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 -12.60%/yr vs -4.01%/yr for ^HSI. A 0.51 correlation means they provide meaningful diversification when combined.
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 -21.33% return, which is significantly lower than ^HSI's -7.93% return.
KTEC
- 1D
- -2.22%
- 1M
- -7.85%
- YTD
- -21.33%
- 6M
- -21.98%
- 1Y
- -19.03%
- 3Y*
- 3.17%
- 5Y*
- -12.60%
- 10Y*
- —
^HSI
- 1D
- 0.00%
- 1M
- -7.21%
- YTD
- -7.93%
- 6M
- -8.50%
- 1Y
- 0.48%
- 3Y*
- 7.92%
- 5Y*
- -4.01%
- 10Y*
- 1.51%
KTEC vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | -21.33% | 21.01% | 16.13% | -10.41% | -26.12% | -29.98% |
^HSI Hang Seng Index | -7.95% | 27.55% | 18.27% | -13.81% | -15.60% | -19.08% |
Correlation
The correlation between KTEC and ^HSI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year 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 0.44 to 0.53 - 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 | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.02 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 0.03 | -0.58 |
| Martin ratioReturn relative to average drawdown | -1.08 | 0.08 | -1.16 |
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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 | -34.76% | -15.37% | -19.39% |
Max Drawdown (3Y)Largest decline over 3 years | -34.76% | -25.67% | -9.09% |
Max Drawdown (5Y)Largest decline over 5 years | -66.90% | -50.41% | -16.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.87% | — |
Current DrawdownCurrent decline from peak | -50.35% | -28.49% | -21.86% |
Average DrawdownAverage peak-to-trough decline | -43.97% | -28.67% | -15.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.67% | 5.94% | +11.73% |
Volatility
KTEC vs. ^HSI - Volatility Comparison
KraneShares Hang Seng TECH Index ETF (KTEC) has a higher volatility of 8.17% compared to Hang Seng Index (^HSI) at 5.31%. 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 | 8.17% | 5.31% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 20.90% | 13.95% | +6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.88% | 18.54% | +9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.21% | 25.47% | +17.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.05% | 22.03% | +21.02% |
Frequently Asked Questions
KTEC and ^HSI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTEC has higher volatility (8.17%) compared to ^HSI (5.31%). In terms of maximum drawdown, KTEC dropped -66.90% vs ^HSI's -65.19%.
^HSI currently has the higher Sharpe Ratio (0.03 vs -0.69), 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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