KEMX
KraneShares MSCI Emerging Markets EX China Index ETF
KEMX is benchmarked to the MSCI Emerging Markets ex China Index, which tracks large-cap and mid-cap companies within emerging market countries, excluding China.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
66.2 M
ASSETS UNDER MGMT
24 bp
EXPENSES
Fund Basics
| Fund sponsor | KraneShares |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 12, 2019 |
| Assets (mns) | $66 |
| Expense ratio | 24 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 13.6 % |
| SAMSUNG ELECTRONICS CO LTD | 3.6 % |
| RELIANCE INDS-SPONS GDR 144A | 2.1 % |
| INFOSYS TECHNOLOGIES-SP ADR | 1.9 % |
| HYNIX SEMICONDUCTOR INC | 1.7 % |
| MEDIATEK INC | 1.6 % |
| ICICI BANK LTD | 1.6 % |
| HON HAI PRECISION INDUSTRY | 1.5 % |
| HDFC BANK LIMITED | 1.5 % |
| BHARTI AIRTEL LIMITED | 1.3 % |
Constituent Breakdown
| Number of holdings | 299 |
| Herfindahl-Hirschman Index | 267 |
| Wgt avg mkt cap (mns) | $166,851 |
| Large cap (>$10bn) | 80.5% |
| Mid cap ($2-10bn) | 18.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 0.6% |
| Emerging mkts. | 99.4% |
Country Exposure
 |
TAIWAN | 30.1 % |
 |
INDIA | 22.0 % |
 |
SOUTH KOREA | 15.9 % |
 |
BRAZIL | 6.5 % |
 |
SOUTH AFRICA | 4.8 % |
 |
MEXICO | 3.0 % |
 |
MALAYSIA | 2.5 % |
 |
INDONESIA | 2.5 % |
 |
POLAND | 1.9 % |
 |
THAILAND | 1.7 % |
Historical Performance
Standardized Performance (as of 01/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.2% | 2.1% | 5.4% | -1.3% | 5.0% | -- | 4.6% | Volatility | 16.9% | 15.8% | 14.8% | 16.9% | 21.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 74% |
| MSCI EAFE | 0.92 | 79% |
| MSCI Emg Mkts | 0.91 | 78% |
Liquidity Measures
| Avg. volume (000) | 11 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.35% |
| ADV of underlying (mns) | $6,943 |
Technical Indicators
| Recent close | $28.75 |
| 30d moving avg. | $28.27 |
| Annualized volatility | 17.9% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KEMX |
Expenses vs. KEMX |
ALTAR Score™ vs. KEMX |
|---|---|---|---|---|
| STXE | Strive Emerging Markets Ex-China ETF | 64.1% | +8 bp | -2.2% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 62.5% | +1 bp | -2.6% |
| XCEM | Columbia EM Core ex-China ETF | 58.5% | -8 bp | -1.6% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 56.1% | +8 bp | -3.2% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 54.3% | -9 bp | +0.7% |
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 47.8% | -9 bp | -2.6% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 47.7% | +25 bp | -1.2% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 46.3% | +42 bp | +0.7% |
| ECON | Columbia Emerging Markets Consumer ETF | 45.9% | +25 bp | -2.3% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 45.8% | +6 bp | -2.4% |
Risk and Returns: KEMX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 2/21/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
KEMX
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
KEMX
8.9%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 160 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
3.8%. KEMX's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places KEMX in the 66th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KEMXSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| KEMX (24 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KEMX | 24.0 | 35.0 | 59 |
| Peer Avg. | 45.7 | 41.3 | 87.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .