KMLM vs ARDC

Comparison between KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF (KMLM, ETF) and Ares Dynamic Credit Allocation Fund Inc (ARDC, ETF).

5-Year PerformanceARDC has outperformed KMLM, delivering a return of +4.9% compared to +4.1%

KMLM vs ARDC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KMLM(ETF)	ARDC(ETF)
Net Assets	$327M	$327M
Expense Ratio	0.90%	N/A
Max Drawdown	36.50%	57.11%
Sharpe Ratio	0.77	-0.57
5Y Beta	0.02	0.37
5Y Dividends CAGR	N/A	2.90%

Net Assets

KMLM

$327M

Winner

ARDC

$327M

Expense Ratio

KMLM

0.90%

ARDC

N/A

Max Drawdown

Winner

KMLM

36.50%

ARDC

57.11%

Sharpe Ratio

Winner

KMLM

0.77

ARDC

-0.57

5Y Beta

Winner

KMLM

0.02

ARDC

0.37

5Y Dividends CAGR

KMLM

N/A

ARDC

2.90%

KMLM vs ARDC - Historical Returns

Returns include dividend reinvestment.

Period	KMLM	ARDC
1 month	-6.83%	-1.00%
3 months	+0.21%	+5.60%
6 months	+9.64%	-0.46%
1 year	+12.07%	-2.65%
5 years(CAGR)	+4.06%	+4.86%
10 years(CAGR)	N/A	+8.28%
Max(CAGR)	+6.73%	+5.55%

KMLM

-6.83%

Winner

ARDC

-1.00%

KMLM

+0.21%

Winner

ARDC

+5.60%

Winner

KMLM

+9.64%

ARDC

-0.46%

Winner

KMLM

+12.07%

ARDC

-2.65%

5Y(CAGR)

KMLM

+4.06%

Winner

ARDC

+4.86%

10Y(CAGR)

KMLM

N/A

ARDC

+8.28%

Max(CAGR)

Winner

KMLM

+6.73%

ARDC

+5.55%

KMLM vs ARDC - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	KMLM	ARDC
2026	+7.70%	-1.08%
2025	-3.67%	-3.74%
2024	-1.15%	+19.73%
2023	-6.25%	+31.58%
2022	+29.44%	-21.58%
2021	+7.37%	+23.06%
2020	+5.40%	+2.84%
2019	N/A	+19.70%
2018	N/A	-8.99%
2017	N/A	+17.00%
2016	N/A	+23.95%
2015	N/A	-7.90%
2014	N/A	-5.03%
2013	N/A	-3.23%
2012	N/A	+0.05%

KMLM vs ARDC Drawdown Comparison

The maximum drawdown for KMLM was -27.61%, occurring on Jun 20, 2025. This drawdown has not yet recovered.

The maximum drawdown for ARDC was -45.40%, occurring on Mar 18, 2020. Recovery took 229 trading sessions.

The current KMLM drawdown is -15.73%. The current ARDC drawdown is -8.61%.

Rank	KMLM	ARDC
#1	-27.61% Oct 14, 2022 - Jun 20, 2025	-45.40% Feb 21, 2020 - Jan 19, 2021
#2	-14.93% Jun 13, 2022 - Sep 26, 2022	-26.47% Jan 6, 2022 - Dec 19, 2023
#3	-9.11% May 12, 2021 - Feb 4, 2022	-24.69% May 13, 2013 - Dec 7, 2016
#4	-6.19% Mar 8, 2022 - Mar 24, 2022	-19.78% Feb 11, 2025 - Sep 5, 2025
#5	-6.02% Sep 27, 2022 - Oct 10, 2022	-16.92% May 21, 2018 - May 24, 2019
#6	-5.93% Feb 24, 2021 - Apr 26, 2021	-15.57% Sep 12, 2025 - Mar 30, 2026
#7	-4.58% Apr 18, 2022 - May 4, 2022	-6.37% Sep 22, 2021 - Dec 31, 2021
#8	-3.99% Mar 25, 2022 - Apr 8, 2022	-4.58% Dec 10, 2012 - Mar 28, 2013
#9	-3.60% May 6, 2022 - May 17, 2022	-4.08% May 15, 2024 - Jun 6, 2024
#10	-3.57% May 17, 2022 - Jun 6, 2022	-3.86% Aug 1, 2024 - Aug 16, 2024
#11	-3.46% Jan 5, 2021 - Jan 14, 2021	-3.72% Dec 2, 2024 - Feb 3, 2025
#12	-2.85% Feb 24, 2022 - Mar 2, 2022	-3.61% Jul 16, 2019 - Dec 17, 2019
#13	-2.05% Jan 14, 2021 - Feb 8, 2021	-3.50% Oct 24, 2017 - Nov 24, 2017
#14	-1.72% Feb 14, 2022 - Feb 23, 2022	-3.40% Jul 13, 2021 - Aug 10, 2021
#15	-1.50% Dec 23, 2020 - Dec 29, 2020	-3.22% Apr 1, 2024 - May 3, 2024

Correlation

Correlation between KMLM and ARDC is -0.11 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.11

-101

Dividend Comparison (2013 - 2026)

KMLM vs ARDC dividend yield comparison.

Year	KMLM	ARDC
2026	0.00%	4.47%
2025	5.02%	10.19%
2024	0.82%	9.33%
2023	0.00%	9.85%
2022	13.22%	10.31%
2021	6.94%	7.16%
2020	0.00%	8.40%
2019	0.00%	8.40%
2018	0.00%	9.35%
2017	0.00%	7.58%
2016	0.00%	8.45%
2015	0.00%	10.51%
2014	0.00%	8.87%
2013	0.00%	7.81%