KLXY vs VOO
KraneShares Global Luxury Index ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | KLXY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $2M | $997.4B | |
| Dividend Yield | 0.84% | 1.08% | |
| Holdings | 31 | 509 | |
| YTD Return | -1.39% | +12.25% | |
| 1Y Return | +10.83% | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 16.1% | 14.1% | |
| Max Drawdown | -26.6% | -34.3% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2023 | Sep 7, 2010 |
KLXY vs VOO Performance
KraneShares Global Luxury Index ETF (KLXY) is a ETF from KraneShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year KLXY returned +10.83% while VOO returned +20.92%. Year to date, KLXY is down 1.39% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
KLXY has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KLXY charges 0.69% per year while VOO charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, KLXY currently yields 0.84% against 1.08% for VOO.
Holdings Overlap
KLXY and VOO share 4 holdings out of 524 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KLXY or VOO?
KLXY has an expense ratio of 0.69% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, KLXY or VOO?
Over the past year KLXY returned +10.83% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), KLXY annualized +2.81% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, KLXY or VOO?
KLXY has been the more volatile fund at 16.1% annualized versus 14.1% for VOO. Worst drawdown: KLXY -26.6% vs VOO -34.3%.
Should I hold both KLXY and VOO?
KLXY and VOO have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KLXY and VOO?
KLXY and VOO share 4 common holdings with a 0.1% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, KLXY or VOO?
KLXY yields 0.84% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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