KCSH
KraneShares Sustainable Ultra Short Duration Index ETF
7월 28일 1:21 PM ET (한국 7/29 02:21)
$25.12
+0.01 ▲ +0.04%
🌙 7월 28일 4:15 PM ET (한국 7/29 05:15)
$25.12
+0.00 +0.00%
KCSH ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.
Total Expense Ratio
0.2%
Annual operating cost
Net Assets (AUM)
$171M
약 2339억원
Holdings
76 items
Dividend Yield
3.93%
Management Style
Passive
| Category | Bonds - Corporate | Asset Type | Bonds | Return% 1Y | 3.98% | Total Holdings | 76 | Perf Week | 0.08% |
| ETF Type | US Bonds | Active/Passive | Passive | Return% 3Y | - | AUM | $171M | Perf Month | -0.02% |
| Expense | 0.2% | NAV | $25.11 | Return% 5Y | - | 52W High | -0.57% | Perf Quarter | 0.02% |
| Dividend TTM | $0.99 (3.93%) | Div Gr. 3/5Y | - | Return% 10Y | - | 52W Low | 0.45% | Perf Half Y | -0.04% |
| Flows% 1M | - | Flows% YTD | -11.1% | Return% SI | 4.23% | Volatility(W/M) | 0.03% 0.01% | Perf YTD | 0.26% |
| SMA20 | 0.15% | SMA50 | 0.14% | SMA200 | 0.11% | RSI (14) | 63.6 | Beta | 0.01 |
| IPO | 2024/7/26 | Prev Close | $25.11 | Perf Year | -0.11% | Avg Volume | 0.01M | Price | $25.12 |
KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) Investment Analysis
ETF Overview
KraneShares Sustainable Ultra Short Duration Index ETF · Bonds - Corporate
레버리지형 — 지수의 2~3배 방향으로 추종 (단기 투자용 · 고위험)
2024년 상장, 2년 운영 중.
KraneShares Sustainable Ultra Short Duration Index ETF는 수수료 및 비용 차감 전 기준으로 Solactive ISS Paris Aligned Select 0-1 Year USD Corporate IG Index의 가격 및 수익률 성과를 추종하고자 합니다. 정상적인 상황에서 자산의 최소 80%를 해당 지수 종목이나 유사한 경제적 특성을 지닌 상품에 투자하는 비분산형(Non-diversified) 펀드입니다.
📘 KCSH ETF 자세히 알아보기 →U.S.fixed-incomebondscorporate-bonds
- 규모
- $171M 약 2339억원
- 운용사
- KraneShares
- 운용 방식
- 패시브 (지수 추종)
- 상장일
- 2024년
Cost Efficiency
Annual Expense Ratio · Category Rank · Long-Term Cost Impact
Average expense ratio — 0.2% annually
Mid-range within the Bonds - Corporate category.
Effective Annual Expense Ratio (Net Expense Ratio)
평균권0.2%
My positionMid-range
Low range Average High range
Actual Cost Simulation by Investment Amount
$100.0M
Annual Expense Ratio
$200K
Save $50K per year vs. category average
Category Median Annual Cost
$250K
Based on expense ratio of 0.25%
10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)
$3.6M
3.8% of returns you could have earned goes to the fund manager due to fees
Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.
Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.
Cheaper alternatives in the same category
VCIT
Vanguard Intermediate-Term Corporate Bond ETF
0.03%
-0.17%p annually
VCSH
Vanguard Short-Term Corporate Bond ETF
0.03%
-0.17%p annually
SCHI
Schwab 5-10 Year Corporate Bond ETF
0.03%
-0.17%p annually
* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.
Long-Term Performance
1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense
Insufficient return data
-13.8%p vs. benchmark (SPY) over 1Y.
ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.
⚡ Leveraged ETF — beware of compounding decay over long holding periods
These ETFs aim to deliver 2–3× the daily return of the underlying index, but during sideways or volatile markets, compounding effects can cause long-term cumulative returns to diverge significantly from 2–3× the index. They are suited for short-term trading and are not appropriate as core holdings for long-term portfolios.
If you had invested 1 year(s) ago
$100.0M
Today's value
$104.0M
→
Total gain
+$4.0M
Annualized +4.0%
ℹ️ How to read the return breakdown bar
Each period bar shows the share of this ETF's returns by source.
Price gains Price decline Dividends received
Mostly blue (80%+): Growth-style — price gains drive most returns
Mostly orange (70%+): Income-style — dividends drive most returns (watch out for after-tax drag)
Red + orange: Stagnant or declining price — dividends offset losses (common in covered-call and high-dividend funds)
Mostly orange (70%+): Income-style — dividends drive most returns (watch out for after-tax drag)
Red + orange: Stagnant or declining price — dividends offset losses (common in covered-call and high-dividend funds)
1 Year
2025.07 ~ 2026.07
Annualized +3.98%
평균권Price -0.11% + Dividend +4.09% = Total +3.98%/yr
Trailed the benchmark by 13.8%p annually
My positionMid-range
Low range Average High range
3 Years
2023.07 ~ 2026.07
Listed 2024/7 — under 3 years
5 Years
2021.07 ~ 2026.07
Listed 2024/7 — under 5 years
10Y
2016.07 ~ 2026.07
Listed 2024/7 — under 10 years
2Y Cumulative Total Return Curve
2024-07-26 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.
KCSH · Price Only KCSH · Price + Cumulative Dividends KCSH · Dividend Reinvested S&P 500 (SPY)
50
100
150
ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.
Annual Return Comparison
ETF returns vs S&P 500 (SPY) by calendar year
KCSH S&P 500 (SPY)
+40%
0%
−40%
2024
2025
2026 YTD
💡 Leveraged ETFs have an asymmetric structure: big wins in up markets, big losses in down markets.
ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.
Win rate vs S&P 500 (SPY)
—
Completed years: 2 — 3+ years of data are needed for a win rate to be shown.
2024 ✗
2025 ✗
2026 ✗ YTD
💡 Leveraged wins in up markets, loses big in down markets — annual return dispersion matters more than win rate.
ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.
Downside Capture
-2%
Falls less than the benchmark in drawdowns — strong downside protection
<85% (Defend) 85~110% (Track) >110% (Lag)
💡 Leveraged ETFs are designed to fall 2–3x the benchmark — values above 200% are normal. Short-term risk must be considered.
ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).
Risk Profile
Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History
Overall Risk Grade
High Risk
These 2-3x leveraged products are structurally very volatile. Holding them long-term can erode your principal in ways that don't match expectations, so they're better suited for short-term trading.
⚡ Leveraged ETF — High Beta & Volatility Are by Design
A Beta of 2 or higher and volatility 2–3× the underlying index is by design. The "high volatility" reading below is a feature of the product, not a problem. However, long-term holding can lead to compounding decay and results that differ from expectations.
Beta (market sensitivity)
상위 5%0.01
If the market rises +10% +0.1%
If the market falls -10% -0.1%
My positionTop 5%
Low range Average High range
ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.
Average daily range (last 1 month)
상위 5%±0.01%
S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more
Annual volatility trend (past 10 years)
ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.
Max Drawdown · Past 10 years
-0.6%
2024-07-26 Worst -5% 2026-07-01
ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.
Sharpe Ratio (Risk-Adjusted Return)
0.70
Average — Moderate risk-adjusted returns
ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.
Estimated Monthly Maximum Loss (VaR 95%)
-0.0%
Historically, monthly losses exceeding this figure occurred only5%of the time.
ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.
Dividend Analysis
Yield · Dividend history · After-tax income calculator
Leveraged ETF distribution — 3.93% annually
Its leveraged structure makes it unsuitable for long-term dividend investing.
Leveraged ETFs are not designed for dividend income. Even if they temporarily show a high yield, their structure makes them unsuitable for long-term dividend investing.
배당수익률
3.93%
주당 배당
$0.99
연간 기준
5년 성장률
-
지급 주기
불규칙
1월 · 2월 · 3월 · 7월 · 8월 · 9월 · 10월 · 11월 · 12월
연도별 배당 총액 추이
주당 배당금을 연 단위로 합산한 금액입니다. 막대가 우상향이면 매년 배당이 늘어나고 있다는 뜻입니다.
—
2021
—
2022
—
2023
$0.52
2024
$1.09 +108.6%
2025
$X.XX 그 해 총 배당금 +X% 전년 대비 증가 -X% 감소
최근 배당 이력 총 20건
아래로 스크롤하면 과거 배당 이력을 볼 수 있습니다.
배당락일
주당 금액
지급일
당시 수익률
2026-03-30
$0.079
—
4.12%
2026-02-26
$0.067
—
4.53%
2026-01-29
$0.072
—
4.64%
2025-12-30
$0.119
—
4.92%
2025-11-26
$0.078
—
4.80%
2025-10-30
$0.097
—
4.93%
2025-09-29
$0.082
—
4.53%
2025-08-28
$0.082
—
4.93%
2025-07-30
$0.088
—
4.60%
2025-06-27
$0.083
—
4.25%
2025-05-29
$0.092
—
3.92%
2025-04-29
$0.093
—
3.55%
2025-03-28
$0.094
—
3.18%
2025-02-27
$0.089
—
2.81%
2025-01-30
$0.092
—
2.45%
2024-12-30
$0.142
—
2.08%
2024-11-27
$0.092
—
1.51%
2024-10-30
$0.109
—
1.15%
2024-09-27
$0.097
—
0.71%
2024-08-29
$0.082
—
0.33%
* "배당락일"은 배당받으려면 이 날 이전에 주식을 보유해야 하는 기준일입니다. 지급일·당시 수익률은 일부 종목에서 데이터가 없을 수 있습니다.
💰 내가 $100K 투자한다면
연간 배당금 (세후) $3K
5년 누적 (세후) $17K
* 환율 1 가정, 배당소득세 15% 반영. 5년 누적은 배당 성장률 연 0% 가정.
* Qualified dividend middle-bracket approximation. Actual rate varies by total income.
Overall investment appeal
What this ETF fits best — strengths, weaknesses, and target investor profile
Designed for short-term trading Not recommended for long-term investing, but suitable for short-term trading and hedging.
⚠️ 2–3x leveraged product; not suitable for long-term holding. Use as a short-term trading tool only.
🎯 목적별 적합도
내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.
부적합
부적합
매우 적합
매우 낮음
이런 분에게 어울려요
Short-term traders only
✅ 강점
- 🛡️Very low volatility
⚠️ 약점·주의사항
- 🎯Trails benchmark by -13.8%p annually
- 🎢Leveraged — compounding decay can produce results that differ from expectations over long holds
Portfolio Composition
What's actually inside — sector weights and top holdings
파생상품 기반 ETF
실제 보유 종목이 일반 ETF와 다르게 스왑·선물 중심이에요.
ℹ️ 왜 구성을 봐야 하나요?
ETF의 실제 성과는 담고 있는 종목과 섹터에서 나와요. 이름이 "S&P 500"이라도 기술주 비중이 유난히 높을 수 있고, "배당주 ETF"라도 몇몇 대형주에 쏠려 있을 수 있어요. 라벨보다 실제 구성을 확인하는 게 중요해요.
🔬 집중도 한눈에 보기
총 보유종목
95개
상위 10개 비중
20.5%
최대 단일 종목
2.55%
집중도(HHI)
124
낮음 (분산)
🥧 섹터 비중
Financial 28.8%
Technology 7.7%
Communication Services 2.9%
Healthcare 2.9%
Consumer Cyclical 2.6%
Real Estate 2.6%
Industrials 0.6%
📋 상위 보유 종목 Top 10 Top 10이 전체의 20.5% 차지
티커 옆의 점 색상 = 섹터 구분 (섹터 차트와 동일 색상)
#4 - ASB BANK LIMITED 2.02%
#8 - THE TORONTO-DOMINION BANK 1.86%
Leveraged & Covered Call ETFs on the Same Theme
ETFs that approach the same theme with a different strategy
9 ETFs tracking the same theme as KCSH using leveraged or covered call strategies (Leverage 2 · Inverse 3 · Covered Call 4)
Not direct derivatives of KCSH, but ETFs that cover the same theme via a different strategy.
ℹ️ Which ETFs are included?
Among ETFs whose theme (category or sector) overlaps with KCSH, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.
⚠️ Caution: Long-Term Holding
Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.
Leverage 2 ETFs that amplify the same theme by 2-3x (high volatility)
Inverse 3 ETFs that bet on declines in the same theme
Covered Call & Options 4 ETFs that add a monthly dividend via covered calls on the same theme
FAQ
What kind of ETF is KCSH?
KCSH is an ETF in the Bonds - Corporate category, managed by KraneShares.
How many holdings does KCSH have?
KCSH holds a total of 76 securities, with an AUM of approximately $171M.
Does KCSH pay dividends (distributions)?
KCSH's distribution yield is approximately 3.93%.
What is the 52-week high and low for KCSH?
KCSH has recorded a 52-week high of $25.26 and a low of $25.01.
면책조항: 본 콘텐츠는 참고 자료이며 투자 권유가 아닙니다. 모든 투자의 책임은 투자자 본인에게 있습니다.