KraneShares 2x Long MELI Daily ETF (KMLI) Performance
KMLI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −35.0% since Dec 31, 2025
- 1 year
- −46.0% total return
- Since first price
- −59.7% since 2025
KMLI trailing returns vs SPY, QQQ, AGG
| Period | KMLI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.6% | +1.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.4% | −3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −11.8% | −11.8% | +7.8% | +8.4% | −1.5% |
| YTD | −35.0% | −35.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −46.0% | −51.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 12, 2025 | −59.7% | −63.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KMLI vs SPY
From Jun 12, 2025: KMLI grew to $4,034, SPY to $12,796.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KMLI returns by calendar year
2026 is year to date.
KMLI annual returns table
| Year | KMLI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −35.0% | −59.0% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KMLI largest drawdowns
Now 66.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 30, 2025 | −73.2% | May 15, 2026 | not yet | 10 months | 1.3 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KMLI risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −61.5% |
| Volatility (annualized) | 50.9% |
| Sharpe ratio | -1.61 |
| Sortino ratio | -1.64 |
| Best month | +20.4% |
| Worst month | −34.8% |
| Best 12 months | −53.7% |
| Worst 12 months | −68.8% |
| Positive months | 33% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KMLI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 5 | −68.8% | −55.2% | −53.7% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
KMLI performance overview
KraneShares 2x Long MELI Daily ETF (KMLI) returned −46.0% over the past year, with distributions reinvested. Since its first recorded price on Jun 12, 2025 it has returned −59.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −73.2%, from Jun 30, 2025 to May 15, 2026; the fund has not yet regained that high. Volatility has been 50.9% a year.
Related: KMLI chart, KMLI dividends. See the KMLI overview for the latest quote and fund facts.
KMLI performance FAQ
What is the KMLI return over the past year?
KMLI returned −46.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 51.3%.
How much would $10,000 invested in KMLI be worth?
$10,000 invested in KMLI at its first recorded close on June 12, 2025 would be worth about $4,034 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of KMLI?
The largest peak-to-trough decline was −73.2% between June 30, 2025 and May 15, 2026. It has not yet recovered to that high; it is 66.5% below its peak.
How volatile is KMLI?
Over the past history KMLI had an annualized volatility of 50.9% and a Sharpe ratio of -1.61 (excess return over 1–3 month T-bills per unit of risk).