KGRN vs. ISVBF
KGRN (KraneShares MSCI China Clean Technology Index ETF) and ISVBF (iShares MSCI China A UCITS ETF) are both China Equities funds - KGRN tracks the MSCI China IMI Environment 10/40 Index while ISVBF tracks the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, KGRN returned -7.84%/yr vs -5.62%/yr for ISVBF. At a 0.29 correlation, their price movements are largely independent. KGRN charges 0.79%/yr vs 0.40%/yr for ISVBF.
Performance
KGRN vs. ISVBF - Performance Comparison
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Returns By Period
In the year-to-date period, KGRN achieves a 0.04% return, which is significantly higher than ISVBF's -8.72% return.
KGRN
- 1D
- -0.84%
- 1M
- -6.12%
- YTD
- 0.04%
- 6M
- -2.21%
- 1Y
- 4.70%
- 3Y*
- 2.68%
- 5Y*
- -7.84%
- 10Y*
- —
ISVBF
- 1D
- -2.42%
- 1M
- -4.76%
- YTD
- -8.72%
- 6M
- -10.61%
- 1Y
- 2.82%
- 3Y*
- 9.05%
- 5Y*
- -5.62%
- 10Y*
- —
KGRN vs. ISVBF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KGRN KraneShares MSCI China Clean Technology Index ETF | 0.04% | 21.45% | -1.11% | -14.75% | -40.45% | 18.28% |
ISVBF iShares MSCI China A UCITS ETF | -8.72% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
Correlation
The correlation between KGRN and ISVBF is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.29 |
Over the past year, KGRN and ISVBF have become more correlated (0.55) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
KGRN vs. ISVBF — Risk / Return Rank
KGRN
ISVBF
KGRN vs. ISVBF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI China Clean Technology Index ETF (KGRN) and iShares MSCI China A UCITS ETF (ISVBF). 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.
| KGRN | ISVBF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.15 | +0.13 |
| Martin ratioReturn relative to average drawdown | 0.46 | 0.34 | +0.12 |
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
| KGRN | ISVBF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 0.09 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | -0.19 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.17 | +0.24 |
Drawdowns
KGRN vs. ISVBF - Drawdown Comparison
The maximum KGRN drawdown since its inception was -66.24%, which is greater than ISVBF's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for KGRN and ISVBF.
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Drawdown Indicators
| KGRN | ISVBF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.24% | -53.78% | -12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -17.26% | -19.18% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -42.19% | -23.77% | -18.42% |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | -53.22% | -10.38% |
Current DrawdownCurrent decline from peak | -47.62% | -26.01% | -21.61% |
Average DrawdownAverage peak-to-trough decline | -33.96% | -32.76% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.13% | 8.28% | +1.85% |
Volatility
KGRN vs. ISVBF - Volatility Comparison
The current volatility for KraneShares MSCI China Clean Technology Index ETF (KGRN) is 7.36%, while iShares MSCI China A UCITS ETF (ISVBF) has a volatility of 11.06%. This indicates that KGRN experiences smaller price fluctuations and is considered to be less risky than ISVBF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KGRN | ISVBF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 11.06% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 15.12% | 26.63% | -11.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.05% | 30.67% | -7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.75% | 30.21% | +4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.86% | 30.21% | +2.65% |
KGRN vs. ISVBF - Expense Ratio Comparison
KGRN has a 0.79% expense ratio, which is higher than ISVBF's 0.40% expense ratio.
Dividends
KGRN vs. ISVBF - Dividend Comparison
KGRN's dividend yield for the trailing twelve months is around 0.85%, while ISVBF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KGRN KraneShares MSCI China Clean Technology Index ETF | 0.85% | 0.85% | 1.49% | 0.74% | 1.98% | 0.41% | 0.01% | 5.88% | 2.04% |
Frequently Asked Questions
KGRN and ISVBF have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (11.06%) compared to KGRN (7.36%). In terms of maximum drawdown, KGRN dropped -66.24% vs ISVBF's -53.78%.
On 5-year performance, ISVBF leads with -5.62% vs -7.84% for KGRN. On fees, ISVBF is cheaper at 0.40% per year. On volatility, KGRN has been the lower-risk option at 7.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -5.62% return vs -7.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.79% for KGRN.
KGRN has the higher dividend yield at 0.85%, compared with 0.00% for ISVBF.
KGRN tracks MSCI China IMI Environment 10/40 Index, while ISVBF tracks MSCI China A Inclusion Index. They also come from different issuers: CICC and iShares. Their fees differ too: 0.79% for KGRN and 0.40% for ISVBF.
KGRN currently has the higher Sharpe Ratio (0.20 vs 0.09), 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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