- Issuer
- KraneShares
- Inception Date
- Oct 3, 2025
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Wahed Alternative Income Index
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
Share Price Chart
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Performance
KWIN Performance Chart
KraneShares Wahed Alternative Income Index ETF (KWIN) is up 1.3% since the beginning of the year. KWIN is currently trading at $26 per share.
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Returns By Period
KraneShares Wahed Alternative Income Index ETF
- 1D
- -0.21%
- 1M
- -0.09%
- YTD
- 1.30%
- 6M
- 1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.79%
- 1M
- -1.06%
- YTD
- 9.55%
- 6M
- 8.75%
- 1Y
- 20.86%
- 3Y*
- 19.00%
- 5Y*
- 11.66%
- 10Y*
- 13.56%
KWIN Monthly Returns History
Based on dividend-adjusted daily data since Nov 5, 2025, KWIN's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 88% of months were positive and 13% were negative. The best month was Dec 2025 with a return of +0.4%, while the worst month was Jun 2026 at -0.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, KWIN closed higher 51% of trading days. The best single day was Nov 19, 2025 with a return of +1.1%, while the worst single day was Nov 20, 2025 at -0.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.15% | 0.28% | 0.39% | 0.32% | 0.24% | -0.09% | 1.30% | ||||||
| 2025 | 0.18% | 0.43% | 0.61% |
Benchmark Metrics
KraneShares Wahed Alternative Income Index ETF has an annualized alpha of 2.74%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 05, 2025.
- This ETF captured 3.92% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -15.79%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.74%
- Beta
- 0.02
- R²
- 0.01
- Upside Capture
- 3.92%
- Downside Capture
- -15.79%
Expense Ratio
KWIN has an expense ratio of 0.51%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for KraneShares Wahed Alternative Income Index ETF (KWIN) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KWIN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.30 | — |
| Martin ratioReturn relative to average drawdown | — | 10.05 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the KraneShares Wahed Alternative Income Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the KraneShares Wahed Alternative Income Index ETF was 0.93%, occurring on Nov 28, 2025. Recovery took 29 trading sessions.
The current KraneShares Wahed Alternative Income Index ETF drawdown is 0.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -0.93%Nov 2025 | 2d | 1mo 15d | 1mo 17dNov 2025 - Jan 2026 |
2025 pullback2025 | -0.83%Nov 2025 | 0s | 1d | 1dNov 2025 - Nov 2025 |
2026 pullback2026 | -0.55%Jan 2026 | 7d | 15d | 22dJan 2026 - Feb 2026 |
2026 pullback2026 | -0.47%Feb 2026 | 1d | 12d | 13dFeb 2026 - Mar 2026 |
2026 pullback2026 | -0.43%Mar 2026 | 0s | 7d | 7dMar 2026 - Mar 2026 |
Drawdown Indicators
| KWIN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.93% | -56.78% | +55.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.27% | -1.45% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -10.71% | +10.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.08% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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