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 -12.17%/yr vs -6.63%/yr for ISVBF. At a 0.30 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 -13.26% return, which is significantly higher than ISVBF's -14.80% return.
KGRN
- 1D
- -1.22%
- 1M
- -13.67%
- YTD
- -13.26%
- 6M
- -13.39%
- 1Y
- -10.47%
- 3Y*
- -3.05%
- 5Y*
- -12.17%
- 10Y*
- —
ISVBF
- 1D
- -0.85%
- 1M
- -9.22%
- YTD
- -14.80%
- 6M
- -14.96%
- 1Y
- -6.39%
- 3Y*
- 7.90%
- 5Y*
- -6.63%
- 10Y*
- —
KGRN vs. ISVBF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KGRN KraneShares MSCI China Clean Technology Index ETF | -13.26% | 21.45% | -1.11% | -14.75% | -40.45% | 18.46% |
ISVBF iShares MSCI China A UCITS ETF | -14.80% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
Correlation
The correlation between KGRN and ISVBF is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.30 |
Over the past year, KGRN and ISVBF have become more correlated (0.56) than their long-term average of 0.30, 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KGRN | ISVBF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.99 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | -0.28 | -0.10 |
| Martin ratioReturn relative to average drawdown | -0.92 | -0.68 | -0.23 |
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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 | -27.39% | -22.63% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -42.19% | -23.77% | -18.42% |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | -52.51% | -11.09% |
Current DrawdownCurrent decline from peak | -54.58% | -30.95% | -23.63% |
Average DrawdownAverage peak-to-trough decline | -34.05% | -32.68% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.44% | 9.39% | +2.05% |
Volatility
KGRN vs. ISVBF - Volatility Comparison
The current volatility for KraneShares MSCI China Clean Technology Index ETF (KGRN) is 6.77%, while iShares MSCI China A UCITS ETF (ISVBF) has a volatility of 7.55%. 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 | 6.77% | 7.55% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 26.94% | -10.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 30.86% | -7.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.67% | 30.32% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.82% | 30.14% | +2.68% |
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 0.98%, 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 | 0.98% | 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 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (7.55%) compared to KGRN (6.77%). In terms of maximum drawdown, KGRN dropped -66.24% vs ISVBF's -53.78%.
On 5-year performance, ISVBF leads with -6.63% vs -12.17% for KGRN. On fees, ISVBF is cheaper at 0.40% per year. On volatility, KGRN has been the lower-risk option at 6.77%. 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 -6.63% return vs -12.17%. 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 0.98%, 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.
ISVBF currently has the higher Sharpe Ratio (-0.21 vs -0.45), 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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