KBA vs. HEZU
Compare and contrast key facts about KraneShares Bosera MSCI China A Share ETF (KBA) and iShares Currency Hedged MSCI Eurozone ETF (HEZU).
KBA and HEZU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBA is a passively managed fund by CICC that tracks the performance of the MSCI China A Index. It was launched on Mar 5, 2014. HEZU is a passively managed fund by iShares that tracks the performance of the MSCI EMU 100% USD Hedged Index. It was launched on Jul 9, 2014. Both KBA and HEZU 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: KBA or HEZU.
Key characteristics
| KBA | HEZU | |
|---|---|---|
| YTD Return | 19.94% | 9.81% |
| 1Y Return | 16.56% | 19.66% |
| 3Y Return (Ann) | -8.72% | 6.57% |
| 5Y Return (Ann) | 2.44% | 9.16% |
| 10Y Return (Ann) | 3.62% | 8.90% |
| Sharpe Ratio | 0.67 | 1.80 |
| Sortino Ratio | 1.17 | 2.48 |
| Omega Ratio | 1.17 | 1.31 |
| Calmar Ratio | 0.36 | 2.29 |
| Martin Ratio | 2.48 | 8.42 |
| Ulcer Index | 7.28% | 2.62% |
| Daily Std Dev | 27.04% | 12.21% |
| Max Drawdown | -53.24% | -38.80% |
| Current Drawdown | -33.86% | -3.43% |
Correlation
The correlation between KBA and HEZU is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KBA vs. HEZU - Performance Comparison
In the year-to-date period, KBA achieves a 19.94% return, which is significantly higher than HEZU's 9.81% return. Over the past 10 years, KBA has underperformed HEZU with an annualized return of 3.62%, while HEZU has yielded a comparatively higher 8.90% annualized 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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KBA vs. HEZU - Expense Ratio Comparison
KBA has a 0.60% expense ratio, which is higher than HEZU's 0.52% expense ratio.
Risk-Adjusted Performance
KBA vs. HEZU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) and iShares Currency Hedged MSCI Eurozone ETF (HEZU). 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
KBA vs. HEZU - Dividend Comparison
KBA's dividend yield for the trailing twelve months is around 1.95%, less than HEZU's 2.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | 1.95% | 2.34% | 26.65% | 9.07% | 0.65% | 1.53% | 3.77% | 0.99% | 4.90% | 29.08% | 0.11% |
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.80% | 2.52% | 23.26% | 2.25% | 2.32% | 5.40% | 3.48% | 1.92% | 3.11% | 2.68% | 1.15% |
Drawdowns
KBA vs. HEZU - Drawdown Comparison
The maximum KBA drawdown since its inception was -53.24%, which is greater than HEZU's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for KBA and HEZU. For additional features, visit the drawdowns tool.
Volatility
KBA vs. HEZU - Volatility Comparison
KraneShares Bosera MSCI China A Share ETF (KBA) has a higher volatility of 17.01% compared to iShares Currency Hedged MSCI Eurozone ETF (HEZU) at 3.84%. This indicates that KBA's price experiences larger fluctuations and is considered to be riskier than HEZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.