Correlation
The correlation between KWEB and KTEC 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.
KWEB vs. KTEC
Compare and contrast key facts about KraneShares CSI China Internet ETF (KWEB) and KraneShares Hang Seng TECH Index ETF (KTEC).
KWEB and KTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. 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. Both KWEB and KTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KWEB or KTEC.
Performance
KWEB vs. KTEC - Performance Comparison
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Key characteristics
KWEB:
0.33
KTEC:
0.67
KWEB:
0.77
KTEC:
1.21
KWEB:
1.10
KTEC:
1.15
KWEB:
0.18
KTEC:
0.49
KWEB:
0.94
KTEC:
2.17
KWEB:
14.29%
KTEC:
13.35%
KWEB:
41.96%
KTEC:
43.17%
KWEB:
-80.92%
KTEC:
-66.90%
KWEB:
-64.31%
KTEC:
-40.12%
Returns By Period
In the year-to-date period, KWEB achieves a 11.97% return, which is significantly lower than KTEC's 14.81% return.
KWEB
11.97%
1.99%
9.95%
13.60%
5.75%
-6.76%
-0.73%
KTEC
14.81%
0.26%
14.18%
28.58%
4.89%
N/A
N/A
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KWEB vs. KTEC - Expense Ratio Comparison
KWEB has a 0.76% expense ratio, which is higher than KTEC's 0.69% expense ratio.
Risk-Adjusted Performance
KWEB vs. KTEC — Risk-Adjusted Performance Rank
KWEB
KTEC
KWEB vs. KTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) and KraneShares Hang Seng TECH Index ETF (KTEC). 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.
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Dividends
KWEB vs. KTEC - Dividend Comparison
KWEB's dividend yield for the trailing twelve months is around 3.13%, more than KTEC's 0.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | 3.13% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% |
KTEC KraneShares Hang Seng TECH Index ETF | 0.23% | 0.27% | 0.81% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KWEB vs. KTEC - Drawdown Comparison
The maximum KWEB drawdown since its inception was -80.92%, which is greater than KTEC's maximum drawdown of -66.90%. Use the drawdown chart below to compare losses from any high point for KWEB and KTEC.
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Volatility
KWEB vs. KTEC - Volatility Comparison
KraneShares CSI China Internet ETF (KWEB) and KraneShares Hang Seng TECH Index ETF (KTEC) have volatilities of 9.43% and 9.79%, 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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