KMLI vs VOO
KraneShares 2x Long MELI Daily 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 505 holdings.
Side-by-Side Comparison
| Metric | KMLI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.26% | 0.03% | |
| AUM | $8M | $979.0B | |
| Dividend Yield | 17.87% | 1.09% | |
| Holdings | 2 | 509 | |
| YTD Return | -19.87% | +13.44% | |
| 1Y Return | -47.29% | +22.62% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 51.1% | 14.1% | |
| Max Drawdown | -73.2% | -34.3% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 11, 2025 | Sep 7, 2010 |
KMLI vs VOO Performance
KraneShares 2x Long MELI Daily ETF (KMLI) is a ETF from KraneShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year KMLI returned -47.29% while VOO returned +22.62%. Year to date, KMLI is down 19.87% versus a gain of 13.44% for VOO.
Risk: Volatility and Drawdowns
KMLI has been the more volatile fund, with annualized monthly volatility of 51.1% 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 -73.2% for KMLI 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 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KMLI charges 1.26% per year while VOO charges 0.03%. On a $10,000 position that is $126 vs $3 annually, a gap of $123 per year that compounds over a long holding period. On income, KMLI currently yields 17.87% against 1.09% for VOO.
Holdings Overlap
KMLI and VOO share 0 holdings out of 506 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, KMLI or VOO?
KMLI has an expense ratio of 1.26% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $123 per year of difference.
Which performed better, KMLI or VOO?
Over the past year KMLI returned -47.29% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), KMLI annualized -47.00% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, KMLI or VOO?
KMLI has been the more volatile fund at 51.1% annualized versus 14.1% for VOO. Worst drawdown: KMLI -73.2% vs VOO -34.3%.
Should I hold both KMLI and VOO?
KMLI and VOO have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KMLI and VOO?
KMLI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, KMLI or VOO?
KMLI yields 17.87% while VOO yields 1.09%, so KMLI currently pays the higher dividend yield.
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