KLXY vs. KBUF

Last updated Jun 3, 2026

KLXY (Kraneshares Global Luxury Index ETF) and KBUF (KraneShares 90% KWEB Defined Outcome January 2026 ETF) are both exchange-traded funds - KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net, while KBUF is a Options Trading fund actively managed by KraneShares. KLXY is passively managed, while KBUF is actively managed. At a 0.36 correlation, their price movements are largely independent. KLXY charges 0.69%/yr vs 0.95%/yr for KBUF.

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.

Returns By Period

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KBUF

• 1D: 1.93%
• 1M: -1.24%
• YTD: -9.33%
• 6M: -10.07%
• 1Y: -0.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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	-9.33%	18.04%	16.58%

Correlation

The correlation between KLXY and KBUF is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Feb 9, 2024	0.36

The correlation between KLXY and KBUF shifts across timeframes, from 0.23 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

KLXY vs. KBUF - Sectors Allocation Comparison

Sectors	KLXY	KBUF
Consumer Cyclical	73.2%	38.4%
Consumer Defensive	21.8%	4.3%
Healthcare	4.9%	6.9%
Basic Materials	-	-
Communication Services	-	40.1%
Energy	-	-
Financial Services	-	2.0%
Industrials	-	-
Real Estate	-	4.8%
Technology	-	3.6%
Utilities	-	-

Return for Risk

KLXY vs. KBUF — Risk / Return Rank

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

KBUF

KBUF Risk / Return Rank: 8
KBUF Sharpe Ratio Rank: 8
KBUF Sortino Ratio Rank: 7
KBUF Omega Ratio Rank: 7
KBUF Calmar Ratio Rank: 8
KBUF Martin Ratio Rank: 8

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KLXY	KBUF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.71	—

Drawdowns

Drawdown Indicators

	KLXY	KBUF	Difference
Max Drawdown Largest peak-to-trough decline	—	-17.01%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.01%	—
Current Drawdown Current decline from peak	—	-14.68%	—
Average Drawdown Average peak-to-trough decline	—	-4.14%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.43%	—

Volatility

Volatility by Period

	KLXY	KBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.89%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.27%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.27%	—

KLXY vs. KBUF - Expense Ratio Comparison

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

Dividends

KLXY vs. KBUF - Dividend Comparison

KLXY's dividend yield for the trailing twelve months is around 0.85%, less than KBUF's 8.28% yield.

Position	TTM	2025	2024	2023
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	8.28%	7.51%	3.53%	0.00%
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%

Frequently Asked Questions

Can I hold both KLXY and KBUF in my portfolio?

KLXY and KBUF have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLXY or KBUF?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLXY or KBUF?

KLXY is cheaper with a 0.69% expense ratio, compared with 0.95% for KBUF.

Which ETF pays a higher dividend yield, KLXY or KBUF?

KBUF has the higher dividend yield at 8.28%, compared with 0.85% for KLXY.

What is the main difference between KLXY and KBUF?

KLXY is categorized as Consumer Discretionary Equities, while KBUF is Options Trading. Their fees differ too: 0.69% for KLXY and 0.95% for KBUF.