KMLM KraneShares Mount Lucas Managed Futures Index Strategy ETF
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Over the year to Nov 4, 2026, KMLM returned 16.5%. When the S&P 500 fell, it rose 0.18% a week.
Promise check: Not measuredNo other ETF tracks the index it names, so its tracking cannot be measured.
KMLM risk and return scorecard
vs its benchmark
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Nov 3, 2026What you earned
How concentrated, and what does it cost?
More on KMLM
Every number below is on this page. Open what you need.Price and total return, 1 year
$29.22−3.0%1 day, priceClose, Nov 4, 2026
Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error
| Window | Total return | S&P 500 (SPY) |
|---|---|---|
| 1M Oct 5 – Nov 4, 2026 | −6.6% | −1.0% |
| 3M Aug 5 – Nov 4, 2026 | +3.0% | −0.1% |
| 6M May 6 – Nov 4, 2026 | +0.6% | +5.0% |
| YTD Dec 31, 2025 – Nov 4, 2026 | +12.6% | +13.3% |
| 1Y Nov 4, 2025 – Nov 4, 2026 | +16.5% | +14.8% |
| 3Y Nov 3, 2023 – Nov 4, 2026 | −0.7% | +82.9% |
| 5Y Nov 5, 2021 – Nov 4, 2026 | +27.9% | +75.0% |
| Since launch Dec 2, 2020 – Nov 4, 2026 | +49.0% | +126.7% |
| Since launch, annualised Dec 2, 2020 – Nov 4, 2026 | +7.0% | – |
Total returns, distributions reinvested.
Source: Tiingo end-of-day prices, with distributions reinvested.
KMLM in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, KMLM +0.18%.
How much it diversifies a stock portfolio, ranked against 17 systematic trend alternatives ETFs with a full year. 100 is best. How it is computed
KMLM’s weekly returns had a correlation of −0.12 with the S&P 500, and in the weeks the index fell its down-week capture was −16.3%. Over the same 52 weeks it finished 12.9 points ahead of T-bills.
Money in and out
Daily data · as of Nov 3, 2026KMLM: in the 22 trading days to Nov 3, 2026, net $54.2m came in, from 20 counts.
Nov 3, 2026
Jul 1, 2025 to Jun 30, 2026
monthly, from SEC filings
Jul 1, 2023 to Jun 30, 2026
monthly, from SEC filings
Jul 1, 2021 to Jun 30, 2026
monthly, from SEC filings
monthly, from SEC filings
KMLM, net flow each trading day over the 65 sessions from Aug 4, 2026 to Nov 3, 2026: money came in on 8 days and went out on 0 days, of the 20 days with daily data; the other 45 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 8 days, out on 0. 45 days missing.
KMLM, net flow each trading day over the 251 sessions from Nov 4, 2025 to Nov 3, 2026: money came in on 8 days and went out on 0 days, of the 20 days with daily data; the other 231 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 8 days, out on 0. 231 days missing.
KMLM, net flow each trading day over the 400 sessions from Apr 2, 2025 to Nov 3, 2026: money came in on 8 days and went out on 0 days, of the 20 days with daily data; the other 380 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 8 days, out on 0. 380 days missing.
Daily data starts Oct 6, 2026.
How this is computed
Computed by ETFIQ from KraneShares’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for KMLM, back to Jan 2021, is in its flows file. Flows across every fund · How these flows are computed · Compare KMLM with other funds in the flows tool
Every trading day, last 3 months20 days
Most recent first.
Week by week, last year5 weeks
Net flow into KMLM each week, Oct 6, 2026 to Nov 3, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.
Month by month, money in and money outSep 2023 to Nov 2026
KMLM, money in and money out each month from Sep 2023 to Oct 2026: two bars a month, money in above the line and money out below. Bars for Sep 2023 to Jun 2026 are from KMLM’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Jul 2026 to Sep 2026 have no data. Nov 2026 is still in progress, so it is in the list and not drawn. Of the 36 months listed, money came in on net in 20 and went out in 16.
Bars for Sep 2023 to Jun 2026 are from KMLM’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Of the 36 months listed, money came in on net in 20 and went out in 16.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 3, 2026. Last checked Nov 5, 2026.
KMLM key stats
Trading
as of Nov 4, 2026
Liquid: trades at a typical spread of 0.07%.
KMLM for holders outside the US
How much does it diversify a stock portfolio?
91.2% of the 17 sit at or above KMLM on this measure.
97.1% of the 17 sit at or above KMLM on this measure.
Weighted evenly, those two positions are what the score combines, across the 17 systematic trend alternatives ETFs with a full year. Neither spread above is the score: a fund can sit further right on one and score lower.
One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. Where the fund sits in this set, not a rating. Do not average it with another category's score.
| What it measures | This fund | Its percentile | Weight |
|---|---|---|---|
| correlation with the S&P 500 | −0.12 | 91.2 | 50% |
| down-week capture against the S&P 500 | −16.3% | 97.1 | 50% |
About KMLM
12 seats on KMLM, as of Nov 4, 2026: 1 Mixed, 2 Challenges, 8 Not enough data, 1 Does not apply.
Questions people ask about KMLM
- Does KMLM move with the S&P 500?
- Over the year to Nov 4, 2026, KMLM’s weekly returns had a correlation of −0.12 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was −0.12, so for each 1% the index moved it moved about 0.12% the other way.
- What did KMLM do when stocks fell?
- The S&P 500 fell in 26 of the 52 weeks to Nov 4, 2026, by 1.07% on average. In those weeks KMLM rose 0.18% on average, a down-week capture of −16.3%.
- Did KMLM earn more than cash?
- Over the same 52 weeks KMLM returned +16.6% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. KMLM finished 12.9 percentage points ahead of it.
- What does KMLM cost?
- The prospectus expense ratio is 0.90% a year.
- Why is KMLM listed as managed futures?
- ETFIQ files each fund by what its own prospectus says it does, and KMLM’s, filed Jul 29, 2026, describes a managed futures fund.
Links are sources, not endorsements.
Cite this pageCitation, APA and Markdown
ETFIQ, KMLM, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/kmlm
ETFIQ. (Nov 4, 2026). KMLM, alternatives ETFs. Retrieved from https://etfiq.com/funds/kmlm
[KMLM, alternatives ETFs (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/kmlm)
The down-week bars for KMLM, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
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<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/alternatives/kmlm/" title="KMLM: KMLM in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, KMLM +0.18%." width="640" height="334" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">KMLM: KMLM in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, KMLM +0.18%. Data: <a href="https://etfiq.com/funds/kmlm">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
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