KMLM vs. VCMDX
Compare and contrast key facts about KFA Mount Lucas Index Strategy ETF (KMLM) and Vanguard Commodity Strategy Fund Admiral Shares (VCMDX).
KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020. VCMDX is managed by Vanguard. It was launched on Jun 25, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KMLM or VCMDX.
Key characteristics
| KMLM | VCMDX | |
|---|---|---|
| YTD Return | 4.84% | 4.33% |
| 1Y Return | -3.22% | 3.21% |
| 3Y Return (Ann) | 6.52% | 8.09% |
| Sharpe Ratio | -0.22 | 0.23 |
| Daily Std Dev | 11.73% | 11.67% |
| Max Drawdown | -24.15% | -26.67% |
| Current Drawdown | -18.47% | -19.57% |
Correlation
The correlation between KMLM and VCMDX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KMLM vs. VCMDX - Performance Comparison
In the year-to-date period, KMLM achieves a 4.84% return, which is significantly higher than VCMDX's 4.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KMLM vs. VCMDX - Expense Ratio Comparison
KMLM has a 0.90% expense ratio, which is higher than VCMDX's 0.20% expense ratio.
Risk-Adjusted Performance
KMLM vs. VCMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KFA Mount Lucas Index Strategy ETF (KMLM) and Vanguard Commodity Strategy Fund Admiral Shares (VCMDX). 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. VCMDX - Dividend Comparison
KMLM has not paid dividends to shareholders, while VCMDX's dividend yield for the trailing twelve months is around 2.39%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 0.00% | 0.00% | 8.12% | 6.94% | 0.00% | 0.00% |
VCMDX Vanguard Commodity Strategy Fund Admiral Shares | 2.39% | 2.50% | 14.21% | 30.56% | 0.50% | 0.60% |
Drawdowns
KMLM vs. VCMDX - Drawdown Comparison
The maximum KMLM drawdown since its inception was -24.15%, smaller than the maximum VCMDX drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for KMLM and VCMDX. For additional features, visit the drawdowns tool.
Volatility
KMLM vs. VCMDX - Volatility Comparison
KFA Mount Lucas Index Strategy ETF (KMLM) has a higher volatility of 3.83% compared to Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) at 2.58%. This indicates that KMLM's price experiences larger fluctuations and is considered to be riskier than VCMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.