KraneShares Trust Correlations

KEM Etf

USD 28.03 0.05 0.18%

The current 90-days correlation between KraneShares Trust and Strategy Shares is 0.23 (i.e., Modest 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 0.18 (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

0.91	VWO	Vanguard FTSE Emerging	Pair Corr
0.93	IEMG	iShares Core MSCI	Pair Corr
0.95	EEM	iShares MSCI Emerging	Pair Corr
0.89	SPEM	SPDR Portfolio Emerging	Pair Corr
0.99	FNDE	Schwab Fundamental	Pair Corr
0.94	ESGE	iShares ESG Aware	Pair Corr
0.82	SFGRX	Seafarer Overseas	Pair Corr
0.68	XSOE	WisdomTree Emerging	Pair Corr
0.68	PG	Procter Gamble	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.87	T	ATT Inc	Pair Corr
0.85	MCD	McDonalds	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.79	IBM	International Business	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr

Moving against KraneShares Etf

0.49	CAT	Caterpillar	Pair Corr
0.4	AXP	American Express	Pair Corr
0.39	BAC	Bank of America	Pair Corr
0.37	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	MCHI	DIPS	DISO	DIVB	DIVS	DIVZ	MCSE
DHSB		-0.11	-0.04	0.11	0.01	-0.09	-0.06	-0.11	-0.15	DHSB
MBOX	-0.11		0.29	-0.25	0.4	0.92	0.6	0.79	0.78	MBOX
MCHI	-0.04	0.29		0.35	-0.26	0.58	0.85	0.77	0.73	MCHI
DIPS	0.11	-0.25	0.35		-0.43	-0.02	0.29	0.11	0.11	DIPS
DISO	0.01	0.4	-0.26	-0.43		0.31	-0.07	0.04	0.04	DISO
DIVB	-0.09	0.92	0.58	-0.02	0.31		0.79	0.94	0.9	DIVB
DIVS	-0.06	0.6	0.85	0.29	-0.07	0.79		0.9	0.88	DIVS
DIVZ	-0.11	0.79	0.77	0.11	0.04	0.94	0.9		0.93	DIVZ
MCSE	-0.15	0.78	0.73	0.11	0.04	0.9	0.88	0.93		MCSE
	DHSB	MBOX	MCHI	DIPS	DISO	DIVB	DIVS	DIVZ	MCSE

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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

DIVZ	+ 0.94	DIVB
MCSE	+ 0.93	DIVZ
DIVB	+ 0.92	MBOX
MCSE	+ 0.9	DIVB
DIVZ	+ 0.9	DIVS
MCSE	+ 0.88	DIVS

High negative correlations

DISO	- 0.43	DIPS
DISO	- 0.26	MCHI
DIPS	- 0.25	MBOX
MCSE	- 0.15	DHSB
DIVZ	- 0.11	DHSB
MBOX	- 0.11	DHSB

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
DHSB	0.30	(0.13)	0.00	(1.29)	0.00	0.00	0.49	(0.69)	1.17
MBOX	0.64	(0.01)	0.00	(0.15)	0.00	0.00	0.97	(1.40)	3.45
MCHI	1.46	0.32	0.24	1.15	1.55	(1.66)	2.63	(2.72)	12.27
DIPS	2.18	0.09	0.13	(0.22)	2.66	(2.35)	5.35	(4.43)	23.78
DISO	0.87	(0.12)	0.00	(0.32)	0.00	0.00	1.44	(2.14)	6.61
DIVB	0.61	0.01	0.00	(0.11)	0.00	0.00	1.01	(1.39)	3.13
DIVS	0.59	0.06	0.16	0.01	0.77	(0.60)	1.17	(1.32)	3.19
DIVZ	0.58	0.05	0.00	(0.03)	0.00	0.00	1.13	(1.22)	3.60
MCSE	0.83	0.10	0.12	0.01	1.14	(0.87)	1.90	(1.73)	6.39

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