KTEC vs. WEX
KTEC (KraneShares Hang Seng TECH Index ETF) is China Equities fund tracking the Hang Seng Tech Index, while WEX (WEX Inc.) is a stock. Over the past 5 years, KTEC returned -12.02%/yr vs -8.06%/yr for WEX. At a 0.28 correlation, their price movements are largely independent.
Performance
KTEC vs. WEX - Performance Comparison
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Returns By Period
In the year-to-date period, KTEC achieves a -19.54% return, which is significantly lower than WEX's -12.71% return.
KTEC
- 1D
- -1.41%
- 1M
- -5.76%
- YTD
- -19.54%
- 6M
- -21.08%
- 1Y
- -15.69%
- 3Y*
- 3.95%
- 5Y*
- -12.02%
- 10Y*
- —
WEX
- 1D
- 1.98%
- 1M
- -13.62%
- YTD
- -12.71%
- 6M
- -15.45%
- 1Y
- -7.55%
- 3Y*
- -8.94%
- 5Y*
- -8.06%
- 10Y*
- 4.16%
KTEC vs. WEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | -19.54% | 21.01% | 16.13% | -10.41% | -26.12% | -29.98% |
WEX WEX Inc. | -12.71% | -15.02% | -9.88% | 18.88% | 16.57% | -30.72% |
Correlation
The correlation between KTEC and WEX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.28 |
The correlation between KTEC and WEX shifts across timeframes, from 0.13 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KTEC vs. WEX — Risk / Return Rank
KTEC
WEX
KTEC vs. WEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) and WEX Inc. (WEX). 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 | WEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.00 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.24 | -0.23 |
| Martin ratioReturn relative to average drawdown | -0.90 | -0.56 | -0.34 |
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Drawdowns
KTEC vs. WEX - Drawdown Comparison
The maximum KTEC drawdown since its inception was -66.90%, smaller than the maximum WEX drawdown of -78.96%. Use the drawdown chart below to compare losses from any high point for KTEC and WEX.
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Drawdown Indicators
| KTEC | WEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.90% | -78.96% | +12.06% |
Max Drawdown (1Y)Largest decline over 1 year | -33.28% | -31.40% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -34.71% | -53.15% | +18.44% |
Max Drawdown (5Y)Largest decline over 5 years | -66.90% | -53.15% | -13.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.60% | — |
Current DrawdownCurrent decline from peak | -49.22% | -46.31% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -43.96% | -17.54% | -26.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.54% | 13.49% | +4.05% |
Volatility
KTEC vs. WEX - Volatility Comparison
The current volatility for KraneShares Hang Seng TECH Index ETF (KTEC) is 8.04%, while WEX Inc. (WEX) has a volatility of 11.32%. This indicates that KTEC experiences smaller price fluctuations and is considered to be less risky than WEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KTEC | WEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 11.32% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 32.90% | -12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.85% | 38.05% | -10.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.20% | 36.78% | +6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.06% | 40.13% | +2.93% |
Dividends
KTEC vs. WEX - Dividend Comparison
KTEC's dividend yield for the trailing twelve months is around 4.17%, while WEX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | 4.17% | 3.36% | 0.27% | 0.81% | 0.16% |
WEX WEX Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KTEC and WEX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEX has higher volatility (11.32%) compared to KTEC (8.04%). In terms of maximum drawdown, KTEC dropped -66.90% vs WEX's -78.96%.
WEX currently has the higher Sharpe Ratio (-0.20 vs -0.57), 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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