KGRN vs. KVLE
Compare and contrast key facts about KraneShares MSCI China Clean Technology Index ETF (KGRN) and KFA Value Liner Dynamic Core Equity Index ETF (KVLE).
KGRN and KVLE 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. KVLE is a passively managed fund by CICC that tracks the performance of the 3D/L Value Line Dynamic Core Equity Index. It was launched on Nov 24, 2020. Both KGRN and KVLE 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. KVLE - Performance Comparison
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KGRN vs. KVLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KGRN KraneShares MSCI China Clean Technology Index ETF | 6.02% | 21.45% | -1.11% | -14.75% | -40.45% | 5.91% | 8.64% |
KVLE KFA Value Liner Dynamic Core Equity Index ETF | -2.24% | 9.34% | 18.25% | 10.49% | -5.96% | 28.01% | 1.36% |
Returns By Period
In the year-to-date period, KGRN achieves a 6.02% return, which is significantly higher than KVLE's -2.24% return.
KGRN
- 1D
- 0.78%
- 1M
- 4.51%
- YTD
- 6.02%
- 6M
- -9.29%
- 1Y
- 12.37%
- 3Y*
- 1.07%
- 5Y*
- -6.33%
- 10Y*
- —
KVLE
- 1D
- 2.22%
- 1M
- -5.83%
- YTD
- -2.24%
- 6M
- -3.41%
- 1Y
- 8.52%
- 3Y*
- 10.14%
- 5Y*
- 8.53%
- 10Y*
- —
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KGRN vs. KVLE - Expense Ratio Comparison
KGRN has a 0.79% expense ratio, which is higher than KVLE's 0.56% expense ratio.
Return for Risk
KGRN vs. KVLE — Risk / Return Rank
KGRN
KVLE
KGRN vs. KVLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI China Clean Technology Index ETF (KGRN) and KFA Value Liner Dynamic Core Equity Index ETF (KVLE). 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 | KVLE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 0.53 | -0.08 |
Sortino ratioReturn per unit of downside risk | 0.81 | 0.87 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.83 | -0.07 |
Martin ratioReturn relative to average drawdown | 1.44 | 3.33 | -1.89 |
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 | KVLE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.53 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.59 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.73 | -0.64 |
Correlation
The correlation between KGRN and KVLE is 0.25, 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
KGRN vs. KVLE - Dividend Comparison
KGRN's dividend yield for the trailing twelve months is around 0.81%, less than KVLE's 8.23% 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% |
KVLE KFA Value Liner Dynamic Core Equity Index ETF | 8.23% | 7.90% | 7.99% | 2.53% | 5.78% | 9.51% | 0.35% | 0.00% | 0.00% |
Drawdowns
KGRN vs. KVLE - Drawdown Comparison
The maximum KGRN drawdown since its inception was -66.24%, which is greater than KVLE's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for KGRN and KVLE.
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Drawdown Indicators
| KGRN | KVLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.24% | -18.38% | -47.86% |
Max Drawdown (1Y)Largest decline over 1 year | -17.26% | -11.56% | -5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | -18.38% | -45.22% |
Current DrawdownCurrent decline from peak | -44.48% | -7.58% | -36.90% |
Average DrawdownAverage peak-to-trough decline | -33.73% | -3.27% | -30.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 2.89% | +6.28% |
Volatility
KGRN vs. KVLE - Volatility Comparison
KraneShares MSCI China Clean Technology Index ETF (KGRN) has a higher volatility of 7.77% compared to KFA Value Liner Dynamic Core Equity Index ETF (KVLE) at 4.47%. This indicates that KGRN's price experiences larger fluctuations and is considered to be riskier than KVLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KGRN | KVLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 4.47% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 8.57% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | 16.21% | +11.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.85% | 14.54% | +20.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.06% | 14.44% | +18.62% |