KraneShares 2x Long MELI Daily ETF (KMLI) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with KMLI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KMLI
KMLI charges 1.26% annually. There are 300 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 34.68M | Mar 2026 | KMLI vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.99M | Sep 2021 | KMLI vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 239.79M | May 2014 | KMLI vs SPUU | |
| Leverage Shares 2X Long BIDU Daily ETF | 0.75% | — | Dec 2025 | KMLI vs BIDG | |
| Leverage Shares 2X Long NIO Daily ETF | 0.75% | — | Dec 2025 | KMLI vs NIOG |
Best Risk-Adjusted Alternatives to KMLI
KMLI has a PortfoliosLab risk / return rank of 2. There are 215 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 99 | 1.47B | Nov 2024 | KMLI vs MULL | |
| GraniteShares 2x Long INTC Daily ETF | 98 | 785.62M | Feb 2025 | KMLI vs INTW | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.60M | Apr 2021 | KMLI vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 19.18M | Apr 2021 | KMLI vs QTAP | |
| Direxion Daily Semiconductor Bull 3X ETF | 97 | 28.01B | Mar 2010 | KMLI vs SOXL |
Top Performing KMLI Alternatives (YTD)
KMLI is at -44.90% YTD. There are 276 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 1,049.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 1,049.06% | 1.47B | Nov 2024 | KMLI vs MULL | |
| GraniteShares 2x Long INTC Daily ETF | 760.00% | 785.62M | Feb 2025 | KMLI vs INTW | |
| Direxion Daily INTC Bull 2X Shares | 753.04% | 104.27M | Nov 2025 | KMLI vs LINT | |
| GraniteShares 2x Long DELL Daily ETF | 687.71% | 169.15M | Feb 2025 | KMLI vs DLLL | |
| GraniteShares 2x Long MRVL Daily ETF | 621.98% | 983.44M | Mar 2025 | KMLI vs MVLL |
Lowest Volatility Alternatives to KMLI
KMLI has 79.30% 1-year volatility. There are 221 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.75%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.75% | 22.60M | Apr 2021 | KMLI vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.05% | 19.18M | Apr 2021 | KMLI vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.35% | 13.35M | Jul 2021 | KMLI vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 9.86% | 22.17M | Jul 2021 | KMLI vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.50% | 68.78M | Apr 2021 | KMLI vs XDSQ |
Lowest Drawdown Alternatives to KMLI
KMLI has a 1-year max drawdown of -73.23%. There are 200 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.60M | Apr 2021 | KMLI vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 19.18M | Apr 2021 | KMLI vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.35M | Jul 2021 | KMLI vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.17M | Jul 2021 | KMLI vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.78M | Apr 2021 | KMLI vs XDSQ |
Other ETFs from KraneShares
The 10 most viewed KraneShares ETFs shown here include KWEB, KMLM, KTEC and span 7 categories. AUM among these funds goes as high as $6B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| KraneShares CSI China Internet ETF | China Equities | 2 | -30.60% | 5.64B | Jul 2013 | KMLI vs KWEB | |
| KFA Mount Lucas Index Strategy ETF | Systematic Trend | 29 | 6.32% | 300.41M | Dec 2020 | KMLI vs KMLM | |
| KraneShares Hang Seng TECH Index ETF | China Equities | 3 | -23.37% | 53.26M | Jun 2021 | KMLI vs KTEC | |
| KraneShares Electric Vehicles and Future Mobility ... | Industrials Equities | 49 | 1.34% | 100.52M | Jan 2018 | KMLI vs KARS | |
| KraneShares Global Humanoid and Embodied Intellige... | Technology Equities | 72 | 26.73% | 264.17M | Jun 2025 | KMLI vs KOID | |
| KraneShares SSE STAR Market 50 Index ETF | China Equities | 91 | 58.03% | 230.05M | Jan 2021 | KMLI vs KSTR | |
| Quadratic Deflation ETF | Government Bonds | 17 | 7.62% | 24.48M | Sep 2021 | KMLI vs BNDD | |
| KraneShares Asia Pacific High Income Bond ETF | Emerging Markets Bonds | 80 | 2.60% | 15.78M | Jun 2018 | KMLI vs KHYB | |
| KraneShares 100% KWEB Defined Outcome January 2026... | Options Trading | 5 | -6.65% | 3.99M | Feb 2024 | KMLI vs KPRO | |
| KraneShares 90% KWEB Defined Outcome January 2026 ... | Options Trading | 4 | -16.19% | 7.24M | Feb 2024 | KMLI vs KBUF |
Often Compared With KMLI
Investors most often compare KMLI with USOI, ASMG, KSPY. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare KMLI with Any Fund or Stock
Compare KMLI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KMLI with funds that move differently
KraneShares 2x Long MELI Daily ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KMLI.
Explore KMLI Diversifiers