KEUA vs. KLXY
KEUA (KraneShares European Carbon Allowance Strategy ETF) and KLXY (Kraneshares Global Luxury Index ETF) are both exchange-traded funds - KEUA is a Commodities fund tracking the S&P Carbon Credit EUA Index, while KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net. Both are passively managed. At a 0.13 correlation, their price movements are largely independent. KEUA charges 0.87%/yr vs 0.69%/yr for KLXY.
Performance
KEUA vs. KLXY - Performance Comparison
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Returns By Period
KEUA
- 1D
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- 1M
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- YTD
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- 6M
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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KLXY
- 1D
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- 1M
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- YTD
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- 6M
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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KEUA vs. KLXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KEUA KraneShares European Carbon Allowance Strategy ETF | -19.02% | 32.81% | -14.52% | -3.07% |
KLXY Kraneshares Global Luxury Index ETF | -0.86% | 13.69% | -6.39% | 2.48% |
Correlation
The correlation between KEUA and KLXY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023 | 0.13 |
The correlation between KEUA and KLXY shifts across timeframes, from 0.13 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KEUA vs. KLXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares European Carbon Allowance Strategy ETF (KEUA) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
KEUA vs. KLXY - Drawdown Comparison
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Volatility
KEUA vs. KLXY - Volatility Comparison
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KEUA vs. KLXY - Expense Ratio Comparison
KEUA has a 0.87% expense ratio, which is higher than KLXY's 0.69% expense ratio.
Dividends
KEUA vs. KLXY - Dividend Comparison
KEUA's dividend yield for the trailing twelve months is around 2.83%, more than KLXY's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
KEUA KraneShares European Carbon Allowance Strategy ETF | 2.83% | 2.29% | 7.71% | 5.67% |
KLXY Kraneshares Global Luxury Index ETF | 0.85% | 0.84% | 0.74% | 0.15% |
Frequently Asked Questions
KEUA and KLXY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
KLXY is cheaper with a 0.69% expense ratio, compared with 0.87% for KEUA.
KEUA has the higher dividend yield at 2.83%, compared with 0.85% for KLXY.
KEUA is categorized as Commodities, while KLXY is Consumer Discretionary Equities. KEUA tracks S&P Carbon Credit EUA Index, while KLXY tracks Solactive Global Luxury Index - Benchmark TR Net. Their fees differ too: 0.87% for KEUA and 0.69% for KLXY.
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