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KGRN vs. MCHI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between KGRN and MCHI is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.7

Performance

KGRN vs. MCHI - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
13.10%
10.58%
KGRN
MCHI

Key characteristics

Sharpe Ratio

KGRN:

0.19

MCHI:

0.71

Sortino Ratio

KGRN:

0.54

MCHI:

1.24

Omega Ratio

KGRN:

1.07

MCHI:

1.16

Calmar Ratio

KGRN:

0.10

MCHI:

0.38

Martin Ratio

KGRN:

0.50

MCHI:

2.12

Ulcer Index

KGRN:

13.76%

MCHI:

10.73%

Daily Std Dev

KGRN:

36.50%

MCHI:

32.16%

Max Drawdown

KGRN:

-66.36%

MCHI:

-62.84%

Current Drawdown

KGRN:

-57.30%

MCHI:

-47.14%

Returns By Period

In the year-to-date period, KGRN achieves a -1.70% return, which is significantly lower than MCHI's 18.34% return.


KGRN

YTD

-1.70%

1M

-0.67%

6M

15.37%

1Y

3.52%

5Y*

5.60%

10Y*

N/A

MCHI

YTD

18.34%

1M

0.04%

6M

11.32%

1Y

19.42%

5Y*

-3.95%

10Y*

1.43%

Compare stocks, funds, or ETFs

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


KGRN vs. MCHI - Expense Ratio Comparison

KGRN has a 0.79% expense ratio, which is higher than MCHI's 0.59% expense ratio.


KGRN
KraneShares MSCI China Clean Technology Index ETF
Expense ratio chart for KGRN: current value at 0.79% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.79%
Expense ratio chart for MCHI: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%

Risk-Adjusted Performance

KGRN vs. MCHI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI China Clean Technology Index ETF (KGRN) and iShares MSCI China ETF (MCHI). 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.


Sharpe ratio
The chart of Sharpe ratio for KGRN, currently valued at 0.19, compared to the broader market0.002.004.000.190.71
The chart of Sortino ratio for KGRN, currently valued at 0.54, compared to the broader market-2.000.002.004.006.008.0010.000.541.24
The chart of Omega ratio for KGRN, currently valued at 1.07, compared to the broader market0.501.001.502.002.503.001.071.16
The chart of Calmar ratio for KGRN, currently valued at 0.10, compared to the broader market0.005.0010.0015.000.100.38
The chart of Martin ratio for KGRN, currently valued at 0.50, compared to the broader market0.0020.0040.0060.0080.00100.000.502.12
KGRN
MCHI

The current KGRN Sharpe Ratio is 0.19, which is lower than the MCHI Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of KGRN and MCHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.19
0.71
KGRN
MCHI

Dividends

KGRN vs. MCHI - Dividend Comparison

KGRN has not paid dividends to shareholders, while MCHI's dividend yield for the trailing twelve months is around 2.30%.


TTM20232022202120202019201820172016201520142013
KGRN
KraneShares MSCI China Clean Technology Index ETF
0.00%0.74%1.60%0.41%0.01%5.88%2.04%0.00%0.00%0.00%0.00%0.00%
MCHI
iShares MSCI China ETF
2.30%3.49%2.16%1.04%1.04%1.45%1.60%1.56%1.66%2.76%2.35%2.37%

Drawdowns

KGRN vs. MCHI - Drawdown Comparison

The maximum KGRN drawdown since its inception was -66.36%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for KGRN and MCHI. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%JulyAugustSeptemberOctoberNovemberDecember
-57.30%
-47.14%
KGRN
MCHI

Volatility

KGRN vs. MCHI - Volatility Comparison

KraneShares MSCI China Clean Technology Index ETF (KGRN) has a higher volatility of 10.94% compared to iShares MSCI China ETF (MCHI) at 10.39%. This indicates that KGRN's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
10.94%
10.39%
KGRN
MCHI
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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