KMLM vs VOO
KraneShares Mount Lucas Managed Futures Index Strategy ETF vs Vanguard S&P 500 ETF
Which is better, KMLM or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | KMLM | VOO |
|---|---|---|
| Expense Ratio | 0.90% | 0.03%Best |
| AUM | $410M | $997.4B |
| Dividend Yield | 4.47% | 1.08% |
| Holdings | 32 | 509 |
| YTD Return | +15.40%Best | +12.74% |
| 1Y Return | +17.63% | +19.43%Best |
| 3Y Return (annualized) | -0.34% | +21.18%Best |
| 5Y Return (annualized) | +6.54% | +12.76%Best |
| Volatility (annualized) | 12.8%Best | 15.0% |
| Max Drawdown | -27.5% | -24.5%Best |
| $10,000 over 5 years | $13,727 | $18,230Best |
| Fund Family | KraneShares | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Dec 1, 2020 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2020 to Sep 8, 2026 (5.8 years).
KMLM vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.8 years both funds cover.
KMLM vs VOO Performance
KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) is an ETF from KraneShares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year KMLM returned +17.63% while VOO returned +19.43%. Year to date, KMLM is up 15.40% versus a gain of 12.74% for VOO.
Over three years, KMLM compounded at -0.34% per year against +21.18% for VOO; over five years the annualized figures are +6.54% and +12.76% respectively. Across the full 6-year window we track, VOO has the edge at +15.17% annualized vs +7.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 12.8% for KMLM. 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 -27.5% for KMLM and -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.39. They move together some of the time, and apart the rest.
Fees and Cost Over Time
KMLM charges 0.90% per year while VOO charges 0.03%. On a $10,000 position that is $90 vs $3 annually, a gap of $87 per year that compounds over a long holding period. On income, KMLM currently yields 4.47% against 1.08% for VOO.
Holdings Overlap
At least 15.2% of VOO's money is in holdings KMLM also owns.
Stated as a floor: for KMLM, our book for it covers 0.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VOO and KMLM share little of their money.
15 positions in common, counted across the 15 positions we hold weights for in KMLM and 504 in VOO, against full books of 32 and 509.
You are not choosing between two funds in isolation.
Whichever of KMLM and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KMLM or VOO?
KMLM has an expense ratio of 0.90% while VOO charges 0.03%. VOO is the cheaper option, by $87 a year on a $10,000 investment.
Which performed better, KMLM or VOO?
Over the past year KMLM returned +17.63% vs +19.43% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), KMLM annualized +7.76% vs +15.17% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KMLM or VOO?
VOO has been the more volatile fund at 15.0% annualized versus 12.8% for KMLM. Worst drawdown: KMLM -27.5% vs VOO -24.5%.
Should I hold both KMLM and VOO?
KMLM and VOO have a monthly-return correlation of -0.39, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between KMLM and VOO?
At least 15.2% of VOO's money is in holdings KMLM also owns. Our book for KMLM is partial, so the real figure is this or higher. They hold 15 positions in common, counted across the 15 positions we hold weights for in KMLM and 504 in VOO.
Which pays a higher dividend, KMLM or VOO?
KMLM yields 4.47% while VOO yields 1.08%, so KMLM currently pays the higher dividend yield.
Is VOO better than KMLM?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.