KraneShares Trust Correlations

KEM Etf

USD 27.19 0.02 0.07%

The current 90-days correlation between KraneShares Trust and Franklin Templeton ETF is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KraneShares Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KraneShares Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

KraneShares Trust Correlation With Market

Average diversification

The correlation between KraneShares Trust and DJI is 0.1 (i.e., Average 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 income.

To learn how to invest in KraneShares Etf, please use our How to Invest in KraneShares Trust guide.

Moving together with KraneShares Etf

0.97	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.93	IEMG	iShares Core MSCI Sell-off Trend	Pair Corr
0.84	EMC	Global X Funds	Pair Corr
0.94	EEM	iShares MSCI Emerging	Pair Corr
0.97	SPEM	SPDR Portfolio Emerging	Pair Corr
0.98	FNDE	Schwab Fundamental	Pair Corr
0.94	ESGE	iShares ESG Aware	Pair Corr
0.96	XSOE	WisdomTree Emerging	Pair Corr
0.8	HD	Home Depot	Pair Corr
0.84	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.63	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.66	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.61	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.67	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.61	HPQ	HP Inc	Pair Corr

Moving against KraneShares Etf

0.45	PG	Procter Gamble	Pair Corr
0.35	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	DIEM	DIPS	DISO	DIVB	DIVD	DIVG	DIVI	DIVL	DIVO
DIEM		-0.41	0.17	0.53	0.48	0.4	0.25	0.47	0.53	DIEM
DIPS	-0.41		-0.76	-0.85	0.31	-0.79	0.66	-0.87	-0.78	DIPS
DISO	0.17	-0.76		0.77	-0.46	0.82	-0.73	0.8	0.77	DISO
DIVB	0.53	-0.85	0.77		-0.03	0.96	-0.53	0.99	0.94	DIVB
DIVD	0.48	0.31	-0.46	-0.03		-0.08	0.82	-0.12	-0.03	DIVD
DIVG	0.4	-0.79	0.82	0.96	-0.08		-0.57	0.96	0.92	DIVG
DIVI	0.25	0.66	-0.73	-0.53	0.82	-0.57		-0.6	-0.49	DIVI
DIVL	0.47	-0.87	0.8	0.99	-0.12	0.96	-0.6		0.92	DIVL
DIVO	0.53	-0.78	0.77	0.94	-0.03	0.92	-0.49	0.92		DIVO
	DIEM	DIPS	DISO	DIVB	DIVD	DIVG	DIVI	DIVL	DIVO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DIVL	+ 0.99	DIVB
DIVG	+ 0.96	DIVB
DIVL	+ 0.96	DIVG
DIVO	+ 0.94	DIVB
DIVO	+ 0.92	DIVG
DIVO	+ 0.92	DIVL

High negative correlations

DIVL	- 0.87	DIPS
DIVB	- 0.85	DIPS
DIVG	- 0.79	DIPS
DIVO	- 0.78	DIPS
DISO	- 0.76	DIPS
DIVI	- 0.73	DISO

KraneShares Trust Constituents 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
DIEM	0.89	(0.03)	(0.07)	0.01	1.18	(0.91)	1.97	(2.01)	7.08
DIPS	1.59	(0.16)	0.00	0.25	0.00	0.00	3.03	(3.20)	13.88
DISO	0.75	0.26	0.24	0.59	0.43	(0.93)	1.67	(0.83)	5.96
DIVB	0.52	0.02	0.02	0.11	0.34	(0.67)	1.04	(0.81)	3.81
DIVD	0.49	(0.07)	0.00	(0.05)	0.00	0.00	0.95	(0.98)	2.80
DIVG	0.47	0.04	0.01	0.14	0.41	(0.51)	1.10	(0.86)	3.07
DIVI	0.67	(0.13)	0.00	(0.21)	0.00	0.00	1.41	(1.58)	3.95
DIVL	0.48	0.03	0.01	0.13	0.39	(0.55)	1.10	(0.85)	2.93
DIVO	0.45	0.08	(0.01)	25.26	0.30	(0.52)	1.17	(0.67)	3.12

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC