Correlation
The correlation between KLXY and VOO is 0.57, 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.
KLXY vs. VOO
Compare and contrast key facts about Kraneshares Global Luxury Index ETF (KLXY) and Vanguard S&P 500 ETF (VOO).
KLXY and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both KLXY and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KLXY or VOO.
Performance
KLXY vs. VOO - Performance Comparison
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Key characteristics
KLXY:
-0.24
VOO:
0.74
KLXY:
-0.23
VOO:
1.04
KLXY:
0.97
VOO:
1.15
KLXY:
-0.24
VOO:
0.68
KLXY:
-0.65
VOO:
2.58
KLXY:
9.75%
VOO:
4.93%
KLXY:
24.43%
VOO:
19.54%
KLXY:
-26.57%
VOO:
-33.99%
KLXY:
-12.77%
VOO:
-3.55%
Returns By Period
In the year-to-date period, KLXY achieves a 0.78% return, which is significantly lower than VOO's 0.90% return.
KLXY
0.78%
4.85%
4.10%
-6.71%
N/A
N/A
N/A
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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KLXY vs. VOO - Expense Ratio Comparison
KLXY has a 0.69% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
KLXY vs. VOO — Risk-Adjusted Performance Rank
KLXY
VOO
KLXY vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kraneshares Global Luxury Index ETF (KLXY) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
KLXY vs. VOO - Dividend Comparison
KLXY's dividend yield for the trailing twelve months is around 0.74%, less than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLXY Kraneshares Global Luxury Index ETF | 0.74% | 0.74% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
KLXY vs. VOO - Drawdown Comparison
The maximum KLXY drawdown since its inception was -26.57%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for KLXY and VOO.
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Volatility
KLXY vs. VOO - Volatility Comparison
Kraneshares Global Luxury Index ETF (KLXY) has a higher volatility of 6.56% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that KLXY's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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