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KWIN vs MEIB

KraneShares Wahed Alternative Income Index ETF

KWINANYSE Arca

Direxion META Defined Income Boost ETF

MEIBCCboe

Overlap

Expense ratio

KWIN −0.46pt a year

KWIN0.51%MEIB0.97%

Avg volume · 30D

KWIN 21.4×the volume

KWIN14.3KMEIB668

KWIN vs MEIB Performance

Aug 7, 2026 – Nov 9, 2026

+0.8%KWIN+7.2%MEIB

Aug 7, 2026 to Nov 9, 2026. KWIN +0.8%. MEIB +7.2%. Use the arrow keys to read each point.−10%20%30%Aug 2026Sep 2026Nov 2026
Expense ratio
KWIN 0.51%, better
MEIB 0.97%
Fund size
KWIN $64M
MEIB $2M
1Y total return
KWIN +3.7%
MEIB No data
Holdings
KWIN 55
MEIB 6
Avg volume (30D)
KWIN 14.3K sh, better
MEIB 668 sh
NAV per share
KWIN $25.93
MEIB $24.21
52W range

ETF.net Grade

KWIN: Cost 100, Risk 87, Mission not scored, Tradability 70, Holdings 65, Durability 68. MEIB: Cost 91, Risk 65, Mission not scored, Tradability 7, Holdings not scored, Durability 29.
Pillar letters and Scores for KWIN, MEIB, with each pillar’s weight
PillarKWINMEIB
Cost30% weightA100HigherA91
Mission25% weightNot scoredNot scored
Risk15% weightA87HigherB65
Tradability15% weightA70HigherF7
Holdings10% weightB65Not scored
Durability5% weightB68HigherD29

Rank among Single-Stock Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. KWIN and MEIB are both graded against the same 71 Single-Stock Option Income funds, so their Grades compare head to head.

Single-Stock Option Income⁠

Category · 71 funds
See all 71 ›

KWIN ranks 1st and MEIB 43rd of 71 funds in the Single-Stock Option Income Category.

  1. Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
  2. Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
  3. Rank 43CIOYYGraniteShares YieldBOOST IONQ ETFScore 40
  4. Rank 43CMEIBDirexion META Defined Income Boost ETFScore 40
  5. Rank 43CMUIBDirexion MU Defined Income Boost ETFScore 40

Our read on each fund

ETF.net Research

KWINAKraneShares Wahed Alternative Income Index ETF

MEIBCDirexion META Defined Income Boost ETF

In short

KWIN An 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.

MEIB No data

Stated mandate

KWIN 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.

MEIB No data

Why people hold it

  • KWIN 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.

MEIB No data

Worth knowing

  • KWIN 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.

MEIB No data

Full KWIN profile⁠

Full MEIB profile⁠

KWIN vs MEIB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KWIN vs MEIB Cost

Overpaying MEIB vs KWIN

$8,033

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KWIN 0.51%

    $10,165

  • MEIB 0.97%

    $18,198

$10,000
30 years

Cost over time

  • KWIN 0.51%
  • MEIB 0.97%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MEIB $18,198KWIN $10,165

Year by year

YearKWINMEIBOverpaying
10$918$1,712$794
20$3,527$6,443$2,916
30$10,165$18,198$8,033

Expense ratio

  • 0.51%KWIN, cheaper
  • 0.97%MEIB
  • Middle half of Single-Stock Option Income funds
  • Median 1.04%

KWIN cheapest of 71 funds

MEIB 6th cheapest of 71 funds

KWIN vs MEIB Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
KWIN None
MEIB No data
Last payment
KWIN No data
MEIB $0.20
Ex-dividend
KWIN No data
MEIB Oct 30, 2026
Paid on
KWIN No data
MEIB Nov 2, 2026
Frequency
KWIN No data
MEIB Irregular

Distribution history

Per share, 2026, same scale for both

KWINAll KWIN payments⁠

No distribution history available.

MEIBIrregular · 6 paymentsAll MEIB payments⁠
One bar per payment. 6 payments in 2026 YTD. Aug 14, 2026 $0.20; Aug 28, 2026 $0.16; Sep 15, 2026 $0.22; Sep 30, 2026 $0.25; Oct 15, 2026 $0.26; Oct 30, 2026 $0.20. Use the arrow keys to read each point.$0$0.252026YTD

KWIN vs MEIB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Worst fallMax drawdown, 5 years
KWIN −1.6%since Nov 2025MEIB No data
Market sensitivityBeta, 5 years
KWIN 0.001MEIB 1.24

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