PEJ vs. KLXY

Last updated Jun 5, 2026

PEJ (Invesco Dynamic Leisure & Entertainment ETF) and KLXY (Kraneshares Global Luxury Index ETF) are both Consumer Discretionary Equities funds - PEJ tracks the Dynamic Leisure and Entertainment Intellidex Index while KLXY tracks the Solactive Global Luxury Index - Benchmark TR Net. Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. PEJ charges 0.55%/yr vs 0.69%/yr for KLXY.

Performance

PEJ vs. KLXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Leisure & Entertainment ETF (PEJ) and Kraneshares Global Luxury Index ETF (KLXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PEJ

• 1D: 0.88%
• 1M: 3.84%
• YTD: 2.55%
• 6M: 5.77%
• 1Y: 16.68%
• 3Y*: 16.28%
• 5Y*: 3.99%
• 10Y*: 6.63%

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PEJ vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PEJ Invesco Dynamic Leisure & Entertainment ETF	2.55%	17.78%	25.08%	5.62%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%

Correlation

The correlation between PEJ and KLXY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.54

The correlation between PEJ and KLXY shifts across timeframes, from 0.43 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

PEJ vs. KLXY - Sectors Allocation Comparison

Sectors	PEJ	KLXY
Consumer Cyclical	59.7%	73.2%
Communication Services	23.3%	-
Industrials	10.2%	-
Consumer Defensive	6.8%	21.8%
Technology	4.2%	-
Basic Materials	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	4.9%
Real Estate	-	-
Utilities	-	-

Return for Risk

PEJ vs. KLXY — Risk / Return Rank

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

PEJ

PEJ Risk / Return Rank: 28
PEJ Sharpe Ratio Rank: 26
PEJ Sortino Ratio Rank: 27
PEJ Omega Ratio Rank: 25
PEJ Calmar Ratio Rank: 34
PEJ Martin Ratio Rank: 30

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.

PEJ vs. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Leisure & Entertainment ETF (PEJ) and Kraneshares Global Luxury Index ETF (KLXY). 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.

	PEJ	KLXY	Difference
Sharpe ratio: Return per unit of total volatility	0.91	—	—
Sortino ratio: Return per unit of downside risk	1.45	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.63	—	—
Martin ratio: Return relative to average drawdown	4.21	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PEJ	KLXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	—	—

Drawdowns

Drawdown Indicators

	PEJ	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-66.03%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.44%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-58.96%	—	—
Current Drawdown Current decline from peak	-1.72%	—	—
Average Drawdown Average peak-to-trough decline	-12.32%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	—	—

Volatility

Volatility by Period

	PEJ	KLXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.79%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.74%	—	—

PEJ vs. KLXY - Expense Ratio Comparison

PEJ has a 0.55% expense ratio, which is lower than KLXY's 0.69% expense ratio.

Dividends

PEJ vs. KLXY - Dividend Comparison

PEJ's dividend yield for the trailing twelve months is around 0.39%, less than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PEJ Invesco Dynamic Leisure & Entertainment ETF	0.39%	0.24%	0.40%	0.46%	0.43%	0.34%	0.92%	0.39%	0.78%	0.68%	0.68%	0.52%

Frequently Asked Questions

Can I hold both PEJ and KLXY in my portfolio?

PEJ and KLXY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PEJ or KLXY?

On fees, PEJ is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PEJ or KLXY?

PEJ is cheaper with a 0.55% expense ratio, compared with 0.69% for KLXY.

Which ETF pays a higher dividend yield, PEJ or KLXY?

KLXY has the higher dividend yield at 0.85%, compared with 0.39% for PEJ.

What is the main difference between PEJ and KLXY?

PEJ tracks Dynamic Leisure and Entertainment Intellidex Index, while KLXY tracks Solactive Global Luxury Index - Benchmark TR Net. They also come from different issuers: Invesco and KraneShares. Their fees differ too: 0.55% for PEJ and 0.69% for KLXY.