KTEC vs. CORT
KTEC (KraneShares Hang Seng TECH Index ETF) is China Equities fund tracking the Hang Seng Tech Index, while CORT (Corcept Therapeutics Incorporated) is a stock. Over the past 5 years, KTEC returned -11.24%/yr vs 30.95%/yr for CORT. At a 0.21 correlation, their price movements are largely independent.
Performance
KTEC vs. CORT - Performance Comparison
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Returns By Period
In the year-to-date period, KTEC achieves a -16.16% return, which is significantly lower than CORT's 138.25% return.
KTEC
- 1D
- -0.68%
- 1M
- -11.70%
- YTD
- -16.16%
- 6M
- -17.79%
- 1Y
- -16.98%
- 3Y*
- 3.50%
- 5Y*
- -11.24%
- 10Y*
- —
CORT
- 1D
- -0.41%
- 1M
- 45.25%
- YTD
- 138.25%
- 6M
- -5.77%
- 1Y
- 16.48%
- 3Y*
- 52.65%
- 5Y*
- 30.95%
- 10Y*
- 31.68%
KTEC vs. CORT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | -16.16% | 21.01% | 16.13% | -10.41% | -26.12% | -29.98% |
CORT Corcept Therapeutics Incorporated | 138.25% | -30.94% | 55.14% | 59.92% | 2.58% | -7.99% |
Correlation
The correlation between KTEC and CORT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.21 |
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Return for Risk
KTEC vs. CORT — Risk / Return Rank
KTEC
CORT
KTEC vs. CORT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) and Corcept Therapeutics Incorporated (CORT). 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 | CORT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.17 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 0.26 | -0.82 |
| Martin ratioReturn relative to average drawdown | -1.00 | 0.47 | -1.47 |
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Drawdowns
KTEC vs. CORT - Drawdown Comparison
The maximum KTEC drawdown since its inception was -66.90%, smaller than the maximum CORT drawdown of -94.29%. Use the drawdown chart below to compare losses from any high point for KTEC and CORT.
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Drawdown Indicators
| KTEC | CORT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.90% | -94.29% | +27.39% |
Max Drawdown (1Y)Largest decline over 1 year | -30.47% | -64.40% | +33.93% |
Max Drawdown (3Y)Largest decline over 3 years | -34.71% | -71.85% | +37.14% |
Max Drawdown (5Y)Largest decline over 5 years | -66.90% | -71.85% | +4.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.85% | — |
Current DrawdownCurrent decline from peak | -47.09% | -27.41% | -19.68% |
Average DrawdownAverage peak-to-trough decline | -43.95% | -53.45% | +9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.97% | 35.37% | -18.40% |
Volatility
KTEC vs. CORT - Volatility Comparison
The current volatility for KraneShares Hang Seng TECH Index ETF (KTEC) is 9.07%, while Corcept Therapeutics Incorporated (CORT) has a volatility of 14.28%. This indicates that KTEC experiences smaller price fluctuations and is considered to be less risky than CORT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KTEC | CORT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 14.28% | -5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 85.36% | -64.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.01% | 76.98% | -48.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.16% | 74.58% | -31.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.11% | 67.23% | -24.12% |
Dividends
KTEC vs. CORT - Dividend Comparison
KTEC's dividend yield for the trailing twelve months is around 4.00%, while CORT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CORT Corcept Therapeutics Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KTEC KraneShares Hang Seng TECH Index ETF | 4.00% | 3.36% | 0.27% | 0.81% | 0.16% |
Frequently Asked Questions
KTEC and CORT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CORT has higher volatility (14.28%) compared to KTEC (9.07%). In terms of maximum drawdown, KTEC dropped -66.90% vs CORT's -94.29%.
CORT currently has the higher Sharpe Ratio (0.21 vs -0.61), 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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