KraneShares MSCI China Clean Technology Index ETF (KGRN) — Stock Correlations & Overview
Over the past year, KGRN has moved most closely with CGRO, GXC, MCHI. Explore the stocks most correlated and inversely correlated with KGRN below, along with its price, financials, and company profile.
Stocks correlated with KGRN
Correlation of daily returns. Higher positive values move with KGRN; negative values move opposite it. Informational only, not investment advice.
Most correlated with KGRN
| Symbol | Company | Correlation |
|---|---|---|
| CGRO | CoreValues Alpha Greater China Growth ETFBLANK CHECKS | 0.80 |
| GXC | State Street SPDR S&P China ETF | 0.79 |
| MCHI | iShares MSCI China ETF | 0.78 |
| FLCH | Franklin FTSE China ETF | 0.78 |
| JCHI | JPMorgan Active China ETF | 0.77 |
Most inversely correlated with KGRN
| Symbol | Company | Correlation |
|---|---|---|
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.74 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.72 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.71 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.58 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.58 |
Frequently asked questions about KGRN correlations
- Which stocks are most correlated with KGRN?
- Based on one year of daily returns, the stocks most correlated with KraneShares MSCI China Clean Technology Index ETF (KGRN) are CGRO (0.80), GXC (0.79) and MCHI (0.78). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with KGRN?
- Over the past year, the stocks most inversely correlated with KraneShares MSCI China Clean Technology Index ETF (KGRN) are YANG (-0.74), FXP (-0.72) and YXI (-0.71). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these KGRN correlations calculated?
- We compute the correlation of daily returns between KGRN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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