1.74% yield.

PositionTTM20252024202320222021202020192018201720162015
EEM
iShares MSCI Emerging Markets ETF		1.74%2.22%2.43%2.63%2.50%1.99%1.45%2.76%2.24%1.89%1.89%2.49%
KARS
KraneShares Electric Vehicles and Future Mobility Index ETF		0.19%0.18%0.78%0.88%1.13%6.73%0.14%1.85%1.38%0.00%0.00%0.00%

Frequently Asked Questions

KARS and EEM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEM has higher volatility (9.09%) compared to KARS (8.37%). In terms of maximum drawdown, KARS dropped -64.85% vs EEM's -66.43%.

On 5-year performance, EEM leads with 6.91% vs -7.36% for KARS. Both ETFs have the same 0.72% expense ratio. On volatility, KARS has been the lower-risk option at 8.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EEM has performed better with a 6.91% return vs -7.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KARS and EEM have the same expense ratio: 0.72% per year.

EEM has the higher dividend yield at 1.74%, compared with 0.19% for KARS.

KARS is categorized as Industrials Equities, while EEM is Emerging Markets Equities. KARS tracks Bloomberg Electric Vehicles Index, while EEM tracks MSCI Emerging Markets Index (Net). They also come from different issuers: KraneShares and iShares.

EEM currently has the higher Sharpe Ratio (1.42 vs 0.90), 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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