KBUF vs. KLXY

Last updated Jun 4, 2026

KBUF (KraneShares 90% KWEB Defined Outcome January 2026 ETF) and KLXY (Kraneshares Global Luxury Index ETF) are both exchange-traded funds - KBUF is a Options Trading fund actively managed by KraneShares, while KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net. KBUF is actively managed, while KLXY is passively managed. At a 0.36 correlation, their price movements are largely independent. KBUF charges 0.95%/yr vs 0.69%/yr for KLXY.

Performance

KBUF vs. KLXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) and Kraneshares Global Luxury Index ETF (KLXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KBUF

• 1D: -2.36%
• 1M: -3.27%
• YTD: -11.47%
• 6M: -11.63%
• 1Y: -3.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBUF vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	-11.47%	18.04%	16.58%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-7.76%

Correlation

The correlation between KBUF and KLXY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Feb 9, 2024	0.36

The correlation between KBUF and KLXY shifts across timeframes, from 0.23 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

KBUF vs. KLXY - Sectors Allocation Comparison

Sectors	KBUF	KLXY
Communication Services	40.1%	-
Consumer Cyclical	38.4%	73.2%
Healthcare	6.9%	4.9%
Real Estate	4.8%	-
Consumer Defensive	4.3%	21.8%
Technology	3.6%	-
Financial Services	2.0%	-
Basic Materials	-	-
Energy	-	-
Industrials	-	-
Utilities	-	-

Return for Risk

KBUF vs. KLXY — Risk / Return Rank

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

KBUF

KBUF Risk / Return Rank: 6
KBUF Sharpe Ratio Rank: 6
KBUF Sortino Ratio Rank: 6
KBUF Omega Ratio Rank: 6
KBUF Calmar Ratio Rank: 7
KBUF Martin Ratio Rank: 7

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.

KBUF vs. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) and Kraneshares Global Luxury Index ETF (KLXY). 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.

	KBUF	KLXY	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	—	—
Sortino ratio: Return per unit of downside risk	-0.25	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.18	—	—
Martin ratio: Return relative to average drawdown	-0.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KBUF	KLXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	—	—

Drawdowns

Drawdown Indicators

	KBUF	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-17.01%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.01%	—	—
Current Drawdown Current decline from peak	-16.70%	—	—
Average Drawdown Average peak-to-trough decline	-4.16%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.50%	—	—

Volatility

Volatility by Period

	KBUF	KLXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.35%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.35%	—	—

KBUF vs. KLXY - Expense Ratio Comparison

KBUF has a 0.95% expense ratio, which is higher than KLXY's 0.69% expense ratio.

Dividends

KBUF vs. KLXY - Dividend Comparison

KBUF's dividend yield for the trailing twelve months is around 8.49%, more than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	8.49%	7.51%	3.53%	0.00%
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%

Frequently Asked Questions

Can I hold both KBUF and KLXY in my portfolio?

KBUF and KLXY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KBUF or KLXY?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KBUF or KLXY?

KLXY is cheaper with a 0.69% expense ratio, compared with 0.95% for KBUF.

Which ETF pays a higher dividend yield, KBUF or KLXY?

KBUF has the higher dividend yield at 8.49%, compared with 0.85% for KLXY.

What is the main difference between KBUF and KLXY?

KBUF is categorized as Options Trading, while KLXY is Consumer Discretionary Equities. Their fees differ too: 0.95% for KBUF and 0.69% for KLXY.