KLMN vs. ITOT
KLMN (Invesco MSCI North America Climate ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds - KLMN tracks the MSCI Global Climate 500 North America Selection Index while ITOT tracks the S&P Total Market Index. Both are passively managed. Over the past year, KLMN returned 26.10% vs 25.86% for ITOT. With a 0.98 correlation, they move nearly in lockstep. KLMN charges 0.09%/yr vs 0.03%/yr for ITOT.
Performance
KLMN vs. ITOT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with KLMN having a 8.89% return and ITOT slightly lower at 8.76%.
KLMN
- 1D
- -2.17%
- 1M
- 0.91%
- YTD
- 8.89%
- 6M
- 8.64%
- 1Y
- 26.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITOT
- 1D
- -2.71%
- 1M
- 0.38%
- YTD
- 8.76%
- 6M
- 8.31%
- 1Y
- 25.86%
- 3Y*
- 21.07%
- 5Y*
- 12.18%
- 10Y*
- 14.67%
KLMN vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KLMN Invesco MSCI North America Climate ETF | 8.89% | 18.24% | -3.62% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 8.76% | 17.00% | -3.67% |
Correlation
The correlation between KLMN and ITOT is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.98 |
The correlation between KLMN and ITOT has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
KLMN vs. ITOT — Risk / Return Rank
KLMN
ITOT
KLMN vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI North America Climate ETF (KLMN) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.
| KLMN | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.92 | +0.01 |
| Martin ratioReturn relative to average drawdown | 13.26 | 13.34 | -0.08 |
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
| KLMN | ITOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.08 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.57 | +0.33 |
Drawdowns
KLMN vs. ITOT - Drawdown Comparison
The maximum KLMN drawdown since its inception was -19.16%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for KLMN and ITOT.
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Drawdown Indicators
| KLMN | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -55.20% | +36.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -8.90% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -2.46% | -2.95% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -6.97% | +4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.94% | +0.03% |
Volatility
KLMN vs. ITOT - Volatility Comparison
The current volatility for Invesco MSCI North America Climate ETF (KLMN) is 3.49%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 3.93%. This indicates that KLMN experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KLMN | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 3.93% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 9.56% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.43% | 12.51% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 17.39% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 18.28% | -0.62% |
KLMN vs. ITOT - Expense Ratio Comparison
KLMN has a 0.09% expense ratio, which is higher than ITOT's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
KLMN vs. ITOT - Dividend Comparison
KLMN's dividend yield for the trailing twelve months is around 1.30%, more than ITOT's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.00% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
KLMN Invesco MSCI North America Climate ETF | 1.30% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, KLMN and ITOT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ITOT has higher volatility (3.93%) compared to KLMN (3.49%). In terms of maximum drawdown, KLMN dropped -19.16% vs ITOT's -55.20%.
On 1-year performance, KLMN leads with 26.10% vs 25.86% for ITOT. On fees, ITOT is cheaper at 0.03% per year. On volatility, KLMN has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KLMN has performed better with a 26.10% return vs 25.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITOT is cheaper with a 0.03% expense ratio, compared with 0.09% for KLMN.
KLMN has the higher dividend yield at 1.30%, compared with 1.00% for ITOT.
KLMN tracks MSCI Global Climate 500 North America Selection Index, while ITOT tracks S&P Total Market Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.09% for KLMN and 0.03% for ITOT.
KLMN currently has the higher Sharpe Ratio (2.11 vs 2.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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