RDTL vs. KMLM

Last updated Jul 15, 2026

RDTL (GraniteShares 2x Long RDDT Daily ETF) and KMLM (KFA Mount Lucas Index Strategy ETF) are both exchange-traded funds - RDTL is a Leveraged Equities fund actively managed by GraniteShares, while KMLM is a Systematic Trend fund tracking the KFA MLM Index. RDTL is actively managed, while KMLM is passively managed. Over the past year, RDTL returned 4.79% vs 13.47% for KMLM. At a correlation of -0.07, they often move in opposite directions. RDTL charges 1.50%/yr vs 0.90%/yr for KMLM.

Performance

RDTL vs. KMLM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long RDDT Daily ETF (RDTL) and KFA Mount Lucas Index Strategy ETF (KMLM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDTL achieves a -44.20% return, which is significantly lower than KMLM's 11.02% return.

RDTL

• 1D: 2.64%
• 1M: 47.73%
• 6M: -55.45%
• YTD: -44.20%
• 1Y: 4.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KMLM

• 1D: 0.42%
• 1M: 2.49%
• 6M: 8.68%
• YTD: 11.02%
• 1Y: 13.47%
• 3Y*: -0.66%
• 5Y*: 5.47%
• 10Y*: —

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

RDTL vs. KMLM - Yearly Performance Comparison

	2026 (YTD)	2025
RDTL GraniteShares 2x Long RDDT Daily ETF	-44.20%	104.22%
KMLM KFA Mount Lucas Index Strategy ETF	11.02%	-0.28%

Correlation

The correlation between RDTL and KMLM is -0.08, 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 (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	-0.07

Return for Risk

RDTL vs. KMLM — Risk / Return Rank

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

RDTL

RDTL Risk / Return Rank: 15
RDTL Sharpe Ratio Rank: 10
RDTL Sortino Ratio Rank: 23
RDTL Omega Ratio Rank: 21
RDTL Calmar Ratio Rank: 10
RDTL Martin Ratio Rank: 10

KMLM

KMLM Risk / Return Rank: 38
KMLM Sharpe Ratio Rank: 40
KMLM Sortino Ratio Rank: 38
KMLM Omega Ratio Rank: 39
KMLM Calmar Ratio Rank: 34
KMLM Martin Ratio Rank: 37

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.

RDTL vs. KMLM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RDDT Daily ETF (RDTL) and KFA Mount Lucas Index Strategy ETF (KMLM). 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.

	RDTL	KMLM	Difference
Sharpe ratio: Return per unit of total volatility	0.04	1.18	-1.14
Sortino ratio: Return per unit of downside risk	1.06	1.65	-0.59
Omega ratio: Gain probability vs. loss probability	1.12	1.21	-0.09
Calmar ratio: Return relative to maximum drawdown	0.06	1.41	-1.35
Martin ratio: Return relative to average drawdown	0.08	4.46	-4.37

RDTL vs. KMLM - Sharpe Ratio Comparison

The current RDTL Sharpe Ratio is 0.04, which is lower than the KMLM Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of RDTL and KMLM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RDTL vs. KMLM - Drawdown Comparison

The maximum RDTL drawdown since its inception was -85.21%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for RDTL and KMLM.

Drawdown Indicators

	RDTL	KMLM	Difference
Max Drawdown Largest peak-to-trough decline	-85.21%	-27.47%	-57.74%
Max Drawdown (1Y) Largest decline over 1 year	-85.21%	-9.61%	-75.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.47%	—
Current Drawdown Current decline from peak	-66.04%	-13.43%	-52.61%
Average Drawdown Average peak-to-trough decline	-46.02%	-12.79%	-33.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.82%	3.03%	+54.79%

Volatility

RDTL vs. KMLM - Volatility Comparison

GraniteShares 2x Long RDDT Daily ETF (RDTL) has a higher volatility of 45.05% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 3.79%. This indicates that RDTL's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDTL	KMLM	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.05%	3.79%	+41.26%
Volatility (6M) Calculated over the trailing 6-month period	99.23%	10.12%	+89.11%
Volatility (1Y) Calculated over the trailing 1-year period	134.21%	11.54%	+122.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.98%	14.57%	+128.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.98%	14.69%	+128.29%

RDTL vs. KMLM - Expense Ratio Comparison

RDTL has a 1.50% expense ratio, which is higher than KMLM's 0.90% expense ratio.

Dividends

RDTL vs. KMLM - Dividend Comparison

RDTL has not paid dividends to shareholders, while KMLM's dividend yield for the trailing twelve months is around 4.52%.

Position	TTM	2025	2024	2023	2022	2021
KMLM KFA Mount Lucas Index Strategy ETF	4.52%	5.02%	0.82%	0.00%	13.22%	6.94%
RDTL GraniteShares 2x Long RDDT Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDTL and KMLM in my portfolio?

RDTL and KMLM have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDTL or KMLM?

RDTL has higher volatility (45.05%) compared to KMLM (3.79%). In terms of maximum drawdown, RDTL dropped -85.21% vs KMLM's -27.47%.

Which ETF is better, RDTL or KMLM?

On 1-year performance, KMLM leads with 13.47% vs 4.79% for RDTL. On fees, KMLM is cheaper at 0.90% per year. On volatility, KMLM has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTL or KMLM?

Over the 1-year period, KMLM has performed better with a 13.47% return vs 4.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTL or KMLM?

KMLM is cheaper with a 0.90% expense ratio, compared with 1.50% for RDTL.

Which ETF pays a higher dividend yield, RDTL or KMLM?

KMLM has the higher dividend yield at 4.52%, compared with 0.00% for RDTL.

What is the main difference between RDTL and KMLM?

RDTL is categorized as Leveraged Equities, while KMLM is Systematic Trend. They also come from different issuers: GraniteShares and KraneShares. Their fees differ too: 1.50% for RDTL and 0.90% for KMLM.

Which has better risk-adjusted returns?

KMLM currently has the higher Sharpe Ratio (1.18 vs 0.04), 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.