KMLI vs VYM
KraneShares 2x Long MELI Daily 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 558 holdings.
Side-by-Side Comparison
| Metric | KMLI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.26% | 0.04% | |
| AUM | $8M | $79.0B | |
| Dividend Yield | 17.87% | 2.86% | |
| Holdings | 2 | 568 | |
| YTD Return | -29.07% | +16.53% | |
| 1Y Return | -55.36% | +25.03% | |
| 3Y Return (annualized) | - | +18.54% | |
| 5Y Return (annualized) | - | +12.25% | |
| Volatility (annualized) | 49.9% | 14.6% | |
| Max Drawdown | -73.2% | -58.8% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 11, 2025 | Nov 10, 2006 |
KMLI vs VYM Performance
KraneShares 2x Long MELI Daily ETF (KMLI) is a ETF from KraneShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year KMLI returned -55.36% while VYM returned +25.03%. Year to date, KMLI is down 29.07% versus a gain of 16.53% for VYM.
Risk: Volatility and Drawdowns
KMLI has been the more volatile fund, with annualized monthly volatility of 49.9% 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 -73.2% for KMLI 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KMLI charges 1.26% per year while VYM charges 0.04%. On a $10,000 position that is $126 vs $4 annually, a gap of $122 per year that compounds over a long holding period. On income, KMLI currently yields 17.87% against 2.86% for VYM.
Holdings Overlap
KMLI and VYM share 0 holdings out of 559 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 VYM?
KMLI has an expense ratio of 1.26% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $122 per year of difference.
Which performed better, KMLI or VYM?
Over the past year KMLI returned -55.36% vs +25.03% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), KMLI annualized -52.19% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, KMLI or VYM?
KMLI has been the more volatile fund at 49.9% annualized versus 14.6% for VYM. Worst drawdown: KMLI -73.2% vs VYM -58.8%.
Should I hold both KMLI and VYM?
KMLI and VYM have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KMLI and VYM?
KMLI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, KMLI or VYM?
KMLI yields 17.87% while VYM yields 2.86%, so KMLI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.