WEX vs. KTEC

Last updated Jun 4, 2026

WEX (WEX Inc.) 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, WEX returned -6.13%/yr vs 7.14%/yr for KTEC. At a 0.28 correlation, their price movements are largely independent.

Performance

WEX vs. KTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEX Inc. (WEX) 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, WEX achieves a -2.09% return, which is significantly higher than KTEC's -11.17% return.

WEX

• 1D: -1.67%
• 1M: -5.39%
• YTD: -2.09%
• 6M: -2.34%
• 1Y: 6.77%
• 3Y*: -6.13%
• 5Y*: -6.49%
• 10Y*: 4.54%

KTEC

• 1D: -3.20%
• 1M: -0.29%
• YTD: -11.17%
• 6M: -12.80%
• 1Y: -8.17%
• 3Y*: 7.14%
• 5Y*: —
• 10Y*: —

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

WEX vs. KTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WEX WEX Inc.	-2.09%	-15.02%	-9.88%	18.88%	16.57%	-30.45%
KTEC KraneShares Hang Seng TECH Index ETF	-11.17%	21.01%	16.13%	-10.41%	-26.12%	-29.50%

Correlation

The correlation between WEX and KTEC is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021	0.28

The correlation between WEX and KTEC shifts across timeframes, from 0.15 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WEX vs. KTEC — Risk / Return Rank

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

WEX

WEX Risk / Return Rank: 45
WEX Sharpe Ratio Rank: 47
WEX Sortino Ratio Rank: 42
WEX Omega Ratio Rank: 42
WEX Calmar Ratio Rank: 46
WEX Martin Ratio Rank: 47

KTEC

KTEC Risk / Return Rank: 6
KTEC Sharpe Ratio Rank: 6
KTEC Sortino Ratio Rank: 6
KTEC Omega Ratio Rank: 6
KTEC Calmar Ratio Rank: 6
KTEC Martin Ratio Rank: 6

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.

WEX vs. KTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEX Inc. (WEX) 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.

	WEX	KTEC	Difference
Sharpe ratio: Return per unit of total volatility	0.18	-0.29	+0.47
Sortino ratio: Return per unit of downside risk	0.50	-0.24	+0.74
Omega ratio: Gain probability vs. loss probability	1.07	0.97	+0.09
Calmar ratio: Return relative to maximum drawdown	0.25	-0.28	+0.53
Martin ratio: Return relative to average drawdown	0.55	-0.50	+1.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEX vs. KTEC - Sharpe Ratio Comparison

The current WEX Sharpe Ratio is 0.18, which is higher than the KTEC Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of WEX 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

	WEX	KTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	-0.29	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	-0.24	+0.51

Drawdowns

WEX vs. KTEC - Drawdown Comparison

The maximum WEX drawdown since its inception was -78.96%, which is greater than KTEC's maximum drawdown of -66.90%. Use the drawdown chart below to compare losses from any high point for WEX and KTEC.

Drawdown Indicators

	WEX	KTEC	Difference
Max Drawdown Largest peak-to-trough decline	-78.96%	-66.90%	-12.06%
Max Drawdown (1Y) Largest decline over 1 year	-27.53%	-29.36%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-53.15%	-34.71%	-18.44%
Max Drawdown (5Y) Largest decline over 5 years	-53.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.60%	—	—
Current Drawdown Current decline from peak	-39.78%	-43.95%	+4.17%
Average Drawdown Average peak-to-trough decline	-17.48%	-43.97%	+26.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.23%	16.26%	-4.03%

Volatility

WEX vs. KTEC - Volatility Comparison

WEX Inc. (WEX) has a higher volatility of 11.18% compared to KraneShares Hang Seng TECH Index ETF (KTEC) at 10.62%. This indicates that WEX'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

	WEX	KTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.18%	10.62%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	32.02%	20.56%	+11.46%
Volatility (1Y) Calculated over the trailing 1-year period	37.59%	28.01%	+9.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.61%	43.22%	-6.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.08%	43.22%	-3.14%

Dividends

WEX vs. KTEC - Dividend Comparison

WEX has not paid dividends to shareholders, while KTEC's dividend yield for the trailing twelve months is around 3.78%.

Position	TTM	2025	2024	2023	2022
KTEC KraneShares Hang Seng TECH Index ETF	3.78%	3.36%	0.27%	0.81%	0.16%
WEX WEX Inc.	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEX and KTEC in my portfolio?

WEX and KTEC have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEX or KTEC?

WEX has higher volatility (11.18%) compared to KTEC (10.62%). In terms of maximum drawdown, WEX dropped -78.96% vs KTEC's -66.90%.

Which has better risk-adjusted returns?

WEX currently has the higher Sharpe Ratio (0.18 vs -0.29), 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.