OBOR vs. KTEC
Compare and contrast key facts about KraneShares MSCI One Belt One Road Index ETF (OBOR) and KraneShares Hang Seng TECH Index ETF (KTEC).
OBOR and KTEC 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. 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 OBOR 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: OBOR or KTEC.
Correlation
The correlation between OBOR and KTEC is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OBOR vs. KTEC - Performance Comparison
Key characteristics
OBOR:
0.77
KTEC:
1.75
OBOR:
1.13
KTEC:
2.43
OBOR:
1.18
KTEC:
1.31
OBOR:
0.41
KTEC:
1.15
OBOR:
1.71
KTEC:
5.12
OBOR:
7.38%
KTEC:
13.75%
OBOR:
16.27%
KTEC:
40.37%
OBOR:
-39.86%
KTEC:
-66.90%
OBOR:
-23.29%
KTEC:
-35.33%
Returns By Period
In the year-to-date period, OBOR achieves a 1.03% return, which is significantly lower than KTEC's 24.01% return.
OBOR
1.03%
1.42%
0.81%
8.89%
1.50%
N/A
KTEC
24.01%
22.08%
49.57%
61.25%
N/A
N/A
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OBOR vs. KTEC - Expense Ratio Comparison
OBOR has a 0.79% expense ratio, which is higher than KTEC's 0.69% expense ratio.
Risk-Adjusted Performance
OBOR vs. KTEC — Risk-Adjusted Performance Rank
OBOR
KTEC
OBOR vs. KTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI One Belt One Road Index ETF (OBOR) 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.
Dividends
OBOR vs. KTEC - Dividend Comparison
OBOR's dividend yield for the trailing twelve months is around 3.82%, more than KTEC's 0.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
OBOR KraneShares MSCI One Belt One Road Index ETF | 3.82% | 3.86% | 3.40% | 4.75% | 3.26% | 2.04% | 4.33% | 2.84% | 0.11% |
KTEC KraneShares Hang Seng TECH Index ETF | 0.22% | 0.27% | 0.81% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OBOR vs. KTEC - Drawdown Comparison
The maximum OBOR drawdown since its inception was -39.86%, smaller than the maximum KTEC drawdown of -66.90%. Use the drawdown chart below to compare losses from any high point for OBOR and KTEC. For additional features, visit the drawdowns tool.
Volatility
OBOR vs. KTEC - Volatility Comparison
The current volatility for KraneShares MSCI One Belt One Road Index ETF (OBOR) is 2.26%, while KraneShares Hang Seng TECH Index ETF (KTEC) has a volatility of 9.59%. This indicates that OBOR experiences smaller price fluctuations and is considered to be less risky than KTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.