KMLM vs. WTIP

Last updated Jun 3, 2026

KMLM (KFA Mount Lucas Index Strategy ETF) and WTIP (WisdomTree Inflation Plus Fund) are both Long-Short funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. KMLM charges 0.90%/yr vs 0.65%/yr for WTIP.

Performance

KMLM vs. WTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KFA Mount Lucas Index Strategy ETF (KMLM) and WisdomTree Inflation Plus Fund (WTIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KMLM achieves a 10.60% return, which is significantly lower than WTIP's 15.11% return.

KMLM

• 1D: 0.53%
• 1M: -2.15%
• YTD: 10.60%
• 6M: 13.52%
• 1Y: 12.84%
• 3Y*: -0.53%
• 5Y*: 4.37%
• 10Y*: —

WTIP

• 1D: -0.32%
• 1M: -2.48%
• YTD: 15.11%
• 6M: 17.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KMLM vs. WTIP - Yearly Performance Comparison

	2026 (YTD)	2025
KMLM KFA Mount Lucas Index Strategy ETF	10.60%	7.29%
WTIP WisdomTree Inflation Plus Fund	15.11%	14.00%

Correlation

The correlation between KMLM and WTIP is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.46

Return for Risk

KMLM vs. WTIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KMLM

KMLM Risk / Return Rank: 36
KMLM Sharpe Ratio Rank: 31
KMLM Sortino Ratio Rank: 30
KMLM Omega Ratio Rank: 31
KMLM Calmar Ratio Rank: 44
KMLM Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KMLM vs. WTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KFA Mount Lucas Index Strategy ETF (KMLM) and WisdomTree Inflation Plus Fund (WTIP). 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.

	KMLM	WTIP	Difference
Sharpe ratio Return per unit of total volatility	1.13	—	—
Sortino ratio Return per unit of downside risk	1.59	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	2.22	—	—
Martin ratio Return relative to average drawdown	7.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KMLM	WTIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	1.95	-1.46

Drawdowns

KMLM vs. WTIP - Drawdown Comparison

The maximum KMLM drawdown since its inception was -27.47%, which is greater than WTIP's maximum drawdown of -7.74%. Use the drawdown chart below to compare losses from any high point for KMLM and WTIP.

Drawdown Indicators

	KMLM	WTIP	Difference
Max Drawdown Largest peak-to-trough decline	-27.47%	-7.74%	-19.73%
Max Drawdown (1Y) Largest decline over 1 year	-6.30%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.47%	—	—
Current Drawdown Current decline from peak	-13.76%	-7.73%	-6.03%
Average Drawdown Average peak-to-trough decline	-12.74%	-1.36%	-11.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	—	—

Volatility

Volatility by Period

	KMLM	WTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.46%	17.07%	-5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.62%	17.07%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.74%	17.07%	-2.33%

KMLM vs. WTIP - Expense Ratio Comparison

KMLM has a 0.90% expense ratio, which is higher than WTIP's 0.65% expense ratio.

Dividends

KMLM vs. WTIP - Dividend Comparison

KMLM's dividend yield for the trailing twelve months is around 4.54%, more than WTIP's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021
KMLM KFA Mount Lucas Index Strategy ETF	4.54%	5.02%	0.82%	0.00%	13.22%	6.94%
WTIP WisdomTree Inflation Plus Fund	2.78%	1.59%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KMLM and WTIP in my portfolio?

KMLM and WTIP have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KMLM or WTIP?

On fees, WTIP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KMLM or WTIP?

WTIP is cheaper with a 0.65% expense ratio, compared with 0.90% for KMLM.

Which ETF pays a higher dividend yield, KMLM or WTIP?

KMLM has the higher dividend yield at 4.54%, compared with 2.78% for WTIP.

What is the main difference between KMLM and WTIP?

They also come from different issuers: CICC and WisdomTree. Their fees differ too: 0.90% for KMLM and 0.65% for WTIP.