KraneShares China Internet and Covered Call Strategy ETF (KLIP)
The fund aims to generate income by utilizing a covered call strategy. It purchases shares of the KraneShares CSI China Internet ETF (KWEB) and sells corresponding call options on KWEB, providing investors with current yield and limited participation in potential price gains. Both KLIP and KWEB are linked to the CSI Overseas China Internet Index, which tracks publicly traded China-based companies in the Internet sector.
ETF Info
| ISIN | US5007674709 |
|---|---|
| CUSIP | 500767470 |
| Issuer | CICC |
| Inception Date | Jan 12, 2023 |
| Category | Options Trading |
| Leveraged | 1x |
| Distribution Policy | Distributing |
| Home Page | kraneshares.com |
| Asset Class | Alternatives |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
KLIP has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: KLIP vs. NVDY, KLIP vs. KWEB, KLIP vs. FXP, KLIP vs. XPP, KLIP vs. FCA, KLIP vs. QQQ, KLIP vs. YANG, KLIP vs. TSLA, KLIP vs. VOO, KLIP vs. VFIAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in KraneShares China Internet and Covered Call Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
KraneShares China Internet and Covered Call Strategy ETF had a return of -0.63% year-to-date (YTD) and 1.98% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.63% | 25.48% |
| 1 month | -4.02% | 2.14% |
| 6 months | -6.66% | 12.76% |
| 1 year | 1.98% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of KLIP, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -8.60% | 6.32% | 3.80% | 3.20% | -0.16% | -4.53% | 0.48% | 0.40% | 4.30% | -2.33% | -0.63% | ||
| 2023 | 0.47% | -5.84% | 3.24% | -0.82% | -4.93% | 6.74% | 6.13% | -1.10% | 0.76% | -0.62% | 5.77% | 1.28% | 10.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of KLIP is 10, indicating that it is in the bottom 10% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for KraneShares China Internet and Covered Call Strategy ETF (KLIP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
KraneShares China Internet and Covered Call Strategy ETF provided a 57.27% dividend yield over the last twelve months, with an annual payout of $6.39 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $6.39 | $9.96 |
Dividend yield | 57.27% | 61.22% |
Monthly Dividends
The table displays the monthly dividend distributions for KraneShares China Internet and Covered Call Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.57 | $0.62 | $0.61 | $0.53 | $0.51 | $0.46 | $0.40 | $0.38 | $0.40 | $0.61 | $0.00 | $5.08 | |
| 2023 | $0.56 | $1.16 | $1.10 | $1.03 | $0.86 | $0.84 | $0.83 | $0.83 | $0.75 | $0.70 | $0.68 | $0.63 | $9.96 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the KraneShares China Internet and Covered Call Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the KraneShares China Internet and Covered Call Strategy ETF was 10.39%, occurring on Mar 15, 2023. Recovery took 82 trading sessions.
The current KraneShares China Internet and Covered Call Strategy ETF drawdown is 7.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.39% | Jan 30, 2023 | 32 | Mar 15, 2023 | 82 | Jul 13, 2023 | 114 |
| -9.53% | Jan 2, 2024 | 14 | Jan 22, 2024 | 41 | Mar 20, 2024 | 55 |
| -9.33% | May 20, 2024 | 52 | Aug 2, 2024 | — | — | — |
| -6.24% | Aug 1, 2023 | 14 | Aug 18, 2023 | 10 | Sep 1, 2023 | 24 |
| -4.58% | Oct 12, 2023 | 7 | Oct 20, 2023 | 11 | Nov 6, 2023 | 18 |
Volatility
Volatility Chart
The current KraneShares China Internet and Covered Call Strategy ETF volatility is 7.77%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.