FRWD vs KLXY
Nomura Transformational Technologies ETF vs KraneShares Global Luxury Index ETF
Which is better, FRWD or KLXY?
FRWD costs less.
FRWD has a lower expense ratio. FRWD is less concentrated, with 56.0% 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 | FRWD | KLXY |
|---|---|---|
| Expense Ratio | 0.65%Best | 0.69% |
| AUM | $274M | $2M |
| Dividend Yield | 0.00% | 0.84% |
| Holdings | 54 | 31 |
| Top 10 Weight | 56.0%Best | 64.8% |
| Fund Family | Nomura Asset Management Co Ltd | KraneShares |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jan 13, 2026 | Sep 7, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
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. FRWD has data through Oct 14, 2026 and KLXY through Mar 13, 2026.
Fees and Cost Over Time
FRWD 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, FRWD currently yields 0.00% against 0.84% for KLXY.
Holdings Overlap
We hold position weights for 26 holdings in FRWD and 23 in KLXY, totalling 100.0% 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 244 days apart, FRWD as of Oct 1, 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 26 positions we hold weights for in FRWD and 23 in KLXY, against full books of 54 and 31.
What only one of them owns
Our book lists 7 positions for KLXY that do not appear in our book for FRWD (30.3% of the fund), and 19 for FRWD that do not appear in KLXY (70.4%).
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 FRWD 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, FRWD or KLXY?
FRWD has an expense ratio of 0.65% while KLXY charges 0.69%. FRWD is the cheaper option, by $4 a year on a $10,000 investment.
Which pays a higher dividend, FRWD or KLXY?
FRWD yields 0.00% while KLXY yields 0.84%, so KLXY currently pays the higher dividend yield.
Is KLXY better than FRWD?
FRWD has a lower expense ratio. FRWD is less concentrated, with 56.0% 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.