MPNGY vs. KTEC
MPNGY (Meituan ADR) is a stock, while KTEC (KraneShares Hang Seng TECH Index ETF) is China Equities fund tracking the Hang Seng Tech Index. Over the past 5 years, MPNGY returned -15.56%/yr vs -7.23%/yr for KTEC. Their 0.79 correlation means they have sometimes moved together and sometimes differently.
Performance
MPNGY vs. KTEC - Performance Comparison
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Returns By Period
In the year-to-date period, MPNGY achieves a -10.08% return, which is significantly higher than KTEC's -12.58% return.
MPNGY
- 1D
- -0.29%
- 1M
- 31.25%
- 6M
- -3.89%
- YTD
- -10.08%
- 1Y
- -22.95%
- 3Y*
- -13.68%
- 5Y*
- -15.56%
- 10Y*
- —
- ALL TIME*
- -0.19%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $941.66K | $1.10M | $1.04M | |
MPNGY Meituan ADR | $3.54M | $4.66M | $6.35M |
MPNGY vs. KTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MPNGY Meituan ADR | -10.08% | -32.00% | 84.72% | -52.51% | -23.47% | -24.50% |
KTEC KraneShares Hang Seng TECH Index ETF | -12.58% | 21.01% | 16.13% | -10.41% | -26.12% | -29.98% |
Correlation
The correlation between MPNGY and KTEC is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.79 |
The correlation between MPNGY and KTEC shifts across timeframes, from 0.63 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MPNGY vs. KTEC — Risk / Return Rank
MPNGY
KTEC
MPNGY vs. KTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Meituan ADR (MPNGY) 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.
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.
| MPNGY | KTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.94 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.38 | -0.09 |
| Martin ratioReturn relative to average drawdown | -0.79 | -0.67 | -0.13 |
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Drawdowns
MPNGY vs. KTEC - Drawdown Comparison
The maximum MPNGY drawdown since its inception was -86.40%, which is greater than KTEC's maximum drawdown of -66.90%. Use the drawdown chart below to compare losses from any high point for MPNGY and KTEC.
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Drawdown Indicators
| MPNGY | KTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.40% | -66.90% | -19.50% |
Max Drawdown (1Y)Largest decline over 1 year | -48.50% | -36.49% | -12.01% |
Max Drawdown (3Y)Largest decline over 3 years | -70.63% | -36.49% | -34.14% |
Max Drawdown (5Y)Largest decline over 5 years | -79.07% | -60.08% | -18.99% |
Current DrawdownCurrent decline from peak | -79.62% | -44.83% | -34.79% |
Average DrawdownAverage peak-to-trough decline | -54.80% | -44.05% | -10.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.62% | 20.47% | +8.15% |
Volatility
MPNGY vs. KTEC - Volatility Comparison
Meituan ADR (MPNGY) has a higher volatility of 11.10% compared to KraneShares Hang Seng TECH Index ETF (KTEC) at 7.27%. This indicates that MPNGY's price experiences larger fluctuations and is considered to be riskier than KTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPNGY | KTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.10% | 7.27% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 34.14% | 20.32% | +13.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.35% | 28.20% | +14.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.70% | 42.63% | +18.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.70% | 42.75% | +17.95% |
Dividends
MPNGY vs. KTEC - Dividend Comparison
MPNGY has not paid dividends to shareholders, while KTEC's dividend yield for the trailing twelve months is around 3.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | 3.84% | 3.36% | 0.27% | 0.81% | 0.16% |
MPNGY Meituan ADR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MPNGY and KTEC have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPNGY has higher volatility (11.10%) compared to KTEC (7.27%). In terms of maximum drawdown, MPNGY dropped -86.40% vs KTEC's -66.90%.
KTEC currently has the higher Sharpe Ratio (-0.49 vs -0.54), 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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