Skip to Content
ETFs

KraneShares Electrification Metals Strategy ETF

KMET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2022
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Krane Shares
Volume (1m avg. daily)
$45,902
AUM
$22,752,050
Associated Index
Bloomberg Electrification Metals Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GVMXX
STATE ST INST US GOV
53.04%
n/a
Cash
46.96%
Invest with KMET

What is KMET?

KMET tracks the Bloomberg Electrification Metals Index, composed of futures contracts on aluminum, copper, nickel, zinc, cobalt, and lithium. From Electric Vehicles (EVs) and batteries to renewable energy infrastructure, the metals exposures within KMET are experiencing strong demand from a range of electrification uses. We believe these metals' value will increase alongside accelerating global decarbonization efforts.

ETFs related toKMET

ETFs correlated to KMET include DBB, COPX, CPER

KMET
KraneShares Trust - KraneShares Electrification Metals
DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
COPX
Global X Funds - Global X Copper Miners ETF
CPER
United States Commodity Funds LLC - United States Copper Index Fund
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
KBA
KraneShares Trust - KraneSharesBosera MSCI China A 50 Connect Index ETF
GCC
WisdomTree Commodity Services LLC - WisdomTree EnhancedContinuous Commodity Index Fund
DEM
WisdomTree Trust - WisdomTree Emerging Markets High Dividend Fund
ASHR
DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF
DEHP
Dimensional ETF Trust - Dimensional Emerging Markets High Profitability 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 toKMET

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with KMET using Composer

FAQ

KMET is a US Equities ETF. KMET tracks the Bloomberg Electrification Metals Index, composed of futures contracts on aluminum, copper, nickel, zinc, cobalt, and lithium. From Electric Vehicles (EVs) and batteries to renewable energy infrastructure, the metals exposures within KMET are experiencing strong demand from a range of electrification uses. We believe these metals' value will increase alongside accelerating global decarbonization efforts.

KMET tracks the Bloomberg Electrification Metals Index.

No, KMET 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, KMET 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 KMET is -0.0613%. This is the percent change in the value of KMET over the most recent 1-month period. The 3-month return on KMET is -0.0723%. This is the percent change in the value of KMET over the most recent 3-month period.

ETFs similar to KMET include SLV, GLD, and SIVR.

ETFs correlated to KMET include DBB, COPX, and CPER.

ETFs that are inversely correlated to KMET include EUM, USDU, and EDZ.

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.