OBOR vs. KBA
Compare and contrast key facts about KraneShares MSCI One Belt One Road Index ETF (OBOR) and KraneShares Bosera MSCI China A Share ETF (KBA).
OBOR and KBA 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. KBA is a passively managed fund by CICC that tracks the performance of the MSCI China A Index. It was launched on Mar 5, 2014. Both OBOR and KBA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
OBOR vs. KBA - Performance Comparison
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OBOR vs. KBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OBOR KraneShares MSCI One Belt One Road Index ETF | 3.18% | 27.86% | 8.55% | -7.91% | -21.96% | 17.06% | 13.47% | 16.75% | -15.36% | 1.74% |
KBA KraneShares Bosera MSCI China A Share ETF | -2.07% | 33.88% | 15.73% | -16.77% | -3.49% | 3.17% | 41.62% | 35.44% | -26.28% | 3.34% |
Returns By Period
In the year-to-date period, OBOR achieves a 3.18% return, which is significantly higher than KBA's -2.07% return.
OBOR
- 1D
- 0.76%
- 1M
- -8.96%
- YTD
- 3.18%
- 6M
- 9.93%
- 1Y
- 29.26%
- 3Y*
- 10.30%
- 5Y*
- 2.10%
- 10Y*
- —
KBA
- 1D
- 1.99%
- 1M
- -1.37%
- YTD
- -2.07%
- 6M
- 2.24%
- 1Y
- 30.16%
- 3Y*
- 7.43%
- 5Y*
- 5.20%
- 10Y*
- 8.14%
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OBOR vs. KBA - Expense Ratio Comparison
OBOR has a 0.79% expense ratio, which is higher than KBA's 0.60% expense ratio.
Return for Risk
OBOR vs. KBA — Risk / Return Rank
OBOR
KBA
OBOR vs. KBA - 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 KraneShares Bosera MSCI China A Share ETF (KBA). 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 | KBA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.85 | 1.63 | +0.23 |
Sortino ratioReturn per unit of downside risk | 2.42 | 2.20 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.54 | +0.25 |
Martin ratioReturn relative to average drawdown | 10.05 | 10.01 | +0.04 |
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 | KBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.63 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.19 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.31 | -0.11 |
Correlation
The correlation between OBOR and KBA is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OBOR vs. KBA - Dividend Comparison
OBOR's dividend yield for the trailing twelve months is around 1.88%, more than KBA's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
KBA KraneShares Bosera MSCI China A Share ETF | 1.60% | 1.56% | 2.18% | 2.34% | 49.05% | 9.07% | 0.65% | 1.53% | 3.77% | 1.46% | 6.62% | 29.08% |
Drawdowns
OBOR vs. KBA - Drawdown Comparison
The maximum OBOR drawdown since its inception was -41.54%, smaller than the maximum KBA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for OBOR and KBA.
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Drawdown Indicators
| OBOR | KBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.54% | -53.24% | +11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -11.30% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -34.00% | -40.42% | +6.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.32% | — |
Current DrawdownCurrent decline from peak | -8.96% | -5.08% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -26.15% | +9.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.01% | -0.10% |
Volatility
OBOR vs. KBA - Volatility Comparison
KraneShares MSCI One Belt One Road Index ETF (OBOR) has a higher volatility of 6.59% compared to KraneShares Bosera MSCI China A Share ETF (KBA) at 5.63%. This indicates that OBOR's price experiences larger fluctuations and is considered to be riskier than KBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBOR | KBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 5.63% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 11.80% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 18.64% | -2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.78% | 27.07% | -11.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 25.28% | -6.82% |