KTEC vs. ASEA
Compare and contrast key facts about KraneShares Hang Seng TECH Index ETF (KTEC) and Global X FTSE Southeast Asia ETF (ASEA).
KTEC and ASEA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KTEC is a passively managed fund by KraneShares that tracks the performance of the Hang Seng Tech Index. It was launched on Jun 8, 2021. ASEA is a passively managed fund by Global X that tracks the performance of the FTSE/ASEAN 40 Index. It was launched on Feb 17, 2011. Both KTEC and ASEA 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: KTEC or ASEA.
Key characteristics
| KTEC | ASEA | |
|---|---|---|
| YTD Return | -5.05% | 18.92% |
| 1Y Return | -9.50% | 23.25% |
| 3Y Return (Ann) | -17.64% | 11.20% |
| Sharpe Ratio | -0.32 | 1.59 |
| Daily Std Dev | 32.40% | 14.20% |
| Max Drawdown | -66.90% | -44.13% |
| Current Drawdown | -57.36% | 0.00% |
Correlation
The correlation between KTEC and ASEA is 0.45, 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.
Performance
KTEC vs. ASEA - Performance Comparison
In the year-to-date period, KTEC achieves a -5.05% return, which is significantly lower than ASEA's 18.92% 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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KTEC vs. ASEA - Expense Ratio Comparison
KTEC has a 0.69% expense ratio, which is higher than ASEA's 0.65% expense ratio.
Risk-Adjusted Performance
KTEC vs. ASEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) and Global X FTSE Southeast Asia ETF (ASEA). 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
KTEC vs. ASEA - Dividend Comparison
KTEC's dividend yield for the trailing twelve months is around 0.85%, less than ASEA's 3.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | 0.85% | 0.81% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ASEA Global X FTSE Southeast Asia ETF | 3.52% | 3.76% | 2.23% | 4.19% | 2.27% | 2.51% | 3.08% | 1.59% | 2.78% | 3.64% | 2.65% | 3.83% |
Drawdowns
KTEC vs. ASEA - Drawdown Comparison
The maximum KTEC drawdown since its inception was -66.90%, which is greater than ASEA's maximum drawdown of -44.13%. Use the drawdown chart below to compare losses from any high point for KTEC and ASEA. For additional features, visit the drawdowns tool.
Volatility
KTEC vs. ASEA - Volatility Comparison
KraneShares Hang Seng TECH Index ETF (KTEC) has a higher volatility of 7.50% compared to Global X FTSE Southeast Asia ETF (ASEA) at 4.43%. This indicates that KTEC's price experiences larger fluctuations and is considered to be riskier than ASEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.