KBA vs. KMLM
Compare and contrast key facts about KraneShares Bosera MSCI China A Share ETF (KBA) and KFA Mount Lucas Index Strategy ETF (KMLM).
KBA and KMLM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBA is a passively managed fund by CICC that tracks the performance of the MSCI China A Index. It was launched on Mar 5, 2014. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020.
Performance
KBA vs. KMLM - Performance Comparison
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KBA vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | -2.07% | 33.88% | 15.73% | -16.77% | -3.49% | 3.17% | 4.26% |
KMLM KFA Mount Lucas Index Strategy ETF | 8.67% | -2.98% | -1.69% | -5.66% | 30.61% | 7.04% | 5.40% |
Returns By Period
In the year-to-date period, KBA achieves a -2.07% return, which is significantly lower than KMLM's 8.67% return.
KBA
- 1D
- 1.99%
- 1M
- -1.37%
- YTD
- -2.07%
- 6M
- 2.24%
- 1Y
- 30.16%
- 3Y*
- 7.43%
- 5Y*
- 5.20%
- 10Y*
- 8.14%
KMLM
- 1D
- -0.28%
- 1M
- 4.21%
- YTD
- 8.67%
- 6M
- 10.01%
- 1Y
- 8.60%
- 3Y*
- 0.44%
- 5Y*
- 5.63%
- 10Y*
- —
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KBA vs. KMLM - Expense Ratio Comparison
KBA has a 0.60% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Return for Risk
KBA vs. KMLM — Risk / Return Rank
KBA
KMLM
KBA vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) 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.
| KBA | KMLM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 0.88 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.27 | +0.93 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.16 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.13 | +1.40 |
Martin ratioReturn relative to average drawdown | 10.01 | 3.31 | +6.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KBA | KMLM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 0.88 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.39 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.49 | -0.17 |
Correlation
The correlation between KBA and KMLM is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
KBA vs. KMLM - Dividend Comparison
KBA's dividend yield for the trailing twelve months is around 1.60%, less than KMLM's 4.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | 1.60% | 1.56% | 2.18% | 2.34% | 49.05% | 9.07% | 0.65% | 1.53% | 3.77% | 1.46% | 6.62% | 29.08% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.62% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KBA vs. KMLM - Drawdown Comparison
The maximum KBA drawdown since its inception was -53.24%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for KBA and KMLM.
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Drawdown Indicators
| KBA | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -27.47% | -25.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -6.73% | -4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -40.42% | -27.47% | -12.95% |
Max Drawdown (10Y)Largest decline over 10 years | -45.32% | — | — |
Current DrawdownCurrent decline from peak | -5.08% | -15.27% | +10.19% |
Average DrawdownAverage peak-to-trough decline | -26.15% | -12.73% | -13.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.41% | +0.60% |
Volatility
KBA vs. KMLM - Volatility Comparison
KraneShares Bosera MSCI China A Share ETF (KBA) has a higher volatility of 5.63% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 4.05%. This indicates that KBA'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.
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Volatility by Period
| KBA | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 4.05% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 7.22% | +4.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 9.84% | +8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.07% | 14.57% | +12.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.28% | 14.67% | +10.61% |