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ETFs

KraneShares China Innovation ETF

KGRO
$—
Today’s Change
— (—)

Snapshot
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Inception Date
Oct 7, 2021
Expense Ratio
0.97%
Type
Global Ex. US Equities
Fund Owner
Krane Shares
Volume (1m avg. daily)
$1,827
AUM
$1,363,027
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

KWEB
KraneShares Trust - KraneShares CSI China Internet ETF
31.69%
KURE
KraneShares Trust - KraneShares MSCI All China Health Care Index ETF
25.45%
KGRN
KraneShares Trust - KraneShares MSCI China Clean Technology Index ETF
18.68%
KFVG
KraneShares Trust - KraneShares CICC China 5G and Semiconductor Index ETF
14.12%
KSTR
KraneShares ICAV - KraneShares SSE STAR Market 50 Index ETF
9.06%
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Cash
1%
Invest with KGRO

What is KGRO?

The KraneShares China Innovation ETF (KGRO) is an active ETF which provides investors with core exposure to the brightest high-growth areas within Chinas economy by combining "New China" growth sectors. KGRO primarily invests in the following ETFs: The KraneShares CSI China Internet ETF (KWEB), The KraneShares MSCI All China Health Care ETF (KURE), The KraneShares MSCI China Clean Technology ETF (KGRN), KraneShares CICC China 5G & Semiconductor ETF (KFVG), KraneShares SSE STAR Market 50 Index ETF (KSTR). In addition to investments in these ETFs, KGRO may invest up to 15% of its net assets in the securities of private companies that align with the themes represented by the ETFs or appear to be attractive opportunities, including those that may be preparing for an initial public offering.

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ETFs related toKGRO

ETFs correlated to KGRO include CXSE, GXC, CQQQ

KGRO
KraneShares Trust - KraneShares China Innovation ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund
GXC
SSgA Active Trust - SPDR S&P China ETF
CQQQ
Invesco Capital Management LLC - Invesco China Technology ETF
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
CHIQ
Global X Funds - Global X MSCI China Consumer Discretionary ETF
CWEB
Direxion Shares ETF Trust - Direxion Daily CSI China Internet Index Bull 2X Shares
KWEB
KraneShares Trust - KraneShares CSI China Internet 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

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.

FAQ

KGRO is a Global Ex. US Equities ETF. The KraneShares China Innovation ETF (KGRO) is an active ETF which provides investors with core exposure to the brightest high-growth areas within Chinas economy by combining "New China" growth sectors. KGRO primarily invests in the following ETFs: The KraneShares CSI China Internet ETF (KWEB), The KraneShares MSCI All China Health Care ETF (KURE), The KraneShares MSCI China Clean Technology ETF (KGRN), KraneShares CICC China 5G & Semiconductor ETF (KFVG), KraneShares SSE STAR Market 50 Index ETF (KSTR). In addition to investments in these ETFs, KGRO may invest up to 15% of its net assets in the securities of private companies that align with the themes represented by the ETFs or appear to be attractive opportunities, including those that may be preparing for an initial public offering.

Yes, KGRO is actively 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.

No, KGRO is not passively managed. It is actively 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 KGRO is -0.0141%. This is the percent change in the value of KGRO over the most recent 1-month period. The 3-month return on KGRO is -0.0439%. This is the percent change in the value of KGRO over the most recent 3-month period.

The standard deviation of KGRO for the past year is 0.3189%. 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 KGRO include PBW, IGF, and ARKK.

ETFs correlated to KGRO include CXSE, GXC, and CQQQ.

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

Disclaimers

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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.

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