KLMN vs KLMT
Invesco MSCI North America Climate ETF vs Invesco MSCI Global Climate 500 ETF
Which is better, KLMN or KLMT?
Nearly the same fund. KLMN costs less.
KLMN has a lower expense ratio. KLMT led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. KLMT is less concentrated, with 24.9% of the fund in its ten largest positions against 35.5%.
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 | KLMN | KLMT |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.10% |
| AUM | $2.5B | $1.6B |
| Dividend Yield | 1.17% | 1.72% |
| Holdings | 555 | 1,030 |
| YTD Return | +14.75%Best | +14.29% |
| 1Y Return | +18.69% | +18.87%Best |
| Volatility (annualized) | 12.5% | 11.2%Best |
| Max Drawdown | -19.2% | -16.9%Best |
| $10,000 over 1.8 years | $13,014 | $13,270Best |
| Top 10 Weight | 35.5% | 24.9%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 11, 2024 | Jun 26, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 11, 2024 to Oct 13, 2026 (1.8 years).
KLMN vs KLMT 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 1.8 years both funds cover.
KLMN vs KLMT Performance
Invesco MSCI North America Climate ETF (KLMN) is an ETF from Invesco (US) and Invesco MSCI Global Climate 500 ETF (KLMT) is an ETF from Invesco (US). Over the past year KLMN returned +18.69% while KLMT returned +18.87%. Year to date, KLMN is up 14.75% versus a gain of 14.29% for KLMT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KLMN has been the more volatile fund, with annualized monthly volatility of 12.5% compared with 11.2% for KLMT. 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 -19.2% for KLMN and -16.9% for KLMT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
KLMN charges 0.09% per year while KLMT charges 0.10%. On a $10,000 position that is $9 vs $10 annually, a gap of $1 per year that compounds over a long holding period. On income, KLMN currently yields 1.17% against 1.72% for KLMT.
Holdings Overlap
100.0% of KLMN's money is in holdings KLMT also owns. 67.7% of KLMT's money is in holdings KLMN also owns.
Most of KLMN is already inside KLMT. Owning both mostly buys the same companies twice.
273 positions in common, counted across the 273 positions we hold weights for in KLMN and 498 in KLMT, against full books of 555 and 1,030.
What only one of them owns
Our book lists 14 positions for KLMT that do not appear in our book for KLMN (2.7% of the fund), and 0 for KLMN that do not appear in KLMT (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in KLMN | Weight in KLMT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.27% | 4.92% | 2.35% |
| AAPLApple, Inc | 7.03% | 4.76% | 2.27% |
| MSFTMicrosoft Corp | 5.06% | 3.43% | 1.63% |
| AMZNAmazon.Com Inc | 3.58% | 2.42% | 1.16% |
| GOOGLAlphabet Inc,class A | 3.15% | 2.13% | 1.02% |
| AVGOBroadcom Inc | 2.35% | 1.59% | 0.76% |
| METAMeta Platforms Inc | 2.07% | 1.40% | 0.67% |
| GOOGAlphabet Inc. C | 1.93% | 1.30% | 0.63% |
| MUMicron Technology, Inc. | 1.61% | 1.09% | 0.52% |
| TSLATesla Inc | 1.49% | 1.01% | 0.48% |
100.0% of KLMN is already inside KLMT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KLMN or KLMT?
KLMN has an expense ratio of 0.09% while KLMT charges 0.10%. KLMN is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, KLMN or KLMT?
Over the past year KLMN returned +18.69% vs +18.87% for KLMT, so KLMT leads on 1-year performance. Over the longest common window we track (2 years), KLMN annualized +15.76% vs +17.02% for KLMT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KLMN or KLMT?
KLMN has been the more volatile fund at 12.5% annualized versus 11.2% for KLMT. Worst drawdown: KLMN -19.2% vs KLMT -16.9%.
Should I hold both KLMN and KLMT?
KLMN and KLMT have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between KLMN and KLMT?
100.0% of KLMN's money is in holdings KLMT also owns. 67.7% of KLMT's is in holdings KLMN also owns. They hold 273 positions in common, counted across the 273 positions we hold weights for in KLMN and 498 in KLMT.
Which pays a higher dividend, KLMN or KLMT?
KLMN yields 1.17% while KLMT yields 1.72%, so KLMT currently pays the higher dividend yield.
Is KLMT better than KLMN?
KLMN has a lower expense ratio. KLMT led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. KLMT is less concentrated, with 24.9% of the fund in its ten largest positions against 35.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.