KARS vs. MCHI
Compare and contrast key facts about KraneShares Electric Vehicles & Future Mobility Index ETF (KARS) and iShares MSCI China ETF (MCHI).
KARS and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KARS is a passively managed fund by CICC that tracks the performance of the KARS-US - Bloomberg Electric Vehicles Index. It was launched on Jan 18, 2018. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both KARS and MCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KARS or MCHI.
Key characteristics
| KARS | MCHI | |
|---|---|---|
| YTD Return | -11.13% | 22.89% |
| 1Y Return | -7.93% | 18.61% |
| 3Y Return (Ann) | -22.91% | -7.72% |
| 5Y Return (Ann) | 2.53% | -2.16% |
| Sharpe Ratio | -0.18 | 0.72 |
| Sortino Ratio | -0.06 | 1.24 |
| Omega Ratio | 0.99 | 1.16 |
| Calmar Ratio | -0.08 | 0.36 |
| Martin Ratio | -0.29 | 2.13 |
| Ulcer Index | 17.78% | 10.19% |
| Daily Std Dev | 28.98% | 30.09% |
| Max Drawdown | -64.60% | -62.84% |
| Current Drawdown | -54.83% | -45.11% |
Correlation
The correlation between KARS and MCHI is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KARS vs. MCHI - Performance Comparison
In the year-to-date period, KARS achieves a -11.13% return, which is significantly lower than MCHI's 22.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KARS vs. MCHI - Expense Ratio Comparison
KARS has a 0.70% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
KARS vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Electric Vehicles & Future Mobility Index ETF (KARS) and iShares MSCI China ETF (MCHI). 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.
Dividends
KARS vs. MCHI - Dividend Comparison
KARS's dividend yield for the trailing twelve months is around 0.99%, less than MCHI's 2.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KARS KraneShares Electric Vehicles & Future Mobility Index ETF | 0.99% | 0.88% | 1.13% | 6.73% | 0.14% | 1.85% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 2.38% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
Drawdowns
KARS vs. MCHI - Drawdown Comparison
The maximum KARS drawdown since its inception was -64.60%, roughly equal to the maximum MCHI drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for KARS and MCHI. For additional features, visit the drawdowns tool.
Volatility
KARS vs. MCHI - Volatility Comparison
The current volatility for KraneShares Electric Vehicles & Future Mobility Index ETF (KARS) is 12.80%, while iShares MSCI China ETF (MCHI) has a volatility of 15.06%. This indicates that KARS experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.