VFLO vs. KWIN

Last updated Jul 15, 2026

VFLO (VictoryShares Free Cash Flow ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds - VFLO tracks the Victory U.S. Large Cap Free Cash Flow Index while KWIN tracks the Wahed Alternative Income Index. Both are passively managed. At a 0.09 correlation, their price movements are largely independent. VFLO charges 0.39%/yr vs 0.51%/yr for KWIN.

Performance

VFLO vs. KWIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Free Cash Flow ETF (VFLO) and KraneShares Wahed Alternative Income Index ETF (KWIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFLO achieves a 20.99% return, which is significantly higher than KWIN's 1.72% return.

VFLO

• 1D: -0.79%
• 1M: 2.58%
• 6M: 18.70%
• YTD: 20.99%
• 1Y: 34.44%
• 3Y*: 24.21%
• 5Y*: —
• 10Y*: —

KWIN

• 1D: 0.13%
• 1M: 0.25%
• 6M: 1.37%
• YTD: 1.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VFLO vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
VFLO VictoryShares Free Cash Flow ETF	20.99%	5.62%
KWIN KraneShares Wahed Alternative Income Index ETF	1.72%	0.61%

Correlation

The correlation between VFLO and KWIN is 0.09, 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	0.09

Return for Risk

VFLO vs. KWIN — Risk / Return Rank

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

VFLO

VFLO Risk / Return Rank: 88
VFLO Sharpe Ratio Rank: 87
VFLO Sortino Ratio Rank: 87
VFLO Omega Ratio Rank: 83
VFLO Calmar Ratio Rank: 94
VFLO Martin Ratio Rank: 91

KWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VFLO vs. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Free Cash Flow ETF (VFLO) 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.

	VFLO	KWIN	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	3.14	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	5.37	—	—
Martin ratio: Return relative to average drawdown	16.75	—	—

Drawdowns

VFLO vs. KWIN - Drawdown Comparison

The maximum VFLO drawdown since its inception was -17.79%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for VFLO and KWIN.

Drawdown Indicators

	VFLO	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-17.79%	-1.50%	-16.29%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.79%	—	—
Current Drawdown Current decline from peak	-1.34%	-1.32%	-0.02%
Average Drawdown Average peak-to-trough decline	-2.46%	-0.26%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	—	—

Volatility

Volatility by Period

	VFLO	KWIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.65%	4.15%	+11.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	4.15%	+11.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.00%	4.15%	+11.85%

VFLO vs. KWIN - Expense Ratio Comparison

VFLO has a 0.39% expense ratio, which is lower than KWIN's 0.51% expense ratio.

Dividends

VFLO vs. KWIN - Dividend Comparison

VFLO's dividend yield for the trailing twelve months is around 1.13%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%	0.00%	0.00%
VFLO VictoryShares Free Cash Flow ETF	1.13%	1.60%	1.20%	0.71%

Frequently Asked Questions

Can I hold both VFLO and KWIN in my portfolio?

VFLO and KWIN have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VFLO or KWIN?

On fees, VFLO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VFLO or KWIN?

VFLO is cheaper with a 0.39% expense ratio, compared with 0.51% for KWIN.

Which ETF pays a higher dividend yield, VFLO or KWIN?

VFLO has the higher dividend yield at 1.13%, compared with 0.00% for KWIN.

What is the main difference between VFLO and KWIN?

VFLO tracks Victory U.S. Large Cap Free Cash Flow Index, while KWIN tracks Wahed Alternative Income Index. They also come from different issuers: Victory and KraneShares. Their fees differ too: 0.39% for VFLO and 0.51% for KWIN.