KEMX vs. XLU
Compare and contrast key facts about KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) and Utilities Select Sector SPDR Fund (XLU).
KEMX and XLU 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. XLU is a passively managed fund by State Street that tracks the performance of the Utilities Select Sector Index. It was launched on Dec 16, 1998. Both KEMX and XLU 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. XLU - Performance Comparison
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KEMX vs. XLU - 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% |
XLU Utilities Select Sector SPDR Fund | 8.25% | 16.03% | 23.31% | -7.18% | 1.44% | 17.70% | 0.51% | 13.65% |
Returns By Period
In the year-to-date period, KEMX achieves a 9.35% return, which is significantly higher than XLU's 8.25% return.
KEMX
- 1D
- 4.34%
- 1M
- -11.07%
- YTD
- 9.35%
- 6M
- 21.09%
- 1Y
- 50.32%
- 3Y*
- 20.32%
- 5Y*
- 9.05%
- 10Y*
- —
XLU
- 1D
- -0.07%
- 1M
- -3.18%
- YTD
- 8.25%
- 6M
- 6.77%
- 1Y
- 19.71%
- 3Y*
- 14.12%
- 5Y*
- 10.80%
- 10Y*
- 9.74%
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KEMX vs. XLU - Expense Ratio Comparison
KEMX has a 0.25% expense ratio, which is higher than XLU's 0.13% 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. XLU — Risk / Return Rank
KEMX
XLU
KEMX vs. XLU - 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 Utilities Select Sector SPDR Fund (XLU). 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 | XLU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 1.25 | +1.11 |
Sortino ratioReturn per unit of downside risk | 3.00 | 1.71 | +1.30 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.23 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.29 | +0.96 |
Martin ratioReturn relative to average drawdown | 13.60 | 5.51 | +8.09 |
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 | XLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.25 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.63 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.41 | +0.09 |
Correlation
The correlation between KEMX and XLU is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
KEMX vs. XLU - Dividend Comparison
KEMX's dividend yield for the trailing twelve months is around 3.00%, more than XLU's 2.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XLU Utilities Select Sector SPDR Fund | 2.59% | 2.71% | 2.96% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.41% | 3.67% |
Drawdowns
KEMX vs. XLU - Drawdown Comparison
The maximum KEMX drawdown since its inception was -38.80%, smaller than the maximum XLU drawdown of -51.98%. Use the drawdown chart below to compare losses from any high point for KEMX and XLU.
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Drawdown Indicators
| KEMX | XLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -51.98% | +13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -9.18% | -6.18% |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | -25.26% | -5.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.07% | — |
Current DrawdownCurrent decline from peak | -11.68% | -3.18% | -8.50% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -10.26% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.82% | -0.15% |
Volatility
KEMX vs. XLU - Volatility Comparison
KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) has a higher volatility of 12.58% compared to Utilities Select Sector SPDR Fund (XLU) at 5.09%. This indicates that KEMX's price experiences larger fluctuations and is considered to be riskier than XLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KEMX | XLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 5.09% | +7.49% |
Volatility (6M)Calculated over the trailing 6-month period | 16.96% | 10.35% | +6.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 15.82% | +5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 17.18% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.61% | 19.21% | +1.40% |