KTEC vs. WEX
Compare and contrast key facts about KraneShares Hang Seng TECH Index ETF (KTEC) and WEX Inc. (WEX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KTEC or WEX.
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
Key characteristics
KTEC:
0.93
WEX:
-1.01
KTEC:
1.52
WEX:
-1.37
KTEC:
1.19
WEX:
0.78
KTEC:
0.69
WEX:
-0.84
KTEC:
2.76
WEX:
-1.76
KTEC:
14.73%
WEX:
25.27%
KTEC:
44.00%
WEX:
44.24%
KTEC:
-66.90%
WEX:
-78.96%
KTEC:
-40.71%
WEX:
-46.37%
Returns By Period
In the year-to-date period, KTEC achieves a 13.69% return, which is significantly higher than WEX's -25.90% return.
KTEC
13.69%
-9.85%
10.47%
31.42%
N/A
N/A
WEX
-25.90%
-16.36%
-27.36%
-40.02%
1.79%
1.22%
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Risk-Adjusted Performance
KTEC vs. WEX — Risk-Adjusted Performance Rank
KTEC
WEX
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.
Dividends
KTEC vs. WEX - Dividend Comparison
KTEC's dividend yield for the trailing twelve months is around 0.24%, while WEX has not paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | |
---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | 0.24% | 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. For additional features, visit the drawdowns tool.
Volatility
KTEC vs. WEX - Volatility Comparison
The current volatility for KraneShares Hang Seng TECH Index ETF (KTEC) is 17.04%, while WEX Inc. (WEX) has a volatility of 27.09%. 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.