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ETFs

KraneShares MSCI China Clean Technology Index ETF

KGRN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2017
Expense Ratio
0.79%
Type
Global Ex. US Equities
Fund Owner
Krane Shares
Volume (1m avg. daily)
$283,867
AUM
$78,213,050
Associated Index
MSCI China IMI Environment 10/40 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

2015
Li Auto Inc - Ordinary Shares - Class A
9.52%
1211
BYD Co - Ordinary Shares - Class H
9.45%
300750
Contemporary Amperex Technology Co. Limited - Ordinary Shares - Class A
8.43%
NIO
NIO Inc - ADR
7.26%
9868
XPeng Inc - Ordinary Shares - Class A
5.04%
916
China Longyuan Power Group Corporation Limited - Ordinary Shares - Class H
4.82%
1585
Yadea Group Holdings Ltd.
4.53%
968
Xinyi Solar Holdings Limited
4.16%
3898
Zhuzhou CRRC Times Electric Co Ltd. - Ordinary Shares - Class H
3.50%
601012
Longi Green Energy Technology Co. Ltd. - Ordinary Shares - Class A
3.10%
Invest with KGRN

What is KGRN?

KGRN seeks to track the performance of the MSCI China IMI Environment 10/40 Index. The Index is comprised of securities that derive at least 50% of their revenues from environmentally beneficial products and services. The Index is based on five key Clean Technology environmental themes: Alternative Energy, Sustainable Water, Green Building, Pollution Prevention and Energy Efficiency. The Index aims to serve as a benchmark for investors seeking exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating the impact of environmental degradation. Constituent selection is based on data from MSCI Environment, Social, and Governance (ESG).

ETFs related toKGRN

ETFs correlated to KGRN include CXSE, CHIQ, GXC

KGRN
KraneShares Trust - KraneShares MSCI China Clean Technology Index ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund
CHIQ
Global X Funds - Global X MSCI China Consumer Discretionary ETF
GXC
SSgA Active Trust - SPDR S&P China ETF
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
FXI
BlackRock Institutional Trust Company N.A. - iShares China Large-Cap ETF
YINN
Direxion Shares ETF Trust - Direxion Daily FTSE China Bull 3X Shares
GMF
SSgA Active Trust - SPDR S&P Emerging Asia Pacific ETF
CWEB
Direxion Shares ETF Trust - Direxion Daily CSI China Internet Index Bull 2X Shares
KWEB
KraneShares Trust - KraneShares CSI China Internet ETF
KBA
KraneShares Trust - KraneSharesBosera MSCI China A 50 Connect Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toKGRN

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with KGRN using Composer

FAQ

KGRN is a Global Ex. US Equities ETF. KGRN seeks to track the performance of the MSCI China IMI Environment 10/40 Index. The Index is comprised of securities that derive at least 50% of their revenues from environmentally beneficial products and services. The Index is based on five key Clean Technology environmental themes: Alternative Energy, Sustainable Water, Green Building, Pollution Prevention and Energy Efficiency. The Index aims to serve as a benchmark for investors seeking exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating the impact of environmental degradation. Constituent selection is based on data from MSCI Environment, Social, and Governance (ESG).

KGRN tracks the MSCI China IMI Environment 10/40 Index.

No, KGRN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, KGRN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KGRN is -0.0408%. This is the percent change in the value of KGRN over the most recent 1-month period. The 3-month return on KGRN is -0.0664%. This is the percent change in the value of KGRN over the most recent 3-month period.

The standard deviation of KGRN for the past year is 0.3245%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KGRN include EWZ, EWW, and EWT.

ETFs correlated to KGRN include CXSE, CHIQ, and GXC.

ETFs that are inversely correlated to KGRN include YANG, EDZ, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.