KIQQ vs. KMLM
KIQQ (KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF) and KMLM (KFA Mount Lucas Index Strategy ETF) are both exchange-traded funds - KIQQ is a Derivative Income fund actively managed by KraneShares, while KMLM is a Systematic Trend fund tracking the KFA MLM Index. KIQQ is actively managed, while KMLM is passively managed. Their -0.17 correlation means they have often moved in opposite directions in the past. KIQQ charges 0.79%/yr vs 0.90%/yr for KMLM.
Performance
KIQQ vs. KMLM - Performance Comparison
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Returns By Period
KIQQ
- 1D
- 0.58%
- 1M
- -3.21%
- 6M
- 3.22%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
KMLM
- 1D
- 0.24%
- 1M
- 6.85%
- 6M
- 12.90%
- YTD
- 12.95%
- 1Y
- 18.19%
- 3Y*
- 0.08%
- 5Y*
- 5.77%
- 10Y*
- —
- ALL TIME*
- 7.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.11K | $10.88K | $6.12K | |
| $14.29M | $9.53M | $7.83M |
KIQQ vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF | 2.94% |
KMLM KFA Mount Lucas Index Strategy ETF | 10.81% |
Correlation
The correlation between KIQQ and KMLM is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026 | -0.17 |
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Return for Risk
KIQQ vs. KMLM — Risk / Return Rank
KIQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KMLM
KIQQ vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) 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.
| KIQQ | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.86 | — |
| Martin ratioReturn relative to average drawdown | — | 6.03 | — |
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Drawdowns
KIQQ vs. KMLM - Drawdown Comparison
The maximum KIQQ drawdown since its inception was -10.02%, smaller than the maximum KMLM drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for KIQQ and KMLM.
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Drawdown Indicators
| KIQQ | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.02% | -27.47% | +17.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.61% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.47% | — |
Current DrawdownCurrent decline from peak | -7.00% | -11.93% | +4.93% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -12.79% | +9.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.95% | — |
Volatility
KIQQ vs. KMLM - Volatility Comparison
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Volatility by Period
| KIQQ | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 11.49% | +5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 14.53% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 14.66% | +2.24% |
KIQQ vs. KMLM - Expense Ratio Comparison
KIQQ has a 0.79% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Dividends
KIQQ vs. KMLM - Dividend Comparison
KIQQ's dividend yield for the trailing twelve months is around 5.39%, more than KMLM's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF | 5.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.45% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% |
Frequently Asked Questions
KIQQ 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, KIQQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KIQQ is cheaper with a 0.79% expense ratio, compared with 0.90% for KMLM.
KIQQ has the higher dividend yield at 5.39%, compared with 4.45% for KMLM.
KIQQ is categorized as Derivative Income, while KMLM is Systematic Trend. Their fees differ too: 0.79% for KIQQ and 0.90% for KMLM.
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