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
$ 133.6 M
ASSETS UNDER MGMT
24 bp
EXPENSES
Fund Basics
| Inception date | Apr 12, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 15.5 % |
| SAMSUNG ELECTRONICS CO LTD | 8.4 % |
| RELIANCE INDS-SPONS GDR 144A | 4.1 % |
| MEDIATEK INC | 2.7 % |
| HYNIX SEMICONDUCTOR INC | 2.7 % |
| SK SQUARE CO., LTD. | 1.8 % |
| DELTA ELECTRONICS INC | 1.4 % |
| ACCTON TECHNOLOGY CORP | 1.3 % |
| HON HAI PRECISION INDUSTRY | 1.0 % |
| SAMSUNG ELECTRO-MECHANICS CO | 0.8 % |
Constituent Breakdown
| Number of holdings | 298 |
| Herfindahl-Hirschman Index | 371 |
| Wgt avg mkt cap (mns) | $459,287 |
| Large cap (>$10bn) | 87.1% |
| Mid cap ($2-10bn) | 7.0% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 1.1% |
| Emerging mkts. | 95.8% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 32.1 % |
 |
SOUTH KOREA | 26.7 % |
 |
INDIA | 16.2 % |
 |
BRAZIL | 4.8 % |
 |
SOUTH AFRICA | 2.6 % |
 |
MEXICO | 2.5 % |
 |
POLAND | 1.7 % |
 |
MALAYSIA | 1.6 % |
 |
UAE | 1.2 % |
 |
THAILAND | 1.1 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 41.5% | 62.7% | 32.2% | 25.4% | 10.1% | -- | -- | 10.6% |
| Dividend Yield | 0.0% | 5.3% | 4.3% | 3.6% | 3.8% | -- | -- | 3.3% |
| Total Returns | 41.5% | 67.9% | 36.4% | 29.0% | 13.9% | -- | -- | 14.0% | Ann. Volatility | 33.2% | 25.3% | 22.2% | 19.8% | 19.0% | -- | -- | 21.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.51 | 55% |
| MSCI EAFE | 1.30 | 64% |
| MSCI Emg Mkts | 1.08 | 95% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.26% |
Technical Indicators
| 30d moving avg. (EMA) | $50.83 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.13/0.40 |
| Bollinger Bands (Upper/Lower) | $54.02/$49.37 |
| Short interest (% of AUM) | 2.8% |
Distributions
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 |
|---|---|---|---|---|
| EMXC | iShares MSCI Emerging Markets ex China ETF | 64.7% | +1 bp | +0.6% |
| STXE | Strive Emerging Markets Ex-China ETF | 62.9% | +8 bp | -0.1% |
| XCEM | Columbia EM Core ex-China ETF | 60.4% | -8 bp | 0.0% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 58.0% | -9 bp | +3.0% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 56.8% | +45 bp | +2.5% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 56.6% | +42 bp | +2.9% |
| EEM | iShares MSCI Emerging Markets ETF | 56.6% | +45 bp | +3.6% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 56.4% | +6 bp | +3.7% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 56.0% | -13 bp | +3.6% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 55.2% | +12 bp | +2.6% |
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.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 7/15/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
5.8%
ALTAR SCORE™
20nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 208 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.3%. KEMX's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places KEMX in the 20nd percentile
among funds in the category.
Sell-Side Consensus
$51.89
PRICE TARGET
+4.1%
UPSIDE