KMLI vs. KLXY

Last updated Jun 5, 2026

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

Performance

KMLI vs. KLXY - Performance Comparison

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

Returns By Period

KMLI

• 1D: -0.51%
• 1M: -22.77%
• YTD: -42.98%
• 6M: -50.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KLXY

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

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

KMLI vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025
KMLI KraneShares 2x Long MELI Daily ETF	-42.98%	-37.98%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	11.67%

Correlation

The correlation between KMLI and KLXY 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

KMLI vs. KLXY - Sectors Allocation Comparison

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

Return for Risk

KMLI vs. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long MELI Daily ETF (KMLI) and Kraneshares Global Luxury Index ETF (KLXY). 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

	KMLI	KLXY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.83	—	—

Drawdowns

Drawdown Indicators

	KMLI	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-73.23%	—	—
Current Drawdown Current decline from peak	-70.65%	—	—
Average Drawdown Average peak-to-trough decline	-41.03%	—	—

Volatility

Volatility by Period

	KMLI	KLXY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	79.26%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.26%	—	—

KMLI vs. KLXY - Expense Ratio Comparison

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

Dividends

KMLI vs. KLXY - Dividend Comparison

KMLI's dividend yield for the trailing twelve months is around 18.64%, more than KLXY's 0.85% 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	18.64%	10.63%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KMLI and KLXY in my portfolio?

KMLI and KLXY 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, KMLI or KLXY?

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, KMLI or KLXY?

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

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

KMLI has the higher dividend yield at 18.64%, compared with 0.85% for KLXY.

What is the main difference between KMLI and KLXY?

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