XRPR vs. KMLM

Last updated Aug 1, 2026

XRPR (REX-Osprey XRP ETF) and KMLM (KFA Mount Lucas Index Strategy ETF) are both exchange-traded funds - XRPR is a Cryptocurrency fund tracking the XRP, while KMLM is a Systematic Trend fund tracking the KFA MLM Index. Both are passively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. XRPR charges 0.75%/yr vs 0.90%/yr for KMLM.

Performance

XRPR vs. KMLM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX-Osprey XRP ETF (XRPR) 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, XRPR achieves a -42.06% return, which is significantly lower than KMLM's 12.95% return.

XRPR

• 1D: -2.47%
• 1M: -2.58%
• 6M: -39.04%
• YTD: -42.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

KMLM

• 1D: 0.24%
• 1M: 6.85%
• 6M: 12.90%
• YTD: 12.95%
• 1Y: 18.19%
• 3Y*: 0.08%
• 5Y*: 5.77%
• 10Y*: —
• ALL TIME*: 7.46%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KMLM KFA Mount Lucas Index Strategy ETF	$14.29M	$9.53M	$7.83M
XRPR REX-Osprey XRP ETF	$159.08K	$159.59K	$242.33K

XRPR vs. KMLM - Yearly Performance Comparison

	2026 (YTD)	2025
XRPR REX-Osprey XRP ETF	-42.06%	-41.98%
KMLM KFA Mount Lucas Index Strategy ETF	12.95%	0.90%

Correlation

The correlation between XRPR and KMLM is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	-0.02

Return for Risk

XRPR vs. KMLM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XRPR

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

KMLM

KMLM Risk / Return Rank: 61
KMLM Sharpe Ratio Rank: 69
KMLM Sortino Ratio Rank: 65
KMLM Omega Ratio Rank: 67
KMLM Calmar Ratio Rank: 52
KMLM Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XRPR vs. KMLM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX-Osprey XRP ETF (XRPR) 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.

	XRPR	KMLM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.55	—
Sortino ratio: Return per unit of downside risk	—	2.14	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	1.86	—
Martin ratio: Return relative to average drawdown	—	6.03	—

Drawdowns

XRPR vs. KMLM - Drawdown Comparison

The maximum XRPR drawdown since its inception was -67.27%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for XRPR and KMLM.

Drawdown Indicators

	XRPR	KMLM	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-27.47%	-39.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.61%	—
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	-66.38%	-11.93%	-54.45%
Average Drawdown Average peak-to-trough decline	-45.14%	-12.79%	-32.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.95%	—

Volatility

Volatility by Period

	XRPR	KMLM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	74.44%	11.49%	+62.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.44%	14.53%	+59.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.44%	14.66%	+59.78%

XRPR vs. KMLM - Expense Ratio Comparison

XRPR has a 0.75% expense ratio, which is lower than KMLM's 0.90% expense ratio.

Dividends

XRPR vs. KMLM - Dividend Comparison

XRPR has not paid dividends to shareholders, while KMLM's dividend yield for the trailing twelve months is around 4.45%.

Position	TTM	2025	2024	2023	2022	2021
KMLM KFA Mount Lucas Index Strategy ETF	4.45%	5.02%	0.82%	0.00%	13.22%	6.94%
XRPR REX-Osprey XRP ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XRPR and KMLM in my portfolio?

XRPR and KMLM have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPR or KMLM?

On fees, XRPR is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPR or KMLM?

XRPR is cheaper with a 0.75% expense ratio, compared with 0.90% for KMLM.

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

KMLM has the higher dividend yield at 4.45%, compared with 0.00% for XRPR.

What is the main difference between XRPR and KMLM?

XRPR is categorized as Cryptocurrency, while KMLM is Systematic Trend. XRPR tracks XRP, while KMLM tracks KFA MLM Index. They also come from different issuers: REX Shares and KraneShares. Their fees differ too: 0.75% for XRPR and 0.90% for KMLM.