KGRN vs. KARS

Last updated Apr 1, 2026

Compare and contrast key facts about KraneShares MSCI China Clean Technology Index ETF (KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS).

KGRN and KARS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KGRN is a passively managed fund by CICC that tracks the performance of the MSCI China IMI Environment 10/40 Index. It was launched on Oct 13, 2017. KARS is a passively managed fund by KraneShares that tracks the performance of the Bloomberg Electric Vehicles Index. It was launched on Jan 18, 2018. Both KGRN and KARS 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

KGRN vs. KARS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares MSCI China Clean Technology Index ETF (KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS). The values are adjusted to include any dividend payments, if applicable.

KGRN vs. KARS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KGRN KraneShares MSCI China Clean Technology Index ETF	6.02%	21.45%	-1.11%	-14.75%	-40.45%	5.91%	138.49%	12.12%	-32.76%
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	5.76%	46.04%	-17.88%	-7.85%	-39.20%	24.11%	71.17%	34.66%	-28.33%

Returns By Period

The year-to-date returns for both stocks are quite close, with KGRN having a 6.02% return and KARS slightly lower at 5.76%.

KGRN

• 1D: 0.78%
• 1M: 4.51%
• YTD: 6.02%
• 6M: -9.29%
• 1Y: 12.37%
• 3Y*: 1.07%
• 5Y*: -6.33%
• 10Y*: —

KARS

• 1D: 2.70%
• 1M: -2.48%
• YTD: 5.76%
• 6M: 6.44%
• 1Y: 52.44%
• 3Y*: 2.35%
• 5Y*: -3.85%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KGRN vs. KARS - Expense Ratio Comparison

KGRN has a 0.79% expense ratio, which is higher than KARS's 0.72% expense ratio.

KGRN

KraneShares MSCI China Clean Technology Index ETF

KARS

KraneShares Electric Vehicles and Future Mobility Index ETF

Return for Risk

KGRN vs. KARS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KGRN

KGRN Risk / Return Rank: 27
KGRN Sharpe Ratio Rank: 26
KGRN Sortino Ratio Rank: 28
KGRN Omega Ratio Rank: 27
KGRN Calmar Ratio Rank: 32
KGRN Martin Ratio Rank: 22

KARS

KARS Risk / Return Rank: 89
KARS Sharpe Ratio Rank: 88
KARS Sortino Ratio Rank: 89
KARS Omega Ratio Rank: 85
KARS Calmar Ratio Rank: 89
KARS Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KGRN vs. KARS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI China Clean Technology Index ETF (KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS). 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	KARS	Difference
Sharpe ratio Return per unit of total volatility	0.45	1.85	-1.40
Sortino ratio Return per unit of downside risk	0.81	2.46	-1.65
Omega ratio Gain probability vs. loss probability	1.11	1.33	-0.22
Calmar ratio Return relative to maximum drawdown	0.77	2.88	-2.12
Martin ratio Return relative to average drawdown	1.44	12.52	-11.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KGRN vs. KARS - Sharpe Ratio Comparison

The current KGRN Sharpe Ratio is 0.45, which is lower than the KARS Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of KGRN and KARS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KGRN	KARS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	1.85	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	-0.13	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.16	-0.07

Correlation

The correlation between KGRN and KARS is 0.70, 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

KGRN vs. KARS - Dividend Comparison

KGRN's dividend yield for the trailing twelve months is around 0.81%, more than KARS's 0.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KGRN KraneShares MSCI China Clean Technology Index ETF	0.81%	0.85%	1.49%	0.74%	1.98%	0.41%	0.01%	5.88%	2.04%
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	0.17%	0.18%	0.78%	0.88%	1.13%	6.73%	0.14%	1.85%	1.38%

Drawdowns

KGRN vs. KARS - Drawdown Comparison

The maximum KGRN drawdown since its inception was -66.24%, roughly equal to the maximum KARS drawdown of -64.85%. Use the drawdown chart below to compare losses from any high point for KGRN and KARS.

Drawdown Indicators

	KGRN	KARS	Difference
Max Drawdown Largest peak-to-trough decline	-66.24%	-64.85%	-1.39%
Max Drawdown (1Y) Largest decline over 1 year	-17.26%	-17.74%	+0.48%
Max Drawdown (5Y) Largest decline over 5 years	-63.60%	-64.85%	+1.25%
Current Drawdown Current decline from peak	-44.48%	-35.53%	-8.95%
Average Drawdown Average peak-to-trough decline	-33.73%	-28.30%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.17%	4.09%	+5.08%

Volatility

KGRN vs. KARS - Volatility Comparison

The current volatility for KraneShares MSCI China Clean Technology Index ETF (KGRN) is 7.77%, while KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a volatility of 10.90%. This indicates that KGRN experiences smaller price fluctuations and is considered to be less risky than KARS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KGRN	KARS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	10.90%	-3.13%
Volatility (6M) Calculated over the trailing 6-month period	17.67%	19.51%	-1.84%
Volatility (1Y) Calculated over the trailing 1-year period	27.60%	28.53%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.85%	29.62%	+5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.06%	29.33%	+3.73%