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KVLE vs. KURE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KVLE vs. KURE

Last updated Jul 15, 2026
Documentation

KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and KURE (KraneShares MSCI All China Health Care Index 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 KURE is a China Equities fund tracking the MSCI China All Shares Health Care 10/40 Index. Both are passively managed. Over the past 5 years, KVLE returned 10.15%/yr vs -13.95%/yr for KURE. At a 0.20 correlation, their price movements are largely independent. KVLE charges 0.56%/yr vs 0.65%/yr for KURE.

Performance

KVLE vs. KURE - 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 MSCI All China Health Care Index ETF (KURE). 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 11.84% return, which is significantly higher than KURE's 1.06% return.

KVLE

1D
-0.06%
1M
1.18%
6M
9.58%
YTD
11.84%
1Y
16.09%
3Y*
14.23%
5Y*
10.15%
10Y*
—

KURE

1D
2.14%
1M
13.45%
6M
-10.59%
YTD
1.06%
1Y
1.17%
3Y*
-0.32%
5Y*
-13.95%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

KVLE vs. KURE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		11.84%9.34%18.25%10.49%-5.96%28.01%1.71%
KURE
KraneShares MSCI All China Health Care Index ETF		1.06%24.87%-17.83%-17.70%-25.43%-16.01%14.48%

Correlation

The correlation between KVLE and KURE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.19

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

0.24

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

0.20

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

0.20

KVLE vs. KURE - Sectors Allocation Comparison

Sectors
KVLE
KURE

Technology

31.4%

-

Financial Services

12.2%

-

Real Estate

11.8%

-

Consumer Cyclical

9.4%

-

Healthcare

9.3%
99.3%

Industrials

8.9%

-

Consumer Defensive

6.6%
0.7%

Energy

4.4%

-

Communication Services

4.1%

-

Basic Materials

1.3%

-

Utilities

0.6%

-

Technology

KVLE
31.4%
KURE

-

Financial Services

KVLE
12.2%
KURE

-

Real Estate

KVLE
11.8%
KURE

-

Consumer Cyclical

KVLE
9.4%
KURE

-

Healthcare

KVLE
9.3%
KURE
99.3%

Industrials

KVLE
8.9%
KURE

-

Consumer Defensive

KVLE
6.6%
KURE
0.7%

Energy

KVLE
4.4%
KURE

-

Communication Services

KVLE
4.1%
KURE

-

Basic Materials

KVLE
1.3%
KURE

-

Utilities

KVLE
0.6%
KURE

-

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 MSCI All China Health Care Index ETF

Often compared with KVLE:
KVLE vs. SPYKVLE vs. SCHDKVLE vs. VTVKVLE vs. VOOKVLE vs. DOGGKVLE vs. KBAKVLE vs. KWEB
Often compared with KURE:
KURE vs. CHIQKURE vs. PILLKURE vs. IYHKURE vs. CQQQKURE vs. CNYAKURE vs. CUREKURE vs. VOO

Return for Risk

KVLE vs. KURE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KVLE
KVLE Risk / Return Rank: 4949
Overall Rank
KVLE Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
KVLE Sortino Ratio Rank: 5353
Sortino Ratio Rank
KVLE Omega Ratio Rank: 5252
Omega Ratio Rank
KVLE Calmar Ratio Rank: 4141
Calmar Ratio Rank
KVLE Martin Ratio Rank: 4848
Martin Ratio Rank
KURE
KURE Risk / Return Rank: 1010
Overall Rank
KURE Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
KURE Sortino Ratio Rank: 1010
Sortino Ratio Rank
KURE Omega Ratio Rank: 1010
Omega Ratio Rank
KURE Calmar Ratio Rank: 1010
Calmar Ratio Rank
KURE Martin Ratio Rank: 1010
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. KURE - 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 MSCI All China Health Care Index ETF (KURE). 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.

KVLEKUREDifference
Sharpe ratioReturn per unit of total volatility
1.45
0.04

+1.41

Sortino ratioReturn per unit of downside risk
2.08
0.26

+1.82

Omega ratioGain probability vs. loss probability

1.26

1.03

+0.23

Calmar ratioReturn relative to maximum drawdown

1.68

0.04

+1.65

Martin ratioReturn relative to average drawdown

6.43

0.08

+6.35

KVLE vs. KURE - Sharpe Ratio Comparison

The current KVLE Sharpe Ratio is 1.45, which is higher than the KURE Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of KVLE and KURE, 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. KURE - Drawdown Comparison

The maximum KVLE drawdown since its inception was -18.38%, smaller than the maximum KURE drawdown of -68.53%. Use the drawdown chart below to compare losses from any high point for KVLE and KURE.

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Drawdown Indicators

KVLEKUREDifference

Max Drawdown

Largest peak-to-trough decline

-18.38%

-68.53%

+50.15%

Max Drawdown (1Y)

Largest decline over 1 year

-9.59%

-30.88%

+21.29%

Max Drawdown (3Y)

Largest decline over 3 years

-16.39%

-34.05%

+17.66%

Max Drawdown (5Y)

Largest decline over 5 years

-18.38%

-66.18%

+47.80%

Current Drawdown

Current decline from peak

-0.45%

-56.00%

+55.55%

Average Drawdown

Average peak-to-trough decline

-3.16%

-38.33%

+35.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

15.60%

-13.09%

Volatility

KVLE vs. KURE - Volatility Comparison

The current volatility for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) is 2.65%, while KraneShares MSCI All China Health Care Index ETF (KURE) has a volatility of 10.46%. This indicates that KVLE experiences smaller price fluctuations and is considered to be less risky than KURE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KVLEKUREDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

10.46%

-7.81%

Volatility (6M)

Calculated over the trailing 6-month period

8.65%

19.74%

-11.09%

Volatility (1Y)

Calculated over the trailing 1-year period

11.13%

27.76%

-16.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.51%

31.91%

-17.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.27%

32.42%

-18.15%

KVLE vs. KURE - Expense Ratio Comparison

KVLE has a 0.56% expense ratio, which is lower than KURE's 0.65% expense ratio.

Dividends

KVLE vs. KURE - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 7.47%, more than KURE's 4.15% yield.

PositionTTM20252024202320222021202020192018
KURE
KraneShares MSCI All China Health Care Index ETF		4.15%4.19%1.29%0.65%0.05%14.12%0.00%0.25%0.21%
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		7.47%7.90%7.99%2.53%5.78%9.51%0.35%0.00%0.00%

Frequently Asked Questions

KVLE and KURE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KURE has higher volatility (10.46%) compared to KVLE (2.65%). In terms of maximum drawdown, KVLE dropped -18.38% vs KURE's -68.53%.

On 5-year performance, KVLE leads with 10.15% vs -13.95% for KURE. On fees, KVLE is cheaper at 0.56% per year. On volatility, KVLE has been the lower-risk option at 2.65%. 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 10.15% return vs -13.95%. 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 0.65% for KURE.

KVLE has the higher dividend yield at 7.47%, compared with 4.15% for KURE.

KVLE is categorized as Large Cap Value Equities, while KURE is China Equities. KVLE tracks 3D/L Value Line Dynamic Core Equity Index, while KURE tracks MSCI China All Shares Health Care 10/40 Index. Their fees differ too: 0.56% for KVLE and 0.65% for KURE.

KVLE currently has the higher Sharpe Ratio (1.45 vs 0.04), 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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