KGRN vs. VOO
Compare and contrast key facts about KraneShares MSCI China Clean Technology Index ETF (KGRN) and Vanguard S&P 500 ETF (VOO).
KGRN and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both KGRN and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KGRN or VOO.
Key characteristics
| KGRN | VOO | |
|---|---|---|
| YTD Return | 1.96% | 27.26% |
| 1Y Return | 0.01% | 37.86% |
| 3Y Return (Ann) | -21.95% | 10.35% |
| 5Y Return (Ann) | 7.54% | 16.03% |
| Sharpe Ratio | -0.06 | 3.25 |
| Sortino Ratio | 0.18 | 4.31 |
| Omega Ratio | 1.02 | 1.61 |
| Calmar Ratio | -0.03 | 4.74 |
| Martin Ratio | -0.11 | 21.63 |
| Ulcer Index | 18.10% | 1.85% |
| Daily Std Dev | 36.36% | 12.25% |
| Max Drawdown | -66.36% | -33.99% |
| Current Drawdown | -55.71% | 0.00% |
Correlation
The correlation between KGRN and VOO is 0.39, 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.
Performance
KGRN vs. VOO - Performance Comparison
In the year-to-date period, KGRN achieves a 1.96% return, which is significantly lower than VOO's 27.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KGRN vs. VOO - Expense Ratio Comparison
KGRN has a 0.79% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
KGRN vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI China Clean Technology Index ETF (KGRN) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
KGRN vs. VOO - Dividend Comparison
KGRN's dividend yield for the trailing twelve months is around 0.73%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KGRN KraneShares MSCI China Clean Technology Index ETF | 0.73% | 0.74% | 1.60% | 0.41% | 0.01% | 5.88% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
KGRN vs. VOO - Drawdown Comparison
The maximum KGRN drawdown since its inception was -66.36%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for KGRN and VOO. For additional features, visit the drawdowns tool.
Volatility
KGRN vs. VOO - Volatility Comparison
KraneShares MSCI China Clean Technology Index ETF (KGRN) has a higher volatility of 14.45% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that KGRN's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.