KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with KBUF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KBUF
KBUF charges 0.95% annually. There are 134 ETFs in the Options Trading category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Tax-Aware Collateral ETF | 0.14% | 1.21B | Apr 2026 | KBUF vs CBOX | |
| Parametric Hedged Equity ETF | 0.29% | 139.40M | Oct 2023 | KBUF vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.87M | Jul 2025 | KBUF vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 296.16M | Nov 2021 | KBUF vs HEQT | |
| Castellan Targeted Income ETF | 0.45% | — | Jun 2025 | KBUF vs CTIF |
Best Risk-Adjusted Alternatives to KBUF
KBUF has a PortfoliosLab risk / return rank of 7. There are 147 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | KBUF vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.22M | Mar 2023 | KBUF vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 199.47M | May 2020 | KBUF vs APRW | |
| PGIM US Large-Cap Buffer 20 ETF - April | 98 | — | Mar 2024 | KBUF vs PBAP | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | 153.67M | Mar 2023 | KBUF vs XMAR |
Top Performing KBUF Alternatives (YTD)
KBUF is at -9.39% YTD. There are 153 ETFs in the Options Trading category with higher YTD returns, going as high as 90.29%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | KBUF vs AMDY | |
| Defiance Oil Enhanced Options Income ETF | 44.25% | 64.41M | May 2024 | KBUF vs USOY | |
| Simplify Piper Sandler US Small-Cap PLUS Income ET... | 17.71% | 6.72M | Apr 2025 | KBUF vs LITL | |
| Defiance R2000 Weekly Distribution ETF | 15.27% | 95.57M | Oct 2023 | KBUF vs IWMY | |
| Horizon Dividend Income ETF | 14.73% | — | Jun 2025 | KBUF vs DIVN |
Lowest Volatility Alternatives to KBUF
KBUF has 13.44% 1-year volatility. There are 133 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.30% | — | Mar 2024 | KBUF vs LAPR | |
| Alpha Architect Tail Risk ETF | 1.57% | 709.87M | Aug 2013 | KBUF vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - April | 1.57% | 32.22M | Mar 2023 | KBUF vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | 1.68% | 13.68M | Jun 2023 | KBUF vs JULJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.06% | — | Mar 2024 | KBUF vs XIMR |
Lowest Drawdown Alternatives to KBUF
KBUF has a 1-year max drawdown of -21.14%. There are 140 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | -0.36% | — | Mar 2024 | KBUF vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.22M | Mar 2023 | KBUF vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.68M | Jun 2023 | KBUF vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 709.87M | Aug 2013 | KBUF vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 199.47M | May 2020 | KBUF vs APRW |
Other ETFs from KraneShares
The 10 most viewed KraneShares ETFs shown here include KWEB, KMLM, KTEC and span 11 categories. AUM among these funds goes as high as $6B.
Often Compared With KBUF
Investors most often compare KBUF with KPRO, BSEP, KBAB. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare KBUF with Any Fund or Stock
Compare KBUF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KBUF with funds that move differently
KraneShares 90% KWEB Defined Outcome January 2026 ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KBUF.
Explore KBUF Diversifiers