WTIP vs. KMLM

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Inflation Plus Fund (WTIP) and KFA Mount Lucas Index Strategy ETF (KMLM).

WTIP and KMLM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTIP is an actively managed fund by WisdomTree. It was launched on Jun 18, 2025. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020.

Performance

WTIP vs. KMLM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Inflation Plus Fund (WTIP) and KFA Mount Lucas Index Strategy ETF (KMLM). The values are adjusted to include any dividend payments, if applicable.

WTIP vs. KMLM - Yearly Performance Comparison

	2026 (YTD)	2025
WTIP WisdomTree Inflation Plus Fund	12.54%	14.00%
KMLM KFA Mount Lucas Index Strategy ETF	8.67%	7.29%

Returns By Period

In the year-to-date period, WTIP achieves a 12.54% return, which is significantly higher than KMLM's 8.67% return.

WTIP

• 1D: 0.44%
• 1M: 5.96%
• YTD: 12.54%
• 6M: 20.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KMLM

• 1D: -0.28%
• 1M: 4.21%
• YTD: 8.67%
• 6M: 10.01%
• 1Y: 8.60%
• 3Y*: 0.44%
• 5Y*: 5.63%
• 10Y*: —

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

WTIP vs. KMLM - Expense Ratio Comparison

WTIP has a 0.65% expense ratio, which is lower than KMLM's 0.90% expense ratio.

KMLM

KFA Mount Lucas Index Strategy ETF

WTIP

WisdomTree Inflation Plus Fund

Return for Risk

WTIP vs. KMLM — Risk / Return Rank

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

KMLM

KMLM Risk / Return Rank: 46
KMLM Sharpe Ratio Rank: 52
KMLM Sortino Ratio Rank: 50
KMLM Omega Ratio Rank: 44
KMLM Calmar Ratio Rank: 48
KMLM Martin Ratio Rank: 38

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.

WTIP vs. KMLM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Inflation Plus Fund (WTIP) 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.

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

Sharpe Ratios by Period

	WTIP	KMLM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.88	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.53	0.49	+2.04

Correlation

The correlation between WTIP and KMLM is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

WTIP vs. KMLM - Dividend Comparison

WTIP's dividend yield for the trailing twelve months is around 1.46%, less than KMLM's 4.62% yield.

	TTM	2025	2024	2023	2022	2021
WTIP WisdomTree Inflation Plus Fund	1.46%	1.59%	0.00%	0.00%	0.00%	0.00%
KMLM KFA Mount Lucas Index Strategy ETF	4.62%	5.02%	0.82%	0.00%	13.22%	6.94%

Drawdowns

WTIP vs. KMLM - Drawdown Comparison

The maximum WTIP drawdown since its inception was -7.45%, smaller than the maximum KMLM drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for WTIP and KMLM.

Drawdown Indicators

	WTIP	KMLM	Difference
Max Drawdown Largest peak-to-trough decline	-7.45%	-27.47%	+20.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.47%	—
Current Drawdown Current decline from peak	-1.72%	-15.27%	+13.55%
Average Drawdown Average peak-to-trough decline	-1.32%	-12.73%	+11.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.41%	—

Volatility

Volatility by Period

	WTIP	KMLM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	9.84%	+5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	14.57%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	14.67%	+0.30%