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Launched · SEC filings

KraneShares MSCI Emerging Markets ex China Index ETF

KEMXNYSE ArcaKraneSharesB

$47.07+0.06 (+0.13%)

As of Nov 2, 2026, 3:57 PM ET

B68/ 100

Rank 5 of 22 in Emerging Markets Stocks

B68/100Rank 5 of 22inEmerging Markets Stocks
Intraday session: up, 79 prints from 47.01 to 47.07. Range 47.07 to 47.89. Use the arrow keys to read each point.47.2047.4047.6047.8010 AM12 PM2 PM4 PM
Expense ratio
0.24%*
Fund size
$124M
1Y total return
+30.9%
Yield · Last 12 months
2.60%
Holdings
278
Avg volume · 30D
8.67K sh
52W range
low $35.28high $54.91
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 1, 2028. Without it: 0.59%.

The ETF.net KEMX Grade

B

Score 68 out of 100

Category
Emerging Markets Stocks⁠
Rank
5 of 22
Six-pillar profile for KEMX. Scores out of 100: Cost 81, Risk 55, Mission 100, Tradability 15, Holdings 62, Durability 54. Strongest: Mission (100). Weakest: Tradability (15). Leans toward Mission.

Score 68 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A81 out of 100
    Rank 5 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 17

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 7 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F15 out of 100
    Rank 21 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B62 out of 100
    Rank 8 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C54 out of 100
    Rank 13 of 22

Our read on KEMX

ETF.net Research

In short

BKraneShares made its name on China funds. This is the one that leaves China out: roughly 300 large and mid cap stocks from the rest of the emerging world, at 0.24% net of a waiver through August 1, 2028.

Stated mandate

The Fund seeks to track the price and yield performance of the MSCI Emerging Markets ex China Index. It normally invests at least 80% of assets in securities or instruments corresponding to that index.

Why people hold it

  • 0.24% a year, net of a waiver running through August 1, 2028, which lands below the category median. The gross fee underneath is 0.59%.
  • Plain index replication: at least 80% of assets in MSCI Emerging Markets ex China Index securities, and it has tracked that benchmark tightly.
  • The index reaches about 85% of free-float market cap in each country it covers, so dropping China still leaves broad reach across Taiwan, Korea, India and the rest.msci.commsci.com 2
  • Listed since 2019 and sitting in the upper half of its emerging markets peer group in our review.sec.gov

Worth knowing

  • Thinly traded next to the category's giants, so bid-ask spreads can be wider and big orders can move the price.
  • The 0.24% is a waived rate; if it lapses after August 1, 2028, the gross fee is 0.59%. Cheaper unwaived options sit in the group, including VEXC at 0.07% and XCEM at 0.16%.
  • Zero China exposure, by design. That makes it a different animal from a standard emerging markets fund, not a tweak at the margin.

KEMX Performance

Launched Apr 11, 2019

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
KEMX$13,091
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. KEMX $13,091. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for KEMX. Periods over one year show the average yearly return.
PeriodKEMX
Year to date+26.0%
1 month−8.7%
3 months−2.4%
1 year+30.9%
3 yearsper year+26.6%
5 yearsper year+11.7%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for KEMX
YearReturn barKEMX
2026 YTD+26.0%
2025+38.3%
2024+0.4%
2023+20.6%
2022−19.3%
2021+10.6%
2020+12.8%

KEMX in the news

KEMX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.60%Last 12 months
Payout per share
$1.22Last 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2019–2026

One bar per payment. 8 payments from 2019 to 2026 YTD. Dec 27, 2019 $0.74; Dec 29, 2020 $0.50; Dec 29, 2021 $1.49; Dec 28, 2022 $0.99; Dec 18, 2023 $0.57; Dec 17, 2024 $0.94; Dec 22, 2025 $1.17; Dec 30, 2025 $0.04. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.04
Dec 22, 2025Dec 23, 2025$1.17
Dec 17, 2024Dec 18, 2024$0.94
Dec 18, 2023Dec 20, 2023$0.57
Dec 28, 2022Dec 30, 2022$0.99
Dec 29, 2021Dec 31, 2021$1.49
Dec 29, 2020Dec 31, 2020$0.50
Dec 27, 2019Dec 31, 2019$0.74

$10,000 in KEMX 5 years ago paid $1,613 in dividends.

KEMX Risk

Risk pillarB55 out of 100Rank 7 of 22 in Emerging Markets Stocks
How much the fund’s monthly returns vary, scaled to a year.
20.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.06
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−30.8%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.33
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

KEMX Cost

Compare KEMX and VEXC

Overpaying vs VEXC, cheapest in Emerging Markets Stocks

$3,479

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KEMX 0.24%

    $4,959

  • VEXC 0.07% Cheapest

    $1,480

$10,000
30 years

Cost over time

  • KEMX 0.24%
  • VEXC 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530KEMX $4,959VEXC $1,480

Year by year

YearKEMXVEXCOverpaying
10$437$128$309
20$1,699$503$1,196
30$4,959$1,480$3,479
How the 0.24% is worked out

Full fee 0.59%− waiver 0.35%= you pay 0.24%

The waiver ends Aug 1, 2028. After that the fee is 0.59% unless KraneShares renews it. Source: prospectus, Jul 2026.

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