KraneShares MSCI China Clean Technology ETF (KGRN) Performance
KGRN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −23.3% since Dec 31, 2025
- 1 year
- −30.1% total return
- 5 years
- −14.5% a year
- Since first price
- −0.8% a year since 2017
KGRN trailing returns vs SPY, QQQ, AGG
| Period | KGRN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.1% | −4.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −12.5% | −12.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −28.5% | −28.5% | +7.8% | +8.4% | −1.5% |
| YTD | −23.3% | −23.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −30.1% | −30.7% | +14.4% | +15.9% | −1.1% |
| 3 years | −8.0%−2.7%/yr | −10.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −54.3%−14.5%/yr | −56.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 13, 2017 | −7.1%−0.8%/yr | −18.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KGRN vs SPY
From Oct 13, 2017: KGRN grew to $9,285, SPY to $34,213.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KGRN returns by calendar year
4 of 8 full years positive. Best 2020 (+138.5%), worst 2022 (−40.7%). 2026 is year to date.
KGRN annual returns table
| Year | KGRN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −23.3% | −30.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.5% | −23.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −1.1% | −22.7% | +24.9% | +25.6% | +1.3% |
| 2023 | −14.8% | −34.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −40.7% | −48.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +5.9% | −33.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +138.5% | −27.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +12.1% | −20.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −29.3% | −37.6% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KGRN largest drawdowns
Now 60.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 16, 2021 | −66.4% | Feb 5, 2024 | not yet | 3.0 years | 5.7 years so far |
| Jan 22, 2018 | −41.1% | Mar 23, 2020 | Jul 6, 2020 | 2.2 years | 2.5 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KGRN risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | −3.9% | −12.5% | −0.5% |
| Volatility (annualized) | 27.5% | 32.8% | 31.7% |
| Sharpe ratio | -0.17 | -0.35 | 0.06 |
| Sortino ratio | -0.26 | -0.50 | 0.09 |
| Best month | +24.5% | +24.5% | +24.5% |
| Worst month | −20.7% | −20.7% | −20.7% |
| Best 12 months | +49.4% | +49.4% | +170.9% |
| Worst 12 months | −32.1% | −50.1% | −50.1% |
| Positive months | 50% | 47% | 50% |
| Beta vs S&P 500 | 0.17 | 0.47 | — |
| Correlation with S&P 500 | 0.08 | 0.23 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KGRN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 97 | −50.1% | −8.4% | +170.9% | 41% |
| 3-year (a year) | 73 | −27.0% | +3.8% | +43.9% | 58% |
| 5-year (a year) | 49 | −14.9% | +3.7% | +10.0% | 73% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
KGRN performance overview
KraneShares MSCI China Clean Technology ETF (KGRN) returned −30.1% over the past year and −14.5% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned −0.8% a year, turning $10,000 into about $9,285. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −66.4%, from Feb 16, 2021 to Feb 5, 2024; the fund has not yet regained that high. KGRN finished 4 of its 8 full calendar years with a gain; the best year was 2020 (+138.5%) and the worst 2022 (−40.7%). Volatility has been 31.7% a year.
Related: KGRN chart, KGRN holdings, KGRN dividends. See the KGRN overview for the latest quote and fund facts.
KGRN performance FAQ
What is the KGRN return over the past year?
KGRN returned −30.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 30.7%.
What is the average annual return of KGRN?
KGRN has returned −14.5% a year over 5 years, −0.8% a year since October 13, 2017 (total return, distributions reinvested).
How much would $10,000 invested in KGRN be worth?
$10,000 invested in KGRN at its first recorded close on October 13, 2017 would be worth about $9,285 on October 23, 2026 with distributions reinvested.
What was the worst year for KGRN?
The worst calendar year was 2022, with a total return of −40.7%. The best was 2020 at +138.5%.
What is the biggest drawdown of KGRN?
The largest peak-to-trough decline was −66.4% between February 16, 2021 and February 5, 2024. It has not yet recovered to that high; it is 60.0% below its peak.
How volatile is KGRN?
Over the past 3 years KGRN had an annualized volatility of 27.5% and a Sharpe ratio of -0.17 (excess return over 1–3 month T-bills per unit of risk).