KTEC vs. EUNL.DE
Compare and contrast key facts about KraneShares Hang Seng TECH Index ETF (KTEC) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE).
KTEC and EUNL.DE 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. EUNL.DE is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Sep 25, 2009. Both KTEC and EUNL.DE 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 EUNL.DE.
Key characteristics
| KTEC | EUNL.DE | |
|---|---|---|
| YTD Return | 15.30% | 25.38% |
| 1Y Return | 8.87% | 32.84% |
| 3Y Return (Ann) | -12.89% | 9.74% |
| Sharpe Ratio | 0.29 | 2.97 |
| Sortino Ratio | 0.72 | 3.98 |
| Omega Ratio | 1.08 | 1.62 |
| Calmar Ratio | 0.18 | 3.97 |
| Martin Ratio | 0.77 | 19.09 |
| Ulcer Index | 15.23% | 1.69% |
| Daily Std Dev | 40.87% | 10.82% |
| Max Drawdown | -66.90% | -33.63% |
| Current Drawdown | -48.22% | -0.34% |
Correlation
The correlation between KTEC and EUNL.DE is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KTEC vs. EUNL.DE - Performance Comparison
In the year-to-date period, KTEC achieves a 15.30% return, which is significantly lower than EUNL.DE's 25.38% 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. EUNL.DE - Expense Ratio Comparison
KTEC has a 0.69% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Risk-Adjusted Performance
KTEC vs. EUNL.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE). 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. EUNL.DE - Dividend Comparison
KTEC's dividend yield for the trailing twelve months is around 0.70%, while EUNL.DE has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | 0.70% | 0.81% | 0.16% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
Drawdowns
KTEC vs. EUNL.DE - Drawdown Comparison
The maximum KTEC drawdown since its inception was -66.90%, which is greater than EUNL.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for KTEC and EUNL.DE. For additional features, visit the drawdowns tool.
Volatility
KTEC vs. EUNL.DE - Volatility Comparison
KraneShares Hang Seng TECH Index ETF (KTEC) has a higher volatility of 15.41% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 3.07%. This indicates that KTEC's price experiences larger fluctuations and is considered to be riskier than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.