KTEC vs. SGOV
KTEC (KraneShares Hang Seng TECH Index ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - KTEC is a China Equities fund tracking the Hang Seng Tech Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, KTEC returned -12.60%/yr vs 3.58%/yr for SGOV. At a 0.04 correlation, their price movements are largely independent. KTEC charges 0.69%/yr vs 0.09%/yr for SGOV.
Performance
KTEC vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, KTEC achieves a -21.33% return, which is significantly lower than SGOV's 1.71% return.
KTEC
- 1D
- -2.22%
- 1M
- -7.85%
- YTD
- -21.33%
- 6M
- -21.98%
- 1Y
- -19.03%
- 3Y*
- 3.17%
- 5Y*
- -12.60%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
KTEC vs. SGOV - 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.71% | 4.24% | 5.27% | 5.12% | 1.58% | 0.02% |
Correlation
The correlation between KTEC and SGOV is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.04 |
The correlation between KTEC and SGOV shifts across timeframes, from -0.08 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KTEC vs. SGOV — Risk / Return Rank
KTEC
SGOV
KTEC vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.01 | ||
| Sortino ratioReturn per unit of downside risk | -274.44 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 194.05 | -193.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 395.07 | -395.62 |
| Martin ratioReturn relative to average drawdown | -1.08 | 4,426.92 | -4,428.00 |
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Drawdowns
KTEC vs. SGOV - Drawdown Comparison
The maximum KTEC drawdown since its inception was -66.90%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for KTEC and SGOV.
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Drawdown Indicators
| KTEC | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.90% | -0.03% | -66.87% |
Max Drawdown (1Y)Largest decline over 1 year | -34.76% | -0.01% | -34.75% |
Max Drawdown (3Y)Largest decline over 3 years | -34.76% | -0.01% | -34.75% |
Max Drawdown (5Y)Largest decline over 5 years | -66.90% | -0.03% | -66.87% |
Current DrawdownCurrent decline from peak | -50.35% | 0.00% | -50.35% |
Average DrawdownAverage peak-to-trough decline | -43.97% | -0.00% | -43.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.67% | 0.00% | +17.67% |
Volatility
KTEC vs. SGOV - Volatility Comparison
KraneShares Hang Seng TECH Index ETF (KTEC) has a higher volatility of 8.17% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that KTEC's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KTEC | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 0.06% | +8.11% |
Volatility (6M)Calculated over the trailing 6-month period | 20.90% | 0.13% | +20.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.88% | 0.19% | +27.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.21% | 0.24% | +42.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.05% | 0.24% | +42.81% |
KTEC vs. SGOV - Expense Ratio Comparison
KTEC has a 0.69% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
KTEC vs. SGOV - Dividend Comparison
KTEC's dividend yield for the trailing twelve months is around 4.26%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | 4.26% | 3.36% | 0.27% | 0.81% | 0.16% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
KTEC and SGOV have a correlation of -0.08, 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 SGOV (0.06%). In terms of maximum drawdown, KTEC dropped -66.90% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.58% vs -12.60% for KTEC. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.58% return vs -12.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.69% for KTEC.
KTEC has the higher dividend yield at 4.26%, compared with 3.85% for SGOV.
KTEC is categorized as China Equities, while SGOV is Ultrashort Bond. KTEC tracks Hang Seng Tech Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: KraneShares and iShares. Their fees differ too: 0.69% for KTEC and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.32 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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