KPRO vs. KLXY

Last updated Jun 4, 2026

KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) and KLXY (Kraneshares Global Luxury Index ETF) are both exchange-traded funds - KPRO is a Options Trading fund actively managed by KraneShares, while KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net. KPRO is actively managed, while KLXY is passively managed. At a 0.34 correlation, their price movements are largely independent. KPRO charges 0.95%/yr vs 0.69%/yr for KLXY.

Performance

KPRO vs. KLXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) and Kraneshares Global Luxury Index ETF (KLXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KPRO

• 1D: -0.85%
• 1M: -1.53%
• YTD: -5.12%
• 6M: -9.44%
• 1Y: -1.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KPRO vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF	-5.12%	7.79%	12.68%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-7.76%

Correlation

The correlation between KPRO and KLXY is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Feb 9, 2024	0.34

The correlation between KPRO and KLXY shifts across timeframes, from 0.20 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

KPRO vs. KLXY - Sectors Allocation Comparison

Sectors	KPRO	KLXY
Communication Services	40.1%	-
Consumer Cyclical	38.4%	73.2%
Healthcare	6.9%	4.9%
Real Estate	4.8%	-
Consumer Defensive	4.3%	21.8%
Technology	3.6%	-
Financial Services	2.0%	-
Basic Materials	-	-
Energy	-	-
Industrials	-	-
Utilities	-	-

Return for Risk

KPRO vs. KLXY — Risk / Return Rank

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

KPRO

KPRO Risk / Return Rank: 7
KPRO Sharpe Ratio Rank: 7
KPRO Sortino Ratio Rank: 6
KPRO Omega Ratio Rank: 6
KPRO Calmar Ratio Rank: 7
KPRO Martin Ratio Rank: 7

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.

KPRO vs. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) and Kraneshares Global Luxury Index ETF (KLXY). 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.

	KPRO	KLXY	Difference
Sharpe ratio Return per unit of total volatility	-0.22	—	—
Sortino ratio Return per unit of downside risk	-0.21	—	—
Omega ratio Gain probability vs. loss probability	0.96	—	—
Calmar ratio Return relative to maximum drawdown	-0.16	—	—
Martin ratio Return relative to average drawdown	-0.32	—	—
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

	KPRO	KLXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	—	—

Drawdowns

Drawdown Indicators

	KPRO	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-11.92%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	—	—
Current Drawdown Current decline from peak	-11.91%	—	—
Average Drawdown Average peak-to-trough decline	-2.40%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.01%	—	—

Volatility

Volatility by Period

	KPRO	KLXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.86%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.83%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.83%	—	—

KPRO vs. KLXY - Expense Ratio Comparison

KPRO has a 0.95% expense ratio, which is higher than KLXY's 0.69% expense ratio.

Dividends

KPRO vs. KLXY - Dividend Comparison

KPRO's dividend yield for the trailing twelve months is around 2.79%, more than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF	2.79%	2.65%	3.70%	0.00%

Frequently Asked Questions

Can I hold both KPRO and KLXY in my portfolio?

KPRO and KLXY have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KPRO or KLXY?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KPRO or KLXY?

KLXY is cheaper with a 0.69% expense ratio, compared with 0.95% for KPRO.

Which ETF pays a higher dividend yield, KPRO or KLXY?

KPRO has the higher dividend yield at 2.79%, compared with 0.85% for KLXY.

What is the main difference between KPRO and KLXY?

KPRO is categorized as Options Trading, while KLXY is Consumer Discretionary Equities. Their fees differ too: 0.95% for KPRO and 0.69% for KLXY.