KraneShares China Alpha Index ETF
$33.11−0.36 (−1.08%)
- Expense ratio
- 0.79%
- Fund size
- $3M
- 1Y return
- +23.5%
- Yield · Last 12 months
- 32.26%
- Holdings
- 37
- Volume · 30D
- 0M sh
- NAV per share
- $33.53
- 52W range
The ETF.net KCAI Grade
Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 19Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 35Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 96Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 26Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 68Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 16Category rank
Our read on KCAI
CMost China funds hand you the index. KCAI hands you a machine-learning model that picks roughly 40 A-shares out of the CSI 300 and reshuffles them monthly, aiming to beat that benchmark rather than match it.
The fund tracks the Quant Insight (Qi) China Alpha Index and seeks to outperform the CSI 300 Index using a systematic machine-learning approach.
Why people hold it
- Rules-based, not cap-weighted: the Qi China Alpha Index screens the CSI 300 universe with a machine-learning process, caps any single stock at 5%, and rebalances monthly.kraneshares.com
- Concentrated by design: about 40 names distilled from a 300-stock benchmark, so the model's picks actually move the fund instead of getting diluted.kraneshares.com
- Pure mainland exposure: A-shares listed locally in Shanghai and Shenzhen, a corner of China that broad global indexes carry only lightly.kraneshares.com
- Built with a specialist: sub-adviser Quant Insight designed the index and supplies the signal technology behind the monthly stock selection.kraneshares.com
Worth knowing
- You pay for the model: 0.79% a year, above the roughly 0.70% typical of China funds and well north of plain trackers like FLCH at 0.19%.
- Small and thinly traded next to the giants of the China shelf, which tends to mean wider bid-ask spreads on the way in and out.
- Launched in 2024, so the strategy's track record is short, and outperforming the CSI 300 is the stated aim, not a certainty.
KCAI Holdings
- Stocks
- 37
- 32%
- 600150.SS
Sectors
- Financials42.4%
- Industrials19.8%
- Technology18.5%
- Materials10.0%
- Consumer Discr.9.4%
Geography
- China100.00%
Developed 0% · Emerging 100%
KCAI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | KCAI |
|---|---|
| Year to date | +9.8% |
| 1 month | +1.2% |
| 3 months | +2.4% |
| 1 year | +23.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | KCAI |
|---|---|---|
| 2026 YTD | +9.8% | |
| 2025 | +53.0% | |
| 2024 | +11.1% |
KCAI in the news
ETF.net Research hasn’t filed on KCAI yet — coverage lands here as it’s written.
KCAI Dividends
- 32.26%
- $10.80
- $0.08 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 30, 2025 | Dec 31, 2025 | $0.08 |
| Dec 22, 2025 | Dec 23, 2025 | $10.72 |
| Dec 17, 2024 | Dec 18, 2024 | $0.59 |
KCAI Risk
- 16.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.66
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.43
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
KCAI Cost
- The middle half of China funds
- Median 0.65%
20 of the 28 China funds charge less.