ATTR vs. KMLM

Last updated Jun 4, 2026

ATTR (Arin Tactical Tail Risk ETF) and KMLM (KFA Mount Lucas Index Strategy ETF) are both Long-Short funds. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. ATTR charges 0.63%/yr vs 0.90%/yr for KMLM.

Performance

ATTR vs. KMLM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arin Tactical Tail Risk ETF (ATTR) and KFA Mount Lucas Index Strategy ETF (KMLM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATTR achieves a 4.25% return, which is significantly lower than KMLM's 9.75% return.

ATTR

• 1D: -0.12%
• 1M: 0.85%
• YTD: 4.25%
• 6M: 4.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KMLM

• 1D: -0.94%
• 1M: -3.49%
• YTD: 9.75%
• 6M: 12.48%
• 1Y: 12.78%
• 3Y*: -0.84%
• 5Y*: 4.13%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATTR vs. KMLM - Yearly Performance Comparison

	2026 (YTD)	2025
ATTR Arin Tactical Tail Risk ETF	4.25%	0.58%
KMLM KFA Mount Lucas Index Strategy ETF	9.75%	1.31%

Correlation

The correlation between ATTR and KMLM is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	-0.09

Return for Risk

ATTR vs. KMLM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KMLM

KMLM Risk / Return Rank: 35
KMLM Sharpe Ratio Rank: 32
KMLM Sortino Ratio Rank: 30
KMLM Omega Ratio Rank: 31
KMLM Calmar Ratio Rank: 42
KMLM Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATTR vs. KMLM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arin Tactical Tail Risk ETF (ATTR) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ATTR	KMLM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	0.48	+2.33

Drawdowns

ATTR vs. KMLM - Drawdown Comparison

The maximum ATTR drawdown since its inception was -1.76%, smaller than the maximum KMLM drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for ATTR and KMLM.

Drawdown Indicators

	ATTR	KMLM	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-27.47%	+25.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.30%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.47%	—
Current Drawdown Current decline from peak	-0.19%	-14.42%	+14.23%
Average Drawdown Average peak-to-trough decline	-0.18%	-12.74%	+12.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.94%	—

Volatility

Volatility by Period

	ATTR	KMLM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	11.45%	-8.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	14.62%	-11.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	14.73%	-11.76%

ATTR vs. KMLM - Expense Ratio Comparison

ATTR has a 0.63% expense ratio, which is lower than KMLM's 0.90% expense ratio.

Dividends

ATTR vs. KMLM - Dividend Comparison

ATTR has not paid dividends to shareholders, while KMLM's dividend yield for the trailing twelve months is around 4.58%.

Position	TTM	2025	2024	2023	2022	2021
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KMLM KFA Mount Lucas Index Strategy ETF	4.58%	5.02%	0.82%	0.00%	13.22%	6.94%

Frequently Asked Questions

Can I hold both ATTR and KMLM in my portfolio?

ATTR and KMLM have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ATTR or KMLM?

On fees, ATTR is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ATTR or KMLM?

ATTR is cheaper with a 0.63% expense ratio, compared with 0.90% for KMLM.

Which ETF pays a higher dividend yield, ATTR or KMLM?

KMLM has the higher dividend yield at 4.58%, compared with 0.00% for ATTR.

What is the main difference between ATTR and KMLM?

They also come from different issuers: Arin Risk Advisors and CICC. Their fees differ too: 0.63% for ATTR and 0.90% for KMLM.