KMLM vs. UBT
Compare and contrast key facts about KFA Mount Lucas Index Strategy ETF (KMLM) and ProShares Ultra 20+ Year Treasury (UBT).
KMLM and UBT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020. UBT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (200%). It was launched on Jan 19, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KMLM or UBT.
Performance
KMLM vs. UBT - Performance Comparison
Returns By Period
In the year-to-date period, KMLM achieves a -1.63% return, which is significantly higher than UBT's -17.59% return.
KMLM
-1.63%
-0.18%
-3.96%
-7.65%
N/A
N/A
UBT
-17.59%
-10.79%
-3.12%
0.65%
-16.96%
-5.41%
Key characteristics
| KMLM | UBT | |
|---|---|---|
| Sharpe Ratio | -0.83 | 0.11 |
| Sortino Ratio | -1.07 | 0.36 |
| Omega Ratio | 0.88 | 1.04 |
| Calmar Ratio | -0.34 | 0.04 |
| Martin Ratio | -1.33 | 0.24 |
| Ulcer Index | 6.56% | 13.46% |
| Daily Std Dev | 10.57% | 29.14% |
| Max Drawdown | -25.42% | -78.90% |
| Current Drawdown | -23.50% | -75.22% |
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KMLM vs. UBT - Expense Ratio Comparison
KMLM has a 0.90% expense ratio, which is lower than UBT's 0.95% expense ratio.
Correlation
The correlation between KMLM and UBT is -0.34. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
KMLM vs. UBT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KFA Mount Lucas Index Strategy ETF (KMLM) and ProShares Ultra 20+ Year Treasury (UBT). 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.
Dividends
KMLM vs. UBT - Dividend Comparison
KMLM has not paid dividends to shareholders, while UBT's dividend yield for the trailing twelve months is around 4.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 0.00% | 0.00% | 8.12% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBT ProShares Ultra 20+ Year Treasury | 4.27% | 3.53% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 1.04% | 1.56% | 0.79% | 0.18% |
Drawdowns
KMLM vs. UBT - Drawdown Comparison
The maximum KMLM drawdown since its inception was -25.42%, smaller than the maximum UBT drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for KMLM and UBT. For additional features, visit the drawdowns tool.
Volatility
KMLM vs. UBT - Volatility Comparison
The current volatility for KFA Mount Lucas Index Strategy ETF (KMLM) is 3.17%, while ProShares Ultra 20+ Year Treasury (UBT) has a volatility of 9.38%. This indicates that KMLM experiences smaller price fluctuations and is considered to be less risky than UBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.