KLXY vs. KMLI

Last updated Jun 3, 2026

KLXY (Kraneshares Global Luxury Index ETF) and KMLI (KraneShares 2x Long MELI Daily ETF) are both exchange-traded funds - KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net, while KMLI is a Leveraged Equities fund actively managed by KraneShares. KLXY is passively managed, while KMLI is actively managed. At a 0.10 correlation, their price movements are largely independent. KLXY charges 0.69%/yr vs 1.26%/yr for KMLI.

Performance

KLXY vs. KMLI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kraneshares Global Luxury Index ETF (KLXY) and KraneShares 2x Long MELI Daily ETF (KMLI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KLXY

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

KMLI

• 1D: -6.84%
• 1M: -21.74%
• YTD: -40.20%
• 6M: -46.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLXY vs. KMLI - Yearly Performance Comparison

	2026 (YTD)	2025
KLXY Kraneshares Global Luxury Index ETF	-0.86%	11.67%
KMLI KraneShares 2x Long MELI Daily ETF	-40.20%	-37.98%

Correlation

The correlation between KLXY and KMLI is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.10

KLXY vs. KMLI - Sectors Allocation Comparison

Sectors	KLXY	KMLI
Consumer Cyclical	73.2%	100.0%
Consumer Defensive	21.8%	-
Healthcare	4.9%	-
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

KLXY vs. KMLI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kraneshares Global Luxury Index ETF (KLXY) and KraneShares 2x Long MELI Daily ETF (KMLI). 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	KMLI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.81	—

Drawdowns

Drawdown Indicators

	KLXY	KMLI	Difference
Max Drawdown Largest peak-to-trough decline	—	-73.23%	—
Current Drawdown Current decline from peak	—	-69.22%	—
Average Drawdown Average peak-to-trough decline	—	-40.78%	—

Volatility

Volatility by Period

	KLXY	KMLI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	79.48%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	79.48%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	79.48%	—

KLXY vs. KMLI - Expense Ratio Comparison

KLXY has a 0.69% expense ratio, which is lower than KMLI's 1.26% expense ratio.

Dividends

KLXY vs. KMLI - Dividend Comparison

KLXY's dividend yield for the trailing twelve months is around 0.85%, less than KMLI's 17.77% yield.

Position	TTM	2025	2024	2023
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%
KMLI KraneShares 2x Long MELI Daily ETF	17.77%	10.63%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLXY and KMLI in my portfolio?

KLXY and KMLI have a correlation of 0.10, 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 KMLI?

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 KMLI?

KLXY is cheaper with a 0.69% expense ratio, compared with 1.26% for KMLI.

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

KMLI has the higher dividend yield at 17.77%, compared with 0.85% for KLXY.

What is the main difference between KLXY and KMLI?

KLXY is categorized as Consumer Discretionary Equities, while KMLI is Leveraged Equities. Their fees differ too: 0.69% for KLXY and 1.26% for KMLI.