APO vs. KMLM
APO (Apollo Global Management, Inc.) is a stock, while KMLM (KFA Mount Lucas Index Strategy ETF) is Systematic Trend fund tracking the KFA MLM Index. Over the past 5 years, APO returned 18.75%/yr vs 5.77%/yr for KMLM. Their -0.09 correlation means they have often moved in opposite directions in the past.
Performance
APO vs. KMLM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APO achieves a -12.52% return, which is significantly lower than KMLM's 12.95% return.
APO
- 1D
- 4.44%
- 1M
- 5.88%
- 6M
- -5.88%
- YTD
- -12.52%
- 1Y
- -7.73%
- 3Y*
- 17.12%
- 5Y*
- 18.75%
- 10Y*
- 27.17%
- ALL TIME*
- 20.44%
KMLM
- 1D
- 0.24%
- 1M
- 6.85%
- 6M
- 12.90%
- YTD
- 12.95%
- 1Y
- 18.19%
- 3Y*
- 0.08%
- 5Y*
- 5.77%
- 10Y*
- —
- ALL TIME*
- 7.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $435.36M | $496.01M | $510.65M | |
| $14.29M | $9.53M | $7.83M |
APO vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | -12.52% | -11.12% | 79.87% | 49.44% | -9.59% | 53.25% | 8.10% |
KMLM KFA Mount Lucas Index Strategy ETF | 12.95% | -2.98% | -1.69% | -5.66% | 30.61% | 7.04% | 5.74% |
Correlation
The correlation between APO and KMLM is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2020 | -0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
APO vs. KMLM — Risk / Return Rank
APO
KMLM
APO vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apollo Global Management, Inc. (APO) and KFA Mount Lucas Index Strategy ETF (KMLM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| APO | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.28 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 1.86 | -2.21 |
| Martin ratioReturn relative to average drawdown | -0.76 | 6.03 | -6.79 |
Loading charts...
Drawdowns
APO vs. KMLM - Drawdown Comparison
The maximum APO drawdown since its inception was -56.99%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for APO and KMLM.
Loading charts...
Drawdown Indicators
| APO | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.99% | -27.47% | -29.52% |
Max Drawdown (1Y)Largest decline over 1 year | -34.05% | -9.61% | -24.44% |
Max Drawdown (3Y)Largest decline over 3 years | -42.82% | -22.28% | -20.54% |
Max Drawdown (5Y)Largest decline over 5 years | -42.82% | -27.47% | -15.35% |
Max Drawdown (10Y)Largest decline over 10 years | -53.48% | — | — |
Current DrawdownCurrent decline from peak | -28.10% | -11.93% | -16.17% |
Average DrawdownAverage peak-to-trough decline | -16.50% | -12.79% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.05% | 2.95% | +13.10% |
Volatility
APO vs. KMLM - Volatility Comparison
Apollo Global Management, Inc. (APO) has a higher volatility of 9.03% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 3.70%. This indicates that APO's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| APO | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.03% | 3.70% | +5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 28.28% | 10.31% | +17.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.03% | 11.49% | +24.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.31% | 14.53% | +22.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.93% | 14.66% | +23.27% |
Dividends
APO vs. KMLM - Dividend Comparison
APO's dividend yield for the trailing twelve months is around 1.67%, less than KMLM's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | 1.67% | 1.38% | 1.10% | 1.81% | 2.51% | 2.90% | 4.72% | 4.23% | 7.86% | 5.53% | 6.46% | 12.91% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.45% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
APO and KMLM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APO has higher volatility (9.03%) compared to KMLM (3.70%). In terms of maximum drawdown, APO dropped -56.99% vs KMLM's -27.47%.
KMLM currently has the higher Sharpe Ratio (1.55 vs -0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for APO and KMLM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer