KWIN vs. VLUE
KWIN (KraneShares Wahed Alternative Income Index ETF) and VLUE (iShares MSCI USA Value Factor ETF) are both Large Cap Value Equities funds - KWIN tracks the Wahed Alternative Income Index while VLUE tracks the MSCI USA Enhanced Value Index. Both are passively managed. At a 0.07 correlation, their price movements are largely independent. KWIN charges 0.51%/yr vs 0.15%/yr for VLUE.
Performance
KWIN vs. VLUE - Performance Comparison
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Returns By Period
In the year-to-date period, KWIN achieves a 1.30% return, which is significantly lower than VLUE's 47.29% return.
KWIN
- 1D
- -0.21%
- 1M
- -0.09%
- YTD
- 1.30%
- 6M
- 1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VLUE
- 1D
- -0.53%
- 1M
- 1.21%
- YTD
- 47.29%
- 6M
- 45.96%
- 1Y
- 79.92%
- 3Y*
- 31.85%
- 5Y*
- 16.70%
- 10Y*
- 15.39%
KWIN vs. VLUE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KWIN KraneShares Wahed Alternative Income Index ETF | 1.30% | 0.61% |
VLUE iShares MSCI USA Value Factor ETF | 47.29% | 7.23% |
Correlation
The correlation between KWIN and VLUE is 0.07, 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 | 0.07 |
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Return for Risk
KWIN vs. VLUE — Risk / Return Rank
KWIN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VLUE
KWIN vs. VLUE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Wahed Alternative Income Index ETF (KWIN) and iShares MSCI USA Value Factor ETF (VLUE). 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.
| KWIN | VLUE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.70 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 8.89 | — |
| Martin ratioReturn relative to average drawdown | — | 36.77 | — |
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Drawdowns
KWIN vs. VLUE - Drawdown Comparison
The maximum KWIN drawdown since its inception was -0.93%, smaller than the maximum VLUE drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for KWIN and VLUE.
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Drawdown Indicators
| KWIN | VLUE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.93% | -39.47% | +38.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.04% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.47% | — |
Current DrawdownCurrent decline from peak | -0.27% | -2.34% | +2.07% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -5.99% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.18% | — |
Volatility
KWIN vs. VLUE - Volatility Comparison
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Volatility by Period
| KWIN | VLUE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 19.56% | -16.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.31% | 18.24% | -14.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 19.96% | -16.65% |
KWIN vs. VLUE - Expense Ratio Comparison
KWIN has a 0.51% expense ratio, which is higher than VLUE's 0.15% expense ratio.
Dividends
KWIN vs. VLUE - Dividend Comparison
KWIN has not paid dividends to shareholders, while VLUE's dividend yield for the trailing twelve months is around 1.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWIN KraneShares Wahed Alternative Income Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VLUE iShares MSCI USA Value Factor ETF | 1.40% | 2.11% | 2.73% | 2.66% | 3.18% | 2.22% | 2.42% | 2.61% | 2.70% | 2.14% | 2.07% | 2.39% |
Frequently Asked Questions
KWIN and VLUE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VLUE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VLUE is cheaper with a 0.15% expense ratio, compared with 0.51% for KWIN.
VLUE has the higher dividend yield at 1.40%, compared with 0.00% for KWIN.
KWIN tracks Wahed Alternative Income Index, while VLUE tracks MSCI USA Enhanced Value Index. They also come from different issuers: KraneShares and iShares. Their fees differ too: 0.51% for KWIN and 0.15% for VLUE.
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