KLXY vs. KBUF

Last updated Apr 2, 2026

Compare and contrast key facts about Kraneshares Global Luxury Index ETF (KLXY) and KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF).

KLXY and KBUF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KLXY is a passively managed fund by KraneShares that tracks the performance of the Solactive Global Luxury Index - Benchmark TR Net. It was launched on Sep 6, 2023. KBUF is an actively managed fund by KraneShares. It was launched on Feb 7, 2024.

Performance

KLXY vs. KBUF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kraneshares Global Luxury Index ETF (KLXY) and KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF). The values are adjusted to include any dividend payments, if applicable.

KLXY vs. KBUF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-7.76%
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	-8.35%	18.04%	16.58%

Returns By Period

In the year-to-date period, KLXY achieves a -0.86% return, which is significantly higher than KBUF's -8.35% return.

KLXY

• 1D: 0.00%
• 1M: -1.10%
• YTD: -0.86%
• 6M: 3.14%
• 1Y: 15.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KBUF

• 1D: -0.32%
• 1M: -3.89%
• YTD: -8.35%
• 6M: -13.25%
• 1Y: -0.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLXY vs. KBUF - Expense Ratio Comparison

KLXY has a 0.69% expense ratio, which is lower than KBUF's 0.95% expense ratio.

KBUF

KraneShares 90% KWEB Defined Outcome January 2026 ETF

KLXY

Kraneshares Global Luxury Index ETF

Return for Risk

KLXY vs. KBUF — Risk / Return Rank

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

KLXY

KLXY Risk / Return Rank: 26
KLXY Sharpe Ratio Rank: 26
KLXY Sortino Ratio Rank: 28
KLXY Omega Ratio Rank: 25
KLXY Calmar Ratio Rank: 25
KLXY Martin Ratio Rank: 27

KBUF

KBUF Risk / Return Rank: 11
KBUF Sharpe Ratio Rank: 11
KBUF Sortino Ratio Rank: 10
KBUF Omega Ratio Rank: 10
KBUF Calmar Ratio Rank: 12
KBUF Martin Ratio Rank: 12

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.

KLXY vs. KBUF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kraneshares Global Luxury Index ETF (KLXY) and KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF). 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.

	KLXY	KBUF	Difference
Sharpe ratio Return per unit of total volatility	0.50	-0.02	+0.52
Sortino ratio Return per unit of downside risk	0.88	0.06	+0.83
Omega ratio Gain probability vs. loss probability	1.11	1.01	+0.10
Calmar ratio Return relative to maximum drawdown	0.63	-0.00	+0.63
Martin ratio Return relative to average drawdown	2.48	-0.01	+2.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLXY vs. KBUF - Sharpe Ratio Comparison

The current KLXY Sharpe Ratio is 0.50, which is higher than the KBUF Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of KLXY and KBUF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KLXY	KBUF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	-0.02	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.82	-0.67

Correlation

The correlation between KLXY and KBUF is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KLXY vs. KBUF - Dividend Comparison

KLXY's dividend yield for the trailing twelve months is around 0.85%, less than KBUF's 8.20% yield.

	TTM	2025	2024	2023
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	8.20%	7.51%	3.53%	0.00%

Drawdowns

KLXY vs. KBUF - Drawdown Comparison

The maximum KLXY drawdown since its inception was -26.57%, which is greater than KBUF's maximum drawdown of -14.55%. Use the drawdown chart below to compare losses from any high point for KLXY and KBUF.

Drawdown Indicators

	KLXY	KBUF	Difference
Max Drawdown Largest peak-to-trough decline	-26.57%	-14.55%	-12.02%
Max Drawdown (1Y) Largest decline over 1 year	-14.06%	-14.55%	+0.49%
Current Drawdown Current decline from peak	-3.20%	-13.76%	+10.56%
Average Drawdown Average peak-to-trough decline	-8.13%	-3.39%	-4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	4.92%	-0.85%

Volatility

KLXY vs. KBUF - Volatility Comparison

The current volatility for Kraneshares Global Luxury Index ETF (KLXY) is 3.97%, while KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) has a volatility of 4.42%. This indicates that KLXY experiences smaller price fluctuations and is considered to be less risky than KBUF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLXY	KBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	4.42%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	12.89%	9.20%	+3.69%
Volatility (1Y) Calculated over the trailing 1-year period	23.28%	12.87%	+10.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.80%	14.07%	+6.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.80%	14.07%	+6.73%