KVLE vs. KEAT

Last updated Jun 4, 2026

KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and KEAT (Keating Active ETF) are both exchange-traded funds - KVLE is a Large Cap Value Equities fund tracking the 3D/L Value Line Dynamic Core Equity Index, while KEAT is a Global Allocation fund actively managed by Keating. KVLE is passively managed, while KEAT is actively managed. Over the past year, KVLE returned 18.85% vs 24.92% for KEAT. At a 0.45 correlation, their price movements are largely independent. KVLE charges 0.56%/yr vs 0.85%/yr for KEAT.

Performance

KVLE vs. KEAT - 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 Keating Active ETF (KEAT). 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 KEAT's 9.05% return.

KVLE

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

KEAT

• 1D: -0.72%
• 1M: -1.47%
• YTD: 9.05%
• 6M: 9.91%
• 1Y: 24.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KVLE vs. KEAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KVLE KFA Value Liner Dynamic Core Equity Index ETF	10.22%	9.34%	12.85%
KEAT Keating Active ETF	9.05%	22.76%	2.41%

Correlation

The correlation between KVLE and KEAT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Mar 28, 2024	0.45

KVLE vs. KEAT - Sectors Allocation Comparison

Sectors	KVLE	KEAT
Technology	27.0%	-
Industrials	12.6%	4.3%
Financial Services	12.2%	1.0%
Real Estate	12.0%	0.6%
Healthcare	9.3%	5.3%
Consumer Cyclical	9.2%	-
Consumer Defensive	6.8%	22.2%
Energy	4.6%	30.9%
Communication Services	3.9%	15.0%
Basic Materials	1.3%	21.7%
Utilities	0.7%	-

Return for Risk

KVLE vs. KEAT — 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

KEAT

KEAT Risk / Return Rank: 73
KEAT Sharpe Ratio Rank: 75
KEAT Sortino Ratio Rank: 73
KEAT Omega Ratio Rank: 73
KEAT Calmar Ratio Rank: 80
KEAT Martin Ratio Rank: 63

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. KEAT - 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 Keating Active ETF (KEAT). 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	KEAT	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.44	-0.73
Sortino ratio: Return per unit of downside risk	2.45	3.32	-0.87
Omega ratio: Gain probability vs. loss probability	1.31	1.44	-0.13
Calmar ratio: Return relative to maximum drawdown	1.97	4.14	-2.17
Martin ratio: Return relative to average drawdown	7.57	11.38	-3.81
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. KEAT - Sharpe Ratio Comparison

The current KVLE Sharpe Ratio is 1.72, which is comparable to the KEAT Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of KVLE and KEAT, 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	KEAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.44	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.52	-0.64

Drawdowns

KVLE vs. KEAT - Drawdown Comparison

The maximum KVLE drawdown since its inception was -18.38%, which is greater than KEAT's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for KVLE and KEAT.

Drawdown Indicators

	KVLE	KEAT	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-7.45%	-10.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-6.04%	-3.55%
Max Drawdown (3Y) Largest decline over 3 years	-16.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.38%	—	—
Current Drawdown Current decline from peak	-0.91%	-5.92%	+5.01%
Average Drawdown Average peak-to-trough decline	-3.21%	-1.57%	-1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.20%	+0.30%

Volatility

KVLE vs. KEAT - Volatility Comparison

KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and Keating Active ETF (KEAT) have volatilities of 2.64% and 2.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KVLE	KEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	2.55%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	8.35%	8.32%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	10.25%	+0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	10.27%	+4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	10.27%	+4.06%

KVLE vs. KEAT - Expense Ratio Comparison

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

Dividends

KVLE vs. KEAT - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 7.30%, more than KEAT's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
KEAT Keating Active ETF	2.25%	2.48%	1.72%	0.00%	0.00%	0.00%	0.00%
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 KEAT in my portfolio?

KVLE and KEAT have a correlation of 0.40, 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 KEAT?

KVLE has higher volatility (2.64%) compared to KEAT (2.55%). In terms of maximum drawdown, KVLE dropped -18.38% vs KEAT's -7.45%.

Which ETF is better, KVLE or KEAT?

On 1-year performance, KEAT leads with 24.92% vs 18.85% for KVLE. On fees, KVLE is cheaper at 0.56% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KVLE or KEAT?

Over the 1-year period, KEAT has performed better with a 24.92% return vs 18.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KVLE or KEAT?

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

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

KVLE has the higher dividend yield at 7.30%, compared with 2.25% for KEAT.

What is the main difference between KVLE and KEAT?

KVLE is categorized as Large Cap Value Equities, while KEAT is Global Allocation. They also come from different issuers: CICC and Keating. Their fees differ too: 0.56% for KVLE and 0.85% for KEAT.

Which has better risk-adjusted returns?

KEAT currently has the higher Sharpe Ratio (2.44 vs 1.72), 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.