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KGRN vs. KVLE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KGRN vs. KVLE

Last updated Jun 26, 2026

KGRN (KraneShares MSCI China Clean Technology Index ETF) and KVLE (KFA Value Liner Dynamic Core Equity Index ETF) are both exchange-traded funds - KGRN is a China Equities fund tracking the MSCI China IMI Environment 10/40 Index, while KVLE is a Large Cap Value Equities fund tracking the 3D/L Value Line Dynamic Core Equity Index. Both are passively managed. Over the past 5 years, KGRN returned -12.17%/yr vs 10.03%/yr for KVLE. At a 0.25 correlation, their price movements are largely independent. KGRN charges 0.79%/yr vs 0.56%/yr for KVLE.

Performance

KGRN vs. KVLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares MSCI China Clean Technology Index ETF (KGRN) and KFA Value Liner Dynamic Core Equity Index ETF (KVLE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KGRN achieves a -13.26% return, which is significantly lower than KVLE's 9.95% return.

KGRN

1D
-1.22%
1M
-13.67%
YTD
-13.26%
6M
-13.39%
1Y
-10.47%
3Y*
-3.05%
5Y*
-12.17%
10Y*
—

KVLE

1D
0.04%
1M
0.79%
YTD
9.95%
6M
8.44%
1Y
17.95%
3Y*
14.48%
5Y*
10.03%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

KGRN vs. KVLE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
KGRN
KraneShares MSCI China Clean Technology Index ETF		-13.26%21.45%-1.11%-14.75%-40.45%5.91%9.61%
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		9.95%9.34%18.25%10.49%-5.96%28.01%1.71%

Correlation

The correlation between KGRN and KVLE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2020

0.25

KGRN vs. KVLE - Sectors Allocation Comparison

Sectors
KGRN
KVLE

Consumer Cyclical

36.2%
9.4%

Industrials

26.9%
8.9%

Utilities

21.2%
0.6%

Technology

11.6%
31.4%

Energy

3.4%
4.4%

Basic Materials

-

1.3%

Communication Services

-

4.1%

Consumer Defensive

-

6.6%

Financial Services

-

12.2%

Healthcare

-

9.3%

Real Estate

-

11.8%

Consumer Cyclical

KGRN
36.2%
KVLE
9.4%

Industrials

KGRN
26.9%
KVLE
8.9%

Utilities

KGRN
21.2%
KVLE
0.6%

Technology

KGRN
11.6%
KVLE
31.4%

Energy

KGRN
3.4%
KVLE
4.4%

Basic Materials

KGRN

-

KVLE
1.3%

Communication Services

KGRN

-

KVLE
4.1%

Consumer Defensive

KGRN

-

KVLE
6.6%

Financial Services

KGRN

-

KVLE
12.2%

Healthcare

KGRN

-

KVLE
9.3%

Real Estate

KGRN

-

KVLE
11.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

KraneShares MSCI China Clean Technology Index ETF

KFA Value Liner Dynamic Core Equity Index ETF

Often compared with KGRN:
KGRN vs. KBAKGRN vs. KARSKGRN vs. MCHIKGRN vs. FCAKGRN vs. ASHSKGRN vs. ASHRKGRN vs. CNYA
Often compared with KVLE:
KVLE vs. SPYKVLE vs. SCHDKVLE vs. VTVKVLE vs. VOOKVLE vs. DOGGKVLE vs. KBAKVLE vs. KLIP

Return for Risk

KGRN vs. KVLE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KGRN
KGRN Risk / Return Rank: 66
Overall Rank
KGRN Sharpe Ratio Rank: 66
Sharpe Ratio Rank
KGRN Sortino Ratio Rank: 66
Sortino Ratio Rank
KGRN Omega Ratio Rank: 66
Omega Ratio Rank
KGRN Calmar Ratio Rank: 66
Calmar Ratio Rank
KGRN Martin Ratio Rank: 55
Martin Ratio Rank
KVLE
KVLE Risk / Return Rank: 4949
Overall Rank
KVLE Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
KVLE Sortino Ratio Rank: 5353
Sortino Ratio Rank
KVLE Omega Ratio Rank: 5151
Omega Ratio Rank
KVLE Calmar Ratio Rank: 4242
Calmar Ratio Rank
KVLE Martin Ratio Rank: 4848
Martin Ratio Rank
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. 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.

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.

KGRNKVLEDifference
Sharpe ratioReturn per unit of total volatility
-0.45
1.61

-2.06

Sortino ratioReturn per unit of downside risk
-0.49
2.28

-2.77

Omega ratioGain probability vs. loss probability

0.94

1.29

-0.35

Calmar ratioReturn relative to maximum drawdown

-0.38

1.88

-2.26

Martin ratioReturn relative to average drawdown

-0.92

7.16

-8.08

KGRN vs. KVLE - Sharpe Ratio Comparison

The current KGRN Sharpe Ratio is -0.45, which is lower than the KVLE Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of KGRN and KVLE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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

KGRNKVLEDifference

Max Drawdown

Largest peak-to-trough decline

-66.24%

-18.38%

-47.86%

Max Drawdown (1Y)

Largest decline over 1 year

-27.39%

-9.59%

-17.80%

Max Drawdown (3Y)

Largest decline over 3 years

-42.19%

-16.39%

-25.80%

Max Drawdown (5Y)

Largest decline over 5 years

-63.60%

-18.38%

-45.22%

Current Drawdown

Current decline from peak

-54.58%

-1.15%

-53.43%

Average Drawdown

Average peak-to-trough decline

-34.05%

-3.19%

-30.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.44%

2.51%

+8.93%

Volatility

KGRN vs. KVLE - Volatility Comparison

KraneShares MSCI China Clean Technology Index ETF (KGRN) has a higher volatility of 6.77% compared to KFA Value Liner Dynamic Core Equity Index ETF (KVLE) at 3.61%. 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

KGRNKVLEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.77%

3.61%

+3.16%

Volatility (6M)

Calculated over the trailing 6-month period

16.09%

8.73%

+7.36%

Volatility (1Y)

Calculated over the trailing 1-year period

23.48%

11.22%

+12.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.67%

14.53%

+20.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.82%

14.32%

+18.50%

KGRN vs. KVLE - Expense Ratio Comparison

KGRN has a 0.79% expense ratio, which is higher than KVLE's 0.56% expense ratio.

Dividends

KGRN vs. KVLE - Dividend Comparison

KGRN's dividend yield for the trailing twelve months is around 0.98%, less than KVLE's 7.32% yield.

PositionTTM20252024202320222021202020192018
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%
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		7.32%7.90%7.99%2.53%5.78%9.51%0.35%0.00%0.00%

Frequently Asked Questions

KGRN and KVLE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KGRN has higher volatility (6.77%) compared to KVLE (3.61%). In terms of maximum drawdown, KGRN dropped -66.24% vs KVLE's -18.38%.

On 5-year performance, KVLE leads with 10.03% vs -12.17% for KGRN. On fees, KVLE is cheaper at 0.56% per year. On volatility, KVLE has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, KVLE has performed better with a 10.03% return vs -12.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KVLE is cheaper with a 0.56% expense ratio, compared with 0.79% for KGRN.

KVLE has the higher dividend yield at 7.32%, compared with 0.98% for KGRN.

KGRN is categorized as China Equities, while KVLE is Large Cap Value Equities. KGRN tracks MSCI China IMI Environment 10/40 Index, while KVLE tracks 3D/L Value Line Dynamic Core Equity Index. Their fees differ too: 0.79% for KGRN and 0.56% for KVLE.

KVLE currently has the higher Sharpe Ratio (1.61 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.

Portfolio Optimizer

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