KBA vs. PIN
Compare and contrast key facts about KraneShares Bosera MSCI China A Share ETF (KBA) and Invesco India ETF (PIN).
KBA and PIN 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. PIN is a passively managed fund by Invesco that tracks the performance of the FTSE India Quality and Yield Select Net Tax (US RIC) Index. It was launched on Mar 5, 2008. Both KBA and PIN 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 PIN.
Key characteristics
| KBA | PIN | |
|---|---|---|
| YTD Return | 21.39% | 11.56% |
| 1Y Return | 17.97% | 24.92% |
| 3Y Return (Ann) | -8.26% | 6.94% |
| 5Y Return (Ann) | 2.84% | 12.74% |
| 10Y Return (Ann) | 3.74% | 7.86% |
| Sharpe Ratio | 0.72 | 1.70 |
| Sortino Ratio | 1.23 | 2.20 |
| Omega Ratio | 1.18 | 1.33 |
| Calmar Ratio | 0.39 | 3.09 |
| Martin Ratio | 2.63 | 11.17 |
| Ulcer Index | 7.37% | 2.27% |
| Daily Std Dev | 27.09% | 14.97% |
| Max Drawdown | -53.24% | -64.54% |
| Current Drawdown | -33.06% | -8.20% |
Correlation
The correlation between KBA and PIN is 0.33, 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. PIN - Performance Comparison
In the year-to-date period, KBA achieves a 21.39% return, which is significantly higher than PIN's 11.56% return. Over the past 10 years, KBA has underperformed PIN with an annualized return of 3.74%, while PIN has yielded a comparatively higher 7.86% 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. PIN - Expense Ratio Comparison
KBA has a 0.60% expense ratio, which is lower than PIN's 0.78% expense ratio.
Risk-Adjusted Performance
KBA vs. PIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) and Invesco India ETF (PIN). 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. PIN - Dividend Comparison
KBA's dividend yield for the trailing twelve months is around 1.93%, more than PIN's 1.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | 1.93% | 2.34% | 26.65% | 9.07% | 0.65% | 1.53% | 3.77% | 0.99% | 4.90% | 29.08% | 0.11% | 0.00% |
PIN Invesco India ETF | 1.50% | 2.08% | 14.07% | 6.95% | 0.72% | 27.85% | 0.95% | 1.01% | 1.18% | 0.61% | 0.99% | 0.48% |
Drawdowns
KBA vs. PIN - Drawdown Comparison
The maximum KBA drawdown since its inception was -53.24%, smaller than the maximum PIN drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for KBA and PIN. For additional features, visit the drawdowns tool.
Volatility
KBA vs. PIN - Volatility Comparison
KraneShares Bosera MSCI China A Share ETF (KBA) has a higher volatility of 16.31% compared to Invesco India ETF (PIN) at 4.23%. This indicates that KBA's price experiences larger fluctuations and is considered to be riskier than PIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.