- Issuer
- KraneShares
- Inception Date
- Apr 4, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $10M
Highlights
- Avg. Volume (1M)
- 50K
- Avg. Volume Value (1M)
- $479.48K
Share Price Chart
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Performance
KMLI Performance Chart
KraneShares 2x Long MELI Daily ETF (KMLI) is down 27.1% since the beginning of the year. KMLI is currently trading at $10 per share.
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Returns By Period
KraneShares 2x Long MELI Daily ETF (KMLI) has returned -27.13% so far this year and -53.95% over the past 12 months.
KraneShares 2x Long MELI Daily ETF
- 1D
- -0.93%
- 1M
- 11.70%
- 6M
- -34.25%
- YTD
- -27.13%
- 1Y
- -53.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -50.49%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
KMLI Monthly Returns History
Based on dividend-adjusted daily data since Jun 12, 2025, KMLI's average daily return is -0.16%, while the average monthly return is -4.24%.
Historically, 36% of months were positive and 64% were negative. The best month was Jul 2026 with a return of +20.4%, while the worst month was Feb 2026 at -34.8%. The longest winning streak lasted 1 consecutive months, and the longest losing streak was 4 months.
On a daily basis, KMLI closed higher 51% of trading days. The best single day was Jan 5, 2026 with a return of +17.3%, while the worst single day was May 8, 2026 at -24.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.84% | -34.82% | -5.72% | 5.71% | -14.06% | -2.15% | 20.36% | -27.13% | |||||
| 2025 | 20.19% | -19.01% | 6.83% | -12.41% | -4.68% | -23.04% | -7.44% | -38.14% |
Benchmark Metrics
KraneShares 2x Long MELI Daily ETF has an annualized alpha of -58.25%, beta of 2.35, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since June 12, 2025.
- This ETF participated in 381.99% of S&P 500 Index downside but only -86.35% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.15 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -58.25%
- Beta
- 2.35
- R²
- 0.15
- Upside Capture
- -86.35%
- Downside Capture
- 381.99%
Expense Ratio
KMLI has a high expense ratio of 1.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
KMLI ranks 4 for risk / return — above 4% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for KraneShares 2x Long MELI Daily ETF (KMLI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KMLI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.25 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 2.00 | -2.78 |
| Martin ratioReturn relative to average drawdown | -1.16 | 8.49 | -9.65 |
Dividends
Dividend History
KraneShares 2x Long MELI Daily ETF provided a 14.59% dividend yield over the last twelve months, with an annual payout of $1.47 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.47 | $1.47 |
Dividend yield | 14.59% | 10.63% |
Monthly Dividends
The table displays the monthly dividend distributions for KraneShares 2x Long MELI Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $1.47 | $1.47 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the KraneShares 2x Long MELI Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the KraneShares 2x Long MELI Daily ETF was 73.23%, occurring on May 15, 2026. The portfolio has not yet recovered.
The current KraneShares 2x Long MELI Daily ETF drawdown is 62.49%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-73.23%May 2026 | 10mo 18d | — | 1y 1moJul 2025 - now | — |
-5.01%Jun 2025 | 0s | 7d | 7dJun 2025 - Jun 2025 | 2025 selloff2025 |
-0.26%Jun 2025 | 0s | 4d | 4dJun 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| KMLI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.23% | -56.78% | -16.45% |
Max Drawdown (1Y)Largest decline over 1 year | -69.49% | -9.10% | -60.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -62.49% | -1.58% | -60.91% |
Average DrawdownAverage peak-to-trough decline | -44.46% | -10.70% | -33.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.46% | 2.14% | +44.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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