KARS vs. KGRN

Last updated Jun 27, 2026

KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) and KGRN (KraneShares MSCI China Clean Technology Index ETF) are both exchange-traded funds - KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index, while KGRN is a China Equities fund tracking the MSCI China IMI Environment 10/40 Index. Both are passively managed. Over the past 5 years, KARS returned -5.76%/yr vs -12.26%/yr for KGRN. A 0.70 correlation means they provide meaningful diversification when combined. KARS charges 0.72%/yr vs 0.79%/yr for KGRN.

Performance

KARS vs. KGRN - 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 KraneShares MSCI China Clean Technology Index ETF (KGRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KARS achieves a 0.01% return, which is significantly higher than KGRN's -13.71% return.

KARS

• 1D: -1.32%
• 1M: -14.83%
• YTD: 0.01%
• 6M: -2.98%
• 1Y: 39.08%
• 3Y*: 0.61%
• 5Y*: -5.76%
• 10Y*: —

KGRN

• 1D: -0.52%
• 1M: -14.91%
• YTD: -13.71%
• 6M: -16.13%
• 1Y: -10.25%
• 3Y*: -3.87%
• 5Y*: -12.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KARS vs. KGRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	0.01%	46.04%	-17.88%	-7.85%	-39.20%	24.11%	71.17%	34.66%	-28.04%
KGRN KraneShares MSCI China Clean Technology Index ETF	-13.71%	21.45%	-1.11%	-14.75%	-40.45%	5.91%	138.49%	12.12%	-33.34%

Correlation

The correlation between KARS and KGRN is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018	0.70

The correlation between KARS and KGRN has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.

KARS vs. KGRN - Sectors Allocation Comparison

Sectors	KARS	KGRN
Consumer Cyclical	33.5%	36.2%
Basic Materials	25.4%	-
Industrials	22.1%	26.9%
Technology	19.0%	11.6%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	3.4%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	21.2%

Return for Risk

KARS vs. KGRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KARS

KARS Risk / Return Rank: 45
KARS Sharpe Ratio Rank: 45
KARS Sortino Ratio Rank: 40
KARS Omega Ratio Rank: 41
KARS Calmar Ratio Rank: 45
KARS Martin Ratio Rank: 52

KGRN

KGRN Risk / Return Rank: 6
KGRN Sharpe Ratio Rank: 6
KGRN Sortino Ratio Rank: 6
KGRN Omega Ratio Rank: 6
KGRN Calmar Ratio Rank: 6
KGRN Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KARS vs. KGRN - 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 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.

	KARS	KGRN	Difference
Sharpe ratio: Return per unit of total volatility	1.41	-0.44	+1.85
Sortino ratio: Return per unit of downside risk	1.91	-0.47	+2.38
Omega ratio: Gain probability vs. loss probability	1.25	0.94	+0.30
Calmar ratio: Return relative to maximum drawdown	2.00	-0.37	+2.37
Martin ratio: Return relative to average drawdown	7.94	-0.89	+8.83

KARS vs. KGRN - Sharpe Ratio Comparison

The current KARS Sharpe Ratio is 1.41, which is higher than the KGRN Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of KARS and KGRN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KARS vs. KGRN - Drawdown Comparison

The maximum KARS drawdown since its inception was -64.85%, roughly equal to the maximum KGRN drawdown of -66.24%. Use the drawdown chart below to compare losses from any high point for KARS and KGRN.

Drawdown Indicators

	KARS	KGRN	Difference
Max Drawdown Largest peak-to-trough decline	-64.85%	-66.24%	+1.39%
Max Drawdown (1Y) Largest decline over 1 year	-19.65%	-27.77%	+8.12%
Max Drawdown (3Y) Largest decline over 3 years	-47.79%	-42.19%	-5.60%
Max Drawdown (5Y) Largest decline over 5 years	-64.85%	-63.60%	-1.25%
Current Drawdown Current decline from peak	-39.04%	-54.81%	+15.77%
Average Drawdown Average peak-to-trough decline	-28.35%	-34.06%	+5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	11.57%	-6.64%

Volatility

KARS vs. KGRN - Volatility Comparison

KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a higher volatility of 11.52% compared to KraneShares MSCI China Clean Technology Index ETF (KGRN) at 6.55%. This indicates that KARS'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.

Volatility by Period

	KARS	KGRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.52%	6.55%	+4.97%
Volatility (6M) Calculated over the trailing 6-month period	21.42%	16.04%	+5.38%
Volatility (1Y) Calculated over the trailing 1-year period	27.79%	23.49%	+4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.10%	34.66%	-4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.41%	32.81%	-3.40%

KARS vs. KGRN - Expense Ratio Comparison

KARS has a 0.72% expense ratio, which is lower than KGRN's 0.79% expense ratio.

Dividends

KARS vs. KGRN - Dividend Comparison

KARS's dividend yield for the trailing twelve months is around 0.18%, less than KGRN's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	0.18%	0.18%	0.78%	0.88%	1.13%	6.73%	0.14%	1.85%	1.38%
KGRN KraneShares MSCI China Clean Technology Index ETF	0.99%	0.85%	1.49%	0.74%	1.98%	0.41%	0.01%	5.88%	2.04%

Frequently Asked Questions

Can I hold both KARS and KGRN in my portfolio?

KARS and KGRN have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KARS or KGRN?

KARS has higher volatility (11.52%) compared to KGRN (6.55%). In terms of maximum drawdown, KARS dropped -64.85% vs KGRN's -66.24%.

Which ETF is better, KARS or KGRN?

On 5-year performance, KARS leads with -5.76% vs -12.26% for KGRN. On fees, KARS is cheaper at 0.72% per year. On volatility, KGRN has been the lower-risk option at 6.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KARS or KGRN?

Over the 5-year period, KARS has performed better with a -5.76% return vs -12.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KARS or KGRN?

KARS is cheaper with a 0.72% expense ratio, compared with 0.79% for KGRN.

Which ETF pays a higher dividend yield, KARS or KGRN?

KGRN has the higher dividend yield at 0.99%, compared with 0.18% for KARS.

What is the main difference between KARS and KGRN?

KARS is categorized as Industrials Equities, while KGRN is China Equities. KARS tracks Bloomberg Electric Vehicles Index, while KGRN tracks MSCI China IMI Environment 10/40 Index. They also come from different issuers: KraneShares and CICC. Their fees differ too: 0.72% for KARS and 0.79% for KGRN.

Which has better risk-adjusted returns?

KARS currently has the higher Sharpe Ratio (1.41 vs -0.44), 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.