KMLM vs GAL

Comparison between KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF (KMLM, ETF) and STATE STREET(R) GLOBAL ALLOCATION ETF (GAL, ETF).

5-Year PerformanceGAL has outperformed KMLM, delivering a return of +6.5% compared to +4.0%

KMLM vs GAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KMLM(ETF)	GAL(ETF)
Net Assets	$307M	$307M
Expense Ratio	0.90%	0.35%
Max Drawdown	36.50%	28.31%
Sharpe Ratio	0.76	1.42
5Y Beta	0.03	0.53
5Y Dividends CAGR	N/A	16.76%

Net Assets

Winner

KMLM

$307M

GAL

$307M

Expense Ratio

KMLM

0.90%

Winner

GAL

0.35%

Max Drawdown

KMLM

36.50%

Winner

GAL

28.31%

Sharpe Ratio

KMLM

0.76

Winner

GAL

1.42

5Y Beta

Winner

KMLM

0.03

GAL

0.53

5Y Dividends CAGR

KMLM

N/A

GAL

16.76%

KMLM vs GAL - Historical Returns

Returns include dividend reinvestment.

Period	KMLM	GAL
1 month	-3.83%	-0.15%
3 months	+4.03%	+3.98%
6 months	+12.47%	+7.10%
1 year	+11.83%	+17.54%
5 years(CAGR)	+4.01%	+6.55%
10 years(CAGR)	N/A	+8.00%
Max(CAGR)	+6.94%	+7.30%

KMLM

-3.83%

Winner

GAL

-0.15%

Winner

KMLM

+4.03%

GAL

+3.98%

Winner

KMLM

+12.47%

GAL

+7.10%

KMLM

+11.83%

Winner

GAL

+17.54%

5Y(CAGR)

KMLM

+4.01%

Winner

GAL

+6.55%

10Y(CAGR)

KMLM

N/A

GAL

+8.00%

Max(CAGR)

KMLM

+6.94%

Winner

GAL

+7.30%

KMLM vs GAL - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	KMLM	GAL
2026	+8.74%	+6.01%
2025	-3.67%	+16.22%
2024	-1.15%	+10.70%
2023	-6.25%	+13.44%
2022	+29.44%	-13.47%
2021	+7.37%	+12.77%
2020	+5.40%	+8.67%
2019	N/A	+18.85%
2018	N/A	-8.11%
2017	N/A	+17.99%
2016	N/A	+3.98%
2015	N/A	-2.42%
2014	N/A	+6.75%
2013	N/A	+11.55%
2012	N/A	+5.60%

KMLM vs GAL 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 GAL was -28.31%, occurring on Mar 23, 2020. Recovery took 168 trading sessions.

The current KMLM drawdown is -14.93%. The current GAL drawdown is -2.49%.

Rank	KMLM	GAL
#1	-27.61% Oct 14, 2022 - Jun 20, 2025	-28.31% Feb 12, 2020 - Oct 12, 2020
#2	-14.93% Jun 13, 2022 - Sep 26, 2022	-21.14% Nov 8, 2021 - Mar 7, 2024
#3	-9.11% May 12, 2021 - Feb 4, 2022	-14.96% Jan 26, 2018 - Sep 12, 2019
#4	-6.19% Mar 8, 2022 - Mar 24, 2022	-13.25% Apr 27, 2015 - Feb 21, 2017
#5	-6.02% Sep 27, 2022 - Oct 10, 2022	-9.12% Feb 18, 2025 - May 13, 2025
#6	-5.93% Feb 24, 2021 - Apr 26, 2021	-8.02% May 21, 2013 - Sep 18, 2013
#7	-4.58% Apr 18, 2022 - May 4, 2022	-7.48% Apr 27, 2012 - Aug 16, 2012
#8	-3.99% Mar 25, 2022 - Apr 8, 2022	-7.11% Sep 3, 2014 - Jan 26, 2015
#9	-3.60% May 6, 2022 - May 17, 2022	-6.26% Feb 25, 2026 - Apr 15, 2026
#10	-3.57% May 17, 2022 - Jun 6, 2022	-4.96% Jul 16, 2024 - Aug 21, 2024
#11	-3.46% Jan 5, 2021 - Jan 14, 2021	-4.73% Jan 22, 2014 - Feb 24, 2014
#12	-2.85% Feb 24, 2022 - Mar 2, 2022	-4.70% Oct 12, 2020 - Nov 5, 2020
#13	-2.05% Jan 14, 2021 - Feb 8, 2021	-4.39% Oct 17, 2012 - Dec 12, 2012
#14	-1.72% Feb 14, 2022 - Feb 23, 2022	-3.69% Dec 6, 2024 - Feb 13, 2025
#15	-1.50% Dec 23, 2020 - Dec 29, 2020	-3.58% Sep 3, 2021 - Nov 2, 2021

Correlation

Correlation between KMLM and GAL is -0.10 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.10

-101

Dividend Comparison (2012 - 2026)

KMLM vs GAL dividend yield comparison.

Year	KMLM	GAL
2026	0.00%	0.26%
2025	5.02%	3.47%
2024	0.82%	2.99%
2023	0.00%	2.56%
2022	13.22%	6.19%
2021	6.94%	4.05%
2020	0.00%	2.14%
2019	0.00%	2.96%
2018	0.00%	2.43%
2017	0.00%	2.26%
2016	0.00%	2.43%
2015	0.00%	3.10%
2014	0.00%	3.36%
2013	0.00%	2.50%
2012	0.00%	2.47%