MPNGY vs. KTEC

Last updated Jun 3, 2026

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 3 years, MPNGY returned -11.69%/yr vs 8.31%/yr for KTEC. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

MPNGY vs. KTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meituan ADR (MPNGY) and KraneShares Hang Seng TECH Index ETF (KTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPNGY achieves a -18.64% return, which is significantly lower than KTEC's -8.24% return.

MPNGY

• 1D: 6.55%
• 1M: -0.88%
• YTD: -18.64%
• 6M: -12.87%
• 1Y: -38.39%
• 3Y*: -11.69%
• 5Y*: -22.73%
• 10Y*: —

KTEC

• 1D: 3.98%
• 1M: 3.08%
• YTD: -8.24%
• 6M: -10.73%
• 1Y: -4.77%
• 3Y*: 8.31%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MPNGY vs. KTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MPNGY Meituan ADR	-18.64%	-32.00%	84.72%	-52.51%	-23.47%	-23.91%
KTEC KraneShares Hang Seng TECH Index ETF	-8.24%	21.01%	16.13%	-10.41%	-26.12%	-29.50%

Correlation

The correlation between MPNGY and KTEC is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021	0.79

The correlation between MPNGY and KTEC shifts across timeframes, from 0.64 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MPNGY vs. KTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MPNGY

MPNGY Risk / Return Rank: 9
MPNGY Sharpe Ratio Rank: 6
MPNGY Sortino Ratio Rank: 6
MPNGY Omega Ratio Rank: 8
MPNGY Calmar Ratio Rank: 12
MPNGY Martin Ratio Rank: 15

KTEC

KTEC Risk / Return Rank: 7
KTEC Sharpe Ratio Rank: 7
KTEC Sortino Ratio Rank: 7
KTEC Omega Ratio Rank: 7
KTEC Calmar Ratio Rank: 7
KTEC Martin Ratio Rank: 8

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.

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.

	MPNGY	KTEC	Difference
Sharpe ratio Return per unit of total volatility	-0.93	-0.17	-0.76
Sortino ratio Return per unit of downside risk	-1.44	-0.05	-1.38
Omega ratio Gain probability vs. loss probability	0.84	0.99	-0.15
Calmar ratio Return relative to maximum drawdown	-0.76	-0.11	-0.64
Martin ratio Return relative to average drawdown	-1.14	-0.20	-0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPNGY vs. KTEC - Sharpe Ratio Comparison

The current MPNGY Sharpe Ratio is -0.93, which is lower than the KTEC Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of MPNGY and KTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MPNGY	KTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	-0.17	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	-0.23	+0.19

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.

Drawdown Indicators

	MPNGY	KTEC	Difference
Max Drawdown Largest peak-to-trough decline	-86.40%	-66.90%	-19.50%
Max Drawdown (1Y) Largest decline over 1 year	-50.12%	-29.36%	-20.76%
Max Drawdown (3Y) Largest decline over 3 years	-66.89%	-34.71%	-32.18%
Max Drawdown (5Y) Largest decline over 5 years	-81.43%	—	—
Current Drawdown Current decline from peak	-81.56%	-42.09%	-39.47%
Average Drawdown Average peak-to-trough decline	-54.14%	-43.97%	-10.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.35%	16.17%	+17.18%

Volatility

MPNGY vs. KTEC - Volatility Comparison

Meituan ADR (MPNGY) has a higher volatility of 17.69% compared to KraneShares Hang Seng TECH Index ETF (KTEC) at 10.06%. 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.

Volatility by Period

	MPNGY	KTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.69%	10.06%	+7.63%
Volatility (6M) Calculated over the trailing 6-month period	31.65%	20.33%	+11.32%
Volatility (1Y) Calculated over the trailing 1-year period	41.41%	27.87%	+13.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.64%	43.21%	+18.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.08%	43.21%	+17.87%

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 3.66%.

Position	TTM	2025	2024	2023	2022
KTEC KraneShares Hang Seng TECH Index ETF	3.66%	3.36%	0.27%	0.81%	0.16%
MPNGY Meituan ADR	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MPNGY and KTEC in my portfolio?

MPNGY and KTEC have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPNGY or KTEC?

MPNGY has higher volatility (17.69%) compared to KTEC (10.06%). In terms of maximum drawdown, MPNGY dropped -86.40% vs KTEC's -66.90%.

Which has better risk-adjusted returns?

KTEC currently has the higher Sharpe Ratio (-0.17 vs -0.93), 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.