KraneShares MSCI Correlations

OBOR Etf

USD 28.65 0.29 1.00%

The current 90-days correlation between KraneShares MSCI One and USCF ETF Trust is 0.42 (i.e., Very weak diversification). The correlation of KraneShares MSCI 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. If the correlation is 0, the equities are not correlated; they are entirely random.

KraneShares MSCI Correlation With Market

Very poor diversification

The correlation between KraneShares MSCI One and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares MSCI One and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with KraneShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in KraneShares MSCI One. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with KraneShares Etf

0.94	EWT	iShares MSCI Taiwan	Pair Corr
0.9	ASHR	Xtrackers Harvest CSI	Pair Corr
0.69	GXC	SPDR SP China	Pair Corr
0.74	CQQQ	Invesco China Technology	Pair Corr
0.86	EWH	iShares MSCI Hong Potential Growth	Pair Corr
0.7	KBA	KraneShares Bosera MSCI	Pair Corr
0.9	CNYA	iShares MSCI China	Pair Corr
0.85	SIXD	AIM ETF Products	Pair Corr
0.91	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.77	ULE	ProShares Ultra Euro	Pair Corr
0.91	PMAY	Innovator SP 500	Pair Corr
0.96	SCZ	iShares MSCI EAFE	Pair Corr
0.91	UMAY	Innovator ETFs Trust	Pair Corr
0.93	FIDU	Fidelity MSCI Industrials	Pair Corr
0.94	PFF	iShares Preferred	Pair Corr
0.91	GAPR	First Trust Exchange	Pair Corr
0.61	GOOX	Etf Opportunities Trust	Pair Corr
0.83	NCPB	Nuveen Core Plus	Pair Corr
0.91	TAXT	Northern Trust Tax	Pair Corr
0.78	FXC	Invesco CurrencyShares	Pair Corr
0.97	CCNR	CoreCommodity Natural	Pair Corr
0.91	TLCI	Touchstone ETF Trust	Pair Corr
0.92	GENW	Spinnaker ETF Series	Pair Corr
0.9	EMES	Harbor ETF Trust	Pair Corr
0.87	XFIX	Fm Investments Symbol Change	Pair Corr
0.94	WLDR	Affinity World Leaders	Pair Corr
0.97	IAUM	iShares Gold Trust	Pair Corr
0.84	QLV	FlexShares Quality Low	Pair Corr
0.87	XAUG	FT Cboe Vest	Pair Corr
0.9	JPIE	JP Morgan Exchange	Pair Corr

Moving against KraneShares Etf

0.77	VIXY	ProShares VIX Short Low Volatility	Pair Corr
0.76	VXX	iPath Series B Low Volatility	Pair Corr
0.49	PLTI	REX ETF Trust	Pair Corr

Related Correlations Analysis

	BEDZ	GEND	PCEM	DUKX	KPRO	EAFG	EATZ	THNR	BFRE	ZSC
BEDZ		0.41	0.43	0.41	-0.33	0.55	0.71	0.5	0.63	0.51	BEDZ
GEND	0.41		0.92	0.94	-0.76	0.86	0.75	0.73	0.81	0.59	GEND
PCEM	0.43	0.92		0.99	-0.84	0.96	0.74	0.81	0.87	0.81	PCEM
DUKX	0.41	0.94	0.99		-0.82	0.95	0.75	0.79	0.88	0.78	DUKX
KPRO	-0.33	-0.76	-0.84	-0.82		-0.78	-0.65	-0.76	-0.65	-0.75	KPRO
EAFG	0.55	0.86	0.96	0.95	-0.78		0.85	0.84	0.94	0.87	EAFG
EATZ	0.71	0.75	0.74	0.75	-0.65	0.85		0.78	0.85	0.73	EATZ
THNR	0.5	0.73	0.81	0.79	-0.76	0.84	0.78		0.77	0.8	THNR
BFRE	0.63	0.81	0.87	0.88	-0.65	0.94	0.85	0.77		0.78	BFRE
ZSC	0.51	0.59	0.81	0.78	-0.75	0.87	0.73	0.8	0.78		ZSC
	BEDZ	GEND	PCEM	DUKX	KPRO	EAFG	EATZ	THNR	BFRE	ZSC

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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

DUKX	+ 0.99	PCEM
EAFG	+ 0.96	PCEM
EAFG	+ 0.95	DUKX
DUKX	+ 0.94	GEND
BFRE	+ 0.94	EAFG
PCEM	+ 0.92	GEND

High negative correlations

KPRO	- 0.84	PCEM
KPRO	- 0.82	DUKX
EAFG	- 0.78	KPRO
THNR	- 0.76	KPRO
KPRO	- 0.76	GEND
ZSC	- 0.75	KPRO

KraneShares MSCI Constituents Risk-Adjusted Indicators

There is a big difference between KraneShares Etf performing well and KraneShares MSCI 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 MSCI'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
BEDZ	1.00	(0.05)	(0.04)	0.01	1.14	(1.16)	2.54	(2.29)	5.98
GEND	0.60	0.17	0.20	0.30	0.46	(0.69)	1.35	(0.99)	3.40
PCEM	0.81	0.19	0.16	0.33	0.80	(0.90)	2.09	(1.62)	4.31
DUKX	0.57	0.12	0.12	0.24	0.57	(0.60)	1.27	(1.16)	3.41
KPRO	0.38	(0.12)	0.00	(0.50)	0.00	0.00	0.78	(0.70)	7.61
EAFG	0.82	0.10	0.08	0.18	0.93	(0.89)	1.58	(1.52)	5.58
EATZ	0.90	0.05	0.05	0.12	0.80	(1.07)	1.91	(1.58)	6.12
THNR	0.87	0.14	0.10	0.26	1.01	(0.89)	1.74	(2.17)	5.68
BFRE	0.59	(0.01)	(0.03)	0.05	0.81	(0.56)	1.11	(1.50)	3.71
ZSC	0.77	0.05	0.00	0.29	0.96	(0.81)	1.65	(1.60)	7.23

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