KARS vs. KPRO
KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) and KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) are both exchange-traded funds - KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index, while KPRO is a Options Trading fund actively managed by KraneShares. KARS is passively managed, while KPRO is actively managed. Over the past year, KARS returned 49.48% vs -4.43% for KPRO. A 0.56 correlation means they provide meaningful diversification when combined. KARS charges 0.72%/yr vs 0.95%/yr for KPRO.
Performance
KARS vs. KPRO - Performance Comparison
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Returns By Period
In the year-to-date period, KARS achieves a 5.04% return, which is significantly higher than KPRO's -6.19% return.
KARS
- 1D
- -4.28%
- 1M
- -9.61%
- YTD
- 5.04%
- 6M
- 4.08%
- 1Y
- 49.48%
- 3Y*
- 2.98%
- 5Y*
- -4.78%
- 10Y*
- —
KPRO
- 1D
- -0.11%
- 1M
- -1.22%
- YTD
- -6.19%
- 6M
- -11.82%
- 1Y
- -4.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KARS vs. KPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | 5.04% | 46.04% | -0.78% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | -6.19% | 7.79% | 11.98% |
Correlation
The correlation between KARS and KPRO is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024 | 0.56 |
The correlation between KARS and KPRO has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
KARS vs. KPRO — Risk / Return Rank
KARS
KPRO
KARS vs. KPRO - 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 100% KWEB Defined Outcome January 2026 ETF (KPRO). 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 | KPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.90 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | -0.34 | +3.51 |
| Martin ratioReturn relative to average drawdown | 10.99 | -0.67 | +11.66 |
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Drawdowns
KARS vs. KPRO - Drawdown Comparison
The maximum KARS drawdown since its inception was -64.85%, which is greater than KPRO's maximum drawdown of -12.91%. Use the drawdown chart below to compare losses from any high point for KARS and KPRO.
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Drawdown Indicators
| KARS | KPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.85% | -12.91% | -51.94% |
Max Drawdown (1Y)Largest decline over 1 year | -15.68% | -12.91% | -2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -47.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -64.85% | — | — |
Current DrawdownCurrent decline from peak | -35.97% | -12.91% | -23.06% |
Average DrawdownAverage peak-to-trough decline | -28.34% | -2.61% | -25.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 6.63% | -2.12% |
Volatility
KARS vs. KPRO - Volatility Comparison
KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a higher volatility of 11.59% compared to KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) at 1.52%. This indicates that KARS's price experiences larger fluctuations and is considered to be riskier than KPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KARS | KPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 1.52% | +10.07% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 7.82% | +13.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.82% | 8.86% | +18.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.09% | 7.77% | +22.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.41% | 7.77% | +21.64% |
KARS vs. KPRO - Expense Ratio Comparison
KARS has a 0.72% expense ratio, which is lower than KPRO's 0.95% expense ratio.
Dividends
KARS vs. KPRO - Dividend Comparison
KARS's dividend yield for the trailing twelve months is around 0.17%, less than KPRO's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | 0.17% | 0.18% | 0.78% | 0.88% | 1.13% | 6.73% | 0.14% | 1.85% | 1.38% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | 2.83% | 2.65% | 3.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KARS and KPRO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KARS has higher volatility (11.59%) compared to KPRO (1.52%). In terms of maximum drawdown, KARS dropped -64.85% vs KPRO's -12.91%.
On 1-year performance, KARS leads with 49.48% vs -4.43% for KPRO. On fees, KARS is cheaper at 0.72% per year. On volatility, KPRO has been the lower-risk option at 1.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KARS has performed better with a 49.48% return vs -4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KARS is cheaper with a 0.72% expense ratio, compared with 0.95% for KPRO.
KPRO has the higher dividend yield at 2.83%, compared with 0.17% for KARS.
KARS is categorized as Industrials Equities, while KPRO is Options Trading. Their fees differ too: 0.72% for KARS and 0.95% for KPRO.
KARS currently has the higher Sharpe Ratio (1.79 vs -0.50), 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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