KTEC vs. ^HSI
KTEC (KraneShares Hang Seng TECH Index ETF) is China Equities fund tracking the Hang Seng Tech Index, while ^HSI (Hang Seng Index) is an index. Over the past 5 years, KTEC returned -7.23%/yr vs -0.26%/yr for ^HSI. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
KTEC vs. ^HSI - Performance Comparison
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Different Trading Currencies
KTEC is traded in USD, while ^HSI is traded in HKD. To make them comparable, the ^HSI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, KTEC achieves a -12.58% return, which is significantly lower than ^HSI's 0.11% return.
KTEC
- 1D
- 0.81%
- 1M
- 10.40%
- 6M
- -14.54%
- YTD
- -12.58%
- 1Y
- -11.77%
- 3Y*
- 0.64%
- 5Y*
- -7.23%
- 10Y*
- —
- ALL TIME*
- -10.38%
^HSI
- 1D
- 0.00%
- 1M
- 10.74%
- 6M
- -5.94%
- YTD
- 0.11%
- 1Y
- 5.60%
- 3Y*
- 8.69%
- 5Y*
- -0.26%
- 10Y*
- 1.46%
- ALL TIME*
- 0.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^HSI Hang Seng Index | $8.96T | $10.08T | $10.81T |
| $941.66K | $1.10M | $1.04M |
KTEC vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | -12.58% | 21.01% | 16.13% | -10.41% | -26.12% | -29.98% |
^HSI Hang Seng Index | 0.11% | 27.55% | 18.27% | -13.81% | -15.60% | -19.08% |
Correlation
The correlation between KTEC and ^HSI is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.51 |
The correlation between KTEC and ^HSI has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
KTEC vs. ^HSI — Risk / Return Rank
KTEC
^HSI
KTEC vs. ^HSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) and Hang Seng Index (^HSI). 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.
| KTEC | ^HSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.05 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.24 | -0.61 |
| Martin ratioReturn relative to average drawdown | -0.67 | 0.61 | -1.28 |
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Drawdowns
KTEC vs. ^HSI - Drawdown Comparison
The maximum KTEC drawdown since its inception was -66.90%, roughly equal to the maximum ^HSI drawdown of -65.19%. Use the drawdown chart below to compare losses from any high point for KTEC and ^HSI.
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Drawdown Indicators
| KTEC | ^HSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.90% | -65.19% | -1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -36.49% | -19.31% | -17.18% |
Max Drawdown (3Y)Largest decline over 3 years | -36.49% | -23.53% | -12.96% |
Max Drawdown (5Y)Largest decline over 5 years | -60.08% | -45.40% | -14.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.87% | — |
Current DrawdownCurrent decline from peak | -44.83% | -22.25% | -22.58% |
Average DrawdownAverage peak-to-trough decline | -44.05% | -28.84% | -15.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.47% | 7.46% | +13.01% |
Volatility
KTEC vs. ^HSI - Volatility Comparison
KraneShares Hang Seng TECH Index ETF (KTEC) has a higher volatility of 7.27% compared to Hang Seng Index (^HSI) at 5.37%. This indicates that KTEC's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KTEC | ^HSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 5.37% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 20.32% | 14.66% | +5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.20% | 19.17% | +9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.63% | 25.31% | +17.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.75% | 22.09% | +20.66% |
Frequently Asked Questions
KTEC and ^HSI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTEC has higher volatility (7.27%) compared to ^HSI (5.37%). In terms of maximum drawdown, KTEC dropped -66.90% vs ^HSI's -65.19%.
^HSI currently has the higher Sharpe Ratio (0.24 vs -0.49), 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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