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
51.5 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
| XPENG, INC. CLASS A | 11.5 % |
| LI AUTO, INC. CLASS A | 9.3 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 8.4 % |
| BYD CO LTD-H | 7.7 % |
| CHINA YANGTZE POWER CO LTD-A | 4.2 % |
| NIO INC-CLASS A | 4.2 % |
| CGN POWER CO LTD SHS -H- UNITARY 144A/RE | 3.7 % |
| GDS HOLDINGS LTD. | 3.6 % |
| ZHEJIANG LEAPMOTOR TECHNOLOGY CO., LTD. | 3.2 % |
| KINGSOFT CLOUD HOLDINGS LTD | 3.0 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 487 |
| Wgt avg mkt cap (mns) | $29,435 |
| Large cap (>$10bn) | 54.9% |
| Mid cap ($2-10bn) | 21.6% |
| Small cap (<$2bn) | 6.1% |
| Developed mkts. | 4.7% |
| Emerging mkts. | 84.8% |
Country Exposure
 |
CHINA | 84.8 % |
 |
HONG KONG | 4.7 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.3% | 32.7% | -3.2% | -14.5% | 4.0% | -- | -- | 0.3% |
| Dividend Yield | 0.0% | 0.0% | 0.4% | 0.7% | 0.6% | -- | -- | 1.4% |
| Total Returns | 16.3% | 32.7% | -2.8% | -13.8% | 4.6% | -- | -- | 1.8% | Ann. Volatility | 35.3% | 38.0% | 34.4% | 33.5% | 37.5% | -- | -- | 35.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 11% |
| MSCI EAFE | 1.14 | 26% |
| MSCI Emg Mkts | 1.68 | 60% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.87% |
Technical Indicators
| Recent close | $26.07 |
| 30d moving avg. | $26.15 |
| Annualized volatility | 36.6% |
| Relative strength (RSI) | 51 |
| Short interest | 4.0% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FDRV | Fidelity Electric Vehicles and Future Transportation ETF | 28.1% | -40 bp | 0.0% |
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 21.5% | -7 bp | 0.0% |
| CHIQ | Global X MSCI China Consumer Discretionary ETF | 19.0% | -14 bp | 0.0% |
| ERTH | Invesco MSCI Sustainable Future ETF | 15.8% | -17 bp | 0.0% |
| KBA | KraneShares Bosera MSCI China A 50 Connect Index ETF | 14.0% | -24 bp | 0.0% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 12.3% | -10 bp | 0.0% |
| BATT | Amplify Lithium & Battery Technology ETF | 12.2% | -20 bp | 0.0% |
| IDRV | iShares Self-driving EV & Tech ETF | 11.3% | -32 bp | 0.0% |
| OBOR | KraneShares MSCI One Belt One Road Index ETF | 11.1% | 0 bp | 0.0% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 10.6% | -14 bp | 0.0% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 7/1/2025
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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
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
KGRN
0.0%
Cat. Avg
9.1%
ALTAR Score™ Calculation
Category Overview
There are 8 funds in the Emerging Equity category, with an average ALTAR Score™
of 9.1% and a standard deviation of
1.5%. KGRN's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places KGRN in the 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 |
| (79 bp) Percentile rank | 68 |
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 | 0.0 | 79 |
| Peer Avg. | 62.1 | 44.9 | 107.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .