KGRN vs SPY
Comparison between KRANESHARES MSCI CHINA CLEAN TECHNOLOGY INDEX ETF (KGRN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed KGRN, delivering a return of +13.3% compared to -8.6%
KGRN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
KGRN
$62M
Winner
SPY
$735B
Expense Ratio
KGRN
0.79%
Winner
SPY
0.09%
Max Drawdown
KGRN
67.29%
Winner
SPY
56.47%
Sharpe Ratio
KGRN
-0.03
Winner
SPY
1.62
5Y Beta
Winner
KGRN
0.61
SPY
1.00
P/E Ratio
KGRN
N/A
SPY
28.99
Forward P/E
KGRN
N/A
SPY
22.37
5Y Dividends CAGR
KGRN
-26.68%
Winner
SPY
5.43%
5Y EPS CAGR
KGRN
N/A
SPY
26.05%
Debt to Equity
KGRN
N/A
SPY
32.40%
P/S Ratio
KGRN
N/A
SPY
3.74
P/B Ratio
KGRN
N/A
SPY
5.61
KGRN vs SPY - Holdings Comparison
KGRN and SPY have 1 common holdings. Overlap is 0.00%
KGRN's top 25 holdings weight is 85.84%. SPY's top 25 holdings weight is 52.37%.
| Rank | KGRN | SPY |
|---|---|---|
| #1 | LI AUTO INC ORDINARY SHARES CLASS A (n/a) - 8.97% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | BYD CO LTD CLASS H (n/a) - 8.28% | APPLE INC (AAPL) - 7.02% |
| #3 | XPENG INC CLASS A (n/a) - 7.76% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD CLASS A (n/a) - 7.34% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | NIO INC CLASS A (n/a) - 4.98% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | CHINA YANGTZE POWER CO LTD CLASS A (n/a) - 4.57% | BROADCOM INC (AVGO) - 3.10% |
| #7 | CGN POWER CO LTD SHS -H- UNITARY 144A/REG S (n/a) - 4.57% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | GDS HOLDINGS LTD CLASS A (n/a) - 4.17% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD ORDINARY SHARES CLASS H (n/a) - 3.67% | TESLA INC (TSLA) - 1.89% |
| #10 | ZHEJIANG LEAPMOTOR TECHNOLOGY CO LTD CLASS H (n/a) - 3.19% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | KINGSOFT CLOUD HOLDINGS LTD (n/a) - 2.85% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | CHINA EVERBRIGHT ENVIRONMENT GROUP LTD (n/a) - 2.67% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | SUNGROW POWER SUPPLY CO LTD CLASS A (n/a) - 2.66% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | CHINA CONCH VENTURE HOLDINGS LTD (n/a) - 2.19% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | CHINA LONGYUAN POWER GROUP CORP LTD CLASS H (n/a) - 2.14% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | BEIJING-SHANGHAI HIGH SPEED RAILWAY CO LTD CLASS A (n/a) - 2.03% | INTEL CORP (INTC) - 0.90% |
| #17 | YADEA GROUP HOLDINGS LTD SHS UNITARY 144A/REGS (n/a) - 1.90% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | NARI TECHNOLOGY CO LTD CLASS A (n/a) - 1.78% | VISA INC CLASS A (V) - 0.85% |
| #19 | XINYI SOLAR HOLDINGS LTD (n/a) - 1.78% | WALMART INC (WMT) - 0.81% |
| #20 | CHINA NATIONAL NUCLEAR POWER CO LTD CLASS A (n/a) - 1.58% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | CHINA POWER INTERNATIONAL DEVELOPMENT LTD (n/a) - 1.55% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | BEIJING ENTERPRISES WATER GROUP LTD (n/a) - 1.41% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | VNET GROUP INC ADR (VNET) - 1.31% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | SERES GROUP CO LTD CLASS A (n/a) - 1.26% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | NINGBO DEYE TECHNOLOGY CORP CLASS A (n/a) - 1.23% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 53 | 505 |
KGRN vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
KGRN
-10.07%
Winner
SPY
+1.90%
3M
KGRN
-3.38%
Winner
SPY
+8.55%
6M
KGRN
-7.54%
Winner
SPY
+8.18%
1Y
KGRN
+0.03%
Winner
SPY
+25.79%
5Y(CAGR)
KGRN
-8.62%
Winner
SPY
+13.32%
10Y(CAGR)
KGRN
+1.78%
Winner
SPY
+15.19%
Max(CAGR)
KGRN
+1.78%
Winner
SPY
+8.47%
KGRN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | KGRN | SPY |
|---|---|---|
| 2026 | -7.29% | +8.26% |
| 2025 | +23.57% | +18.00% |
| 2024 | +3.69% | +25.59% |
| 2023 | -16.61% | +26.72% |
| 2022 | -40.60% | -18.64% |
| 2021 | +0.71% | +30.52% |
| 2020 | +132.80% | +17.28% |
| 2019 | +12.90% | +31.09% |
| 2018 | -29.35% | -5.24% |
| 2017 | -0.37% | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
KGRN vs SPY Drawdown Comparison
The maximum drawdown for KGRN was -66.22%, occurring on Feb 5, 2024. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current KGRN drawdown is -49.81%. The current SPY drawdown is -2.90%.
| Rank | KGRN | SPY |
|---|---|---|
| #1 | -66.22% Feb 16, 2021 - Feb 5, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -41.15% Jan 22, 2018 - Jul 6, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -9.50% Oct 26, 2017 - Jan 3, 2018 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -8.95% Jan 25, 2021 - Feb 9, 2021 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -8.88% Jul 10, 2020 - Aug 5, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -7.23% Nov 24, 2020 - Dec 18, 2020 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -6.38% Aug 28, 2020 - Sep 15, 2020 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -6.28% Jan 12, 2021 - Jan 20, 2021 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -5.53% Oct 20, 2020 - Nov 2, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -5.16% Sep 18, 2020 - Sep 30, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.22% Aug 5, 2020 - Aug 25, 2020 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.90% Nov 9, 2020 - Nov 20, 2020 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.07% Jan 7, 2021 - Jan 12, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.99% Oct 15, 2020 - Oct 20, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.92% Oct 18, 2017 - Oct 23, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between KGRN and SPY is 0.24 which considered as a very weak or no correlation - the stocks move independently of each other.
0.24
-101
Dividend Comparison (1999 - 2026)
KGRN vs SPY dividend yield comparison.
| Year | KGRN | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.85% | 1.07% |
| 2024 | 1.49% | 1.21% |
| 2023 | 0.74% | 1.40% |
| 2022 | 1.98% | 1.65% |
| 2021 | 0.41% | 1.20% |
| 2020 | 0.01% | 1.52% |
| 2019 | 5.88% | 1.75% |
| 2018 | 2.04% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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