PY vs. KWIN
PY (Principal Value ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds. PY is actively managed, while KWIN is passively managed. At a 0.10 correlation, their price movements are largely independent. PY charges 0.15%/yr vs 0.51%/yr for KWIN.
Performance
PY vs. KWIN - Performance Comparison
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Returns By Period
In the year-to-date period, PY achieves a 7.20% return, which is significantly higher than KWIN's 1.59% return.
PY
- 1D
- 0.64%
- 1M
- 2.15%
- 6M
- 5.63%
- YTD
- 7.20%
- 1Y
- 12.62%
- 3Y*
- 12.68%
- 5Y*
- 8.55%
- 10Y*
- 10.88%
KWIN
- 1D
- 0.06%
- 1M
- 0.13%
- 6M
- 1.08%
- YTD
- 1.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PY vs. KWIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PY Principal Value ETF | 7.20% | 2.73% |
KWIN KraneShares Wahed Alternative Income Index ETF | 1.59% | 0.61% |
Correlation
The correlation between PY and KWIN is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.10 |
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Return for Risk
PY vs. KWIN — Risk / Return Rank
PY
KWIN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PY vs. KWIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Value ETF (PY) 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.
| PY | KWIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | — | — |
| Martin ratioReturn relative to average drawdown | 6.79 | — | — |
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Drawdowns
PY vs. KWIN - Drawdown Comparison
The maximum PY drawdown since its inception was -45.44%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for PY and KWIN.
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Drawdown Indicators
| PY | KWIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.44% | -1.50% | -43.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.44% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.44% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -0.25% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | — | — |
Volatility
PY vs. KWIN - Volatility Comparison
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Volatility by Period
| PY | KWIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.49% | 4.16% | +6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 4.16% | +11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.08% | 4.16% | +15.92% |
PY vs. KWIN - Expense Ratio Comparison
PY has a 0.15% expense ratio, which is lower than KWIN's 0.51% expense ratio.
Dividends
PY vs. KWIN - Dividend Comparison
PY's dividend yield for the trailing twelve months is around 1.93%, while KWIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PY Principal Value ETF | 1.93% | 2.14% | 2.22% | 2.68% | 3.02% | 2.83% | 2.95% | 2.25% | 2.34% | 1.68% | 1.85% |
Frequently Asked Questions
PY and KWIN have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PY is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PY is cheaper with a 0.15% expense ratio, compared with 0.51% for KWIN.
PY has the higher dividend yield at 1.93%, compared with 0.00% for KWIN.
They also come from different issuers: Principal and KraneShares. Their fees differ too: 0.15% for PY and 0.51% for KWIN.
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