KGRN
KraneShares MSCI China Clean Technology Index ETF
KGRN tracks an index of Chinese companies of all capitalization sizes that derive at least 50% of their revenue from environmentally beneficial products and services.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
50.7 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | KraneShares |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 12, 2017 |
| Assets (mns) | $51 |
| Expense ratio | 79 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BYD CO LTD-H | 9.1 % |
| LI AUTO, INC. CLASS A | 8.4 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 6.6 % |
| CHINA YANGTZE POWER CO LTD-A | 5.9 % |
| NIO INC. SPONSORED ADR CLASS A | 5.8 % |
| CHINA LONGYUAN POWER GROUP-H | 4.7 % |
| XPENG, INC. CLASS A | 4.6 % |
| BEIJING-SHANGHAI HIGH-SPEED RAILWAY CO., | 3.9 % |
| KINGDEE INTERNATIONAL SFTWR | 3.3 % |
| XINYI SOLAR HOLDINGS LTD | 3.2 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 434 |
| Wgt avg mkt cap (mns) | $35,334 |
| Large cap (>$10bn) | 54.5% |
| Mid cap ($2-10bn) | 39.3% |
| Small cap (<$2bn) | 4.9% |
| Developed mkts. | 9.9% |
| Emerging mkts. | 90.2% |
Country Exposure
 |
CHINA | 87.7 % |
 |
HONG KONG | 6.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.3% | 3.6% | 0.9% | -20.2% | 8.5% | -- | 0.7% | Volatility | 35.8% | 35.2% | 32.7% | 37.2% | 37.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 7% |
| MSCI EAFE | 0.82 | 14% |
| MSCI Emg Mkts | 1.48 | 43% |
Liquidity Measures
| Avg. volume (000) | 22 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.87% |
| ADV of underlying (mns) | $7,099 |
Technical Indicators
| Recent close | $22.03 |
| 30d moving avg. | $23.48 |
| Annualized volatility | 39.0% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KGRN |
Expenses vs. KGRN |
ALTAR Score™ vs. KGRN |
|---|---|---|---|---|
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 21.1% | -7 bp | -4.9% |
| KBA | KraneShares Bosera MSCI China A 50 Connect Index ETF | 16.5% | -24 bp | +2.9% |
| CHIQ | Global X MSCI China Consumer Discretionary ETF | 15.3% | -14 bp | +0.3% |
| AFTY | Pacer CSOP FTSE China A50 ETF | 14.4% | -9 bp | +3.2% |
| IDRV | iShares Self-driving EV & Tech ETF | 14.3% | -32 bp | -6.3% |
| BATT | Amplify Lithium & Battery Technology ETF | 13.7% | -20 bp | -6.0% |
| ETEC | iShares Breakthrough Environmental Solutions ETF | 13.4% | -32 bp | +2.1% |
| OBOR | KraneShares MSCI One Belt One Road Index ETF | 13.0% | 0 bp | +4.5% |
| FDRV | Fidelity Electric Vehicles and Future Transportation ETF | 12.5% | -40 bp | -7.5% |
| CGRO | CoreValues Alpha Greater China Growth ETF | 11.9% | -4 bp | -3.8% |
Risk and Returns: KGRN 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.
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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
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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 11/22/2024
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
KGRN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
KGRN
5.9%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. KGRN's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places KGRN in the 32nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KGRNSELL
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 |
| KGRN (79 bp) Percentile rank | 69 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KGRN | 79.0 | 86.5 | 165.5 |
| Peer Avg. | 64.4 | 44.2 | 108.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .