KraneShares China Internet and Covered Call Strategy ETF (KLIP)

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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.

KraneShares China Internet and Covered Call Strategy ETF (KLIP) has returned -8.98% so far this year and -1.25% over the past 12 months.

Based on dividend-adjusted daily data since Jan 12, 2023, KLIP's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, your investment would double in approximately 10.0 years.

Historically, 62% of months were positive and 38% were negative. The best month was Jun 2023 with a return of +6.7%, while the worst month was Jan 2024 at -8.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 2 months.

On a daily basis, KLIP closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +6.4%, while the worst single day was Apr 4, 2025 at -8.2%.

KraneShares China Internet and Covered Call Strategy ETF has an annualized alpha of -2.29%, beta of 0.61, and R² of 0.25 versus S&P 500 Index. Calculated based on daily prices since January 13, 2023.

• This ETF participated in 64.75% of S&P 500 Index downside but only 43.68% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.61 may look defensive, but with R² of 0.25 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.25 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

KLIP has a high expense ratio of 0.95%, indicating above-average management fees.

KLIP ranks 10 for risk / return — in the bottom 10% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for KraneShares China Internet and Covered Call Strategy ETF (KLIP) and compare them to a chosen benchmark (S&P 500 Index).

KraneShares China Internet and Covered Call Strategy ETF provided a 28.24% dividend yield over the last twelve months, with an annual payout of $7.26 per share.

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.

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.

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 18.61%, occurring on Apr 8, 2025. Recovery took 47 trading sessions.

The current KraneShares China Internet and Covered Call Strategy ETF drawdown is 14.21%.

The chart below shows the rolling one-month volatility.