KCAIvsCNXTETF Comparison
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KraneShares China Alpha Index ETF (KCAI) and VanEck ChiNext Innovators ETF (CNXT) belong to the same industry segment: China Blended Cap. KCAI's top 3 sector exposures are Finance, Industrials and Technology. In contrast, CNXT's top sector exposures are Technology, Industrials and Non-Energy Materials. KCAI is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 1.27% for CNXT. KCAI is up 5.95% year-to-date (YTD) with -$5M in YTD flows. CNXT performs worse with -9.81% YTD performance, and +$40M in YTD flows. Run a side-by-side ETF comparison of KCAI and CNXT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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KCAI vs CNXT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KCAI CNXT | -4.33%-19.94% | -0.22%-18.80% | +5.95%-9.81% | +16.22%-2.00% | n/a+66.57% | n/a-23.02% |
| Flows | KCAI CNXT | +$1K-$13M | +$1K-$15M | -$5M+$40M | -$7M+$40M | -+$62M | -+$56M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KCAI CNXT | +9.37%+36.73% | +13.01%+33.42% | n/a+33.82% | n/a+31.03% |
| Max drawdown | KCAI CNXT | -4.33%-26.17% | -5.27%-36.91% | n/a-36.91% | n/a-63.51% |
| Max drawdown duration | KCAI CNXT | 28d64d | 76d112d | n/a112d | n/a1606d |
Trading data
KCAI | CNXT | |
Last sale 10/20/2026 at 3:22 PM | $32.11 | $39.42 |
| Previous close 10/20/2026 | $32.12 | $39.29 |
| Consolidated volume 10/20/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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KCAI | CNXT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/20/2026 at 3:22 PM
Live
Closed
KCAI | CNXT | |
|---|---|---|
| Last price | $32.11 | $39.42 |
| 1D performance | -0.02% | +0.32% |
| AuM | $3.23 M | $73.53 M |
| E/R | 0.79% | 1.27% |
Characteristics
KCAI | CNXT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | VanEck |
| Benchmark | Qi China Alpha Index | ChiNext Index |
| N° of holdings | 39 | 97 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 28, 2024 | July 23, 2014 |
| ESG | No | No |
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Exposure
Countries
KCAI
China
99.74%
Other
0.26%
CNXT
China
99.73%
Other
0.27%
Sectors
KCAI
Finance
42.29%
Industrials
19.75%
Technology
18.4%
Non-Energy Materi.
9.97%
Consumer Cyclical.
9.33%
Other
0.26%
CNXT
Technology
54.98%
Industrials
25.13%
Non-Energy Materi.
9.48%
Other
10.42%
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Diversification
KCAI
Total weight of top 15 holdings out of 15
47.59%
CNXT
Total weight of top 15 holdings out of 15
62.34%
Top 15 holdings
Data as of August 31, 2026
KCAI
Suzhou TFC Optical Communication Co., Ltd.
3.74%
WUS Printed Circuit (Kunshan) Co., Ltd.
3.39%
Satellite Chemical Co., Ltd.
3.33%
Bank of China Ltd.
3.29%
COSCO SHIPPING Holdings Co. Ltd.
3.21%
China Construction Bank Corp.
3.20%
NAURA Technology Group Co., Ltd.
3.11%
Chongqing Rural Commercial Bank Co., Ltd.
3.10%
Industrial & Commercial Bank of China Ltd.
3.10%
Agricultural Bank of China Ltd.
3.09%
Bank of Jiangsu Co., Ltd.
3.06%
Bank of Beijing Co., Ltd.
3.03%
Zhejiang Juhua Co., Ltd.
3.01%
Bank of Nanjing Co., Ltd.
2.97%
CRRC Corp. Ltd.
2.96%
CNXT
Contemporary Amperex Technology Co., Ltd.
15.95%
Zhongji Innolight Co., Ltd.
12.45%
Eoptolink Technology Inc., Ltd.
8.44%
East Money Information Co., Ltd.
4.18%
Suzhou TFC Optical Communication Co., Ltd.
2.76%
Victory Giant Technology (HuiZhou) Co., Ltd.
2.49%
Chaozhou Three-Circle (Group) Co., Ltd.
2.41%
Sungrow Power Supply Co., Ltd.
2.27%
Hangzhou Chang Chuan Technology Co., Ltd.
2.12%
Shenzhen Inovance Technology Co., Ltd.
2.09%
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
1.69%
Shenzhen Longsys Electronics Co., Ltd.
1.49%
Sharetronic Data Technology Co. Ltd.
1.41%
Wen's Foodstuff Group Co., Ltd.
1.33%
Lens Technology Co., Ltd.
1.27%
Frequently asked questions about KCAI and CNXT
How have the KCAI and CNXT ETFs performed in 2026?
As of October 19, 2026, KCAI is up 5.95% year-to-date (YTD), while CNXT has lost -9.81%. That puts KCAI better performer ahead so far this year.
Which ETF is attracting more investor money: KCAI or CNXT?
Year-to-date, the KCAI ETF saw -$5M in flows, compared to +$40M for CNXT.
Which ETF is more volatile: KCAI or CNXT?
Over the past year, KCAI had a volatility of 13.01%, while CNXT experienced 33.42%.
Which ETF is bigger: KCAI or CNXT?
As of October 19, 2026, KCAI holds $3.23 M in assets under management (AUM), while CNXT manages $73.53 M.
What sectors do the KCAI and CNXT ETFs invest in?
KCAI leans toward sectors like Finance, Industrials and Technology. Meanwhile, CNXT focuses on Technology, Industrials and Non-Energy Materials.
What are the top holdings of the KCAI ETF and CNXT ETF?
KCAI top holdings include Suzhou TFC Optical Communication Co., Ltd., WUS Printed Circuit (Kunshan) Co., Ltd. and Satellite Chemical Co., Ltd.. CNXT holds in its top three: Contemporary Amperex Technology Co., Ltd., Zhongji Innolight Co., Ltd. and Eoptolink Technology Inc., Ltd..
Which ETF is more diversified: KCAI or CNXT?
KCAI holds 39 securities with 47.59% of its assets in the top 15. CNXT has 97 securities and a top 15 weight of 62.34%.
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