See what your fund actually adds
KraneShares MSCI Emerging Markets ex China Index ETF KEMX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | KEMX | Replication |
|---|---|---|
| Annualized growth | 13.7% | 10.1% |
| Annualized volatility | 16.4% | 13.3% |
| Sharpe ratio | 0.87 | 0.79 |
| Maximum drawdown | 28.3% | 23.1% |
| Replication fit (R²) | 0.79 · Tracking error 7.5% | |
Replication portfolio
The published portfolio below is the investable basket used to model KEMX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| DGS | EM Small Cap | 71.9% |
| VEA | Intl · Developed | 13.8% |
| XLK | Sector · Technology | 8.7% |
| VWO | Emerging Markets | 3.6% |
| SLV | Alternatives · Silver | 2.0% |