KGRN vs QQQ
KraneShares MSCI China Clean Technology Index ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | KGRN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $53M | $496.3B | |
| Dividend Yield | 0.94% | 0.44% | |
| Holdings | 53 | 108 | |
| YTD Return | -14.19% | +16.64% | |
| 1Y Return | -14.04% | +27.27% | |
| 3Y Return (annualized) | -1.82% | +25.96% | |
| 5Y Return (annualized) | -11.18% | +14.54% | |
| Volatility (annualized) | 31.6% | 30.6% | |
| Max Drawdown | -66.2% | -83.0% | |
| Fund Family | KraneShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2017 | Mar 10, 1999 |
KGRN vs QQQ Performance
KraneShares MSCI China Clean Technology Index ETF (KGRN) is a ETF from KraneShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KGRN returned -14.04% while QQQ returned +27.27%. Year to date, KGRN is down 14.19% versus a gain of 16.64% for QQQ.
Over three years, KGRN compounded at -1.82% per year against +25.96% for QQQ; over five years the annualized figures are -11.18% and +14.54% respectively. Across the full 9-year window we track, QQQ has the edge at +13.03% annualized vs +0.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KGRN has been the more volatile fund, with annualized monthly volatility of 31.6% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -66.2% for KGRN and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KGRN charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, KGRN currently yields 0.94% against 0.44% for QQQ.
Holdings Overlap
KGRN and QQQ share 0 holdings out of 106 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KGRN or QQQ?
KGRN has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, KGRN or QQQ?
Over the past year KGRN returned -14.04% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), KGRN annualized +0.86% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, KGRN or QQQ?
KGRN has been the more volatile fund at 31.6% annualized versus 30.6% for QQQ. Worst drawdown: KGRN -66.2% vs QQQ -83.0%.
Should I hold both KGRN and QQQ?
KGRN and QQQ have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KGRN and QQQ?
KGRN and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, KGRN or QQQ?
KGRN yields 0.94% while QQQ yields 0.44%, so KGRN currently pays the higher dividend yield.
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