SeekingAlpha
Markets rallied as Washington and Beijing agreed not to escalate. Labor Day became the new line in the sand, and Section 899 was blindfolded and tied to a post.
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The announcement of a 90-day tariff truce between the US and China propelled global equities back to pre-Liberation Day levels.
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Frontloading effects as US companies stockpiled goods in April and May prior to tariffs have resulted in strong headline exports from Asia.
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If Iran attempts to block oil shipments in the Strait of Hormuz, prices could surge past $100/barrel. That could trigger inflation and undermine chances of getting rate cuts from the US Fed.
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Global Economic Outlook: June 2025
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We expect to see more divergence in how Asian currencies are performing, shaped by a combination of both structural and cyclical factors.
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
TAIL | -32.87% | $99.76M | 0.59% | |
BTAL | -26.90% | $296.79M | 1.43% | |
VIXY | -26.39% | $165.69M | 0.85% | |
USDU | -26.30% | $162.92M | 0.5% | |
UUP | -22.10% | $237.02M | 0.77% | |
FTSD | -15.63% | $231.79M | 0.25% | |
IVOL | -15.43% | $351.30M | 1.02% | |
XONE | -15.04% | $585.86M | 0.03% | |
SPTS | -12.79% | $5.78B | 0.03% | |
CLIP | -10.65% | $1.52B | 0.07% | |
UTWO | -10.43% | $379.36M | 0.15% | |
ULST | -9.34% | $662.59M | 0.2% | |
XHLF | -9.25% | $1.73B | 0.03% | |
SCHO | -9.14% | $11.46B | 0.03% | |
BILS | -8.18% | $3.86B | 0.1356% | |
BIL | -7.93% | $42.87B | 0.1356% | |
STPZ | -7.91% | $450.22M | 0.2% | |
XBIL | -7.76% | $783.57M | 0.15% | |
VGSH | -7.70% | $22.80B | 0.03% | |
IBTH | -7.22% | $1.60B | 0.07% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
AGZD | 0.14% | $102.66M | 0.23% | |
LDUR | -0.17% | $929.55M | 0.5% | |
SCHP | 0.19% | $13.50B | 0.03% | |
FXY | 0.21% | $815.67M | 0.4% | |
LGOV | 0.34% | $708.16M | 0.67% | |
BUXX | 0.35% | $318.71M | 0.25% | |
SHYM | -0.44% | $349.95M | 0.35% | |
FLGV | 0.52% | $1.01B | 0.09% | |
IBTP | 0.55% | $140.69M | 0.07% | |
UTEN | -0.63% | $209.88M | 0.15% | |
AGGH | 0.73% | $323.99M | 0.29% | |
AGZ | -0.76% | $614.02M | 0.2% | |
FLMI | 0.85% | $722.98M | 0.3% | |
GTIP | 0.86% | $163.89M | 0.12% | |
IBTO | -0.92% | $352.26M | 0.07% | |
GCOR | 1.18% | $586.67M | 0.08% | |
IEF | -1.19% | $34.98B | 0.15% | |
DFIP | 1.22% | $921.22M | 0.11% | |
GVI | 1.24% | $3.40B | 0.2% | |
IBTL | -1.28% | $380.68M | 0.07% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
PGJ | 96.97% | $142.89M | 0.67% | |
MCHI | 95.78% | $6.44B | 0.59% | |
CHIQ | 95.19% | $234.78M | 0.65% | |
FLCH | 95.08% | $200.01M | 0.19% | |
FXI | 94.75% | $6.25B | 0.74% | |
CXSE | 94.58% | $423.19M | 0.32% | |
GXC | 94.17% | $431.44M | 0.59% | |
CQQQ | 92.23% | $1.04B | 0.65% | |
EMQQ | 89.59% | $363.01M | 0.86% | |
EWH | 85.43% | $645.12M | 0.5% | |
PXH | 85.40% | $1.49B | 0.47% | |
FNDE | 83.76% | $7.04B | 0.39% | |
VWO | 81.97% | $90.85B | 0.07% | |
SCHE | 81.96% | $10.26B | 0.07% | |
AAXJ | 81.69% | $2.70B | 0.72% | |
SPEM | 81.49% | $12.20B | 0.07% | |
AIA | 80.15% | $732.62M | 0.5% | |
EEMA | 79.57% | $1.32B | 0.49% | |
EEM | 79.21% | $18.20B | 0.72% | |
FEM | 79.06% | $413.60M | 0.8% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
BABA | 87.17% | $255.16B | +59.71% | 0.94% |
BIDU | 84.77% | $24.11B | -0.40% | 0.00% |
JD | 84.57% | $42.78B | +27.98% | 3.08% |
WB | 83.09% | $1.51B | +25.91% | 8.52% |
BILI | 82.42% | $6.98B | +38.73% | 0.00% |
FUTU | 78.05% | $13.67B | +89.14% | 0.00% |
BEKE | 77.70% | $21.25B | +31.02% | 1.99% |
HTHT | 75.87% | $10.56B | +2.73% | 2.88% |
TCOM | 75.47% | $38.33B | +24.83% | 0.52% |
IQ | 73.18% | $935.27M | -51.77% | 0.00% |
VIPS | 72.22% | $6.59B | +16.13% | 3.27% |
PDD | 70.46% | $146.02B | -20.92% | 0.00% |
QFIN | 68.76% | $5.76B | +125.70% | 2.97% |
ATHM | 68.35% | $3.07B | -5.54% | 0.00% |
MLCO | 67.01% | $2.96B | -3.49% | 0.00% |
MOMO | 66.49% | $1.03B | +47.55% | 0.00% |
ZTO | 65.80% | $10.56B | -14.31% | 3.99% |
PUK | 65.37% | $32.42B | +37.55% | 1.86% |
BHP | 65.19% | $123.37B | -14.84% | 5.17% |
VALE | 65.15% | $41.58B | -8.72% | 0.00% |
Current Value
$34.201 Year Return
Current Value
$34.201 Year Return
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
DFDV | -13.81% | $247.94M | +1,821.34% | 0.00% |
KR | -12.59% | $47.56B | +43.04% | 1.79% |
NGVC | -12.28% | $900.11M | +85.00% | 1.17% |
STTK | -12.12% | $40.90M | -77.88% | 0.00% |
COR | -10.47% | $58.03B | +32.90% | 0.72% |
HUM | -7.25% | $29.19B | -35.27% | 1.84% |
ED | -7.20% | $35.36B | +9.76% | 3.39% |
VSA | -7.06% | $8.67M | -15.70% | 0.00% |
ALHC | -6.02% | $2.74B | +77.11% | 0.00% |
LVO | -5.80% | $70.29M | -53.41% | 0.00% |
MO | -5.43% | $98.96B | +28.98% | 6.98% |
MCK | -5.28% | $90.65B | +24.27% | 0.39% |
PRA | -5.22% | $1.17B | +86.82% | 0.00% |
MUSA | -4.69% | $8.06B | -13.12% | 0.47% |
CBOE | -3.84% | $23.98B | +34.66% | 1.10% |
AWK | -3.56% | $26.90B | +6.78% | 2.27% |
DUK | -3.47% | $90.88B | +16.65% | 3.59% |
SFM | -3.36% | $15.87B | +93.80% | 0.00% |
VHC | -2.94% | $45.90M | +59.26% | 0.00% |
WEC | -2.65% | $32.91B | +31.44% | 3.35% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
LITB | -0.08% | $21.70M | -78.27% | 0.00% |
AWR | 0.13% | $2.94B | +5.29% | 2.44% |
AEP | -0.15% | $54.73B | +16.78% | 3.58% |
LRN | -0.18% | $6.34B | +106.55% | 0.00% |
NJR | 0.23% | $4.48B | +4.54% | 4.03% |
IMNN | -0.24% | $15.04M | -36.21% | 0.00% |
DG | -0.41% | $25.19B | -13.45% | 2.07% |
CABO | -0.43% | $735.38M | -63.09% | 6.72% |
VRCA | 0.60% | $48.34M | -92.83% | 0.00% |
OHI | 0.62% | $10.59B | +6.80% | 7.32% |
NOC | -0.67% | $71.10B | +13.32% | 1.72% |
CI | 0.68% | $87.17B | -1.29% | 1.78% |
CCRN | 0.72% | $419.30M | -7.59% | 0.00% |
WBA | 0.76% | $9.91B | -5.33% | 4.37% |
MSI | 0.82% | $69.88B | +8.45% | 1.01% |
HOLX | 0.82% | $14.49B | -12.44% | 0.00% |
IMDX | 0.83% | $91.52M | +8.47% | 0.00% |
LMT | -0.83% | $107.45B | -1.82% | 2.85% |
AMED | 0.91% | $3.21B | +6.67% | 0.00% |
MMYT | 0.92% | $11.11B | +18.69% | 0.00% |
KWEB - KraneShares CSI China Internet ETF contains 28 holdings. The top holdings include TCTZF, BABAF, PDD, MPNGF, JDCMF
Name | Weight |
---|---|
T TCTZFNT Tencent Holdings Ltd | 10.13% |
B BABAFNT Alibaba Group Holding Ltd Ordinary Shares | 8.83% |
7.32% | |
M MPNGFNT Meituan Class B | 7.20% |
J JDCMFNT JD.com Inc Ordinary Shares - Class A | 5.98% |
K KUASFNT Kuaishou Technology Ordinary Shares - Class B | 4.24% |
N NETTFNT NetEase Inc Ordinary Shares | 4.14% |
B BAIDFNT Baidu Inc | 4.06% |
4.02% | |
3.86% | |
- | 3.86% |
3.71% | |
- | 3.65% |
B BLBLFNT Bilibili Inc Class Z | 3.39% |
3.22% | |
2.89% | |
2.81% | |
- | 2.45% |
A ALBHFNT Alibaba Health Information Technology Ltd | 1.96% |
- | 1.92% |
- | 1.10% |
- | 1.02% |
![]() | 0.99% |
0.85% | |
0.55% | |
0.51% | |
- | 0.41% |
- | 0.14% |
Sector | Weight |
---|---|
Consumer Discretionary | 13.02% |
Communication Services | 10.78% |
Industrials | 3.71% |
Financials | 3.22% |