KLXY vs VYM
KraneShares Global Luxury Index ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | KLXY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.04% | |
| AUM | $2M | $81.6B | |
| Dividend Yield | 0.84% | 2.24% | |
| Holdings | 31 | 616 | |
| YTD Return | -1.39% | +16.42% | |
| 1Y Return | +10.83% | +24.22% | |
| 3Y Return (annualized) | - | +19.03% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 16.1% | 14.6% | |
| Max Drawdown | -26.6% | -58.8% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2023 | Nov 10, 2006 |
KLXY vs VYM Performance
KraneShares Global Luxury Index ETF (KLXY) is a ETF from KraneShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year KLXY returned +10.83% while VYM returned +24.22%. Year to date, KLXY is down 1.39% versus a gain of 16.42% for VYM.
Risk: Volatility and Drawdowns
KLXY has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KLXY charges 0.69% per year while VYM charges 0.04%. On a $10,000 position that is $69 vs $4 annually, a gap of $65 per year that compounds over a long holding period. On income, KLXY currently yields 0.84% against 2.24% for VYM.
Holdings Overlap
KLXY and VYM share 7 holdings out of 619 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KLXY or VYM?
KLXY has an expense ratio of 0.69% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, KLXY or VYM?
Over the past year KLXY returned +10.83% vs +24.22% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), KLXY annualized +2.81% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, KLXY or VYM?
KLXY has been the more volatile fund at 16.1% annualized versus 14.6% for VYM. Worst drawdown: KLXY -26.6% vs VYM -58.8%.
Should I hold both KLXY and VYM?
KLXY and VYM have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KLXY and VYM?
KLXY and VYM share 7 common holdings with a 0.3% weight overlap. Combined, they hold 619 unique securities.
Which pays a higher dividend, KLXY or VYM?
KLXY yields 0.84% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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