KGRN vs. KARS

Last updated Jun 23, 2026

KGRN (KraneShares MSCI China Clean Technology Index ETF) and KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) are both exchange-traded funds - KGRN is a China Equities fund tracking the MSCI China IMI Environment 10/40 Index, while KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index. Both are passively managed. Over the past 5 years, KGRN returned -10.86%/yr vs -3.75%/yr for KARS. A 0.70 correlation means they provide meaningful diversification when combined. KGRN charges 0.79%/yr vs 0.72%/yr for KARS.

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.

Returns By Period

In the year-to-date period, KGRN achieves a -8.65% return, which is significantly lower than KARS's 9.74% return.

KGRN

• 1D: 0.76%
• 1M: -8.44%
• YTD: -8.65%
• 6M: -10.18%
• 1Y: -1.72%
• 3Y*: -0.90%
• 5Y*: -10.86%
• 10Y*: —

KARS

• 1D: -0.37%
• 1M: -5.56%
• YTD: 9.74%
• 6M: 9.13%
• 1Y: 58.53%
• 3Y*: 4.50%
• 5Y*: -3.75%
• 10Y*: —

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

KGRN vs. KARS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KGRN KraneShares MSCI China Clean Technology Index ETF	-8.65%	21.45%	-1.11%	-14.75%	-40.45%	5.91%	138.49%	12.12%	-33.34%
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	9.74%	46.04%	-17.88%	-7.85%	-39.20%	24.11%	71.17%	34.66%	-28.04%

Correlation

The correlation between KGRN and KARS is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018	0.70

The correlation between KGRN and KARS has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.

KGRN vs. KARS - Sectors Allocation Comparison

Sectors	KGRN	KARS
Consumer Cyclical	36.2%	33.5%
Industrials	26.9%	22.1%
Utilities	21.2%	-
Technology	11.6%	19.0%
Energy	3.4%	-
Basic Materials	-	25.4%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

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: 8
KGRN Sharpe Ratio Rank: 8
KGRN Sortino Ratio Rank: 8
KGRN Omega Ratio Rank: 8
KGRN Calmar Ratio Rank: 8
KGRN Martin Ratio Rank: 8

KARS

KARS Risk / Return Rank: 67
KARS Sharpe Ratio Rank: 69
KARS Sortino Ratio Rank: 58
KARS Omega Ratio Rank: 60
KARS Calmar Ratio Rank: 76
KARS Martin Ratio Rank: 73

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.

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	KARS	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	2.14	-2.22
Sortino ratio: Return per unit of downside risk	0.06	2.68	-2.62
Omega ratio: Gain probability vs. loss probability	1.01	1.35	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.07	3.75	-3.82
Martin ratio: Return relative to average drawdown	-0.16	13.33	-13.48

KGRN vs. KARS - Sharpe Ratio Comparison

The current KGRN Sharpe Ratio is -0.07, which is lower than the KARS Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of KGRN and KARS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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	-24.11%	-15.68%	-8.43%
Max Drawdown (3Y) Largest decline over 3 years	-42.19%	-47.79%	+5.60%
Max Drawdown (5Y) Largest decline over 5 years	-63.60%	-64.85%	+1.25%
Current Drawdown Current decline from peak	-52.16%	-33.11%	-19.05%
Average Drawdown Average peak-to-trough decline	-34.03%	-28.33%	-5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.07%	4.40%	+6.67%

Volatility

KGRN vs. KARS - Volatility Comparison

The current volatility for KraneShares MSCI China Clean Technology Index ETF (KGRN) is 6.53%, while KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a volatility of 10.95%. 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	6.53%	10.95%	-4.42%
Volatility (6M) Calculated over the trailing 6-month period	15.89%	20.86%	-4.97%
Volatility (1Y) Calculated over the trailing 1-year period	23.48%	27.51%	-4.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.65%	30.04%	+4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.82%	29.38%	+3.44%

KGRN vs. KARS - Expense Ratio Comparison

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

Dividends

KGRN vs. KARS - Dividend Comparison

KGRN's dividend yield for the trailing twelve months is around 0.94%, more than KARS's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
KGRN KraneShares MSCI China Clean Technology Index ETF	0.94%	0.85%	1.49%	0.74%	1.98%	0.41%	0.01%	5.88%	2.04%

Frequently Asked Questions

Can I hold both KGRN and KARS in my portfolio?

KGRN and KARS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KGRN or KARS?

KARS has higher volatility (10.95%) compared to KGRN (6.53%). In terms of maximum drawdown, KGRN dropped -66.24% vs KARS's -64.85%.

Which ETF is better, KGRN or KARS?

On 5-year performance, KARS leads with -3.75% vs -10.86% for KGRN. On fees, KARS is cheaper at 0.72% per year. On volatility, KGRN has been the lower-risk option at 6.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KGRN or KARS?

Over the 5-year period, KARS has performed better with a -3.75% return vs -10.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KGRN or KARS?

KARS is cheaper with a 0.72% expense ratio, compared with 0.79% for KGRN.

Which ETF pays a higher dividend yield, KGRN or KARS?

KGRN has the higher dividend yield at 0.94%, compared with 0.17% for KARS.

What is the main difference between KGRN and KARS?

KGRN is categorized as China Equities, while KARS is Industrials Equities. KGRN tracks MSCI China IMI Environment 10/40 Index, while KARS tracks Bloomberg Electric Vehicles Index. They also come from different issuers: CICC and KraneShares. Their fees differ too: 0.79% for KGRN and 0.72% for KARS.

Which has better risk-adjusted returns?

KARS currently has the higher Sharpe Ratio (2.14 vs -0.07), 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.