KTEC vs. KWEB
Compare and contrast key facts about KraneShares Hang Seng TECH Index ETF (KTEC) and KraneShares CSI China Internet ETF (KWEB).
KTEC and KWEB 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. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. Both KTEC and KWEB 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 KWEB.
Key characteristics
| KTEC | KWEB | |
|---|---|---|
| YTD Return | 20.15% | 18.52% |
| 1Y Return | 15.48% | 21.37% |
| 3Y Return (Ann) | -9.23% | -10.00% |
| Sharpe Ratio | 0.32 | 0.49 |
| Sortino Ratio | 0.77 | 1.00 |
| Omega Ratio | 1.09 | 1.12 |
| Calmar Ratio | 0.20 | 0.25 |
| Martin Ratio | 0.86 | 1.54 |
| Ulcer Index | 15.15% | 12.25% |
| Daily Std Dev | 40.46% | 38.48% |
| Max Drawdown | -66.90% | -80.92% |
| Current Drawdown | -46.04% | -66.27% |
Correlation
The correlation between KTEC and KWEB is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KTEC vs. KWEB - Performance Comparison
In the year-to-date period, KTEC achieves a 20.15% return, which is significantly higher than KWEB's 18.52% 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. KWEB - Expense Ratio Comparison
KTEC has a 0.69% expense ratio, which is lower than KWEB's 0.76% expense ratio.
Risk-Adjusted Performance
KTEC vs. KWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) and KraneShares CSI China Internet ETF (KWEB). 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. KWEB - Dividend Comparison
KTEC's dividend yield for the trailing twelve months is around 0.67%, less than KWEB's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | 0.67% | 0.81% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KWEB KraneShares CSI China Internet ETF | 1.44% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
Drawdowns
KTEC vs. KWEB - Drawdown Comparison
The maximum KTEC drawdown since its inception was -66.90%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for KTEC and KWEB. For additional features, visit the drawdowns tool.
Volatility
KTEC vs. KWEB - Volatility Comparison
KraneShares Hang Seng TECH Index ETF (KTEC) and KraneShares CSI China Internet ETF (KWEB) have volatilities of 14.31% and 14.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.