KFA Mount Lucas Index Strategy ETF (KMLM) belongs to the Systematic Trend 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 9 ETFs in the Systematic Trend category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify DBi CTA Managed Futures Index ETF | 0.35% | 31.52M | Feb 2026 | KMLM vs SDMF | |
| Global X Dorsey Wright Thematic ETF | 0.50% | 7.96M | Oct 2019 | KMLM vs GXDW | |
| JPMorgan Managed Futures Plus ETF | 0.59% | 16.08M | May 2026 | KMLM vs JPFP | |
| Invesco Managed Futures Strategy ETF | 0.65% | — | Mar 2025 | KMLM vs IMF | |
| Simplify Managed Futures Strategy ETF | 0.78% | 1.57B | Mar 2022 | KMLM vs CTA |
Best Risk-Adjusted Alternatives to KMLM
KMLM has a PortfoliosLab risk / return rank of 28. There are 8 ETFs in the Systematic Trend category with higher risk-adjusted ranks, going as high as 88.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Managed Futures Active ETF | 88 | — | Mar 2025 | KMLM vs ISMF | |
| iMGP DBi Managed Futures Strategy ETF | 76 | 1.89B | May 2019 | KMLM vs DBMF | |
| Invesco Managed Futures Strategy ETF | 67 | — | Mar 2025 | KMLM vs IMF | |
| American Beacon AHL Trend ETF | 66 | 133.25M | Aug 2023 | KMLM vs AHLT | |
| Return Stacked U.S. Stocks & Managed Futures ETF | 63 | 466.84M | Sep 2023 | KMLM vs RSST |
Top Performing KMLM Alternatives (YTD)
KMLM is at 5.59% YTD. There are 9 ETFs in the Systematic Trend category with higher YTD returns, going as high as 11.94%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked U.S. Stocks & Managed Futures ETF | 11.94% | 466.84M | Sep 2023 | KMLM vs RSST | |
| Global X Dorsey Wright Thematic ETF | 11.13% | 7.96M | Oct 2019 | KMLM vs GXDW | |
| Cambria Chesapeake Pure Trend ETF | 10.89% | — | May 2024 | KMLM vs MFUT | |
| Invesco Managed Futures Strategy ETF | 9.81% | — | Mar 2025 | KMLM vs IMF | |
| iMGP DBi Managed Futures Strategy ETF | 8.91% | 1.89B | May 2019 | KMLM vs DBMF |
Lowest Volatility Alternatives to KMLM
KMLM has 11.34% 1-year volatility. There are 3 ETFs in the Systematic Trend category with lower 1-year volatility, going as low as 7.96%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Managed Futures Active ETF | 7.96% | — | Mar 2025 | KMLM vs ISMF | |
| Invesco Managed Futures Strategy ETF | 10.52% | — | Mar 2025 | KMLM vs IMF | |
| Fidelity Managed Futures ETF | 11.27% | 255.42M | Jun 2025 | KMLM vs FFUT | |
| Virtus AlphaSimplex Managed Futures ETF | 11.55% | 31.52M | May 2024 | KMLM vs ASMF | |
| iMGP DBi Managed Futures Strategy ETF | 12.48% | 1.89B | May 2019 | KMLM vs DBMF |
Lowest Drawdown Alternatives to KMLM
KMLM has a 1-year max drawdown of -9.18%. There are 6 ETFs in the Systematic Trend category with shallower 1-year drawdowns, going as shallow as -3.94%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Managed Futures Active ETF | -3.94% | — | Mar 2025 | KMLM vs ISMF | |
| Invesco Managed Futures Strategy ETF | -4.54% | — | Mar 2025 | KMLM vs IMF | |
| Virtus AlphaSimplex Managed Futures ETF | -5.02% | 31.52M | May 2024 | KMLM vs ASMF | |
| Fidelity Managed Futures ETF | -5.34% | 255.42M | Jun 2025 | KMLM vs FFUT | |
| iMGP DBi Managed Futures Strategy ETF | -6.10% | 1.89B | May 2019 | KMLM vs DBMF |
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 | 2 | -28.63% | 5.64B | Jul 2013 | KMLM vs KWEB | |
| KraneShares Hang Seng TECH Index ETF | China Equities | 3 | -21.65% | 53.26M | Jun 2021 | KMLM vs KTEC | |
| KraneShares Electric Vehicles and Future Mobility ... | Industrials Equities | 52 | 3.68% | 100.52M | Jan 2018 | KMLM vs KARS | |
| KraneShares Global Humanoid and Embodied Intellige... | Technology Equities | 69 | 25.85% | 264.17M | Jun 2025 | KMLM vs KOID | |
| Quadratic Deflation ETF | Government Bonds | 16 | 7.17% | 24.48M | Sep 2021 | KMLM vs BNDD | |
| KraneShares SSE STAR Market 50 Index ETF | China Equities | 89 | 50.99% | 230.05M | Jan 2021 | KMLM vs KSTR | |
| KraneShares Asia Pacific High Income Bond ETF | Emerging Markets Bonds | 79 | 2.54% | 15.78M | Jun 2018 | KMLM vs KHYB | |
| KraneShares 100% KWEB Defined Outcome January 2026... | Options Trading | 5 | -6.26% | 3.99M | Feb 2024 | KMLM vs KPRO | |
| KraneShares 90% KWEB Defined Outcome January 2026 ... | Options Trading | 4 | -15.25% | 7.24M | Feb 2024 | KMLM vs KBUF | |
| Kraneshares Hedgeye Hedged Equity Index ETF | Equity Hedged | 80 | 4.92% | 100.99M | Jul 2024 | KMLM vs KSPY |
Often Compared With KMLM
Investors most often compare KMLM with SPY, VOO, WTMF. These 20 comparison targets span 9 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