KEMQ vs. IVOL
KEMQ (KraneShares Emerging Markets Consumer Technology Index ETF) and IVOL (Quadratic Interest Rate Volatility & Inflation Hedge ETF) are both exchange-traded funds - KEMQ is a Emerging Markets Equities fund tracking the Solactive Emerging Markets Consumer Technology Index, while IVOL is a Inflation-Protected Bonds fund actively managed by CICC. KEMQ is passively managed, while IVOL is actively managed. Over the past 5 years, KEMQ returned -2.92%/yr vs -5.56%/yr for IVOL. At a 0.02 correlation, their price movements are largely independent. KEMQ charges 0.60%/yr vs 0.99%/yr for IVOL.
Performance
KEMQ vs. IVOL - Performance Comparison
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Returns By Period
In the year-to-date period, KEMQ achieves a 3.99% return, which is significantly higher than IVOL's -7.64% return.
KEMQ
- 1D
- -1.62%
- 1M
- 1.38%
- 6M
- -4.06%
- YTD
- 3.99%
- 1Y
- 19.20%
- 3Y*
- 21.23%
- 5Y*
- -2.92%
- 10Y*
- —
IVOL
- 1D
- -0.09%
- 1M
- -1.01%
- 6M
- -6.37%
- YTD
- -7.64%
- 1Y
- -7.79%
- 3Y*
- -2.49%
- 5Y*
- -5.56%
- 10Y*
- —
KEMQ vs. IVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF | 3.99% | 56.28% | 13.81% | 0.77% | -38.09% | -27.31% | 39.26% | 12.96% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -7.64% | 11.97% | -11.07% | -5.18% | -12.69% | -0.31% | 14.56% | 3.35% |
Correlation
The correlation between KEMQ and IVOL is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.02 |
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Return for Risk
KEMQ vs. IVOL — Risk / Return Rank
KEMQ
IVOL
KEMQ vs. IVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). 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.
| KEMQ | IVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.82 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.65 | +1.53 |
| Martin ratioReturn relative to average drawdown | 2.20 | -1.36 | +3.56 |
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Drawdowns
KEMQ vs. IVOL - Drawdown Comparison
The maximum KEMQ drawdown since its inception was -70.72%, which is greater than IVOL's maximum drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for KEMQ and IVOL.
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Drawdown Indicators
| KEMQ | IVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.72% | -31.16% | -39.56% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -12.08% | -9.86% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -14.48% | -7.46% |
Max Drawdown (5Y)Largest decline over 5 years | -63.85% | -30.28% | -33.57% |
Current DrawdownCurrent decline from peak | -30.15% | -27.36% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -35.60% | -13.52% | -22.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 5.73% | +3.02% |
Volatility
KEMQ vs. IVOL - Volatility Comparison
KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) has a higher volatility of 8.09% compared to Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) at 2.66%. This indicates that KEMQ's price experiences larger fluctuations and is considered to be riskier than IVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KEMQ | IVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.09% | 2.66% | +5.43% |
Volatility (6M)Calculated over the trailing 6-month period | 22.78% | 5.00% | +17.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.55% | 6.74% | +20.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.17% | 12.85% | +19.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.63% | 11.94% | +17.69% |
KEMQ vs. IVOL - Expense Ratio Comparison
KEMQ has a 0.60% expense ratio, which is lower than IVOL's 0.99% expense ratio.
Dividends
KEMQ vs. IVOL - Dividend Comparison
KEMQ's dividend yield for the trailing twelve months is around 5.06%, more than IVOL's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.92% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% |
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF | 5.06% | 5.27% | 0.73% | 0.29% | 0.00% | 0.28% | 2.28% | 1.76% |
Frequently Asked Questions
KEMQ and IVOL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KEMQ has higher volatility (8.09%) compared to IVOL (2.66%). In terms of maximum drawdown, KEMQ dropped -70.72% vs IVOL's -31.16%.
On 5-year performance, KEMQ leads with -2.92% vs -5.56% for IVOL. On fees, KEMQ is cheaper at 0.60% per year. On volatility, IVOL has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KEMQ has performed better with a -2.92% return vs -5.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KEMQ is cheaper with a 0.60% expense ratio, compared with 0.99% for IVOL.
KEMQ has the higher dividend yield at 5.06%, compared with 3.92% for IVOL.
KEMQ is categorized as Emerging Markets Equities, while IVOL is Inflation-Protected Bonds. Their fees differ too: 0.60% for KEMQ and 0.99% for IVOL.
KEMQ currently has the higher Sharpe Ratio (0.70 vs -1.17), 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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