# KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM)

> Source: Nexqual · https://nexqual.com/KMLM · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM), nexqual.com/KMLM" · informational, not investment advice.

**Price:** USD 31.04 (+1.84% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 30.48 · day 30.7–31.04 · 52w 25.77–31.74 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y +21.0% vs S&P 500 +13.4%; 5Y +25.8% vs S&P 500 +76.9%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +21.0% | +25.8% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +21.1% | +4.7% |
| Volatility (annualized) | 13.1% | 14.0% |
| Max drawdown | -9.6% (May 2026→Jun 2026) | -31.0% (Oct 2022→Jun 2025) |

## Peers
DBMF (iMGP DBi Managed Futures Strate) USD 32.73 +0.83% · CTA (Simplify Managed Futures Strate) USD 30.77 +2.43% · PFIX (Simplify Interest Rate Hedge ET) USD 57.42 +0.74% · BTAL (AGF U.S. Market Neutral Anti-Be) USD 13.3 -0.08% · WTMF (WisdomTree Managed Futures Stra) USD 42.41 +0.50%

## More
Full page: https://nexqual.com/KMLM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2027-01-15 | 84 | 21.5% | ±9.6% |