KMLM vs. KARS
KMLM (KFA Mount Lucas Index Strategy ETF) and KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) are both exchange-traded funds - KMLM is a Systematic Trend fund tracking the KFA MLM Index, while KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index. Both are passively managed. Over the past 5 years, KMLM returned 4.07%/yr vs -5.08%/yr for KARS. At a correlation of -0.08, they often move in opposite directions. KMLM charges 0.90%/yr vs 0.72%/yr for KARS.
Performance
KMLM vs. KARS - Performance Comparison
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Returns By Period
In the year-to-date period, KMLM achieves a 5.59% return, which is significantly higher than KARS's 3.68% return.
KMLM
- 1D
- -1.30%
- 1M
- -6.21%
- YTD
- 5.59%
- 6M
- 5.76%
- 1Y
- 10.89%
- 3Y*
- -1.13%
- 5Y*
- 4.07%
- 10Y*
- —
KARS
- 1D
- -1.29%
- 1M
- -10.78%
- YTD
- 3.68%
- 6M
- 2.48%
- 1Y
- 42.96%
- 3Y*
- 2.54%
- 5Y*
- -5.08%
- 10Y*
- —
KMLM vs. KARS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 5.59% | -2.98% | -1.69% | -5.66% | 30.61% | 7.04% | 5.74% |
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | 3.68% | 46.04% | -17.88% | -7.85% | -39.20% | 24.11% | 5.43% |
Correlation
The correlation between KMLM and KARS is 0.07, 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 (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2020 | -0.08 |
The correlation between KMLM and KARS shifts across timeframes, from -0.10 (5 years) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KMLM vs. KARS — Risk / Return Rank
KMLM
KARS
KMLM vs. KARS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KFA Mount Lucas Index Strategy ETF (KMLM) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KMLM | KARS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.59 | -1.40 |
| Martin ratioReturn relative to average drawdown | 4.46 | 9.30 | -4.84 |
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Drawdowns
KMLM vs. KARS - Drawdown Comparison
The maximum KMLM drawdown since its inception was -27.47%, smaller than the maximum KARS drawdown of -64.85%. Use the drawdown chart below to compare losses from any high point for KMLM and KARS.
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Drawdown Indicators
| KMLM | KARS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.47% | -64.85% | +37.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -16.69% | +7.51% |
Max Drawdown (3Y)Largest decline over 3 years | -22.28% | -47.79% | +25.51% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -64.85% | +37.38% |
Current DrawdownCurrent decline from peak | -17.67% | -36.80% | +19.13% |
Average DrawdownAverage peak-to-trough decline | -12.76% | -28.34% | +15.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 4.63% | -2.19% |
Volatility
KMLM vs. KARS - Volatility Comparison
The current volatility for KFA Mount Lucas Index Strategy ETF (KMLM) is 3.12%, while KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a volatility of 11.60%. This indicates that KMLM experiences smaller price fluctuations and is considered to be less risky than KARS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KMLM | KARS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 11.60% | -8.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 21.26% | -11.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 27.83% | -16.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 30.09% | -15.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 29.41% | -14.72% |
KMLM vs. KARS - Expense Ratio Comparison
KMLM has a 0.90% expense ratio, which is higher than KARS's 0.72% expense ratio.
Dividends
KMLM vs. KARS - Dividend Comparison
KMLM's dividend yield for the trailing twelve months is around 4.76%, more than KARS's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | 0.18% | 0.18% | 0.78% | 0.88% | 1.13% | 6.73% | 0.14% | 1.85% | 1.38% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.76% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KMLM and KARS have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KARS has higher volatility (11.60%) compared to KMLM (3.12%). In terms of maximum drawdown, KMLM dropped -27.47% vs KARS's -64.85%.
On 5-year performance, KMLM leads with 4.07% vs -5.08% for KARS. On fees, KARS is cheaper at 0.72% per year. On volatility, KMLM has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KMLM has performed better with a 4.07% return vs -5.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KARS is cheaper with a 0.72% expense ratio, compared with 0.90% for KMLM.
KMLM has the higher dividend yield at 4.76%, compared with 0.18% for KARS.
KMLM is categorized as Systematic Trend, while KARS is Industrials Equities. KMLM tracks KFA MLM Index, while KARS tracks Bloomberg Electric Vehicles Index. Their fees differ too: 0.90% for KMLM and 0.72% for KARS.
KARS currently has the higher Sharpe Ratio (1.56 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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