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KTEC vs. WEX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between KTEC and WEX is 0.36, 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. WEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Hang Seng TECH Index ETF (KTEC) and WEX Inc. (WEX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

KTEC:

0.71

WEX:

-0.66

Sortino Ratio

KTEC:

1.14

WEX:

-0.75

Omega Ratio

KTEC:

1.14

WEX:

0.88

Calmar Ratio

KTEC:

0.45

WEX:

-0.58

Martin Ratio

KTEC:

1.90

WEX:

-1.43

Ulcer Index

KTEC:

13.94%

WEX:

21.52%

Daily Std Dev

KTEC:

43.16%

WEX:

45.02%

Max Drawdown

KTEC:

-66.90%

WEX:

-78.96%

Current Drawdown

KTEC:

-38.45%

WEX:

-44.95%

Returns By Period

In the year-to-date period, KTEC achieves a 18.03% return, which is significantly higher than WEX's -23.94% return.


KTEC

YTD

18.03%

1M

3.82%

6M

20.60%

1Y

32.47%

3Y*

10.25%

5Y*

N/A

10Y*

N/A

WEX

YTD

-23.94%

1M

2.64%

6M

-29.15%

1Y

-28.98%

3Y*

-5.18%

5Y*

-0.79%

10Y*

1.61%

*Annualized

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WEX Inc.

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

KTEC vs. WEX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KTEC
The Risk-Adjusted Performance Rank of KTEC is 6565
Overall Rank
The Sharpe Ratio Rank of KTEC is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of KTEC is 7373
Sortino Ratio Rank
The Omega Ratio Rank of KTEC is 6969
Omega Ratio Rank
The Calmar Ratio Rank of KTEC is 5656
Calmar Ratio Rank
The Martin Ratio Rank of KTEC is 5959
Martin Ratio Rank

WEX
The Risk-Adjusted Performance Rank of WEX is 1414
Overall Rank
The Sharpe Ratio Rank of WEX is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of WEX is 1818
Sortino Ratio Rank
The Omega Ratio Rank of WEX is 1515
Omega Ratio Rank
The Calmar Ratio Rank of WEX is 1515
Calmar Ratio Rank
The Martin Ratio Rank of WEX is 99
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

KTEC vs. WEX - Risk-Adjusted Performance 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.


The current KTEC Sharpe Ratio is 0.71, which is higher than the WEX Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of KTEC and WEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

KTEC vs. WEX - Dividend Comparison

KTEC's dividend yield for the trailing twelve months is around 0.23%, while WEX has not paid dividends to shareholders.


TTM202420232022
KTEC
KraneShares Hang Seng TECH Index ETF
0.23%0.27%0.81%0.16%
WEX
WEX Inc.
0.00%0.00%0.00%0.00%

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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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

KTEC vs. WEX - Volatility Comparison

The current volatility for KraneShares Hang Seng TECH Index ETF (KTEC) is 9.03%, while WEX Inc. (WEX) has a volatility of 12.85%. 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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