KraneShares Wahed Alternative Income Index ETF
$25.920.00 (0.00%)
- 0.51%
- $63M
- 0M sh
- $25.87
- low $24.41high $27.11
The ETF.net KWIN Grade
A
Score 86 out of 100
- 1 of 72
Score 86 of 100 falls in the A 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.A100 out of 100Rank 1 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A85 out of 100Rank 6 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B69 out of 100Rank 10 of 72Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 2 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 25 of 72
Our read on KWIN
AAn income fund built for investors who can't own interest. KWIN holds stocks, then sells calls and buys puts on each one, aiming for a delta-neutral book whose payout comes from options premium instead of a coupon.
KWIN seeks alternative option income by holding long positions in selected equities while selling calls and buying puts against each position. The strategy is intended to produce a delta-neutral portfolio and is marketed as an alternative to traditional interest income.
Why people hold it
- 0.51% a year, less than half the roughly 1.07% median of its options-income cohort. In a category where 1%-plus is the norm, that is a real head start.
- The mechanics are unusually explicit: long a selected stock, short a call, long a put, position by position. The collars are the strategy, not a bolt-on overlay.kraneshares.com
- Tracks the Wahed Shariah Alternative Income Index, so income is sourced from options premium rather than interest. Few option-income ETFs are built to that screen.kraneshares.com
- On cost and measured risk it stands among the strongest implementations in a peer group of 64 single-stock option-income funds.
Worth knowing
- Launched in November 2025. The record is short, so any read on how the collars behave across different markets rests on limited history.
- Delta-neutral by design: the sold calls and bought puts are there to strip out the stock move, not to ride it. This is an income engine, not an equity growth sleeve.
- Trades lightly next to the household names of the category, so spreads can be wider than headline size suggests. Limit orders matter more here.
KWIN Holdings
- Stocks
- 63
- 53%
- SNPS
Geography
- United States100.00%
KWIN Performance
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.Not enough history yet.
KWIN$10,273
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.
| Period | KWIN |
|---|---|
| Year to date | +2.7% |
| 1 month | +0.4% |
| 3 months | +1.2% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | KWIN |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +0.9% |
KWIN in the news
KWIN Dividends
Listed Nov 2025. No distributions yet.
KWIN Risk
- —
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.
- —
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.
- —
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.
- 0.001
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
KWIN Cost
0.51%
KWIN0.51%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
No Single-Stock Option Income fund charges less.
Other funds in Single-Stock Option Income
- AACYQFT Vest Autocallable Barrier & High Income ETFExpense ratio 0.75%1 year return —
- AXXVSimplify Ancorato Target 25 Distribution ETFExpense ratio 0.85%1 year return —
- ATSMYYieldMax TSM Option Income Strategy ETFExpense ratio 1.01%1 year return +51.5%
- ASNOYYieldMax SNOW Option Income Strategy ETFExpense ratio 1.00%1 year return +48.5%
- BBRKCYieldMax BRK.B Option Income Strategy ETFExpense ratio 1.01%1 year return +3.2%