KEMQ vs. KBA

Last updated Jun 4, 2026

KEMQ (KraneShares Emerging Markets Consumer Technology Index ETF) and KBA (KraneShares Bosera MSCI China A Share ETF) are both exchange-traded funds - KEMQ is a Emerging Markets Equities fund tracking the Solactive Emerging Markets Consumer Technology Index, while KBA is a China Equities fund tracking the MSCI China A Index. Both are passively managed. Over the past 5 years, KEMQ returned -2.87%/yr vs 6.46%/yr for KBA. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

KEMQ vs. KBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) and KraneShares Bosera MSCI China A Share ETF (KBA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KEMQ achieves a 6.99% return, which is significantly lower than KBA's 12.62% return.

KEMQ

• 1D: -2.81%
• 1M: 7.12%
• YTD: 6.99%
• 6M: 8.35%
• 1Y: 36.95%
• 3Y*: 24.42%
• 5Y*: -2.87%
• 10Y*: —

KBA

• 1D: 0.14%
• 1M: 4.32%
• YTD: 12.62%
• 6M: 16.80%
• 1Y: 49.12%
• 3Y*: 16.22%
• 5Y*: 6.46%
• 10Y*: 10.15%

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

KEMQ vs. KBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF	6.99%	56.28%	13.81%	0.77%	-38.09%	-27.31%	39.26%	28.26%	-25.52%	1.88%
KBA KraneShares Bosera MSCI China A Share ETF	12.62%	33.88%	15.73%	-16.77%	-3.49%	3.17%	41.62%	35.44%	-26.28%	2.16%

Correlation

The correlation between KEMQ and KBA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Oct 13, 2017	0.63

The correlation between KEMQ and KBA has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

KEMQ vs. KBA - Sectors Allocation Comparison

Sectors	KEMQ	KBA
Technology	45.0%	29.8%
Consumer Cyclical	33.0%	5.7%
Communication Services	15.5%	1.6%
Healthcare	3.5%	4.1%
Consumer Defensive	0.4%	6.8%
Basic Materials	-	10.9%
Energy	-	3.2%
Financial Services	-	18.5%
Industrials	-	15.8%
Real Estate	-	0.6%
Utilities	-	3.2%

Return for Risk

KEMQ vs. KBA — Risk / Return Rank

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

KEMQ

KEMQ Risk / Return Rank: 36
KEMQ Sharpe Ratio Rank: 40
KEMQ Sortino Ratio Rank: 38
KEMQ Omega Ratio Rank: 38
KEMQ Calmar Ratio Rank: 34
KEMQ Martin Ratio Rank: 31

KBA

KBA Risk / Return Rank: 85
KBA Sharpe Ratio Rank: 84
KBA Sortino Ratio Rank: 84
KBA Omega Ratio Rank: 83
KBA Calmar Ratio Rank: 93
KBA Martin Ratio Rank: 84

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.

KEMQ vs. KBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) and KraneShares Bosera MSCI China A Share ETF (KBA). 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	KBA	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.80	-1.38
Sortino ratio: Return per unit of downside risk	2.00	3.80	-1.80
Omega ratio: Gain probability vs. loss probability	1.25	1.50	-0.25
Calmar ratio: Return relative to maximum drawdown	1.69	6.45	-4.76
Martin ratio: Return relative to average drawdown	4.52	17.29	-12.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KEMQ vs. KBA - Sharpe Ratio Comparison

The current KEMQ Sharpe Ratio is 1.42, which is lower than the KBA Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of KEMQ and KBA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KEMQ	KBA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	2.80	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.24	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.35	-0.29

Drawdowns

KEMQ vs. KBA - Drawdown Comparison

The maximum KEMQ drawdown since its inception was -70.72%, which is greater than KBA's maximum drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for KEMQ and KBA.

Drawdown Indicators

	KEMQ	KBA	Difference
Max Drawdown Largest peak-to-trough decline	-70.72%	-53.24%	-17.48%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	-7.65%	-14.29%
Max Drawdown (3Y) Largest decline over 3 years	-21.94%	-31.23%	+9.29%
Max Drawdown (5Y) Largest decline over 5 years	-66.02%	-39.95%	-26.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.32%	—
Current Drawdown Current decline from peak	-28.14%	-1.25%	-26.89%
Average Drawdown Average peak-to-trough decline	-35.69%	-25.81%	-9.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.20%	2.85%	+5.35%

Volatility

KEMQ vs. KBA - Volatility Comparison

KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) has a higher volatility of 10.09% compared to KraneShares Bosera MSCI China A Share ETF (KBA) at 7.29%. This indicates that KEMQ's price experiences larger fluctuations and is considered to be riskier than KBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KEMQ	KBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.09%	7.29%	+2.80%
Volatility (6M) Calculated over the trailing 6-month period	20.87%	12.44%	+8.43%
Volatility (1Y) Calculated over the trailing 1-year period	26.14%	17.65%	+8.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.88%	27.20%	+4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.58%	25.32%	+4.26%

KEMQ vs. KBA - Expense Ratio Comparison

Both KEMQ and KBA have an expense ratio of 0.60%.

Dividends

KEMQ vs. KBA - Dividend Comparison

KEMQ's dividend yield for the trailing twelve months is around 4.92%, more than KBA's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBA KraneShares Bosera MSCI China A Share ETF	1.39%	1.56%	2.18%	2.34%	49.05%	9.07%	0.65%	1.53%	3.77%	1.46%	6.62%	29.08%
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF	4.92%	5.27%	0.73%	0.29%	0.00%	0.28%	2.28%	1.76%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KEMQ and KBA in my portfolio?

KEMQ and KBA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEMQ or KBA?

KEMQ has higher volatility (10.09%) compared to KBA (7.29%). In terms of maximum drawdown, KEMQ dropped -70.72% vs KBA's -53.24%.

Which ETF is better, KEMQ or KBA?

On 5-year performance, KBA leads with 6.46% vs -2.87% for KEMQ. Both ETFs have the same 0.60% expense ratio. On volatility, KBA has been the lower-risk option at 7.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KEMQ or KBA?

Over the 5-year period, KBA has performed better with a 6.46% return vs -2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KEMQ or KBA?

KEMQ and KBA have the same expense ratio: 0.60% per year.

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

KEMQ has the higher dividend yield at 4.92%, compared with 1.39% for KBA.

What is the main difference between KEMQ and KBA?

KEMQ is categorized as Emerging Markets Equities, while KBA is China Equities. KEMQ tracks Solactive Emerging Markets Consumer Technology Index, while KBA tracks MSCI China A Index.

Which has better risk-adjusted returns?

KBA currently has the higher Sharpe Ratio (2.80 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.