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ETFs

KraneShares Electric Vehicles and Future Mobility Index ETF

KARS
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 18 2018
Expense Ratio
0.72%
Type
Global Ex. US Equities
Fund Owner
Krane Shares
Volume (1m avg. daily)
$821,883
AUM
$164,020,055
Associated Index
Bloomberg Electric Vehicles Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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XPeng Inc - Ordinary Shares - Class A
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Invest with KARS

What is KARS?

KARS seeks to measure the performance of the Bloomberg Electric Vehicles Index. The Index is designed to track the performance of companies engaged in the production of electric vehicles and/or their components, or engaged in other initiatives that may change the future of mobility. The Index includes issuers engaged in the electric vehicle production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing and/or electric infrastructure businesses.

ETFs related toKARS

ETFs correlated to KARS include LIT, IDRV, DRIV

KARS
KraneShares Trust - KraneShares Electric Vehicles and Future Mobility Index ETF
LIT
Global X Funds - Global X Lithium & Battery Tech ETF
IDRV
iShares Trust - iShares Self-Driving EV and Tech ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
XSOE
WisdomTree Trust - WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

KARS is a Global Ex. US Equities ETF. KARS seeks to measure the performance of the Bloomberg Electric Vehicles Index. The Index is designed to track the performance of companies engaged in the production of electric vehicles and/or their components, or engaged in other initiatives that may change the future of mobility. The Index includes issuers engaged in the electric vehicle production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing and/or electric infrastructure businesses.

KARS tracks the Bloomberg Electric Vehicles Index.

No, KARS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, KARS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KARS is -0.0586%. This is the percent change in the value of KARS over the most recent 1-month period. The 3-month return on KARS is -0.0899%. This is the percent change in the value of KARS over the most recent 3-month period.

The standard deviation of KARS for the past year is 0.2912%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KARS include PBW, IGF, and ARKK.

ETFs correlated to KARS include LIT, IDRV, and DRIV.

ETFs that are inversely correlated to KARS include EDZ, HIBS, and TZA.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.