KraneShares Trust Correlations

KPRO Etf

26.99 0.12 0.44%

The current 90-days correlation between KraneShares Trust and iShares Dividend and is 0.13 (i.e., Average 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 0.15 (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 metropolitan statistical area.

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

Moving together with KraneShares Etf

0.67	BUFR	First Trust Cboe	Pair Corr
0.67	BUFD	FT Cboe Vest	Pair Corr
0.67	PSEP	Innovator SP 500	Pair Corr
0.67	PJAN	Innovator SP 500	Pair Corr
0.69	PJUL	Innovator SP 500	Pair Corr
0.69	PAUG	Innovator Equity Power	Pair Corr
0.69	DNOV	FT Cboe Vest	Pair Corr
0.69	PMAY	Innovator SP 500	Pair Corr
0.7	PJUN	Innovator SP 500	Pair Corr
0.63	USD	ProShares Ultra Semi	Pair Corr
0.63	TECL	Direxion Daily Technology	Pair Corr
0.61	FNGS	MicroSectors FANG ETN	Pair Corr
0.65	ROM	ProShares Ultra Tech	Pair Corr
0.66	QLD	ProShares Ultra QQQ	Pair Corr
0.7	SMH	VanEck Semiconductor ETF	Pair Corr
0.91	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.7	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.64	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.67	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.67	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.66	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.87	HD	Home Depot	Pair Corr
0.78	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against KraneShares Etf

0.55	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.43	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.29	0.57	-0.02	0.6	0.02	0.68	0.28	-0.56	0.72	META
MSFT	0.29		0.24	0.12	0.2	-0.02	0.02	-0.17	0.11	-0.18	MSFT
UBER	0.57	0.24		-0.02	0.02	0.26	0.05	-0.1	0.04	0.36	UBER
F	-0.02	0.12	-0.02		0.0	-0.37	0.36	0.62	-0.24	0.29	F
T	0.6	0.2	0.02	0.0		-0.48	0.73	0.49	-0.76	0.39	T
A	0.02	-0.02	0.26	-0.37	-0.48		-0.48	-0.65	0.64	-0.01	A
CRM	0.68	0.02	0.05	0.36	0.73	-0.48		0.83	-0.92	0.68	CRM
JPM	0.28	-0.17	-0.1	0.62	0.49	-0.65	0.83		-0.83	0.51	JPM
MRK	-0.56	0.11	0.04	-0.24	-0.76	0.64	-0.92	-0.83		-0.57	MRK
XOM	0.72	-0.18	0.36	0.29	0.39	-0.01	0.68	0.51	-0.57		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	+ 0.83	CRM
CRM	+ 0.73	T
XOM	+ 0.72	META
CRM	+ 0.68	META
XOM	+ 0.68	CRM
MRK	+ 0.64	A

High negative correlations

MRK	- 0.92	CRM
MRK	- 0.83	JPM
MRK	- 0.76	T
JPM	- 0.65	A
XOM	- 0.57	MRK
MRK	- 0.56	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	1.05	0.00	(0.03)	0.12	1.40	(1.14)	2.62	(3.15)	8.02
MSFT	0.88	(0.08)	(0.07)	0.01	1.51	(0.82)	2.09	(1.85)	8.19
UBER	1.60	(0.14)	0.00	(0.02)	0.00	0.00	2.69	(2.44)	20.10
F	1.43	(0.12)	(0.02)	0.04	2.19	(1.43)	2.75	(2.90)	11.72
T	0.92	0.28	0.14	24.43	0.85	(1.04)	2.56	(1.72)	6.47
A	1.14	(0.13)	0.00	(0.12)	0.00	0.00	2.29	(2.42)	9.02
CRM	1.28	0.29	0.25	0.37	0.90	(1.52)	3.18	(1.91)	9.09
JPM	1.12	0.00	0.06	0.12	1.44	(1.17)	2.05	(2.00)	15.87
MRK	0.85	(0.26)	0.00	(1.12)	0.00	0.00	1.73	(2.13)	4.89
XOM	1.03	0.03	(0.01)	0.18	1.21	(1.11)	2.14	(2.09)	5.78

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