KraneShares Trust Correlations

KCAI Etf

27.08 0.49 1.84%

The current 90-days correlation between KraneShares Trust and Xtrackers Harvest CSI is 0.91 (i.e., Almost no diversification). The correlation of KraneShares Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

KraneShares Trust Correlation With Market

Good diversification

The correlation between KraneShares Trust and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KraneShares Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in KraneShares Etf please use our How to Invest in KraneShares Trust guide.

Moving together with KraneShares Etf

0.97	KWEB	KraneShares CSI China	Pair Corr
0.98	FXI	iShares China Large	Pair Corr
0.98	ASHR	Xtrackers Harvest CSI	Pair Corr
0.99	GXC	SPDR SP China	Pair Corr
0.95	CQQQ	Invesco China Technology	Pair Corr
0.98	CXSE	WisdomTree China	Pair Corr
0.96	EWH	iShares MSCI Hong	Pair Corr
0.99	KBA	KraneShares Bosera MSCI	Pair Corr
0.97	CNYA	iShares MSCI China	Pair Corr
0.63	CEFD	ETRACS Monthly Pay	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.69	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.78	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against KraneShares Etf

0.52	YCL	ProShares Ultra Yen	Pair Corr
0.5	FXY	Invesco CurrencyShares	Pair Corr
0.39	VIIX	VIIX	Pair Corr
0.48	PG	Procter Gamble Sell-off Trend	Pair Corr
0.43	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.41	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.26	0.55	0.07	0.53	0.05	0.64	0.28	-0.53	0.73	META
MSFT	0.26		0.21	0.17	0.16	-0.01	0.03	-0.11	0.13	-0.2	MSFT
UBER	0.55	0.21		-0.06	-0.09	0.27	-0.03	-0.16	0.09	0.35	UBER
F	0.07	0.17	-0.06		0.28	-0.41	0.5	0.7	-0.37	0.32	F
T	0.53	0.16	-0.09	0.28		-0.5	0.81	0.64	-0.79	0.39	T
A	0.05	-0.01	0.27	-0.41	-0.5		-0.46	-0.6	0.63	0.0	A
CRM	0.64	0.03	-0.03	0.5	0.81	-0.46		0.86	-0.91	0.65	CRM
JPM	0.28	-0.11	-0.16	0.7	0.64	-0.6	0.86		-0.83	0.47	JPM
MRK	-0.53	0.13	0.09	-0.37	-0.79	0.63	-0.91	-0.83		-0.56	MRK
XOM	0.73	-0.2	0.35	0.32	0.39	0.0	0.65	0.47	-0.56		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.86	CRM
CRM	+ 0.81	T
XOM	+ 0.73	META
JPM	+ 0.7	F
XOM	+ 0.65	CRM
CRM	+ 0.64	META

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.83	JPM
MRK	- 0.79	T
JPM	- 0.6	A
XOM	- 0.56	MRK
MRK	- 0.53	META

KraneShares Trust Competition Risk-Adjusted Indicators

There is a big difference between KraneShares Etf performing well and KraneShares Trust ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze KraneShares Trust's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
UBER	1.61	(0.11)	(0.04)	0.02	2.32	(1.70)	2.69	(2.53)	20.10
F	1.42	(0.15)	(0.04)	0.03	2.23	(1.39)	2.53	(2.90)	11.21
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.06)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.31	0.23	0.18	0.34	1.08	(1.53)	3.18	(1.91)	9.98
JPM	1.12	(0.04)	0.05	0.11	1.38	(1.23)	2.05	(2.00)	15.87
MRK	0.91	(0.24)	0.00	(0.86)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.00	(0.03)	(0.07)	0.06	1.31	(1.04)	2.10	(2.09)	5.74

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