KMLM vs. RGTI
KMLM (KFA Mount Lucas Index Strategy ETF) is Systematic Trend fund tracking the KFA MLM Index, while RGTI (Rigetti Computing Inc) is a stock. Over the past 5 years, KMLM returned 4.11%/yr vs 16.53%/yr for RGTI. At a correlation of -0.04, they often move in opposite directions.
Performance
KMLM vs. RGTI - Performance Comparison
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Returns By Period
In the year-to-date period, KMLM achieves a 8.32% return, which is significantly higher than RGTI's -5.28% return.
KMLM
- 1D
- -0.53%
- 1M
- -5.80%
- YTD
- 8.32%
- 6M
- 9.68%
- 1Y
- 13.24%
- 3Y*
- -1.51%
- 5Y*
- 4.11%
- 10Y*
- —
RGTI
- 1D
- 1.70%
- 1M
- 17.54%
- YTD
- -5.28%
- 6M
- -18.81%
- 1Y
- 84.04%
- 3Y*
- 152.06%
- 5Y*
- 16.53%
- 10Y*
- —
KMLM vs. RGTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 8.32% | -2.98% | -1.69% | -5.66% | 30.61% | 0.79% |
RGTI Rigetti Computing Inc | -5.28% | 45.15% | 1,449.40% | 35.07% | -92.91% | 3.94% |
Correlation
The correlation between KMLM and RGTI 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 | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2021 | -0.04 |
The correlation between KMLM and RGTI shifts across timeframes, from -0.04 (5 years) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KMLM vs. RGTI — Risk / Return Rank
KMLM
RGTI
KMLM vs. RGTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KFA Mount Lucas Index Strategy ETF (KMLM) and Rigetti Computing Inc (RGTI). 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 | RGTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.96 | +0.83 |
| Martin ratioReturn relative to average drawdown | 5.86 | 1.47 | +4.39 |
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Drawdowns
KMLM vs. RGTI - Drawdown Comparison
The maximum KMLM drawdown since its inception was -27.47%, smaller than the maximum RGTI drawdown of -96.89%. Use the drawdown chart below to compare losses from any high point for KMLM and RGTI.
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Drawdown Indicators
| KMLM | RGTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.47% | -96.89% | +69.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.83% | -77.10% | +70.27% |
Max Drawdown (3Y)Largest decline over 3 years | -22.28% | -78.83% | +56.55% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -96.89% | +69.42% |
Current DrawdownCurrent decline from peak | -15.54% | -62.76% | +47.22% |
Average DrawdownAverage peak-to-trough decline | -12.74% | -58.84% | +46.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 49.98% | -47.88% |
Volatility
KMLM vs. RGTI - Volatility Comparison
The current volatility for KFA Mount Lucas Index Strategy ETF (KMLM) is 3.35%, while Rigetti Computing Inc (RGTI) has a volatility of 44.79%. This indicates that KMLM experiences smaller price fluctuations and is considered to be less risky than RGTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KMLM | RGTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 44.79% | -41.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 71.15% | -61.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.50% | 109.21% | -97.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.62% | 128.97% | -114.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 127.17% | -112.46% |
Dividends
KMLM vs. RGTI - Dividend Comparison
KMLM's dividend yield for the trailing twelve months is around 4.64%, while RGTI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 4.64% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% |
RGTI Rigetti Computing Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KMLM and RGTI 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.
RGTI has higher volatility (44.79%) compared to KMLM (3.35%). In terms of maximum drawdown, KMLM dropped -27.47% vs RGTI's -96.89%.
KMLM currently has the higher Sharpe Ratio (1.06 vs 0.68), 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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