KPRO vs. KARS
KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) and KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) are both exchange-traded funds - KPRO is a Options Trading fund actively managed by KraneShares, while KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index. KPRO is actively managed, while KARS is passively managed. Over the past year, KPRO returned -3.39% vs 28.24% for KARS. A 0.56 correlation means they provide meaningful diversification when combined. KPRO charges 0.95%/yr vs 0.72%/yr for KARS.
Performance
KPRO vs. KARS - Performance Comparison
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Returns By Period
In the year-to-date period, KPRO achieves a -4.41% return, which is significantly lower than KARS's -3.18% return.
KPRO
- 1D
- 0.28%
- 1M
- 1.14%
- 6M
- -5.56%
- YTD
- -4.41%
- 1Y
- -3.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KARS
- 1D
- -2.28%
- 1M
- -13.36%
- 6M
- -8.53%
- YTD
- -3.18%
- 1Y
- 28.24%
- 3Y*
- -2.81%
- 5Y*
- -6.50%
- 10Y*
- —
KPRO vs. KARS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | -4.41% | 7.79% | 11.98% |
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | -3.18% | 46.04% | -0.78% |
Correlation
The correlation between KPRO and KARS is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024 | 0.56 |
The correlation between KPRO and KARS has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
KPRO vs. KARS — Risk / Return Rank
KPRO
KARS
KPRO vs. KARS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) 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.
| KPRO | KARS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.18 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.28 | -1.53 |
| Martin ratioReturn relative to average drawdown | -0.46 | 4.29 | -4.76 |
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Drawdowns
KPRO vs. KARS - Drawdown Comparison
The maximum KPRO drawdown since its inception was -13.34%, smaller than the maximum KARS drawdown of -64.85%. Use the drawdown chart below to compare losses from any high point for KPRO and KARS.
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Drawdown Indicators
| KPRO | KARS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.34% | -64.85% | +51.51% |
Max Drawdown (1Y)Largest decline over 1 year | -13.34% | -22.20% | +8.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -47.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -64.85% | — |
Current DrawdownCurrent decline from peak | -11.26% | -40.98% | +29.72% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -28.41% | +25.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 6.60% | +0.72% |
Volatility
KPRO vs. KARS - Volatility Comparison
The current volatility for KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) is 1.34%, while KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a volatility of 8.21%. This indicates that KPRO 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.
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Volatility by Period
| KPRO | KARS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 8.21% | -6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 21.84% | -17.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 28.24% | -19.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 30.13% | -22.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.70% | 29.40% | -21.70% |
KPRO vs. KARS - Expense Ratio Comparison
KPRO has a 0.95% expense ratio, which is higher than KARS's 0.72% expense ratio.
Dividends
KPRO vs. KARS - Dividend Comparison
KPRO's dividend yield for the trailing twelve months is around 2.77%, more than KARS's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | 0.19% | 0.18% | 0.78% | 0.88% | 1.13% | 6.73% | 0.14% | 1.85% | 1.38% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | 2.77% | 2.65% | 3.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KPRO and KARS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KARS has higher volatility (8.21%) compared to KPRO (1.34%). In terms of maximum drawdown, KPRO dropped -13.34% vs KARS's -64.85%.
On 1-year performance, KARS leads with 28.24% vs -3.39% for KPRO. On fees, KARS is cheaper at 0.72% per year. On volatility, KPRO has been the lower-risk option at 1.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KARS has performed better with a 28.24% return vs -3.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KARS is cheaper with a 0.72% expense ratio, compared with 0.95% for KPRO.
KPRO has the higher dividend yield at 2.77%, compared with 0.19% for KARS.
KPRO is categorized as Options Trading, while KARS is Industrials Equities. Their fees differ too: 0.95% for KPRO and 0.72% for KARS.
KARS currently has the higher Sharpe Ratio (1.00 vs -0.39), 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.
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