Find Comparable ETFs for KraneShares Electric Vehicles and Future Mobility Index ETF
KraneShares Electric Vehicles and Future Mobility Index ETF
KARS - PCXGlobal X Autonomous & Electric Vehicles ETF
DRIV - NGMAn ETF dedicated to the autonomous and electric vehicle market, KARS offers similar exposure to technologies and companies featured in DRIV.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 63%
R-squared: 39%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 4
- DRIV in KARS's comparables: Yes
- KARS in DRIV's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 14.78 vs 0.04
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- DRIV Beta: 1.36 (High)
- KARS Beta: 1.27 (High)
- DRIV 200-day Volatility: 21.66%
- KARS 200-day Volatility: 23.83%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- DRIV Price vs 200-day MA: 97%
- KARS Price vs 200-day MA: 104%
Performance Comparison:
| Period | DRIV | KARS |
|---|---|---|
| Year_1 | -18% | -43% |
| Year_3 | -8% | -25% |
| Year_5 | 11% | 0% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- DRIV Dividend Yield: 1%
- KARS Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
First Trust S-Network Future Vehicles & Technology ETF
CARZ - NGMKARS targets companies involved in the automotive industry, particularly in electric and autonomous vehicles, making it a direct competitor to CARZ.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 54%
R-squared: 29%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 5
- CARZ in KARS's comparables: Yes
- KARS in CARZ's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 15.49 vs 0.04
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- CARZ Beta: 1.27 (High)
- KARS Beta: 1.27 (High)
- CARZ 200-day Volatility: 24.73%
- KARS 200-day Volatility: 23.83%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- CARZ Price vs 200-day MA: 99%
- KARS Price vs 200-day MA: 104%
Performance Comparison:
| Period | CARZ | KARS |
|---|---|---|
| Year_1 | -6% | -43% |
| Year_3 | -3% | -25% |
| Year_5 | 13% | 0% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Consumer Discretionary Equities vs Large Cap Blend Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- CARZ Dividend Yield: 1%
- KARS Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
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