KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with KPRO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KPRO
KPRO charges 0.95% annually. There are 126 ETFs in the Options Trading category with lower expense ratios, going as low as 0.29%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Hedged Equity ETF | 0.29% | 140.25M | Oct 2023 | KPRO vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.58M | Jul 2025 | KPRO vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 300.35M | Nov 2021 | KPRO vs HEQT | |
| Amplify BlackSwan ISWN ETF | 0.49% | 36.25M | Jan 2021 | KPRO vs ISWN | |
| PGIM US Large-Cap Buffer 12 ETF - February | 0.50% | — | Jan 2024 | KPRO vs FEBP |
Best Risk-Adjusted Alternatives to KPRO
KPRO has a PortfoliosLab risk / return rank of 6. There are 141 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | KPRO vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.26M | Mar 2023 | KPRO vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 190.94M | May 2020 | KPRO vs APRW | |
| PGIM US Large-Cap Buffer 20 ETF - April | 98 | — | Mar 2024 | KPRO vs PBAP | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | 156.53M | Mar 2023 | KPRO vs XMAR |
Top Performing KPRO Alternatives (YTD)
KPRO is at -4.41% YTD. There are 143 ETFs in the Options Trading category with higher YTD returns, going as high as 97.19%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 97.19% | 443.39M | Sep 2023 | KPRO vs AMDY | |
| Defiance R2000 Weekly Distribution ETF | 14.82% | 98.05M | Oct 2023 | KPRO vs IWMY | |
| YieldMax AAPL Option Income Strategy ETF | 14.78% | 124.97M | Apr 2023 | KPRO vs APLY | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 14.37% | 190.88M | Sep 2023 | KPRO vs QQQY | |
| REX NVIDIA Growth & Income ETF | 13.29% | 106.68M | May 2025 | KPRO vs NVII |
Lowest Volatility Alternatives to KPRO
KPRO has 8.85% 1-year volatility. There are 105 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.27%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.27% | — | Mar 2024 | KPRO vs LAPR | |
| Alpha Architect Tail Risk ETF | 1.55% | 668.40M | Aug 2013 | KPRO vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - April | 1.55% | 32.26M | Mar 2023 | KPRO vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | 1.57% | 13.64M | Jun 2023 | KPRO vs JULJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.04% | — | Mar 2024 | KPRO vs XIMR |
Lowest Drawdown Alternatives to KPRO
KPRO has a 1-year max drawdown of -13.34%. There are 128 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | -0.36% | — | Mar 2024 | KPRO vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.26M | Mar 2023 | KPRO vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.64M | Jun 2023 | KPRO vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 668.40M | Aug 2013 | KPRO vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 190.94M | May 2020 | KPRO vs APRW |
Other ETFs from KraneShares
The 10 most viewed KraneShares ETFs shown here include KWEB, KMLM, KTEC and span 9 categories. AUM among these funds goes as high as $5B.
Often Compared With KPRO
Investors most often compare KPRO with BFIX, KLIP, PQDI. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare KPRO with Any Fund or Stock
Compare KPRO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KPRO with funds that move differently
KraneShares 100% KWEB Defined Outcome January 2026 ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KPRO.
Explore KPRO Diversifiers