KLMN vs. IUS

Last updated Jun 4, 2026

KLMN (Invesco MSCI North America Climate ETF) and IUS (Invesco RAFI Strategic US ETF) are both Large Cap Blend Equities funds from Invesco - KLMN tracks the MSCI Global Climate 500 North America Selection Index while IUS tracks the Invesco Strategic US Index. Both are passively managed. Over the past year, KLMN returned 27.74% vs 33.27% for IUS. Their correlation of 0.86 suggests significant overlap in exposure. KLMN charges 0.09%/yr vs 0.19%/yr for IUS.

Performance

KLMN vs. IUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI North America Climate ETF (KLMN) and Invesco RAFI Strategic US ETF (IUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLMN achieves a 10.80% return, which is significantly lower than IUS's 15.71% return.

KLMN

• 1D: -0.74%
• 1M: 5.01%
• YTD: 10.80%
• 6M: 10.80%
• 1Y: 27.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IUS

• 1D: -0.07%
• 1M: 4.89%
• YTD: 15.71%
• 6M: 15.69%
• 1Y: 33.27%
• 3Y*: 20.93%
• 5Y*: 13.61%
• 10Y*: —

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

KLMN vs. IUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KLMN Invesco MSCI North America Climate ETF	10.80%	18.24%	-3.62%
IUS Invesco RAFI Strategic US ETF	15.71%	16.94%	-3.64%

Correlation

The correlation between KLMN and IUS is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.86

The correlation between KLMN and IUS has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

Return for Risk

KLMN vs. IUS — Risk / Return Rank

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

KLMN

KLMN Risk / Return Rank: 70
KLMN Sharpe Ratio Rank: 71
KLMN Sortino Ratio Rank: 69
KLMN Omega Ratio Rank: 69
KLMN Calmar Ratio Rank: 64
KLMN Martin Ratio Rank: 75

IUS

IUS Risk / Return Rank: 91
IUS Sharpe Ratio Rank: 91
IUS Sortino Ratio Rank: 92
IUS Omega Ratio Rank: 90
IUS Calmar Ratio Rank: 89
IUS Martin Ratio Rank: 92

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.

KLMN vs. IUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI North America Climate ETF (KLMN) and Invesco RAFI Strategic US ETF (IUS). 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	IUS	Difference
Sharpe ratio Return per unit of total volatility	2.28	3.26	-0.98
Sortino ratio Return per unit of downside risk	3.12	4.53	-1.41
Omega ratio Gain probability vs. loss probability	1.41	1.60	-0.19
Calmar ratio Return relative to maximum drawdown	3.11	5.44	-2.33
Martin ratio Return relative to average drawdown	14.14	23.27	-9.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLMN vs. IUS - Sharpe Ratio Comparison

The current KLMN Sharpe Ratio is 2.28, which is lower than the IUS Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of KLMN and IUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KLMN	IUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	3.26	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.85	+0.13

Drawdowns

KLMN vs. IUS - Drawdown Comparison

The maximum KLMN drawdown since its inception was -19.16%, smaller than the maximum IUS drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for KLMN and IUS.

Drawdown Indicators

	KLMN	IUS	Difference
Max Drawdown Largest peak-to-trough decline	-19.16%	-34.67%	+15.51%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-6.15%	-2.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.72%	—
Current Drawdown Current decline from peak	-0.74%	-0.07%	-0.67%
Average Drawdown Average peak-to-trough decline	-2.54%	-3.86%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.43%	+0.54%

Volatility

KLMN vs. IUS - Volatility Comparison

Invesco MSCI North America Climate ETF (KLMN) has a higher volatility of 2.95% compared to Invesco RAFI Strategic US ETF (IUS) at 2.50%. This indicates that KLMN's price experiences larger fluctuations and is considered to be riskier than IUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLMN	IUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.50%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	7.41%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	10.26%	+1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.61%	15.00%	+2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.61%	18.04%	-0.43%

KLMN vs. IUS - Expense Ratio Comparison

KLMN has a 0.09% expense ratio, which is lower than IUS's 0.19% expense ratio. Despite the difference, 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. IUS - Dividend Comparison

KLMN's dividend yield for the trailing twelve months is around 1.28%, which matches IUS's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IUS Invesco RAFI Strategic US ETF	1.28%	1.48%	1.52%	1.72%	1.78%	1.46%	1.74%	1.77%	0.73%
KLMN Invesco MSCI North America Climate ETF	1.28%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLMN and IUS in my portfolio?

KLMN and IUS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KLMN or IUS?

KLMN has higher volatility (2.95%) compared to IUS (2.50%). In terms of maximum drawdown, KLMN dropped -19.16% vs IUS's -34.67%.

Which ETF is better, KLMN or IUS?

On 1-year performance, IUS leads with 33.27% vs 27.74% for KLMN. On fees, KLMN is cheaper at 0.09% per year. On volatility, IUS has been the lower-risk option at 2.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KLMN or IUS?

Over the 1-year period, IUS has performed better with a 33.27% return vs 27.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KLMN or IUS?

KLMN is cheaper with a 0.09% expense ratio, compared with 0.19% for IUS.

Which ETF pays a higher dividend yield, KLMN or IUS?

KLMN and IUS have nearly identical dividend yields, around 1.28%.

What is the main difference between KLMN and IUS?

KLMN tracks MSCI Global Climate 500 North America Selection Index, while IUS tracks Invesco Strategic US Index. Their fees differ too: 0.09% for KLMN and 0.19% for IUS.

Which has better risk-adjusted returns?

IUS currently has the higher Sharpe Ratio (3.26 vs 2.28), 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.