IB01.L vs. KMLM
IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) and KMLM (KFA Mount Lucas Index Strategy ETF) are both exchange-traded funds - IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while KMLM is a Systematic Trend fund tracking the KFA MLM Index. Both are passively managed. Over the past 5 years, IB01.L returned 3.23%/yr vs 4.15%/yr for KMLM. At a correlation of -0.14, they often move in opposite directions. IB01.L charges 0.07%/yr vs 0.90%/yr for KMLM.
Performance
IB01.L vs. KMLM - Performance Comparison
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Returns By Period
In the year-to-date period, IB01.L achieves a 1.56% return, which is significantly lower than KMLM's 7.90% return.
IB01.L
- 1D
- 0.03%
- 1M
- 0.28%
- YTD
- 1.56%
- 6M
- 1.77%
- 1Y
- 3.96%
- 3Y*
- 4.71%
- 5Y*
- 3.23%
- 10Y*
- —
KMLM
- 1D
- -0.39%
- 1M
- -6.17%
- YTD
- 7.90%
- 6M
- 9.07%
- 1Y
- 12.79%
- 3Y*
- -0.78%
- 5Y*
- 4.15%
- 10Y*
- —
IB01.L vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.56% | 4.34% | 5.25% | 4.92% | 1.08% | -0.85% | -0.00% |
KMLM KFA Mount Lucas Index Strategy ETF | 7.90% | -2.98% | -1.69% | -5.66% | 30.61% | 7.04% | 5.74% |
Correlation
The correlation between IB01.L and KMLM is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2020 | -0.14 |
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Return for Risk
IB01.L vs. KMLM — Risk / Return Rank
IB01.L
KMLM
IB01.L vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) 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.
| IB01.L | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.79 | ||
| Sortino ratioReturn per unit of downside risk | +35.21 | ||
| Omega ratioGain probability vs. loss probability | 7.99 | 1.20 | +6.78 |
| Calmar ratioReturn relative to maximum drawdown | 114.79 | 1.79 | +113.01 |
| Martin ratioReturn relative to average drawdown | 574.12 | 6.05 | +568.07 |
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Drawdowns
IB01.L vs. KMLM - Drawdown Comparison
The maximum IB01.L drawdown since its inception was -1.28%, smaller than the maximum KMLM drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for IB01.L and KMLM.
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Drawdown Indicators
| IB01.L | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.28% | -27.47% | +26.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -7.19% | +7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -22.28% | +22.19% |
Max Drawdown (5Y)Largest decline over 5 years | -1.15% | -27.47% | +26.32% |
Current DrawdownCurrent decline from peak | 0.00% | -15.87% | +15.87% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -12.74% | +12.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.12% | -2.11% |
Volatility
IB01.L vs. KMLM - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) is 0.09%, while KFA Mount Lucas Index Strategy ETF (KMLM) has a volatility of 3.31%. This indicates that IB01.L experiences smaller price fluctuations and is considered to be less risky than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IB01.L | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 3.31% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 0.23% | 9.74% | -9.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.33% | 11.47% | -11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.54% | 14.62% | -14.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.79% | 14.70% | -13.91% |
IB01.L vs. KMLM - Expense Ratio Comparison
IB01.L has a 0.07% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Dividends
IB01.L vs. KMLM - Dividend Comparison
IB01.L has not paid dividends to shareholders, while KMLM's dividend yield for the trailing twelve months is around 4.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.66% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% |
Frequently Asked Questions
IB01.L and KMLM have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.90% for KMLM.
IB01.L is categorized as Government Bonds, while KMLM is Systematic Trend. IB01.L tracks ICE U.S. Treasury Short Bond Index, while KMLM tracks KFA MLM Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.07% for IB01.L and 0.90% for KMLM.
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