IBAT vs KGRN

IBATBiShares Energy Storage & Materials ETF

KGRNFKraneShares MSCI China Clean Technology Index ETF

In short

IBAT Most EV funds buy carmakers. IBAT drops a layer down the supply chain to the batteries, hydrogen, fuel cells and storage materials underneath, tracking a global STOXX index at a fee that undercuts much of its thematic peer group.

KGRN The clean-energy shelf is mostly global funds. KGRN goes one country deep: an MSCI index of roughly 50 Chinese environmental-technology names, run by a shop that does nothing but China.

Stated mandate

IBAT The fund seeks to track an index of global companies involved in battery technologies, hydrogen, fuel cells, and other energy-storage solutions. It provides targeted exposure to companies supporting the transition to a low-carbon economy.

KGRN The fund seeks to follow the performance of the MSCI China IMI Environment 10/40 Index.

Why people hold it

• IBAT 0.47% a year, cheaper than Global X's DRIV (0.68%) and Amplify's BATT (0.59%).
• Buys the storage layer, not the showroom: battery technology, hydrogen, fuel cells and the materials that feed them.ishares.com
• Global mandate, roughly 80 holdings: miners, chemical firms and equipment makers a US large-cap index never touches.
• Sits in the upper tier of its battery and EV thematic group on our review.

• KGRN Single-country by design: it follows the MSCI China IMI Environment 10/40 Index, while most clean-energy peers spread their bets across global markets.
• Run by KraneShares, a China-focused specialist, and trading since 2017, so it carries a live record through several China market cycles.
• About 50 holdings keeps the theme legible: China clean tech is the whole portfolio, not a sliver buried inside a global basket.

Worth knowing

• IBAT One theme, one supply chain. Battery and materials demand drives the whole basket in the same direction at the same time.
• BlackRock applies business involvement screens, so the portfolio is a filtered slice of the industry rather than the full map.ishares.com
• Launched in 2024, so the record is short and payouts come once or twice a year at most. Not an income holding.

• KGRN At 0.79% a year, it costs more than the clean-energy median of 0.59% and roughly double broad peers ICLN and FRNW at 0.39%.
• Thinly traded next to the category's largest funds, which can show up as wider bid-ask spreads and more cost around the trade itself.
• One country, about 50 stocks: Chinese policy shifts, regulation and currency moves flow straight through with no global diversification to soften them.

Full IBAT profile⁠

Full KGRN profile⁠