KEMQ vs. EVLU
KEMQ (KraneShares Emerging Markets Consumer Technology Index ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds - KEMQ tracks the Solactive Emerging Markets Consumer Technology Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, KEMQ returned 36.95% vs 72.04% for EVLU. Their correlation of 0.82 suggests significant overlap in exposure. KEMQ charges 0.60%/yr vs 0.35%/yr for EVLU.
Performance
KEMQ vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, KEMQ achieves a 6.99% return, which is significantly lower than EVLU's 34.01% return.
KEMQ
- 1D
- -2.81%
- 1M
- 7.12%
- YTD
- 6.99%
- 6M
- 8.35%
- 1Y
- 36.95%
- 3Y*
- 24.42%
- 5Y*
- -2.87%
- 10Y*
- —
EVLU
- 1D
- -2.27%
- 1M
- 15.31%
- YTD
- 34.01%
- 6M
- 37.37%
- 1Y
- 72.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KEMQ vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF | 6.99% | 56.28% | 8.78% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 34.01% | 38.54% | 1.61% |
Correlation
The correlation between KEMQ and EVLU is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.82 |
The correlation between KEMQ and EVLU has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
KEMQ vs. EVLU — Risk / Return Rank
KEMQ
EVLU
KEMQ vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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.
| KEMQ | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.67 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 5.61 | -3.92 |
| Martin ratioReturn relative to average drawdown | 4.52 | 20.79 | -16.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KEMQ | EVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 3.80 | -2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 2.23 | -2.17 |
Drawdowns
KEMQ vs. EVLU - Drawdown Comparison
The maximum KEMQ drawdown since its inception was -70.72%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for KEMQ and EVLU.
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Drawdown Indicators
| KEMQ | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.72% | -17.17% | -53.55% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -12.90% | -9.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -66.02% | — | — |
Current DrawdownCurrent decline from peak | -28.14% | -2.27% | -25.87% |
Average DrawdownAverage peak-to-trough decline | -35.69% | -3.48% | -32.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.20% | 3.48% | +4.72% |
Volatility
KEMQ vs. EVLU - Volatility Comparison
KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) has a higher volatility of 10.09% compared to iShares MSCI Emerging Markets Value Factor ETF (EVLU) at 9.17%. This indicates that KEMQ's price experiences larger fluctuations and is considered to be riskier than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KEMQ | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 9.17% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 20.87% | 16.23% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.14% | 19.04% | +7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.88% | 19.93% | +11.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.58% | 19.93% | +9.65% |
KEMQ vs. EVLU - Expense Ratio Comparison
KEMQ has a 0.60% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
KEMQ vs. EVLU - Dividend Comparison
KEMQ's dividend yield for the trailing twelve months is around 4.92%, more than EVLU's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.88% | 5.20% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF | 4.92% | 5.27% | 0.73% | 0.29% | 0.00% | 0.28% | 2.28% | 1.76% |
Frequently Asked Questions
KEMQ and EVLU have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KEMQ has higher volatility (10.09%) compared to EVLU (9.17%). In terms of maximum drawdown, KEMQ dropped -70.72% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 72.04% vs 36.95% for KEMQ. On fees, EVLU is cheaper at 0.35% per year. On volatility, EVLU has been the lower-risk option at 9.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 72.04% return vs 36.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLU is cheaper with a 0.35% expense ratio, compared with 0.60% for KEMQ.
KEMQ has the higher dividend yield at 4.92%, compared with 3.88% for EVLU.
KEMQ tracks Solactive Emerging Markets Consumer Technology Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). They also come from different issuers: CICC and iShares. Their fees differ too: 0.60% for KEMQ and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (3.80 vs 1.42), 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.
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