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Launched

KraneShares 2x Long MELI Daily ETF

KMLINasdaqCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$9.43−0.18 (−1.83%)

At close: Oct 13, 2026, 4:00 PM

C50/ 100

Rank 77 of 380 in Single-Stock Long Leveraged

C50/100Rank 77 of 380inSingle-Stock Long Leveraged
Intraday session: down, 54 prints from 9.61 to 9.43. Range 9.43 to 9.71. Use the arrow keys to read each point.9.509.559.659.7010 AM12 PM2 PM4 PM
Expense ratio
1.26%
Fund size
$8M
1Y total return
−42.4%
Yield · Last 12 months
Data unavailable
Holdings
2
Avg volume · 30D
0.1M sh
NAV per share
$9.59
52W range
low $6.74high $23.22
Launched

The ETF.net KMLI Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
77 of 380
Six-pillar profile for KMLI. Scores out of 100: Cost 39, Risk 54, Mission 99, Tradability 65, Holdings not scored, Durability 61. Strongest: Mission (99). Weakest: Cost (39). Based on 5 of 6 pillars.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D39 out of 100
    Rank 230 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 5 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 144 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 out of 100
    Rank 101 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 121 of 380

Our read on KMLI

ETF.net Research

CThe leveraged single-stock aisle is stacked with the same US mega-caps. KMLI points the machinery somewhere else: twice Mercado Libre's daily percentage move, before fees and expenses.

Stated mandate

The fund seeks daily investment results equal to twice the daily percentage change of Mercado Libre Inc., before fees and expenses.

Why people hold it

  1. 01Twice MELI's daily percentage move, before fees, from a standard brokerage account. No margin loan, no options chain, no share borrow to arrange.kraneshares.com
  2. 02Most geared single-stock funds crowd into names like Apple and Alphabet (AAPU, GGLL). A 2x wrapper on Mercado Libre is a rarer item on the shelf.
  3. 03Its daily results track the stated 2x target closely, and it stands in the upper half of a crowded field of leveraged single-stock bulls.

Worth knowing

  1. 01The leverage resets daily. Hold past one session and compounding takes over: a choppy stretch can leave the fund well off 2x the stock's move over that period.
  2. 02The 1.26% expense ratio sits above the typical fee in this cohort, and the cost of maintaining leverage rides on top of it.
  3. 03Launched in 2025, small, and only moderately traded, so spreads can run wider than the mega-cap-linked funds beside it.

KMLI Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
100%
Largest holding
MercadoLibre, Inc.66.7%

Sectors

  • Consumer Discretionary100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MercadoLibre, Inc.66.67%8,228$15M1
002—Cash33.33%-7,630,595$8M112

Showing 1–2 of 2 holdings

KMLI Performance

Launched Jun 11, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
KMLI$5,761
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. KMLI $5,761. SPY $12,044. Use the arrow keys to read each point.$3,684$8,182$12,679Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for KMLI. Periods over one year show the average yearly return.
PeriodKMLI
Year to date−30.4%
1 month−2.8%
3 months−3.0%
1 year−42.4%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for KMLI
YearReturn barKMLI
2026 YTD−30.4%
2025−38.0%

History from Jun 12, 2025

KMLI in the news

Filtered to KMLI · Single-Stock Long Leveraged

KMLI Dividends

Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 2 payments from 2025 to 2026 YTD. Dec 22, 2025 $1.45; Dec 30, 2025 $0.02. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.02
Dec 22, 2025Dec 23, 2025$1.45

KMLI Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
50.9%
Annualised · 15 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−1.61
vs 3-month T-bills · 15 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−73.2%
16 months · trough May 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.69
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

KMLI Cost

Expense ratio1.26%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

232 of the 333 Single-Stock Long Leveraged funds charge less.

KMLI costs $126.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

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