KFA Mount Lucas Index Strategy ETF (KMLM) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with KMLM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KMLM
KMLM charges 0.90% annually. There are 8 ETFs in the Long-Short category with lower expense ratios, going as low as 0.45%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Large Cap Core Plus | 0.45% | 524.02M | Jul 2009 | KMLM vs CSM | |
| Aptus International Enhanced Yield ETF | 0.45% | 372.15M | Jul 2021 | KMLM vs IDUB | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | KMLM vs ATTR | |
| Franklin Liberty Systematic Style Premia ETF | 0.65% | 908.01M | Dec 2019 | KMLM vs FLSP | |
| WisdomTree Inflation Plus Fund | 0.65% | 23.76M | Jun 2025 | KMLM vs WTIP |
Best Risk-Adjusted Alternatives to KMLM
KMLM has a PortfoliosLab risk / return rank of 36. There are 16 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 95 | 447.61M | Feb 2022 | KMLM vs CLSE | |
| IQ Hedge Multi-Strategy Tracker ETF | 87 | 762.37M | Mar 2009 | KMLM vs QAI | |
| Hull Tactical US ETF | 81 | 137.43M | Jun 2015 | KMLM vs HTUS | |
| ProShares Hedge Replication | 76 | 21.57M | Jul 2011 | KMLM vs HDG | |
| Proshares Large Cap Core Plus | 74 | 524.02M | Jul 2009 | KMLM vs CSM |
Top Performing KMLM Alternatives (YTD)
KMLM is at 10.60% YTD. There are 10 ETFs in the Long-Short category with higher YTD returns, going as high as 25.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Harbor Long-Short Equity ETF | 25.99% | 15.30M | Dec 2023 | KMLM vs LSEQ | |
| Convergence Long/Short Equity ETF | 25.32% | 447.61M | Feb 2022 | KMLM vs CLSE | |
| Changebridge Capital Long/Short Equity ETF | 24.17% | 55.44M | Nov 2020 | KMLM vs CBLS | |
| Aptus International Enhanced Yield ETF | 17.21% | 372.15M | Jul 2021 | KMLM vs IDUB | |
| Rareview Systematic Equity ETF | 17.06% | 59.01M | Jan 2022 | KMLM vs RSEE |
Lowest Volatility Alternatives to KMLM
KMLM has 11.46% 1-year volatility. There are 11 ETFs in the Long-Short category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AdvisorShares Alpha DNA Equity Sentiment ETF | 0.00% | 3.55M | Feb 2021 | KMLM vs SENT | |
| Arin Tactical Tail Risk ETF | 2.98% | — | Oct 2025 | KMLM vs ATTR | |
| First Trust Merger Arbitrage ETF | 5.31% | 19.86M | Feb 2020 | KMLM vs MARB | |
| ProShares Hedge Replication | 5.62% | 21.57M | Jul 2011 | KMLM vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | 5.97% | 762.37M | Mar 2009 | KMLM vs QAI |
Lowest Drawdown Alternatives to KMLM
KMLM has a 1-year max drawdown of -6.30%. There are 9 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AdvisorShares Alpha DNA Equity Sentiment ETF | 0.00% | 3.55M | Feb 2021 | KMLM vs SENT | |
| First Trust Merger Arbitrage ETF | -2.43% | 19.86M | Feb 2020 | KMLM vs MARB | |
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | KMLM vs EVNT | |
| IQ Hedge Multi-Strategy Tracker ETF | -3.71% | 762.37M | Mar 2009 | KMLM vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.35B | Sep 2014 | KMLM vs FTLS |
Other ETFs from CICC
The 10 most viewed CICC ETFs shown here include KWEB, KRBN, KLIP and span 7 categories. AUM among these funds goes as high as $6B.
Often Compared With KMLM
Investors most often compare KMLM with DBMF, SPY, VOO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare KMLM with Any Fund or Stock
Compare KMLM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KMLM with funds that move differently
KFA Mount Lucas Index Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KMLM.
Explore KMLM Diversifiers