KTEC vs. KMLM
KTEC (KraneShares Hang Seng TECH Index ETF) and KMLM (KFA Mount Lucas Index Strategy ETF) are both exchange-traded funds - KTEC is a China Equities fund tracking the Hang Seng Tech Index, while KMLM is a Systematic Trend fund tracking the KFA MLM Index. Both are passively managed. Over the past 5 years, KTEC returned -7.23%/yr vs 5.77%/yr for KMLM. Their -0.08 correlation means they have often moved in opposite directions in the past. KTEC charges 0.69%/yr vs 0.90%/yr for KMLM.
Performance
KTEC vs. KMLM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KTEC achieves a -12.58% return, which is significantly lower than KMLM's 12.95% return.
KTEC
- 1D
- 0.81%
- 1M
- 10.40%
- 6M
- -14.54%
- YTD
- -12.58%
- 1Y
- -11.77%
- 3Y*
- 0.64%
- 5Y*
- -7.23%
- 10Y*
- —
- ALL TIME*
- -10.38%
KMLM
- 1D
- 0.24%
- 1M
- 6.85%
- 6M
- 12.90%
- YTD
- 12.95%
- 1Y
- 18.19%
- 3Y*
- 0.08%
- 5Y*
- 5.77%
- 10Y*
- —
- ALL TIME*
- 7.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.29M | $9.53M | $7.83M | |
| $941.66K | $1.10M | $1.04M |
KTEC vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | -12.58% | 21.01% | 16.13% | -10.41% | -26.12% | -29.98% |
KMLM KFA Mount Lucas Index Strategy ETF | 12.95% | -2.98% | -1.69% | -5.66% | 30.61% | -4.85% |
Correlation
The correlation between KTEC and KMLM is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.00 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | -0.08 |
The correlation between KTEC and KMLM shifts across timeframes, from -0.10 (5 years) to 0.00 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KTEC vs. KMLM — Risk / Return Rank
KTEC
KMLM
KTEC vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) and KFA Mount Lucas Index Strategy ETF (KMLM). 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.
| KTEC | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 1.86 | -2.23 |
| Martin ratioReturn relative to average drawdown | -0.67 | 6.03 | -6.70 |
Loading charts...
Drawdowns
KTEC vs. KMLM - Drawdown Comparison
The maximum KTEC drawdown since its inception was -66.90%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for KTEC and KMLM.
Loading charts...
Drawdown Indicators
| KTEC | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.90% | -27.47% | -39.43% |
Max Drawdown (1Y)Largest decline over 1 year | -36.49% | -9.61% | -26.88% |
Max Drawdown (3Y)Largest decline over 3 years | -36.49% | -22.28% | -14.21% |
Max Drawdown (5Y)Largest decline over 5 years | -60.08% | -27.47% | -32.61% |
Current DrawdownCurrent decline from peak | -44.83% | -11.93% | -32.90% |
Average DrawdownAverage peak-to-trough decline | -44.05% | -12.79% | -31.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.47% | 2.95% | +17.52% |
Volatility
KTEC vs. KMLM - Volatility Comparison
KraneShares Hang Seng TECH Index ETF (KTEC) has a higher volatility of 7.27% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 3.70%. This indicates that KTEC's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KTEC | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 3.70% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 20.32% | 10.31% | +10.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.20% | 11.49% | +16.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.63% | 14.53% | +28.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.75% | 14.66% | +28.09% |
KTEC vs. KMLM - Expense Ratio Comparison
KTEC has a 0.69% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Dividends
KTEC vs. KMLM - Dividend Comparison
KTEC's dividend yield for the trailing twelve months is around 3.84%, less than KMLM's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 4.45% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% |
KTEC KraneShares Hang Seng TECH Index ETF | 3.84% | 3.36% | 0.27% | 0.81% | 0.16% | 0.00% |
Frequently Asked Questions
KTEC and KMLM have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTEC has higher volatility (7.27%) compared to KMLM (3.70%). In terms of maximum drawdown, KTEC dropped -66.90% vs KMLM's -27.47%.
On 5-year performance, KMLM leads with 5.77% vs -7.23% for KTEC. On fees, KTEC is cheaper at 0.69% per year. On volatility, KMLM has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KMLM has performed better with a 5.77% return vs -7.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KTEC is cheaper with a 0.69% expense ratio, compared with 0.90% for KMLM.
KMLM has the higher dividend yield at 4.45%, compared with 3.84% for KTEC.
KTEC is categorized as China Equities, while KMLM is Systematic Trend. KTEC tracks Hang Seng Tech Index, while KMLM tracks KFA MLM Index. Their fees differ too: 0.69% for KTEC and 0.90% for KMLM.
KMLM currently has the higher Sharpe Ratio (1.55 vs -0.49), 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.
Find the right allocation for KTEC and KMLM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer