KBA vs. MAGC

Last updated Jul 17, 2026

KBA (KraneShares Bosera MSCI China A Share ETF) and MAGC (Roundhill China Magnificent Seven ETF) are both China Equities funds. KBA is passively managed, while MAGC is actively managed. Over the past year, KBA returned 36.56% vs -18.07% for MAGC. A 0.55 correlation means they provide meaningful diversification when combined. KBA charges 0.60%/yr vs 0.59%/yr for MAGC.

Performance

KBA vs. MAGC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Bosera MSCI China A Share ETF (KBA) and Roundhill China Magnificent Seven ETF (MAGC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBA achieves a 7.54% return, which is significantly higher than MAGC's -16.07% return.

KBA

• 1D: -2.09%
• 1M: -2.95%
• 6M: 5.54%
• YTD: 7.54%
• 1Y: 36.56%
• 3Y*: 14.01%
• 5Y*: 6.17%
• 10Y*: 9.32%

MAGC

• 1D: 2.07%
• 1M: 9.42%
• 6M: -17.72%
• YTD: -16.07%
• 1Y: -18.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBA vs. MAGC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KBA KraneShares Bosera MSCI China A Share ETF	7.54%	33.88%	-15.84%
MAGC Roundhill China Magnificent Seven ETF	-16.07%	16.35%	-14.03%

Correlation

The correlation between KBA and MAGC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	0.55

The correlation between KBA and MAGC has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.

Return for Risk

KBA vs. MAGC — Risk / Return Rank

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

KBA

KBA Risk / Return Rank: 75
KBA Sharpe Ratio Rank: 70
KBA Sortino Ratio Rank: 68
KBA Omega Ratio Rank: 68
KBA Calmar Ratio Rank: 92
KBA Martin Ratio Rank: 76

MAGC

MAGC Risk / Return Rank: 5
MAGC Sharpe Ratio Rank: 4
MAGC Sortino Ratio Rank: 4
MAGC Omega Ratio Rank: 4
MAGC Calmar Ratio Rank: 6
MAGC Martin Ratio Rank: 5

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. MAGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) and Roundhill China Magnificent Seven ETF (MAGC). 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.

	KBA	MAGC	Difference
Sharpe ratio: Return per unit of total volatility	1.81	-0.67	+2.48
Sortino ratio: Return per unit of downside risk	2.48	-0.85	+3.33
Omega ratio: Gain probability vs. loss probability	1.32	0.91	+0.41
Calmar ratio: Return relative to maximum drawdown	4.80	-0.43	+5.23
Martin ratio: Return relative to average drawdown	11.18	-0.87	+12.05

KBA vs. MAGC - Sharpe Ratio Comparison

The current KBA Sharpe Ratio is 1.81, which is higher than the MAGC Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of KBA and MAGC, 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

KBA vs. MAGC - Drawdown Comparison

The maximum KBA drawdown since its inception was -53.24%, which is greater than MAGC's maximum drawdown of -41.99%. Use the drawdown chart below to compare losses from any high point for KBA and MAGC.

Drawdown Indicators

	KBA	MAGC	Difference
Max Drawdown Largest peak-to-trough decline	-53.24%	-41.99%	-11.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	-41.99%	+34.34%
Max Drawdown (3Y) Largest decline over 3 years	-31.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.32%	—	—
Current Drawdown Current decline from peak	-6.13%	-29.48%	+23.35%
Average Drawdown Average peak-to-trough decline	-25.60%	-16.45%	-9.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	20.91%	-17.63%

Volatility

KBA vs. MAGC - Volatility Comparison

KraneShares Bosera MSCI China A Share ETF (KBA) and Roundhill China Magnificent Seven ETF (MAGC) have volatilities of 9.30% and 9.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBA	MAGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.30%	9.19%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	15.80%	20.30%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	20.29%	27.27%	-6.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.47%	34.02%	-6.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	34.02%	-8.56%

KBA vs. MAGC - Expense Ratio Comparison

KBA has a 0.60% expense ratio, which is higher than MAGC's 0.59% expense ratio.

Dividends

KBA vs. MAGC - Dividend Comparison

KBA's dividend yield for the trailing twelve months is around 1.45%, less than MAGC's 4.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBA KraneShares Bosera MSCI China A Share ETF	1.45%	1.56%	2.18%	2.34%	49.05%	9.07%	0.65%	1.53%	3.77%	1.46%	6.62%	29.08%
MAGC Roundhill China Magnificent Seven ETF	4.89%	4.10%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KBA and MAGC in my portfolio?

KBA and MAGC have a correlation of 0.46, 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 MAGC?

KBA has higher volatility (9.30%) compared to MAGC (9.19%). In terms of maximum drawdown, KBA dropped -53.24% vs MAGC's -41.99%.

Which ETF is better, KBA or MAGC?

On 1-year performance, KBA leads with 36.56% vs -18.07% for MAGC. On fees, MAGC is cheaper at 0.59% per year. On volatility, MAGC has been the lower-risk option at 9.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KBA or MAGC?

Over the 1-year period, KBA has performed better with a 36.56% return vs -18.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KBA or MAGC?

MAGC is cheaper with a 0.59% expense ratio, compared with 0.60% for KBA.

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

MAGC has the higher dividend yield at 4.89%, compared with 1.45% for KBA.

What is the main difference between KBA and MAGC?

They also come from different issuers: CICC and Roundhill. Their fees differ too: 0.60% for KBA and 0.59% for MAGC.

Which has better risk-adjusted returns?

KBA currently has the higher Sharpe Ratio (1.81 vs -0.67), 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.