KEM vs. TQQQ
Compare and contrast key facts about KraneShares Dynamic Emerging Markets Strategy ETF (KEM) and ProShares UltraPro QQQ (TQQQ).
KEM and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KEM is an actively managed fund by KraneShares. It was launched on Aug 24, 2023. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KEM or TQQQ.
Key characteristics
| KEM | TQQQ | |
|---|---|---|
| YTD Return | 2.91% | 30.39% |
| 1Y Return | 4.16% | 68.26% |
| 3Y Return (Ann) | -3.53% | -1.69% |
| 5Y Return (Ann) | 18.25% | 33.77% |
| 10Y Return (Ann) | 32.53% | 33.66% |
| Sharpe Ratio | 0.23 | 1.27 |
| Daily Std Dev | 16.42% | 52.77% |
| Max Drawdown | -100.00% | -81.66% |
| Current Drawdown | -10.57% | -23.70% |
Correlation
The correlation between KEM and TQQQ 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
KEM vs. TQQQ - Performance Comparison
In the year-to-date period, KEM achieves a 2.91% return, which is significantly lower than TQQQ's 30.39% return. Both investments have delivered pretty close results over the past 10 years, with KEM having a 32.53% annualized return and TQQQ not far ahead at 33.66%. 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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KEM vs. TQQQ - Expense Ratio Comparison
KEM has a 0.49% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
KEM vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Dynamic Emerging Markets Strategy ETF (KEM) and ProShares UltraPro QQQ (TQQQ). 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
KEM vs. TQQQ - Dividend Comparison
KEM's dividend yield for the trailing twelve months is around 2.75%, more than TQQQ's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
KEM KraneShares Dynamic Emerging Markets Strategy ETF | 2.75% | 2.83% | 0.00% | 0.00% | 0.00% | 0.55% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.31% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
KEM vs. TQQQ - Drawdown Comparison
The maximum KEM drawdown since its inception was -100.00%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for KEM and TQQQ. For additional features, visit the drawdowns tool.
Volatility
KEM vs. TQQQ - Volatility Comparison
The current volatility for KraneShares Dynamic Emerging Markets Strategy ETF (KEM) is 4.04%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.81%. This indicates that KEM experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.