COPY vs. KNO

Last updated Aug 6, 2026

COPY (Tweedy, Browne Insider + Value ETF) and KNO (AXS Knowledge Leaders ETF) are both Global Equities funds. Both are actively managed. Over the past year, COPY returned 35.43% vs 32.48% for KNO. Their 0.74 correlation means they have sometimes moved together and sometimes differently. COPY charges 0.80%/yr vs 0.84%/yr for KNO.

Performance

COPY vs. KNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne Insider + Value ETF (COPY) and AXS Knowledge Leaders ETF (KNO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPY achieves a 22.09% return, which is significantly lower than KNO's 25.64% return.

COPY

• 1D: -0.69%
• 1M: 4.58%
• 6M: 12.42%
• YTD: 22.09%
• 1Y: 35.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.10%

KNO

• 1D: 0.37%
• 1M: 1.71%
• 6M: 17.68%
• YTD: 25.64%
• 1Y: 32.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.54%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COPY Tweedy, Browne Insider + Value ETF	$3.27M	$2.45M	$2.05M
KNO AXS Knowledge Leaders ETF	$33.95K	$26.25K	$36.90K

COPY vs. KNO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COPY Tweedy, Browne Insider + Value ETF	22.09%	29.52%	0.05%
KNO AXS Knowledge Leaders ETF	25.64%	19.84%	-1.11%

Correlation

The correlation between COPY and KNO is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024	0.74

The correlation between COPY and KNO has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

Return for Risk

COPY vs. KNO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

COPY

COPY Risk / Return Rank: 92
COPY Sharpe Ratio Rank: 93
COPY Sortino Ratio Rank: 94
COPY Omega Ratio Rank: 92
COPY Calmar Ratio Rank: 88
COPY Martin Ratio Rank: 91

KNO

KNO Risk / Return Rank: 70
KNO Sharpe Ratio Rank: 69
KNO Sortino Ratio Rank: 69
KNO Omega Ratio Rank: 70
KNO Calmar Ratio Rank: 70
KNO Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COPY vs. KNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne Insider + Value ETF (COPY) and AXS Knowledge Leaders ETF (KNO). 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.

	COPY	KNO	Difference
Sharpe ratio: Return per unit of total volatility	2.70	1.81	+0.89
Sortino ratio: Return per unit of downside risk	3.89	2.56	+1.33
Omega ratio: Gain probability vs. loss probability	1.48	1.33	+0.15
Calmar ratio: Return relative to maximum drawdown	3.93	2.80	+1.13
Martin ratio: Return relative to average drawdown	16.08	10.14	+5.94

COPY vs. KNO - Sharpe Ratio Comparison

The current COPY Sharpe Ratio is 2.70, which is higher than the KNO Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of COPY and KNO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COPY vs. KNO - Drawdown Comparison

The maximum COPY drawdown since its inception was -14.05%, smaller than the maximum KNO drawdown of -15.50%. Use the drawdown chart below to compare losses from any high point for COPY and KNO.

Drawdown Indicators

	COPY	KNO	Difference
Max Drawdown Largest peak-to-trough decline	-14.05%	-15.50%	+1.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.07%	-11.67%	+2.60%
Current Drawdown Current decline from peak	-0.69%	-1.08%	+0.39%
Average Drawdown Average peak-to-trough decline	-1.48%	-2.99%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	3.21%	-1.00%

Volatility

COPY vs. KNO - Volatility Comparison

The current volatility for Tweedy, Browne Insider + Value ETF (COPY) is 3.92%, while AXS Knowledge Leaders ETF (KNO) has a volatility of 5.14%. This indicates that COPY experiences smaller price fluctuations and is considered to be less risky than KNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPY	KNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	5.14%	-1.22%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	16.18%	-5.94%
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	18.00%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.93%	17.41%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	17.41%	-0.48%

COPY vs. KNO - Expense Ratio Comparison

COPY has a 0.80% expense ratio, which is lower than KNO's 0.84% expense ratio.

Dividends

COPY vs. KNO - Dividend Comparison

COPY's dividend yield for the trailing twelve months is around 0.78%, less than KNO's 0.86% yield.

Position	TTM	2025	2024
COPY Tweedy, Browne Insider + Value ETF	0.78%	0.95%	0.00%
KNO AXS Knowledge Leaders ETF	0.86%	1.08%	3.13%

Frequently Asked Questions

Can I hold both COPY and KNO in my portfolio?

COPY and KNO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COPY or KNO?

KNO has higher volatility (5.14%) compared to COPY (3.92%). In terms of maximum drawdown, COPY dropped -14.05% vs KNO's -15.50%.

Which ETF is better, COPY or KNO?

On 1-year performance, COPY leads with 35.43% vs 32.48% for KNO. On fees, COPY is cheaper at 0.80% per year. On volatility, COPY has been the lower-risk option at 3.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COPY or KNO?

Over the 1-year period, COPY has performed better with a 35.43% return vs 32.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COPY or KNO?

COPY is cheaper with a 0.80% expense ratio, compared with 0.84% for KNO.

Which ETF pays a higher dividend yield, COPY or KNO?

KNO has the higher dividend yield at 0.86%, compared with 0.78% for COPY.

What is the main difference between COPY and KNO?

They also come from different issuers: Tweedy, Browne and AXS. Their fees differ too: 0.80% for COPY and 0.84% for KNO.

Which has better risk-adjusted returns?

COPY currently has the higher Sharpe Ratio (2.70 vs 1.81), 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.