KraneShares Trust Correlations

BUYO Etf

23.17 0.15 0.64%

The current 90-days correlation between KraneShares Trust and FT Vest Equity is -0.02 (i.e., Good 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

Good diversification

The correlation between KraneShares Trust and DJI is -0.07 (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 Trending Equities 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 manufacturing.

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

Moving together with KraneShares Etf

0.74	VTI	Vanguard Total Stock	Pair Corr
0.7	SPY	SPDR SP 500	Pair Corr
0.71	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.7	VUG	Vanguard Growth Index	Pair Corr
0.73	VO	Vanguard Mid Cap	Pair Corr
0.73	VB	Vanguard Small Cap	Pair Corr
0.61	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.76	MSFT	Microsoft	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.91	AXP	American Express Sell-off Trend	Pair Corr
0.64	AA	Alcoa Corp	Pair Corr
0.82	DIS	Walt Disney	Pair Corr
0.72	BA	Boeing	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr

Moving against KraneShares Etf

0.48	FXY	Invesco CurrencyShares	Pair Corr
0.45	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.34	VEA	Vanguard FTSE Developed	Pair Corr
0.66	VZ	Verizon Communications	Pair Corr
0.58	KO	Coca Cola	Pair Corr
0.48	MCD	McDonalds	Pair Corr
0.41	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.32	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.04	0.59	-0.54	0.32	0.47	0.43	0.9	-0.75	-0.01	META
MSFT	-0.04		-0.62	0.09	-0.79	0.44	0.51	0.1	0.44	-0.52	MSFT
UBER	0.59	-0.62		-0.35	0.8	-0.04	-0.17	0.53	-0.85	0.54	UBER
F	-0.54	0.09	-0.35		-0.05	-0.07	-0.14	-0.39	0.56	0.31	F
T	0.32	-0.79	0.8	-0.05		-0.41	-0.46	0.17	-0.65	0.58	T
A	0.47	0.44	-0.04	-0.07	-0.41		0.85	0.7	-0.02	-0.18	A
CRM	0.43	0.51	-0.17	-0.14	-0.46	0.85		0.58	0.01	-0.38	CRM
JPM	0.9	0.1	0.53	-0.39	0.17	0.7	0.58		-0.63	0.07	JPM
MRK	-0.75	0.44	-0.85	0.56	-0.65	-0.02	0.01	-0.63		-0.31	MRK
XOM	-0.01	-0.52	0.54	0.31	0.58	-0.18	-0.38	0.07	-0.31		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.9	META
CRM	+ 0.85	A
T	+ 0.8	UBER
JPM	+ 0.7	A
UBER	+ 0.59	META
XOM	+ 0.58	T

High negative correlations

MRK	- 0.85	UBER
T	- 0.79	MSFT
MRK	- 0.75	META
MRK	- 0.65	T
MRK	- 0.63	JPM
UBER	- 0.62	MSFT

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	1.59	0.02	0.00	(0.05)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.12	(0.15)	0.00	(0.28)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.41	0.19	0.74	2.06	(2.04)	4.72	(3.13)	12.75
F	1.47	0.07	0.03	0.00	2.22	(1.39)	2.71	(2.89)	10.14
T	1.04	0.26	0.16	0.40	1.61	(1.11)	1.90	(1.75)	11.66
A	1.17	(0.12)	0.00	(0.21)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.38	(0.26)	0.00	(0.32)	0.00	0.00	2.72	(3.53)	8.88
JPM	1.10	0.09	0.05	0.02	1.74	(1.04)	1.99	(3.35)	6.85
MRK	1.17	(0.11)	0.00	1.52	0.00	0.00	2.07	(1.80)	11.58
XOM	1.06	0.11	0.10	0.17	1.39	(1.08)	2.55	(2.36)	5.89

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