KLXY vs. PEZ

Last updated Jun 3, 2026

KLXY (Kraneshares Global Luxury Index ETF) and PEZ (Invesco DWA Consumer Cyclicals Momentum ETF) are both exchange-traded funds - KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net, while PEZ is a Momentum fund tracking the DWA Consumer Cyclicals Technical Leaders Index. Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. KLXY charges 0.69%/yr vs 0.60%/yr for PEZ.

Performance

KLXY vs. PEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kraneshares Global Luxury Index ETF (KLXY) and Invesco DWA Consumer Cyclicals Momentum ETF (PEZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KLXY

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

PEZ

• 1D: -0.28%
• 1M: -1.77%
• YTD: -4.66%
• 6M: 0.31%
• 1Y: 5.29%
• 3Y*: 14.66%
• 5Y*: 2.46%
• 10Y*: 9.41%

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

KLXY vs. PEZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%
PEZ Invesco DWA Consumer Cyclicals Momentum ETF	-4.66%	5.40%	20.06%	19.32%

Correlation

The correlation between KLXY and PEZ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.56

The correlation between KLXY and PEZ has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.

KLXY vs. PEZ - Sectors Allocation Comparison

Sectors	KLXY	PEZ
Consumer Cyclical	73.2%	66.0%
Consumer Defensive	21.8%	8.7%
Healthcare	4.9%	6.9%
Basic Materials	-	-
Communication Services	-	11.9%
Energy	-	-
Financial Services	-	0.6%
Industrials	-	3.8%
Real Estate	-	1.9%
Technology	-	4.0%
Utilities	-	-

Return for Risk

KLXY vs. PEZ — Risk / Return Rank

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

PEZ

PEZ Risk / Return Rank: 13
PEZ Sharpe Ratio Rank: 12
PEZ Sortino Ratio Rank: 13
PEZ Omega Ratio Rank: 12
PEZ Calmar Ratio Rank: 13
PEZ Martin Ratio Rank: 13

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. PEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kraneshares Global Luxury Index ETF (KLXY) and Invesco DWA Consumer Cyclicals Momentum ETF (PEZ). 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	PEZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.26	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.32	—

Drawdowns

Drawdown Indicators

	KLXY	PEZ	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.39%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.05%	—
Current Drawdown Current decline from peak	—	-11.65%	—
Average Drawdown Average peak-to-trough decline	—	-13.86%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.93%	—

Volatility

Volatility by Period

	KLXY	PEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.08%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	24.50%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	25.06%	—

KLXY vs. PEZ - Expense Ratio Comparison

KLXY has a 0.69% expense ratio, which is higher than PEZ's 0.60% expense ratio.

Dividends

KLXY vs. PEZ - Dividend Comparison

KLXY's dividend yield for the trailing twelve months is around 0.85%, more than PEZ's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PEZ Invesco DWA Consumer Cyclicals Momentum ETF	0.22%	0.11%	0.12%	0.60%	0.43%	0.23%	0.39%	0.01%	0.40%	0.42%	0.83%	0.64%

Frequently Asked Questions

Can I hold both KLXY and PEZ in my portfolio?

KLXY and PEZ have a correlation of 0.48, 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 PEZ?

On fees, PEZ is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLXY or PEZ?

PEZ is cheaper with a 0.60% expense ratio, compared with 0.69% for KLXY.

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

KLXY has the higher dividend yield at 0.85%, compared with 0.22% for PEZ.

What is the main difference between KLXY and PEZ?

KLXY is categorized as Consumer Discretionary Equities, while PEZ is Momentum. KLXY tracks Solactive Global Luxury Index - Benchmark TR Net, while PEZ tracks DWA Consumer Cyclicals Technical Leaders Index. They also come from different issuers: KraneShares and Invesco. Their fees differ too: 0.69% for KLXY and 0.60% for PEZ.