KEMX vs. SPY
Compare and contrast key facts about KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) and SPDR S&P 500 ETF (SPY).
KEMX and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both KEMX and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KEMX or SPY.
Correlation
The correlation between KEMX and SPY is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
KEMX vs. SPY - Performance Comparison
Key characteristics
KEMX:
0.32
SPY:
2.21
KEMX:
0.52
SPY:
2.93
KEMX:
1.07
SPY:
1.41
KEMX:
0.42
SPY:
3.26
KEMX:
1.21
SPY:
14.43
KEMX:
4.02%
SPY:
1.90%
KEMX:
15.07%
SPY:
12.41%
KEMX:
-38.80%
SPY:
-55.19%
KEMX:
-9.93%
SPY:
-2.74%
Returns By Period
In the year-to-date period, KEMX achieves a 1.69% return, which is significantly lower than SPY's 25.54% return.
KEMX
1.69%
-1.94%
-3.00%
3.54%
4.40%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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KEMX vs. SPY - Expense Ratio Comparison
KEMX has a 0.25% expense ratio, which is higher than SPY's 0.09% 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%.
Risk-Adjusted Performance
KEMX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) and SPDR S&P 500 ETF (SPY). 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
KEMX vs. SPY - Dividend Comparison
KEMX's dividend yield for the trailing twelve months is around 3.34%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KEMX KraneShares MSCI Emerging Markets ex China Index ETF | 3.34% | 2.00% | 4.11% | 4.79% | 1.69% | 2.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
KEMX vs. SPY - Drawdown Comparison
The maximum KEMX drawdown since its inception was -38.80%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KEMX and SPY. For additional features, visit the drawdowns tool.
Volatility
KEMX vs. SPY - Volatility Comparison
KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) has a higher volatility of 3.97% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that KEMX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.