KEM vs. RAAX ETF Comparison

Comparison of KraneShares Dynamic Emerging Markets Strategy ETF (KEM) to VanEck Vectors Real Asset Allocation ETF (RAAX)

KEM

KraneShares Dynamic Emerging Markets Strategy ETF

KEM Description

KEM's adaptive approach leverages two core components: the KraneShares MSCI Emerging Markets ex-China Index ETF (KEMX) and the KraneShares MSCI All China Index ETF (KALL). The fund's main objective is to mitigate downside risk while trying to outperform the broad emerging markets. On a quarterly basis, it evaluates fundamental, valuation, and technical metrics, such as price-to-book ratio, price-to-equity ratio, price-to-earnings ratio, dividend yield, and moving averages. The result is a dynamically shifting portfolio, with the ability to adjust up to 30% of exposure between China and the rest of the emerging markets. To handle market ups and downs, the fund may hold up to 10% in cash and cash equivalents. The Fund may also enter lending transactions. When using a fund-of-funds wrapper, investors should take note of the total fees.

Grade (RS Rating)

Last Trade

$26.86

Average Daily Volume

731

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RAAX

VanEck Vectors Real Asset Allocation ETF

RAAX Description

The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships ("MLPs"), and physical commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes ("ETNs") (collectively, "ETPs"); and (ii) cash or cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.39

Average Daily Volume

13,700

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KEM	RAAX
30 Days	-5.02%	2.54%
60 Days	2.14%	5.01%
90 Days	2.70%	7.58%
12 Months	6.86%	17.98%

0 Overlapping Holdings

	Symbol	Grade	Weight in KEM	Weight in RAAX	Overlap

KEM Overweight 1 Positions Relative to RAAX

	Symbol	Grade	Weight
	KEMX	D	40.63%

KEM Underweight 9 Positions Relative to RAAX

Symbol	Grade	Weight
PIT	C	-21.1%
EINC	A	-12.37%
REZ	C	-6.89%
PAVE	A	-5.67%
NLR	B	-2.57%
SLX	B	-2.01%
GDX	D	-1.32%
PHO	B	-1.29%
MOO	D	-1.19%

KEM: Top Represented Industries & Keywords

Industries:

Keywords: American Depositary Receipt ETF Emerging Market Exchange Traded Fund Msci Hong Kong Index Stock Market Index

RAAX: Top Represented Industries & Keywords

Industries: