KBA vs. KVLE

Last updated Jun 4, 2026

KBA (KraneShares Bosera MSCI China A Share ETF) and KVLE (KFA Value Liner Dynamic Core Equity Index ETF) are both exchange-traded funds - KBA is a China Equities fund tracking the MSCI China A Index, while KVLE is a Large Cap Value Equities fund tracking the 3D/L Value Line Dynamic Core Equity Index. Both are passively managed. Over the past 5 years, KBA returned 6.46%/yr vs 9.67%/yr for KVLE. At a 0.23 correlation, their price movements are largely independent. KBA charges 0.60%/yr vs 0.56%/yr for KVLE.

Performance

KBA vs. KVLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Bosera MSCI China A Share ETF (KBA) and KFA Value Liner Dynamic Core Equity Index ETF (KVLE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBA achieves a 12.62% return, which is significantly higher than KVLE's 10.22% return.

KBA

• 1D: 0.14%
• 1M: 4.32%
• YTD: 12.62%
• 6M: 16.80%
• 1Y: 49.12%
• 3Y*: 16.22%
• 5Y*: 6.46%
• 10Y*: 10.15%

KVLE

• 1D: -0.91%
• 1M: 4.69%
• YTD: 10.22%
• 6M: 9.55%
• 1Y: 18.85%
• 3Y*: 14.93%
• 5Y*: 9.67%
• 10Y*: —

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

KBA vs. KVLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KBA KraneShares Bosera MSCI China A Share ETF	12.62%	33.88%	15.73%	-16.77%	-3.49%	3.17%	6.18%
KVLE KFA Value Liner Dynamic Core Equity Index ETF	10.22%	9.34%	18.25%	10.49%	-5.96%	28.01%	1.36%

Correlation

The correlation between KBA and KVLE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 25, 2020	0.23

KBA vs. KVLE - Sectors Allocation Comparison

Sectors	KBA	KVLE
Technology	29.8%	27.0%
Financial Services	18.5%	12.2%
Industrials	15.8%	12.6%
Basic Materials	10.9%	1.3%
Consumer Defensive	6.8%	6.8%
Consumer Cyclical	5.7%	9.2%
Healthcare	4.1%	9.3%
Energy	3.2%	4.6%
Utilities	3.2%	0.7%
Communication Services	1.6%	3.9%
Real Estate	0.6%	12.0%

Return for Risk

KBA vs. KVLE — Risk / Return Rank

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

KBA

KBA Risk / Return Rank: 85
KBA Sharpe Ratio Rank: 84
KBA Sortino Ratio Rank: 84
KBA Omega Ratio Rank: 83
KBA Calmar Ratio Rank: 93
KBA Martin Ratio Rank: 84

KVLE

KVLE Risk / Return Rank: 47
KVLE Sharpe Ratio Rank: 50
KVLE Sortino Ratio Rank: 51
KVLE Omega Ratio Rank: 49
KVLE Calmar Ratio Rank: 40
KVLE Martin Ratio Rank: 46

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.

KBA vs. KVLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) and KFA Value Liner Dynamic Core Equity Index ETF (KVLE). 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.

	KBA	KVLE	Difference
Sharpe ratio Return per unit of total volatility	2.80	1.72	+1.08
Sortino ratio Return per unit of downside risk	3.80	2.45	+1.34
Omega ratio Gain probability vs. loss probability	1.50	1.31	+0.20
Calmar ratio Return relative to maximum drawdown	6.45	1.97	+4.47
Martin ratio Return relative to average drawdown	17.29	7.57	+9.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KBA vs. KVLE - Sharpe Ratio Comparison

The current KBA Sharpe Ratio is 2.80, which is higher than the KVLE Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of KBA and KVLE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KBA	KVLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	1.72	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.67	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.88	-0.53

Drawdowns

KBA vs. KVLE - Drawdown Comparison

The maximum KBA drawdown since its inception was -53.24%, which is greater than KVLE's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for KBA and KVLE.

Drawdown Indicators

	KBA	KVLE	Difference
Max Drawdown Largest peak-to-trough decline	-53.24%	-18.38%	-34.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	-9.59%	+1.94%
Max Drawdown (3Y) Largest decline over 3 years	-31.23%	-16.39%	-14.84%
Max Drawdown (5Y) Largest decline over 5 years	-39.95%	-18.38%	-21.57%
Max Drawdown (10Y) Largest decline over 10 years	-45.32%	—	—
Current Drawdown Current decline from peak	-1.25%	-0.91%	-0.34%
Average Drawdown Average peak-to-trough decline	-25.81%	-3.21%	-22.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	2.50%	+0.35%

Volatility

KBA vs. KVLE - Volatility Comparison

KraneShares Bosera MSCI China A Share ETF (KBA) has a higher volatility of 7.29% compared to KFA Value Liner Dynamic Core Equity Index ETF (KVLE) at 2.64%. This indicates that KBA's price experiences larger fluctuations and is considered to be riskier than KVLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBA	KVLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	2.64%	+4.65%
Volatility (6M) Calculated over the trailing 6-month period	12.44%	8.35%	+4.09%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	11.04%	+6.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.20%	14.51%	+12.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.32%	14.33%	+10.99%

KBA vs. KVLE - Expense Ratio Comparison

KBA has a 0.60% expense ratio, which is higher than KVLE's 0.56% expense ratio.

Dividends

KBA vs. KVLE - Dividend Comparison

KBA's dividend yield for the trailing twelve months is around 1.39%, less than KVLE's 7.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBA KraneShares Bosera MSCI China A Share ETF	1.39%	1.56%	2.18%	2.34%	49.05%	9.07%	0.65%	1.53%	3.77%	1.46%	6.62%	29.08%
KVLE KFA Value Liner Dynamic Core Equity Index ETF	7.30%	7.90%	7.99%	2.53%	5.78%	9.51%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KBA and KVLE in my portfolio?

KBA and KVLE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KBA or KVLE?

KBA has higher volatility (7.29%) compared to KVLE (2.64%). In terms of maximum drawdown, KBA dropped -53.24% vs KVLE's -18.38%.

Which ETF is better, KBA or KVLE?

On 5-year performance, KVLE leads with 9.67% vs 6.46% for KBA. On fees, KVLE is cheaper at 0.56% per year. On volatility, KVLE has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KBA or KVLE?

Over the 5-year period, KVLE has performed better with a 9.67% return vs 6.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KBA or KVLE?

KVLE is cheaper with a 0.56% expense ratio, compared with 0.60% for KBA.

Which ETF pays a higher dividend yield, KBA or KVLE?

KVLE has the higher dividend yield at 7.30%, compared with 1.39% for KBA.

What is the main difference between KBA and KVLE?

KBA is categorized as China Equities, while KVLE is Large Cap Value Equities. KBA tracks MSCI China A Index, while KVLE tracks 3D/L Value Line Dynamic Core Equity Index. Their fees differ too: 0.60% for KBA and 0.56% for KVLE.

Which has better risk-adjusted returns?

KBA currently has the higher Sharpe Ratio (2.80 vs 1.72), 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.