CNXT vs KLXY
VanEck ChiNext ETF vs KraneShares Global Luxury Index ETF
Which is better, CNXT or KLXY?
Each has led over a different period.
CNXT has a lower expense ratio. CNXT led over the full window, KLXY over 1Y. CNXT is less concentrated, with 54.4% of the fund in its ten largest positions against 64.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CNXT | KLXY |
|---|---|---|
| Expense Ratio | 0.65%Best | 0.69% |
| AUM | $83M | $2M |
| Dividend Yield | 0.18% | 0.84% |
| Holdings | 196 | 31 |
| Volatility (annualized) | 38.0% | 16.1%Best |
| Max Drawdown | -48.7% | -26.6%Best |
| $10,000 over 2.5 years | $17,778Best | $10,717 |
| Top 10 Weight | 54.4%Best | 64.8% |
| Fund Family | VanEck | KraneShares |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 23, 2014 | Sep 7, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 215 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CNXT has data through Oct 14, 2026 and KLXY through Mar 13, 2026.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Sep 7, 2023 to Mar 13, 2026 (2.5 years).
Risk: Volatility and Drawdowns
CNXT has been the more volatile fund, with annualized monthly volatility of 38.0% compared with 16.1% for KLXY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -48.7% for CNXT and -26.6% for KLXY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.29. They move largely independently of each other.
Fees and Cost Over Time
CNXT charges 0.65% per year while KLXY charges 0.69%. On a $10,000 position that is $65 vs $69 annually, a gap of $4 per year that compounds over a long holding period. On income, CNXT currently yields 0.18% against 0.84% for KLXY.
Holdings Overlap
We hold position weights for 97 holdings in CNXT and 23 in KLXY, totalling 99.7% and 99.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 246 days apart, CNXT as of Oct 3, 2026 and KLXY as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 97 positions we hold weights for in CNXT and 23 in KLXY, against full books of 196 and 31.
What only one of them owns
Our book lists 7 positions for KLXY that do not appear in our book for CNXT (30.3% of the fund), and 0 for CNXT that do not appear in KLXY (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CNXT and KLXY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CNXT or KLXY?
CNXT has an expense ratio of 0.65% while KLXY charges 0.69%. CNXT is the cheaper option, by $4 a year on a $10,000 investment.
Which is riskier, CNXT or KLXY?
CNXT has been the more volatile fund at 38.0% annualized versus 16.1% for KLXY. Worst drawdown: CNXT -48.7% vs KLXY -26.6%.
Should I hold both CNXT and KLXY?
CNXT and KLXY have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CNXT or KLXY?
CNXT yields 0.18% while KLXY yields 0.84%, so KLXY currently pays the higher dividend yield.
Is KLXY better than CNXT?
CNXT has a lower expense ratio. CNXT led over the full window, KLXY over 1Y. CNXT is less concentrated, with 54.4% of the fund in its ten largest positions against 64.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.