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ETFs

KraneShares Global Luxury Index ETF

KLXY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 07 2023
Expense Ratio
0.69%
Type
Global Equities
Fund Owner
Krane Shares
Volume (1m avg. daily)
—
AUM
$1,203,500
Associated Index
Solactive Global Luxury Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MC
Lvmh Moet Hennessy Vuitton SE
9.34%
DGE
Diageo plc
8.83%
OR
L`Oreal
8.50%
CFR
Compagnie financiere Richemont SA - Registered Shares - Class A
6.31%
RMS
Hermes International
6.03%
RACE
Ferrari N.V.
5.13%
EL
EssilorLuxottica
4.66%
KER
Kering
4.32%
RI
Pernod Ricard
3.93%
EL
Estee Lauder Cos., Inc. - Ordinary Shares - Class A
3.88%
Invest with KLXY

What is KLXY?

KLXY provides exposure to leading developed markets companies from global luxury-related sectors weighted by market capitalization. These companies operate across industries, including leather goods, jewelry, accessories, skincare, cosmetics, beverages, travel, and supercar businesses. Invested in over 40 of the top global luxury companies by market capitalization, including companies such as LVMH, Hermes, Ferrari, and Pernod Ricard.

ETFs related toKLXY

ETFs correlated to KLXY include DWX, IQDF, IQDG

KLXY
KraneShares Trust - KraneShares Global Luxury Index ETF
DWX
SSgA Active Trust - SPDR S&P International Dividend ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund
IQDG
WisdomTree Trust - WisdomTree International Quality Dividend Growth Fund
FDT
First Trust Exchange-Traded Fund III - First Trust Developed Markets ex-US AlphaDEX Fund
FEZ
SSgA Active Trust - SPDR EURO Stoxx 50 ETF
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
MORT
VanEck ETF Trust - VanEck Mortgage REIT Income ETF
DNL
WisdomTree Trust - WisdomTree Global ex-U.S. Quality Dividend Growth Fund
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toKLXY

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with KLXY using Composer

FAQ

KLXY is a Global Equities ETF. KLXY provides exposure to leading developed markets companies from global luxury-related sectors weighted by market capitalization. These companies operate across industries, including leather goods, jewelry, accessories, skincare, cosmetics, beverages, travel, and supercar businesses. Invested in over 40 of the top global luxury companies by market capitalization, including companies such as LVMH, Hermes, Ferrari, and Pernod Ricard.

KLXY tracks the Solactive Global Luxury Index.

No, KLXY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, KLXY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KLXY is %. This is the percent change in the value of KLXY over the most recent 1-month period. The 3-month return on KLXY is %. This is the percent change in the value of KLXY over the most recent 3-month period.

ETFs similar to KLXY include IXJ, SMH, and URA.

ETFs correlated to KLXY include DWX, IQDF, and IQDG.

ETFs that are inversely correlated to KLXY include EPV, EFZ, and GDXD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.