KLMT vs. INKM

Last updated Apr 4, 2026

Compare and contrast key facts about Invesco MSCI Global Climate 500 ETF (KLMT) and SPDR SSgA Income Allocation ETF (INKM).

KLMT and INKM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KLMT is a passively managed fund by Invesco that tracks the performance of the MSCI ACWI Select Climate 500 Index. It was launched on Jun 26, 2024. INKM is an actively managed fund by State Street. It was launched on Apr 25, 2012.

Performance

KLMT vs. INKM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Global Climate 500 ETF (KLMT) and SPDR SSgA Income Allocation ETF (INKM). The values are adjusted to include any dividend payments, if applicable.

KLMT vs. INKM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KLMT Invesco MSCI Global Climate 500 ETF	-1.54%	21.31%	4.94%
INKM SPDR SSgA Income Allocation ETF	2.86%	11.86%	4.52%

Returns By Period

In the year-to-date period, KLMT achieves a -1.54% return, which is significantly lower than INKM's 2.86% return.

KLMT

• 1D: -0.19%
• 1M: -3.77%
• YTD: -1.54%
• 6M: 0.14%
• 1Y: 24.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

INKM

• 1D: 0.37%
• 1M: -2.15%
• YTD: 2.86%
• 6M: 3.70%
• 1Y: 12.06%
• 3Y*: 8.88%
• 5Y*: 4.20%
• 10Y*: 5.55%

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

KLMT vs. INKM - Expense Ratio Comparison

KLMT has a 0.10% expense ratio, which is lower than INKM's 0.50% expense ratio.

INKM

SPDR SSgA Income Allocation ETF

KLMT

Invesco MSCI Global Climate 500 ETF

Return for Risk

KLMT vs. INKM — Risk / Return Rank

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

KLMT

KLMT Risk / Return Rank: 59
KLMT Sharpe Ratio Rank: 59
KLMT Sortino Ratio Rank: 62
KLMT Omega Ratio Rank: 63
KLMT Calmar Ratio Rank: 50
KLMT Martin Ratio Rank: 60

INKM

INKM Risk / Return Rank: 70
INKM Sharpe Ratio Rank: 74
INKM Sortino Ratio Rank: 74
INKM Omega Ratio Rank: 75
INKM Calmar Ratio Rank: 60
INKM Martin Ratio Rank: 67

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.

KLMT vs. INKM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Climate 500 ETF (KLMT) and SPDR SSgA Income Allocation ETF (INKM). 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.

	KLMT	INKM	Difference
Sharpe ratio Return per unit of total volatility	1.10	1.40	-0.30
Sortino ratio Return per unit of downside risk	1.66	1.98	-0.32
Omega ratio Gain probability vs. loss probability	1.25	1.29	-0.05
Calmar ratio Return relative to maximum drawdown	1.66	1.94	-0.28
Martin ratio Return relative to average drawdown	7.52	8.50	-0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLMT vs. INKM - Sharpe Ratio Comparison

The current KLMT Sharpe Ratio is 1.10, which is comparable to the INKM Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of KLMT and INKM, 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

	KLMT	INKM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	1.40	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.56	+0.30

Correlation

The correlation between KLMT and INKM is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

KLMT vs. INKM - Dividend Comparison

KLMT's dividend yield for the trailing twelve months is around 1.99%, less than INKM's 4.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLMT Invesco MSCI Global Climate 500 ETF	1.99%	1.95%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
INKM SPDR SSgA Income Allocation ETF	4.99%	5.82%	4.83%	4.56%	5.03%	3.74%	3.88%	4.38%	4.08%	3.10%	3.39%	3.45%

Drawdowns

KLMT vs. INKM - Drawdown Comparison

The maximum KLMT drawdown since its inception was -16.87%, smaller than the maximum INKM drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for KLMT and INKM.

Drawdown Indicators

	KLMT	INKM	Difference
Max Drawdown Largest peak-to-trough decline	-16.87%	-28.58%	+11.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-4.55%	-4.99%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.58%	—
Current Drawdown Current decline from peak	-6.01%	-2.85%	-3.16%
Average Drawdown Average peak-to-trough decline	-2.01%	-3.73%	+1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.31%	+1.35%

Volatility

KLMT vs. INKM - Volatility Comparison

Invesco MSCI Global Climate 500 ETF (KLMT) has a higher volatility of 6.06% compared to SPDR SSgA Income Allocation ETF (INKM) at 2.98%. This indicates that KLMT's price experiences larger fluctuations and is considered to be riskier than INKM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLMT	INKM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	2.98%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	4.62%	+5.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.54%	7.83%	+9.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	8.30%	+7.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	9.77%	+6.24%