KLXY vs QQQ
KraneShares Global Luxury Index ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | KLXY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.18% | |
| AUM | $2M | $496.3B | |
| Dividend Yield | 0.84% | 0.44% | |
| Holdings | 31 | 108 | |
| YTD Return | -1.39% | +16.64% | |
| 1Y Return | +10.83% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 16.1% | 30.6% | |
| Max Drawdown | -26.6% | -83.0% | |
| Fund Family | KraneShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2023 | Mar 10, 1999 |
KLXY vs QQQ Performance
KraneShares Global Luxury Index ETF (KLXY) is a ETF from KraneShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KLXY returned +10.83% while QQQ returned +27.27%. Year to date, KLXY is down 1.39% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.1% for KLXY. 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 -26.6% for KLXY and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KLXY charges 0.69% per year while QQQ charges 0.18%. On a $10,000 position that is $69 vs $18 annually, a gap of $51 per year that compounds over a long holding period. On income, KLXY currently yields 0.84% against 0.44% for QQQ.
Holdings Overlap
KLXY and QQQ share 0 holdings out of 125 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KLXY or QQQ?
KLXY has an expense ratio of 0.69% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, KLXY or QQQ?
Over the past year KLXY returned +10.83% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), KLXY annualized +2.81% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, KLXY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.1% for KLXY. Worst drawdown: KLXY -26.6% vs QQQ -83.0%.
Should I hold both KLXY and QQQ?
KLXY and QQQ have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KLXY and QQQ?
KLXY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 125 unique securities.
Which pays a higher dividend, KLXY or QQQ?
KLXY yields 0.84% while QQQ yields 0.44%, so KLXY currently pays the higher dividend yield.
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