KVLE vs. KWIN

Last updated Jul 15, 2026

KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds - KVLE tracks the 3D/L Value Line Dynamic Core Equity Index while KWIN tracks the Wahed Alternative Income Index. Both are passively managed. At a correlation of -0.01, they often move in opposite directions. KVLE charges 0.56%/yr vs 0.51%/yr for KWIN.

Performance

KVLE vs. KWIN - 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 KraneShares Wahed Alternative Income Index ETF (KWIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KVLE achieves a 11.84% return, which is significantly higher than KWIN's 1.72% return.

KVLE

• 1D: -0.06%
• 1M: 1.18%
• 6M: 9.58%
• YTD: 11.84%
• 1Y: 16.09%
• 3Y*: 14.23%
• 5Y*: 10.15%
• 10Y*: —

KWIN

• 1D: 0.13%
• 1M: 0.25%
• 6M: 1.37%
• YTD: 1.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KVLE vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
KVLE KFA Value Liner Dynamic Core Equity Index ETF	11.84%	0.57%
KWIN KraneShares Wahed Alternative Income Index ETF	1.72%	0.61%

Correlation

The correlation between KVLE and KWIN is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	-0.01

Return for Risk

KVLE vs. KWIN — Risk / Return Rank

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

KVLE

KVLE Risk / Return Rank: 49
KVLE Sharpe Ratio Rank: 53
KVLE Sortino Ratio Rank: 53
KVLE Omega Ratio Rank: 52
KVLE Calmar Ratio Rank: 41
KVLE Martin Ratio Rank: 48

KWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. KWIN - 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 KraneShares Wahed Alternative Income Index ETF (KWIN). 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.

	KVLE	KWIN	Difference
Sharpe ratio: Return per unit of total volatility	1.45	—	—
Sortino ratio: Return per unit of downside risk	2.08	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.68	—	—
Martin ratio: Return relative to average drawdown	6.43	—	—

Drawdowns

KVLE vs. KWIN - Drawdown Comparison

The maximum KVLE drawdown since its inception was -18.38%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for KVLE and KWIN.

Drawdown Indicators

	KVLE	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-1.50%	-16.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	—	—
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	-0.45%	-1.32%	+0.87%
Average Drawdown Average peak-to-trough decline	-3.16%	-0.26%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	—	—

Volatility

Volatility by Period

	KVLE	KWIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.13%	4.15%	+6.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	4.15%	+10.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.27%	4.15%	+10.12%

KVLE vs. KWIN - Expense Ratio Comparison

KVLE has a 0.56% expense ratio, which is higher than KWIN's 0.51% expense ratio.

Dividends

KVLE vs. KWIN - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 7.47%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
KVLE KFA Value Liner Dynamic Core Equity Index ETF	7.47%	7.90%	7.99%	2.53%	5.78%	9.51%	0.35%
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KVLE and KWIN in my portfolio?

KVLE and KWIN have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KVLE or KWIN?

On fees, KWIN is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KVLE or KWIN?

KWIN is cheaper with a 0.51% expense ratio, compared with 0.56% for KVLE.

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

KVLE has the higher dividend yield at 7.47%, compared with 0.00% for KWIN.

What is the main difference between KVLE and KWIN?

KVLE tracks 3D/L Value Line Dynamic Core Equity Index, while KWIN tracks Wahed Alternative Income Index. They also come from different issuers: CICC and KraneShares. Their fees differ too: 0.56% for KVLE and 0.51% for KWIN.