KMLM vs VTI
KraneShares Mount Lucas Managed Futures Index Strategy ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | KMLM | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.03% | |
| AUM | $389M | $666.9B | |
| Dividend Yield | 4.47% | 1.07% | |
| Holdings | 32 | 3,543 | |
| YTD Return | +12.03% | +12.65% | |
| 1Y Return | +14.88% | +21.39% | |
| 3Y Return (annualized) | -0.49% | +21.54% | |
| 5Y Return (annualized) | +6.21% | +12.11% | |
| Volatility (annualized) | 12.9% | 15.3% | |
| Max Drawdown | -27.5% | -56.6% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 1, 2020 | May 24, 2001 |
KMLM vs VTI Performance
KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) is a ETF from KraneShares and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year KMLM returned +14.88% while VTI returned +21.39%. Year to date, KMLM is up 12.03% versus a gain of 12.65% for VTI.
Over three years, KMLM compounded at -0.49% per year against +21.54% for VTI; over five years the annualized figures are +6.21% and +12.11% respectively. Across the full 6-year window we track, VTI has the edge at +8.07% annualized vs +7.28%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.9% 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 -56.6% for VTI. 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 -0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KMLM charges 0.90% per year while VTI 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 1.07% for VTI.
Holdings Overlap
KMLM and VTI share 15 holdings out of 2787 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, KMLM or VTI?
KMLM has an expense ratio of 0.90% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, KMLM or VTI?
Over the past year KMLM returned +14.88% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (6 years), KMLM annualized +7.28% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, KMLM or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 12.9% for KMLM. Worst drawdown: KMLM -27.5% vs VTI -56.6%.
Should I hold both KMLM and VTI?
KMLM and VTI have a monthly-return correlation of -0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KMLM and VTI?
KMLM and VTI share 15 common holdings with a 0.0% weight overlap. Combined, they hold 2787 unique securities.
Which pays a higher dividend, KMLM or VTI?
KMLM yields 4.47% while VTI yields 1.07%, so KMLM currently pays the higher dividend yield.
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