KVLE vs. ABEQ

Last updated Jun 4, 2026

KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and ABEQ (Absolute Select Value ETF) are both Large Cap Value Equities funds. KVLE is passively managed, while ABEQ is actively managed. Over the past 5 years, KVLE returned 9.67%/yr vs 7.06%/yr for ABEQ. A 0.70 correlation means they provide meaningful diversification when combined. KVLE charges 0.56%/yr vs 0.85%/yr for ABEQ.

Performance

KVLE vs. ABEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and Absolute Select Value ETF (ABEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KVLE achieves a 10.22% return, which is significantly higher than ABEQ's 3.44% return.

KVLE

• 1D: -0.91%
• 1M: 4.69%
• YTD: 10.22%
• 6M: 9.55%
• 1Y: 18.85%
• 3Y*: 14.93%
• 5Y*: 9.67%
• 10Y*: —

ABEQ

• 1D: -0.17%
• 1M: -0.34%
• YTD: 3.44%
• 6M: 3.43%
• 1Y: 8.87%
• 3Y*: 11.57%
• 5Y*: 7.06%
• 10Y*: —

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

KVLE vs. ABEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KVLE KFA Value Liner Dynamic Core Equity Index ETF	10.22%	9.34%	18.25%	10.49%	-5.96%	28.01%	1.36%
ABEQ Absolute Select Value ETF	3.44%	15.32%	12.68%	4.63%	-1.00%	12.49%	2.53%

Correlation

The correlation between KVLE and ABEQ is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Nov 25, 2020	0.70

The correlation between KVLE and ABEQ shifts across timeframes, from 0.57 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.

KVLE vs. ABEQ - Sectors Allocation Comparison

Sectors	KVLE	ABEQ
Technology	27.0%	4.4%
Industrials	12.6%	8.3%
Financial Services	12.2%	24.8%
Real Estate	12.0%	-
Healthcare	9.3%	7.2%
Consumer Cyclical	9.2%	-
Consumer Defensive	6.8%	10.9%
Energy	4.6%	10.3%
Communication Services	3.9%	3.0%
Basic Materials	1.3%	17.0%
Utilities	0.7%	1.4%

Return for Risk

KVLE vs. ABEQ — Risk / Return Rank

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

KVLE

KVLE Risk / Return Rank: 47
KVLE Sharpe Ratio Rank: 50
KVLE Sortino Ratio Rank: 51
KVLE Omega Ratio Rank: 49
KVLE Calmar Ratio Rank: 40
KVLE Martin Ratio Rank: 46

ABEQ

ABEQ Risk / Return Rank: 25
ABEQ Sharpe Ratio Rank: 27
ABEQ Sortino Ratio Rank: 26
ABEQ Omega Ratio Rank: 26
ABEQ Calmar Ratio Rank: 24
ABEQ Martin Ratio Rank: 22

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.

KVLE vs. ABEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and Absolute Select Value ETF (ABEQ). 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.

	KVLE	ABEQ	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.00	+0.72
Sortino ratio: Return per unit of downside risk	2.45	1.46	+0.99
Omega ratio: Gain probability vs. loss probability	1.31	1.18	+0.13
Calmar ratio: Return relative to maximum drawdown	1.97	1.13	+0.85
Martin ratio: Return relative to average drawdown	7.57	2.78	+4.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KVLE vs. ABEQ - Sharpe Ratio Comparison

The current KVLE Sharpe Ratio is 1.72, which is higher than the ABEQ Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of KVLE and ABEQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KVLE	ABEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	1.00	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.66	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.56	+0.32

Drawdowns

KVLE vs. ABEQ - Drawdown Comparison

The maximum KVLE drawdown since its inception was -18.38%, smaller than the maximum ABEQ drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for KVLE and ABEQ.

Drawdown Indicators

	KVLE	ABEQ	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-27.82%	+9.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-7.89%	-1.70%
Max Drawdown (3Y) Largest decline over 3 years	-16.39%	-7.95%	-8.44%
Max Drawdown (5Y) Largest decline over 5 years	-18.38%	-17.26%	-1.12%
Current Drawdown Current decline from peak	-0.91%	-7.43%	+6.52%
Average Drawdown Average peak-to-trough decline	-3.21%	-4.07%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	3.20%	-0.70%

Volatility

KVLE vs. ABEQ - Volatility Comparison

KFA Value Liner Dynamic Core Equity Index ETF (KVLE) has a higher volatility of 2.64% compared to Absolute Select Value ETF (ABEQ) at 1.98%. This indicates that KVLE's price experiences larger fluctuations and is considered to be riskier than ABEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KVLE	ABEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	1.98%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	8.35%	6.69%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	8.91%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	10.81%	+3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	13.84%	+0.49%

KVLE vs. ABEQ - Expense Ratio Comparison

KVLE has a 0.56% expense ratio, which is lower than ABEQ's 0.85% expense ratio.

Dividends

KVLE vs. ABEQ - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 7.30%, more than ABEQ's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ABEQ Absolute Select Value ETF	1.21%	1.25%	1.48%	2.60%	1.20%	0.60%	0.60%
KVLE KFA Value Liner Dynamic Core Equity Index ETF	7.30%	7.90%	7.99%	2.53%	5.78%	9.51%	0.35%

Frequently Asked Questions

Can I hold both KVLE and ABEQ in my portfolio?

KVLE and ABEQ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KVLE or ABEQ?

KVLE has higher volatility (2.64%) compared to ABEQ (1.98%). In terms of maximum drawdown, KVLE dropped -18.38% vs ABEQ's -27.82%.

Which ETF is better, KVLE or ABEQ?

On 5-year performance, KVLE leads with 9.67% vs 7.06% for ABEQ. On fees, KVLE is cheaper at 0.56% per year. On volatility, ABEQ has been the lower-risk option at 1.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KVLE or ABEQ?

Over the 5-year period, KVLE has performed better with a 9.67% return vs 7.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KVLE or ABEQ?

KVLE is cheaper with a 0.56% expense ratio, compared with 0.85% for ABEQ.

Which ETF pays a higher dividend yield, KVLE or ABEQ?

KVLE has the higher dividend yield at 7.30%, compared with 1.21% for ABEQ.

What is the main difference between KVLE and ABEQ?

They also come from different issuers: CICC and Absolute Investment Advisers LLC. Their fees differ too: 0.56% for KVLE and 0.85% for ABEQ.

Which has better risk-adjusted returns?

KVLE currently has the higher Sharpe Ratio (1.72 vs 1.00), 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.