KWBP.L vs. KROG.L
KWBP.L (KraneShares CSI China Internet UCITS ETF GBP) and KROG.L (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Waystone Management and Global X respectively. Both are passively managed. Over the past 3 years, KWBP.L returned 2.17%/yr vs -1.99%/yr for KROG.L. At a 0.34 correlation, their price movements are largely independent. KWBP.L charges 0.75%/yr vs 0.50%/yr for KROG.L.
Performance
KWBP.L vs. KROG.L - Performance Comparison
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Returns By Period
In the year-to-date period, KWBP.L achieves a -20.25% return, which is significantly lower than KROG.L's 15.55% return.
KWBP.L
- 1D
- -0.55%
- 1M
- -3.57%
- YTD
- -20.25%
- 6M
- -22.68%
- 1Y
- -13.99%
- 3Y*
- 2.17%
- 5Y*
- -12.84%
- 10Y*
- —
KROG.L
- 1D
- 0.42%
- 1M
- 0.42%
- YTD
- 15.55%
- 6M
- 13.48%
- 1Y
- 12.57%
- 3Y*
- -1.99%
- 5Y*
- —
- 10Y*
- —
KWBP.L vs. KROG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KWBP.L KraneShares CSI China Internet UCITS ETF GBP | -20.25% | 16.32% | 15.36% | -14.43% | -11.10% |
KROG.L Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 15.55% | 0.36% | -6.89% | -26.89% | -14.07% |
Correlation
The correlation between KWBP.L and KROG.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.34 |
The correlation between KWBP.L and KROG.L shifts across timeframes, from 0.21 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KWBP.L vs. KROG.L — Risk / Return Rank
KWBP.L
KROG.L
KWBP.L vs. KROG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet UCITS ETF GBP (KWBP.L) and Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROG.L). 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.
| KWBP.L | KROG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.15 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.52 | -1.93 |
| Martin ratioReturn relative to average drawdown | -0.83 | 3.05 | -3.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KWBP.L | KROG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 0.80 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | -0.45 | +0.16 |
Drawdowns
KWBP.L vs. KROG.L - Drawdown Comparison
The maximum KWBP.L drawdown since its inception was -76.46%, which is greater than KROG.L's maximum drawdown of -51.38%. Use the drawdown chart below to compare losses from any high point for KWBP.L and KROG.L.
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Drawdown Indicators
| KWBP.L | KROG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.46% | -51.38% | -25.08% |
Max Drawdown (1Y)Largest decline over 1 year | -34.52% | -8.21% | -26.31% |
Max Drawdown (3Y)Largest decline over 3 years | -34.52% | -28.00% | -6.52% |
Max Drawdown (5Y)Largest decline over 5 years | -65.41% | — | — |
Current DrawdownCurrent decline from peak | -66.65% | -38.55% | -28.10% |
Average DrawdownAverage peak-to-trough decline | -56.29% | -34.39% | -21.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.89% | 4.12% | +12.77% |
Volatility
KWBP.L vs. KROG.L - Volatility Comparison
KraneShares CSI China Internet UCITS ETF GBP (KWBP.L) has a higher volatility of 10.77% compared to Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROG.L) at 5.64%. This indicates that KWBP.L's price experiences larger fluctuations and is considered to be riskier than KROG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KWBP.L | KROG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 5.64% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 12.21% | +6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 15.69% | +9.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.54% | 19.47% | +25.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.47% | 19.47% | +24.00% |
KWBP.L vs. KROG.L - Expense Ratio Comparison
KWBP.L has a 0.75% expense ratio, which is higher than KROG.L's 0.50% expense ratio.
Dividends
KWBP.L vs. KROG.L - Dividend Comparison
Neither KWBP.L nor KROG.L has paid dividends to shareholders.
Frequently Asked Questions
KWBP.L and KROG.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KROG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KROG.L is cheaper with a 0.50% expense ratio, compared with 0.75% for KWBP.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Waystone Management and Global X. Their fees differ too: 0.75% for KWBP.L and 0.50% for KROG.L.
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