KVLE vs. ROE

Last updated Jun 4, 2026

KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and ROE (Astoria US Equal Weight Quality Kings ETF) are both Large Cap Value Equities funds. KVLE is passively managed, while ROE is actively managed. Over the past year, KVLE returned 18.85% vs 37.99% for ROE. Their correlation of 0.85 suggests significant overlap in exposure. KVLE charges 0.56%/yr vs 0.49%/yr for ROE.

Performance

KVLE vs. ROE - 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 Astoria US Equal Weight Quality Kings ETF (ROE). 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 lower than ROE's 20.98% return.

KVLE

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

ROE

• 1D: -0.04%
• 1M: 8.10%
• YTD: 20.98%
• 6M: 21.56%
• 1Y: 37.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KVLE vs. ROE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KVLE KFA Value Liner Dynamic Core Equity Index ETF	10.22%	9.34%	18.25%	1.75%
ROE Astoria US Equal Weight Quality Kings ETF	20.98%	17.20%	18.34%	4.29%

Correlation

The correlation between KVLE and ROE is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Aug 2, 2023	0.85

The correlation between KVLE and ROE has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

KVLE vs. ROE - Sectors Allocation Comparison

Sectors	KVLE	ROE
Technology	27.0%	36.1%
Industrials	12.6%	9.8%
Financial Services	12.2%	11.7%
Real Estate	12.0%	1.9%
Healthcare	9.3%	8.7%
Consumer Cyclical	9.2%	9.4%
Consumer Defensive	6.8%	4.7%
Energy	4.6%	3.5%
Communication Services	3.9%	10.6%
Basic Materials	1.3%	1.8%
Utilities	0.7%	1.9%

Return for Risk

KVLE vs. ROE — 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

ROE

ROE Risk / Return Rank: 83
ROE Sharpe Ratio Rank: 84
ROE Sortino Ratio Rank: 82
ROE Omega Ratio Rank: 80
ROE Calmar Ratio Rank: 83
ROE Martin Ratio Rank: 89

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. ROE - 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 Astoria US Equal Weight Quality Kings ETF (ROE). 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	ROE	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.74	-1.03
Sortino ratio: Return per unit of downside risk	2.45	3.69	-1.24
Omega ratio: Gain probability vs. loss probability	1.31	1.48	-0.17
Calmar ratio: Return relative to maximum drawdown	1.97	4.41	-2.44
Martin ratio: Return relative to average drawdown	7.57	19.92	-12.35
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. ROE - Sharpe Ratio Comparison

The current KVLE Sharpe Ratio is 1.72, which is lower than the ROE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of KVLE and ROE, 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	ROE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.74	-1.03
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	1.39	-0.51

Drawdowns

KVLE vs. ROE - Drawdown Comparison

The maximum KVLE drawdown since its inception was -18.38%, roughly equal to the maximum ROE drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for KVLE and ROE.

Drawdown Indicators

	KVLE	ROE	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-19.10%	+0.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-8.66%	-0.93%
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%	-0.04%	-0.87%
Average Drawdown Average peak-to-trough decline	-3.21%	-2.59%	-0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	1.91%	+0.59%

Volatility

KVLE vs. ROE - Volatility Comparison

The current volatility for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) is 2.64%, while Astoria US Equal Weight Quality Kings ETF (ROE) has a volatility of 3.79%. This indicates that KVLE experiences smaller price fluctuations and is considered to be less risky than ROE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KVLE	ROE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	3.79%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	8.35%	10.66%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	13.94%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	15.78%	-1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	15.78%	-1.45%

KVLE vs. ROE - Expense Ratio Comparison

KVLE has a 0.56% expense ratio, which is higher than ROE's 0.49% expense ratio.

Dividends

KVLE vs. ROE - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 7.30%, more than ROE's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
KVLE KFA Value Liner Dynamic Core Equity Index ETF	7.30%	7.90%	7.99%	2.53%	5.78%	9.51%	0.35%
ROE Astoria US Equal Weight Quality Kings ETF	0.94%	0.97%	1.18%	0.68%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KVLE and ROE in my portfolio?

KVLE and ROE have a correlation of 0.79, 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 ROE?

ROE has higher volatility (3.79%) compared to KVLE (2.64%). In terms of maximum drawdown, KVLE dropped -18.38% vs ROE's -19.10%.

Which ETF is better, KVLE or ROE?

On 1-year performance, ROE leads with 37.99% vs 18.85% for KVLE. On fees, ROE is cheaper at 0.49% per year. On volatility, KVLE has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KVLE or ROE?

Over the 1-year period, ROE has performed better with a 37.99% 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 ROE?

ROE is cheaper with a 0.49% expense ratio, compared with 0.56% for KVLE.

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

KVLE has the higher dividend yield at 7.30%, compared with 0.94% for ROE.

What is the main difference between KVLE and ROE?

They also come from different issuers: CICC and Astoria. Their fees differ too: 0.56% for KVLE and 0.49% for ROE.

Which has better risk-adjusted returns?

ROE currently has the higher Sharpe Ratio (2.74 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.