KALL vs QLTY
KraneShares MSCI All China Index ETF vs GMO US Quality ETF
Which is better, KALL or QLTY?
QLTY has been ahead.
KALL has a lower expense ratio. QLTY led over 1Y and the full window.
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 | KALL | QLTY |
|---|---|---|
| Expense Ratio | 0.49%Best | 0.50% |
| AUM | $9M | $5.4B |
| Dividend Yield | 2.19% | 0.66% |
| Holdings | 210 | 90 |
| Volatility (annualized) | 22.6% | 12.3%Best |
| Max Drawdown | -28.0% | -17.0%Best |
| $10,000 over 1.5 years | $11,848 | $13,091Best |
| Fund Family | KraneShares | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 12, 2015 | Nov 13, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 512 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. KALL has data through May 20, 2025 and QLTY through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Nov 15, 2023 to May 20, 2025 (1.5 years).
Risk: Volatility and Drawdowns
KALL has been the more volatile fund, with annualized monthly volatility of 22.6% compared with 12.3% for QLTY. 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 -28.0% for KALL and -17.0% for QLTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.00. They move largely independently of each other.
Fees and Cost Over Time
KALL charges 0.49% per year while QLTY charges 0.50%. On a $10,000 position that is $49 vs $50 annually, a gap of $1 per year that compounds over a long holding period. On income, KALL currently yields 2.19% against 0.66% for QLTY.
You are not choosing between two funds in isolation.
Whichever of KALL and QLTY 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, KALL or QLTY?
KALL has an expense ratio of 0.49% while QLTY charges 0.50%. KALL is the cheaper option, by $1 a year on a $10,000 investment.
Which is riskier, KALL or QLTY?
KALL has been the more volatile fund at 22.6% annualized versus 12.3% for QLTY. Worst drawdown: KALL -28.0% vs QLTY -17.0%.
Should I hold both KALL and QLTY?
KALL and QLTY have a monthly-return correlation of 0.00, 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, KALL or QLTY?
KALL yields 2.19% while QLTY yields 0.66%, so KALL currently pays the higher dividend yield.
Is QLTY better than KALL?
KALL has a lower expense ratio. QLTY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.