KEMX vs. IDEV
Compare and contrast key facts about KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) and iShares Core MSCI International Developed Markets ETF (IDEV).
KEMX and IDEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KEMX is a passively managed fund by CICC that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Apr 12, 2019. IDEV is a passively managed fund by iShares that tracks the performance of the MSCI World ex USA Investable Market Index. It was launched on Mar 21, 2017. Both KEMX and IDEV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KEMX vs. IDEV - Performance Comparison
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KEMX vs. IDEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
KEMX KraneShares MSCI Emerging Markets ex China Index ETF | 9.35% | 38.28% | 0.36% | 20.57% | -19.35% | 10.55% | 12.84% | 7.93% |
IDEV iShares Core MSCI International Developed Markets ETF | 1.32% | 32.56% | 4.54% | 17.36% | -14.99% | 13.00% | 8.32% | 8.27% |
Returns By Period
In the year-to-date period, KEMX achieves a 9.35% return, which is significantly higher than IDEV's 1.32% return.
KEMX
- 1D
- 4.34%
- 1M
- -11.07%
- YTD
- 9.35%
- 6M
- 21.09%
- 1Y
- 50.32%
- 3Y*
- 20.32%
- 5Y*
- 9.05%
- 10Y*
- —
IDEV
- 1D
- 3.16%
- 1M
- -7.78%
- YTD
- 1.32%
- 6M
- 6.19%
- 1Y
- 25.70%
- 3Y*
- 15.12%
- 5Y*
- 8.28%
- 10Y*
- —
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KEMX vs. IDEV - Expense Ratio Comparison
KEMX has a 0.25% expense ratio, which is higher than IDEV's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
KEMX vs. IDEV — Risk / Return Rank
KEMX
IDEV
KEMX vs. IDEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) and iShares Core MSCI International Developed Markets ETF (IDEV). 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.
| KEMX | IDEV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 1.51 | +0.85 |
Sortino ratioReturn per unit of downside risk | 3.00 | 2.11 | +0.89 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.31 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.21 | +1.05 |
Martin ratioReturn relative to average drawdown | 13.60 | 8.73 | +4.87 |
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
| KEMX | IDEV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.51 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.52 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.51 | 0.00 |
Correlation
The correlation between KEMX and IDEV is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
KEMX vs. IDEV - Dividend Comparison
KEMX's dividend yield for the trailing twelve months is around 3.00%, less than IDEV's 3.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KEMX KraneShares MSCI Emerging Markets ex China Index ETF | 3.00% | 3.28% | 3.39% | 2.00% | 4.10% | 4.79% | 1.69% | 2.77% | 0.00% | 0.00% |
IDEV iShares Core MSCI International Developed Markets ETF | 3.36% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% |
Drawdowns
KEMX vs. IDEV - Drawdown Comparison
The maximum KEMX drawdown since its inception was -38.80%, which is greater than IDEV's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for KEMX and IDEV.
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Drawdown Indicators
| KEMX | IDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -34.77% | -4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -11.20% | -4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | -29.15% | -1.70% |
Current DrawdownCurrent decline from peak | -11.68% | -7.89% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -6.64% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.83% | +0.84% |
Volatility
KEMX vs. IDEV - Volatility Comparison
KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) has a higher volatility of 12.58% compared to iShares Core MSCI International Developed Markets ETF (IDEV) at 7.65%. This indicates that KEMX's price experiences larger fluctuations and is considered to be riskier than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KEMX | IDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 7.65% | +4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 16.96% | 10.90% | +6.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 17.11% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 16.12% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.61% | 17.26% | +3.35% |