KEMX
KraneShares MSCI Emerging Markets EX China Index ETF
KEMX is benchmarked to the MSCI Emerging Markets ex China Index, which tracks large-cap and mid-cap companies within emerging market countries, excluding China.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 115.3 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Inception date | Apr 12, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 15.6 % |
| SAMSUNG ELECTRONICS CO LTD | 6.2 % |
| SK HYNIX INC | 3.8 % |
| MEDIATEK INC | 2.6 % |
| SK SQUARE CO., LTD. | 2.0 % |
| NAN YA PLASTICS CORP | 1.9 % |
| SAMSUNG ELECTRO-MECHANICS CO | 1.1 % |
| HON HAI PRECISION INDUSTRY | 1.0 % |
| ICICI BANK LTD | 1.0 % |
| RELIANCE INDS-SPONS GDR 144A | 1.0 % |
Constituent Breakdown
| Number of holdings | 291 |
| Herfindahl-Hirschman Index | 357 |
| Wgt avg mkt cap (mns) | $457,108 |
| Large cap (>$10bn) | 88.8% |
| Mid cap ($2-10bn) | 5.1% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 1.6% |
| Emerging mkts. | 95.4% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 34.7 % |
 |
SOUTH KOREA | 25.2 % |
 |
INDIA | 13.4 % |
 |
BRAZIL | 5.0 % |
 |
SOUTH AFRICA | 2.9 % |
 |
MEXICO | 2.8 % |
 |
POLAND | 2.0 % |
 |
MALAYSIA | 1.6 % |
 |
UAE | 1.3 % |
 |
THAILAND | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 38.1% | 48.0% | 28.1% | 25.9% | 10.1% | -- | -- | 9.9% |
| Dividend Yield | 0.0% | 4.8% | 4.1% | 3.6% | 3.8% | -- | -- | 3.2% |
| Total Returns | 38.1% | 52.8% | 32.2% | 29.5% | 13.9% | -- | -- | 13.1% | Ann. Volatility | 31.2% | 28.1% | 23.1% | 20.8% | 19.6% | -- | -- | 21.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.64 | 57% |
| MSCI EAFE | 1.43 | 65% |
| MSCI Emg Mkts | 1.09 | 96% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.27% |
Technical Indicators
| 30d moving avg. (EMA) | $49.30 |
| Relative strength (RSI) | 41 |
| MACD/Signal | -0.98/-0.83 |
| Bollinger Bands (Upper/Lower) | $51.79/$46.12 |
| Short interest (% of AUM) | 0.5% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KEMX |
Expenses vs. KEMX |
ALTAR Score™ vs. KEMX |
|---|---|---|---|---|
| EMXC | iShares MSCI Emerging Markets ex China ETF | 65.6% | -34 bp | +0.3% |
| STXE | Strive Emerging Markets Ex-China ETF | 64.1% | -27 bp | +0.4% |
| XCEM | Columbia EM Core ex-China ETF | 61.3% | -43 bp | -0.1% |
| EEM | iShares MSCI Emerging Markets ETF | 58.5% | +13 bp | +1.9% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 58.2% | +92 bp | +1.2% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 58.2% | -29 bp | +2.3% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 57.6% | +7 bp | +2.2% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 57.4% | -44 bp | +2.6% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 56.2% | -48 bp | +2.6% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 55.1% | -24 bp | +2.5% |
Risk and Returns: KEMX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.5%
ALTAR SCORE™
37th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. KEMX's ALTAR Score™ is approximately -0.3 standard
deviations above the category average. This places KEMX in the 37th percentile
among funds in the category.
Sell-Side Consensus
$61.77
PRICE TARGET
+40.8%
UPSIDE