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ETFs

KraneShares Hang Seng TECH Index ETF

KTEC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 09 2021
Expense Ratio
0.69%
Type
Global Ex. US Equities
Fund Owner
Krane Shares
Volume (1m avg. daily)
$53,561
AUM
$6,787,024
Associated Index
Hang Seng TECH Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

2015
Li Auto Inc - Ordinary Shares - Class A
8.63%
1810
Xiaomi Corporation - Ordinary Shares - Class B
8.52%
700
Tencent Holdings Ltd.
8.39%
9988
Alibaba Group Holding Ltd
8.38%
1024
Kuaishou Technology - Ordinary Shares - Class B
8.20%
9618
JD.com Inc - Ordinary Shares - Class A
7.96%
3690
Meituan - Ordinary Shares - Class B
7.80%
9999
NetEase Inc
6.01%
9888
Baidu Inc
4.91%
9868
XPeng Inc - Ordinary Shares - Class A
4.34%
Invest with KTEC

What is KTEC?

KTEC seeks to track the performance of the Hang Seng TECH Index, which captures the 30 largest companies in Hong Kongs rapidly growing technology sector. The Index provides exposure to innovative companies with strong research & development investment, high revenue growth, and themes such as cloud, E-Commerce, fintech and internet. The Index is freefloat market capitalization weighted with an 8% cap on individual constituent weighting.

ETFs related toKTEC

ETFs correlated to KTEC include CWEB, KWEB, MCHI

KTEC
KraneShares Trust - KraneShares Hang Seng TECH Index ETF
CWEB
Direxion Shares ETF Trust - Direxion Daily CSI China Internet Index Bull 2X Shares
KWEB
KraneShares Trust - KraneShares CSI China Internet ETF
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
YINN
Direxion Shares ETF Trust - Direxion Daily FTSE China Bull 3X Shares
FXI
BlackRock Institutional Trust Company N.A. - iShares China Large-Cap ETF
GXC
SSgA Active Trust - SPDR S&P China ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund
CQQQ
Invesco Capital Management LLC - Invesco China Technology ETF
CHIQ
Global X Funds - Global X MSCI China Consumer Discretionary ETF
EMQQ
Exchange Traded Concepts Trust - EMQQ The Emerging Markets Internet and Ecommerce 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 toKTEC

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with KTEC using Composer

FAQ

KTEC is a Global Ex. US Equities ETF. KTEC seeks to track the performance of the Hang Seng TECH Index, which captures the 30 largest companies in Hong Kongs rapidly growing technology sector. The Index provides exposure to innovative companies with strong research & development investment, high revenue growth, and themes such as cloud, E-Commerce, fintech and internet. The Index is freefloat market capitalization weighted with an 8% cap on individual constituent weighting.

KTEC tracks the Hang Seng TECH Index.

No, KTEC 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, KTEC 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 KTEC is -0.0531%. This is the percent change in the value of KTEC over the most recent 1-month period. The 3-month return on KTEC is 0.0037%. This is the percent change in the value of KTEC over the most recent 3-month period.

The standard deviation of KTEC for the past year is 0.4391%. 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 KTEC include IXN, IXJ, and SMH.

ETFs correlated to KTEC include CWEB, KWEB, and MCHI.

ETFs that are inversely correlated to KTEC 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.