IVV vs KMLM
iShares Core S&P 500 ETF vs KraneShares Mount Lucas Managed Futures Index Strategy ETF
Which is better, IVV or KMLM?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | KMLM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.90% |
| AUM | $886.7B | $410M |
| Dividend Yield | 1.10% | 4.47% |
| Holdings | 508 | 32 |
| YTD Return | +12.70% | +15.40%Best |
| 1Y Return | +19.36%Best | +17.63% |
| 3Y Return (annualized) | +21.16%Best | -0.34% |
| 5Y Return (annualized) | +12.75%Best | +6.54% |
| Volatility (annualized) | 15.1% | 12.8%Best |
| Max Drawdown | -24.5%Best | -27.5% |
| $10,000 over 5 years | $18,221Best | $13,727 |
| Fund Family | iShares by BlackRock (US) | KraneShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Dec 1, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2020 to Sep 8, 2026 (5.8 years).
IVV vs KMLM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.8 years both funds cover.
IVV vs KMLM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) is an ETF from KraneShares. Over the past year IVV returned +19.36% while KMLM returned +17.63%. Year to date, IVV is up 12.70% versus a gain of 15.40% for KMLM.
Over three years, IVV compounded at +21.16% per year against -0.34% for KMLM; over five years the annualized figures are +12.75% and +6.54% respectively. Across the full 6-year window we track, IVV has the edge at +15.16% annualized vs +7.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.8% for KMLM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.5% for IVV and -27.5% for KMLM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.39. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while KMLM charges 0.90%. On a $10,000 position that is $3 vs $90 annually, a gap of $87 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.47% for KMLM.
Holdings Overlap
At least 16.6% of IVV's money is in holdings KMLM also owns.
Stated as a floor: for KMLM, our book for it covers 0.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and KMLM share little of their money.
15 positions in common, counted across the 504 positions we hold weights for in IVV and 15 in KMLM, against full books of 508 and 32.
You are not choosing between two funds in isolation.
Whichever of IVV and KMLM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or KMLM?
IVV has an expense ratio of 0.03% while KMLM charges 0.90%. IVV is the cheaper option, by $87 a year on a $10,000 investment.
Which performed better, IVV or KMLM?
Over the past year IVV returned +19.36% vs +17.63% for KMLM, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +15.16% vs +7.76% for KMLM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or KMLM?
IVV has been the more volatile fund at 15.1% annualized versus 12.8% for KMLM. Worst drawdown: IVV -24.5% vs KMLM -27.5%.
Should I hold both IVV and KMLM?
IVV and KMLM have a monthly-return correlation of -0.39, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and KMLM?
At least 16.6% of IVV's money is in holdings KMLM also owns. Our book for KMLM is partial, so the real figure is this or higher. They hold 15 positions in common, counted across the 504 positions we hold weights for in IVV and 15 in KMLM.
Which pays a higher dividend, IVV or KMLM?
IVV yields 1.10% while KMLM yields 4.47%, so KMLM currently pays the higher dividend yield.
Is KMLM better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.