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ETFs

KraneShares Electrification Metals Strategy ETF

KMET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2022
Expense Ratio
0.80%
Type
Global Commodities & Metals
Fund Owner
Krane Shares
Volume (1m avg. daily)
$1,221
AUM
$4,406,044
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
74.82%
n/a
Cash
25.18%
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, CPER, COPX

KMET
KraneShares Trust - KraneShares Electrification Metals
DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
CPER
United States Commodity Funds LLC - United States Copper Index Fund
COPX
Global X Funds - Global X Copper Miners ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
DEM
WisdomTree Trust - WisdomTree Emerging Markets High Dividend Fund
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
DGS
WisdomTree Trust - WisdomTree Emerging Markets SmallCap Dividend Fund

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

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with KMET using Composer

FAQ

KMET is a Global Commodities & Metals 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 -0.0234%. This is the percent change in the value of KMET over the most recent 1-month period. The 3-month return on KMET is -0.0377%. This is the percent change in the value of KMET over the most recent 3-month period.

ETFs similar to KMET include PPLT, IAU, and SIVR.

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

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

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.