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KVLE vs. KBA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KVLE vs. KBA

Last updated Jun 24, 2026

KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and KBA (KraneShares Bosera MSCI China A Share ETF) are both exchange-traded funds - KVLE is a Large Cap Value Equities fund tracking the 3D/L Value Line Dynamic Core Equity Index, while KBA is a China Equities fund tracking the MSCI China A Index. Both are passively managed. Over the past 5 years, KVLE returned 10.02%/yr vs 6.66%/yr for KBA. At a 0.24 correlation, their price movements are largely independent. KVLE charges 0.56%/yr vs 0.60%/yr for KBA.

Performance

KVLE vs. KBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and KraneShares Bosera MSCI China A Share ETF (KBA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KVLE achieves a 9.27% return, which is significantly lower than KBA's 10.36% return.

KVLE

1D
-0.36%
1M
0.18%
YTD
9.27%
6M
8.32%
1Y
17.71%
3Y*
14.36%
5Y*
10.02%
10Y*
—

KBA

1D
-3.67%
1M
2.74%
YTD
10.36%
6M
10.50%
1Y
45.45%
3Y*
16.25%
5Y*
6.66%
10Y*
10.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KVLE vs. KBA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		9.27%9.34%18.25%10.49%-5.96%28.01%1.71%
KBA
KraneShares Bosera MSCI China A Share ETF		10.36%33.88%15.73%-16.77%-3.49%3.17%6.20%

Correlation

The correlation between KVLE and KBA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2020

0.24

The correlation between KVLE and KBA shifts across timeframes, from 0.24 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

KVLE vs. KBA - Sectors Allocation Comparison

Sectors
KVLE
KBA

Technology

31.4%
34.1%

Financial Services

12.2%
17.4%

Real Estate

11.8%
0.5%

Consumer Cyclical

9.4%
5.4%

Healthcare

9.3%
3.7%

Industrials

8.9%
15.4%

Consumer Defensive

6.6%
6.5%

Energy

4.4%
3.0%

Communication Services

4.1%
1.4%

Basic Materials

1.3%
9.3%

Utilities

0.6%
3.2%

Technology

KVLE
31.4%
KBA
34.1%

Financial Services

KVLE
12.2%
KBA
17.4%

Real Estate

KVLE
11.8%
KBA
0.5%

Consumer Cyclical

KVLE
9.4%
KBA
5.4%

Healthcare

KVLE
9.3%
KBA
3.7%

Industrials

KVLE
8.9%
KBA
15.4%

Consumer Defensive

KVLE
6.6%
KBA
6.5%

Energy

KVLE
4.4%
KBA
3.0%

Communication Services

KVLE
4.1%
KBA
1.4%

Basic Materials

KVLE
1.3%
KBA
9.3%

Utilities

KVLE
0.6%
KBA
3.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

KFA Value Liner Dynamic Core Equity Index ETF

KraneShares Bosera MSCI China A Share ETF

Often compared with KVLE:
KVLE vs. SPYKVLE vs. SCHDKVLE vs. VTVKVLE vs. VOOKVLE vs. DOGGKVLE vs. KLIPKVLE vs. KWEB
Often compared with KBA:
KBA vs. ASHRKBA vs. CNYAKBA vs. KGRNKBA vs. EWTKBA vs. MCHIKBA vs. HEZUKBA vs. ASHS

Return for Risk

KVLE vs. KBA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KVLE
KVLE Risk / Return Rank: 4646
Overall Rank
KVLE Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
KVLE Sortino Ratio Rank: 4949
Sortino Ratio Rank
KVLE Omega Ratio Rank: 4747
Omega Ratio Rank
KVLE Calmar Ratio Rank: 3939
Calmar Ratio Rank
KVLE Martin Ratio Rank: 4646
Martin Ratio Rank
KBA
KBA Risk / Return Rank: 8181
Overall Rank
KBA Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
KBA Sortino Ratio Rank: 7777
Sortino Ratio Rank
KBA Omega Ratio Rank: 7777
Omega Ratio Rank
KBA Calmar Ratio Rank: 9292
Calmar Ratio Rank
KBA Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KVLE vs. KBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and KraneShares Bosera MSCI China A Share ETF (KBA). 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.

KVLEKBADifference
Sharpe ratioReturn per unit of total volatility
1.58
2.40

-0.82

Sortino ratioReturn per unit of downside risk
2.25
3.21

-0.96

Omega ratioGain probability vs. loss probability

1.28

1.42

-0.14

Calmar ratioReturn relative to maximum drawdown

1.85

5.97

-4.11

Martin ratioReturn relative to average drawdown

7.07

15.15

-8.07

KVLE vs. KBA - Sharpe Ratio Comparison

The current KVLE Sharpe Ratio is 1.58, which is lower than the KBA Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of KVLE and KBA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KVLE vs. KBA - Drawdown Comparison

The maximum KVLE drawdown since its inception was -18.38%, smaller than the maximum KBA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for KVLE and KBA.

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Drawdown Indicators

KVLEKBADifference

Max Drawdown

Largest peak-to-trough decline

-18.38%

-53.24%

+34.86%

Max Drawdown (1Y)

Largest decline over 1 year

-9.59%

-7.65%

-1.94%

Max Drawdown (3Y)

Largest decline over 3 years

-16.39%

-31.23%

+14.84%

Max Drawdown (5Y)

Largest decline over 5 years

-18.38%

-39.76%

+21.38%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.32%

—

Current Drawdown

Current decline from peak

-1.76%

-3.67%

+1.91%

Average Drawdown

Average peak-to-trough decline

-3.19%

-25.71%

+22.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

3.01%

-0.50%

Volatility

KVLE vs. KBA - Volatility Comparison

The current volatility for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) is 3.68%, while KraneShares Bosera MSCI China A Share ETF (KBA) has a volatility of 8.89%. This indicates that KVLE experiences smaller price fluctuations and is considered to be less risky than KBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KVLEKBADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.68%

8.89%

-5.21%

Volatility (6M)

Calculated over the trailing 6-month period

8.73%

14.20%

-5.47%

Volatility (1Y)

Calculated over the trailing 1-year period

11.25%

19.00%

-7.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

27.35%

-12.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

25.39%

-11.06%

KVLE vs. KBA - Expense Ratio Comparison

KVLE has a 0.56% expense ratio, which is lower than KBA's 0.60% expense ratio.

Dividends

KVLE vs. KBA - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 7.37%, more than KBA's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
KBA
KraneShares Bosera MSCI China A Share ETF		1.42%1.56%2.18%2.34%49.05%9.07%0.65%1.53%3.77%1.46%6.62%29.08%
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		7.37%7.90%7.99%2.53%5.78%9.51%0.35%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

KVLE and KBA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KBA has higher volatility (8.89%) compared to KVLE (3.68%). In terms of maximum drawdown, KVLE dropped -18.38% vs KBA's -53.24%.

On 5-year performance, KVLE leads with 10.02% vs 6.66% for KBA. On fees, KVLE is cheaper at 0.56% per year. On volatility, KVLE has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, KVLE has performed better with a 10.02% return vs 6.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KVLE is cheaper with a 0.56% expense ratio, compared with 0.60% for KBA.

KVLE has the higher dividend yield at 7.37%, compared with 1.42% for KBA.

KVLE is categorized as Large Cap Value Equities, while KBA is China Equities. KVLE tracks 3D/L Value Line Dynamic Core Equity Index, while KBA tracks MSCI China A Index. Their fees differ too: 0.56% for KVLE and 0.60% for KBA.

KBA currently has the higher Sharpe Ratio (2.40 vs 1.58), 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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