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 299 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% | 28.74M | Mar 2026 | KMLI vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.98M | Sep 2021 | KMLI vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | 241.41M | May 2014 | KMLI vs SPUU | |
| Leverage Shares 2X Long IREN Daily ETF | 0.75% | 19.24M | Dec 2025 | KMLI vs IREG | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.75% | 22.99B | Mar 2010 | KMLI vs SOXL |
Best Risk-Adjusted Alternatives to KMLI
Among 234 ETFs in the Leveraged Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 3.44B | Oct 2024 | KMLI vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 99 | 1.11B | Nov 2024 | KMLI vs MULL | |
| Innovator Growth Accelerated Plus ETF - April | 98 | 19.26M | Apr 2021 | KMLI vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.62M | Apr 2021 | KMLI vs XTAP | |
| Direxion Daily Semiconductor Bull 3X ETF | 97 | 22.99B | Mar 2010 | KMLI vs SOXL |
Top Performing KMLI Alternatives (YTD)
KMLI is at -42.98% YTD. There are 303 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 932.29%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MRVL Daily ETF | 932.29% | 568.50M | Mar 2025 | KMLI vs MVLL | |
| Leverage Shares 2X Long ARM Daily ETF | 841.05% | 75.08M | Jan 2025 | KMLI vs ARMG | |
| Direxion Daily MU Bull 2X Shares | 798.37% | 3.44B | Oct 2024 | KMLI vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 774.91% | 1.11B | Nov 2024 | KMLI vs MULL | |
| GraniteShares 2x Long DELL Daily ETF | 758.72% | 101.08M | Feb 2025 | KMLI vs DLLL |
Lowest Volatility Alternatives to KMLI
KMLI has 79.26% 1-year volatility. There are 220 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.68%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.68% | 22.62M | Apr 2021 | KMLI vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 5.56% | 19.26M | Apr 2021 | KMLI vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.42% | 13.32M | Jul 2021 | KMLI vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 9.99% | 22.12M | Jul 2021 | KMLI vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.54% | 68.42M | Apr 2021 | KMLI vs XDSQ |
Lowest Drawdown Alternatives to KMLI
Among 236 ETFs in the Leveraged Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.42%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.42% | 22.62M | Apr 2021 | KMLI vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -1.69% | 19.26M | Apr 2021 | KMLI vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.32M | Jul 2021 | KMLI vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.12M | Jul 2021 | KMLI vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.42M | Apr 2021 | KMLI vs XDSQ |
Other ETFs from KraneShares
The 10 most viewed KraneShares ETFs shown here include KWEB, KTEC, KARS 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 | 5 | -20.32% | 6.23B | Jul 2013 | KMLI vs KWEB | |
| KraneShares Hang Seng TECH Index ETF | China Equities | 6 | -11.81% | 53.37M | Jun 2021 | KMLI vs KTEC | |
| KraneShares Electric Vehicles and Future Mobility ... | Industrials Equities | 80 | 15.23% | 105.57M | Jan 2018 | KMLI vs KARS | |
| KraneShares Global Humanoid and Embodied Intellige... | Technology Equities | — | 32.82% | 241.06M | Jun 2025 | KMLI vs KOID | |
| KraneShares SSE STAR Market 50 Index ETF | China Equities | 72 | 34.18% | 192.71M | Jan 2021 | KMLI vs KSTR | |
| Quadratic Deflation ETF | Government Bonds | 13 | 4.38% | 6.46M | Sep 2021 | KMLI vs BNDD | |
| KraneShares Asia Pacific High Income Bond ETF | Emerging Markets Bonds | 80 | 2.52% | 15.69M | Jun 2018 | KMLI vs KHYB | |
| KraneShares 100% KWEB Defined Outcome January 2026... | Options Trading | 7 | -5.17% | 6.01M | Feb 2024 | KMLI vs KPRO | |
| KraneShares 90% KWEB Defined Outcome January 2026 ... | Options Trading | 6 | -11.34% | 3.37M | Feb 2024 | KMLI vs KBUF | |
| Kraneshares Global Luxury Index ETF | Consumer Discretionary Equities | — | — | 1.99M | Sep 2023 | KMLI vs KLXY |
Often Compared With KMLI
Investors most often compare KMLI with USOI, ASMG, DBE. These 20 comparison targets span 8 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