KLXY vs. KSPY
Compare and contrast key facts about Kraneshares Global Luxury Index ETF (KLXY) and Kraneshares Hedgeye Hedged Equity Index ETF (KSPY).
KLXY and KSPY 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. KSPY is a passively managed fund by KraneShares that tracks the performance of the Hedgeye Hedged Equity Index. It was launched on Jul 15, 2024. Both KLXY and KSPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KLXY vs. KSPY - Performance Comparison
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KLXY vs. KSPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KLXY Kraneshares Global Luxury Index ETF | -0.86% | 13.69% | -0.87% |
KSPY Kraneshares Hedgeye Hedged Equity Index ETF | -0.11% | 13.89% | 3.43% |
Returns By Period
In the year-to-date period, KLXY achieves a -0.86% return, which is significantly lower than KSPY's -0.11% return.
KLXY
- 1D
- 0.00%
- 1M
- -1.10%
- YTD
- -0.86%
- 6M
- 3.14%
- 1Y
- 15.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KSPY
- 1D
- 2.05%
- 1M
- -2.49%
- YTD
- -0.11%
- 6M
- 2.60%
- 1Y
- 14.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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KLXY vs. KSPY - Expense Ratio Comparison
KLXY has a 0.69% expense ratio, which is lower than KSPY's 0.78% expense ratio.
Return for Risk
KLXY vs. KSPY — Risk / Return Rank
KLXY
KSPY
KLXY vs. KSPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kraneshares Global Luxury Index ETF (KLXY) and Kraneshares Hedgeye Hedged Equity Index ETF (KSPY). 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 | KSPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 1.25 | -0.75 |
Sortino ratioReturn per unit of downside risk | 0.88 | 1.89 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.34 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.87 | -1.25 |
Martin ratioReturn relative to average drawdown | 2.48 | 11.16 | -8.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KLXY | KSPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 1.25 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.92 | -0.76 |
Correlation
The correlation between KLXY and KSPY is 0.48, 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
KLXY vs. KSPY - Dividend Comparison
KLXY's dividend yield for the trailing twelve months is around 0.85%, less than KSPY's 6.17% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KLXY Kraneshares Global Luxury Index ETF | 0.85% | 0.84% | 0.74% | 0.15% |
KSPY Kraneshares Hedgeye Hedged Equity Index ETF | 6.17% | 6.16% | 1.31% | 0.00% |
Drawdowns
KLXY vs. KSPY - Drawdown Comparison
The maximum KLXY drawdown since its inception was -26.57%, which is greater than KSPY's maximum drawdown of -11.67%. Use the drawdown chart below to compare losses from any high point for KLXY and KSPY.
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Drawdown Indicators
| KLXY | KSPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.57% | -11.67% | -14.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -8.00% | -6.06% |
Current DrawdownCurrent decline from peak | -3.20% | -2.51% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -1.28% | -6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 1.34% | +2.73% |
Volatility
KLXY vs. KSPY - Volatility Comparison
Kraneshares Global Luxury Index ETF (KLXY) and Kraneshares Hedgeye Hedged Equity Index ETF (KSPY) have volatilities of 3.97% and 4.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KLXY | KSPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 4.03% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 6.24% | +6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.28% | 11.92% | +11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 10.98% | +9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.80% | 10.98% | +9.82% |