KTEC vs. YXI
KTEC (KraneShares Hang Seng TECH Index ETF) and YXI (ProShares Short FTSE China 50) are both China Equities funds - KTEC tracks the Hang Seng Tech Index while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 5 years, KTEC returned -7.23%/yr vs -5.56%/yr for YXI. Their -0.91 correlation means they have often moved in opposite directions in the past. KTEC charges 0.69%/yr vs 0.95%/yr for YXI.
Performance
KTEC vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, KTEC achieves a -12.58% return, which is significantly lower than YXI's 4.98% return.
KTEC
- 1D
- 0.81%
- 1M
- 10.40%
- 6M
- -14.54%
- YTD
- -12.58%
- 1Y
- -11.77%
- 3Y*
- 0.64%
- 5Y*
- -7.23%
- 10Y*
- —
- ALL TIME*
- -10.38%
YXI
- 1D
- 0.15%
- 1M
- -12.91%
- 6M
- 8.66%
- YTD
- 4.98%
- 1Y
- 0.78%
- 3Y*
- -9.91%
- 5Y*
- -5.56%
- 10Y*
- -7.95%
- ALL TIME*
- -8.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $941.66K | $1.10M | $1.04M | |
| $27.49K | $29.99K | $33.82K |
KTEC vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | -12.58% | 21.01% | 16.13% | -10.41% | -26.12% | -29.98% |
YXI ProShares Short FTSE China 50 | 4.98% | -22.87% | -25.36% | 12.40% | 4.78% | 17.49% |
Correlation
The correlation between KTEC and YXI is -0.81, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.81 |
Correlation (3Y) Balances recent behavior with more history. | -0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | -0.91 |
The correlation between KTEC and YXI has been stable across timeframes, ranging from -0.91 to -0.81 - a consistent structural relationship.
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Return for Risk
KTEC vs. YXI — Risk / Return Rank
KTEC
YXI
KTEC vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) and ProShares Short FTSE China 50 (YXI). 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 | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.04 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.21 | -0.58 |
| Martin ratioReturn relative to average drawdown | -0.67 | 0.46 | -1.13 |
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Drawdowns
KTEC vs. YXI - Drawdown Comparison
The maximum KTEC drawdown since its inception was -66.90%, smaller than the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for KTEC and YXI.
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Drawdown Indicators
| KTEC | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.90% | -81.15% | +14.25% |
Max Drawdown (1Y)Largest decline over 1 year | -36.49% | -13.55% | -22.94% |
Max Drawdown (3Y)Largest decline over 3 years | -36.49% | -53.12% | +16.63% |
Max Drawdown (5Y)Largest decline over 5 years | -60.08% | -57.65% | -2.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.63% | — |
Current DrawdownCurrent decline from peak | -44.83% | -78.56% | +33.73% |
Average DrawdownAverage peak-to-trough decline | -44.05% | -54.51% | +10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.47% | 6.08% | +14.39% |
Volatility
KTEC vs. YXI - Volatility Comparison
KraneShares Hang Seng TECH Index ETF (KTEC) and ProShares Short FTSE China 50 (YXI) have volatilities of 7.27% and 7.06%, 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.
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Volatility by Period
| KTEC | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 7.06% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 20.32% | 16.10% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.20% | 21.18% | +7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.63% | 31.28% | +11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.75% | 27.47% | +15.28% |
KTEC vs. YXI - Expense Ratio Comparison
KTEC has a 0.69% expense ratio, which is lower than YXI's 0.95% expense ratio.
Dividends
KTEC vs. YXI - Dividend Comparison
KTEC's dividend yield for the trailing twelve months is around 3.84%, more than YXI's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | 3.84% | 3.36% | 0.27% | 0.81% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
YXI ProShares Short FTSE China 50 | 2.71% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
KTEC and YXI have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTEC has higher volatility (7.27%) compared to YXI (7.06%). In terms of maximum drawdown, KTEC dropped -66.90% vs YXI's -81.15%.
On 5-year performance, YXI leads with -5.56% vs -7.23% for KTEC. On fees, KTEC is cheaper at 0.69% per year. On volatility, YXI has been the lower-risk option at 7.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YXI has performed better with a -5.56% return vs -7.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KTEC is cheaper with a 0.69% expense ratio, compared with 0.95% for YXI.
KTEC has the higher dividend yield at 3.84%, compared with 2.71% for YXI.
KTEC tracks Hang Seng Tech Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: KraneShares and ProShares. Their fees differ too: 0.69% for KTEC and 0.95% for YXI.
YXI currently has the higher Sharpe Ratio (0.13 vs -0.49), 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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