OBOR vs. IVOL
Compare and contrast key facts about KraneShares MSCI One Belt One Road Index ETF (OBOR) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL).
OBOR and IVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OBOR is a passively managed fund by CICC that tracks the performance of the MSCI Global China Infrastructure Exposure. It was launched on Sep 7, 2017. IVOL is an actively managed fund by CICC. It was launched on May 13, 2019.
Performance
OBOR vs. IVOL - Performance Comparison
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OBOR vs. IVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OBOR KraneShares MSCI One Belt One Road Index ETF | 3.18% | 27.86% | 8.55% | -7.91% | -21.96% | 17.06% | 13.47% | 13.45% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -1.46% | 11.97% | -11.07% | -5.18% | -12.69% | -0.31% | 14.56% | 3.23% |
Returns By Period
In the year-to-date period, OBOR achieves a 3.18% return, which is significantly higher than IVOL's -1.46% return.
OBOR
- 1D
- 0.76%
- 1M
- -8.96%
- YTD
- 3.18%
- 6M
- 9.93%
- 1Y
- 29.26%
- 3Y*
- 10.30%
- 5Y*
- 2.10%
- 10Y*
- —
IVOL
- 1D
- -0.05%
- 1M
- -1.70%
- YTD
- -1.46%
- 6M
- -1.19%
- 1Y
- 3.84%
- 3Y*
- -2.83%
- 5Y*
- -4.62%
- 10Y*
- —
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OBOR vs. IVOL - Expense Ratio Comparison
OBOR has a 0.79% expense ratio, which is lower than IVOL's 0.99% expense ratio.
Return for Risk
OBOR vs. IVOL — Risk / Return Rank
OBOR
IVOL
OBOR vs. IVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI One Belt One Road Index ETF (OBOR) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). 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.
| OBOR | IVOL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.85 | 0.37 | +1.48 |
Sortino ratioReturn per unit of downside risk | 2.42 | 0.64 | +1.78 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.08 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 0.55 | +2.24 |
Martin ratioReturn relative to average drawdown | 10.05 | 1.06 | +8.99 |
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
| OBOR | IVOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 0.37 | +1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.36 | +0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.05 | +0.26 |
Correlation
The correlation between OBOR and IVOL is 0.09, 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.
Dividends
OBOR vs. IVOL - Dividend Comparison
OBOR's dividend yield for the trailing twelve months is around 1.88%, less than IVOL's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OBOR KraneShares MSCI One Belt One Road Index ETF | 1.88% | 1.94% | 3.87% | 3.40% | 4.75% | 3.26% | 2.04% | 4.33% | 0.02% | 0.10% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.73% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% | 0.00% | 0.00% |
Drawdowns
OBOR vs. IVOL - Drawdown Comparison
The maximum OBOR drawdown since its inception was -41.54%, which is greater than IVOL's maximum drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for OBOR and IVOL.
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Drawdown Indicators
| OBOR | IVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.54% | -31.16% | -10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -6.72% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -34.00% | -31.16% | -2.84% |
Current DrawdownCurrent decline from peak | -8.96% | -22.51% | +13.55% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -13.02% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.50% | -0.59% |
Volatility
OBOR vs. IVOL - Volatility Comparison
KraneShares MSCI One Belt One Road Index ETF (OBOR) has a higher volatility of 6.59% compared to Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) at 2.34%. This indicates that OBOR's price experiences larger fluctuations and is considered to be riskier than IVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBOR | IVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 2.34% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 4.41% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 10.40% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.78% | 12.82% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 12.11% | +6.35% |