KraneShares China Internet and Covered Call Strategy ETF (KLIP) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with KLIP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KLIP
KLIP charges 0.95% annually. There are 126 ETFs in the Options Trading category with lower expense ratios, going as low as 0.29%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Hedged Equity ETF | 0.29% | 140.25M | Oct 2023 | KLIP vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.58M | Jul 2025 | KLIP vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 300.35M | Nov 2021 | KLIP vs HEQT | |
| Amplify BlackSwan ISWN ETF | 0.49% | 36.25M | Jan 2021 | KLIP vs ISWN | |
| PGIM US Large-Cap Buffer 12 ETF - January | 0.50% | — | Dec 2023 | KLIP vs JANP |
Best Risk-Adjusted Alternatives to KLIP
KLIP has a PortfoliosLab risk / return rank of 6. There are 141 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | KLIP vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.26M | Mar 2023 | KLIP vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 190.94M | May 2020 | KLIP vs APRW | |
| PGIM US Large-Cap Buffer 20 ETF - April | 98 | — | Mar 2024 | KLIP vs PBAP | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 98 | — | Mar 2024 | KLIP vs XIMR |
Top Performing KLIP Alternatives (YTD)
KLIP is at -10.03% YTD. There are 146 ETFs in the Options Trading category with higher YTD returns, going as high as 113.61%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 113.61% | 443.39M | Sep 2023 | KLIP vs AMDY | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 16.43% | 190.88M | Sep 2023 | KLIP vs QQQY | |
| Kurv Technology Titans Select ETF | 15.18% | 100.42M | Jul 2024 | KLIP vs KQQQ | |
| REX NVIDIA Growth & Income ETF | 15.17% | 106.68M | May 2025 | KLIP vs NVII | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 14.45% | 923.83M | Mar 2024 | KLIP vs QDTE |
Lowest Volatility Alternatives to KLIP
KLIP has 16.55% 1-year volatility. There are 131 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.27%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.27% | — | Mar 2024 | KLIP vs LAPR | |
| Alpha Architect Tail Risk ETF | 1.56% | 668.40M | Aug 2013 | KLIP vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - April | 1.56% | 32.26M | Mar 2023 | KLIP vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | 1.56% | 13.64M | Jun 2023 | KLIP vs JULJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.04% | — | Mar 2024 | KLIP vs XIMR |
Lowest Drawdown Alternatives to KLIP
KLIP has a 1-year max drawdown of -21.48%. There are 135 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | -0.36% | — | Mar 2024 | KLIP vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.26M | Mar 2023 | KLIP vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.64M | Jun 2023 | KLIP vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 668.40M | Aug 2013 | KLIP vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 190.94M | May 2020 | KLIP vs APRW |
Other ETFs from CICC
The 10 most viewed CICC ETFs shown here include KRBN, KBA, IVOL and span 8 categories. AUM among these funds goes as high as $276M.
Often Compared With KLIP
Investors most often compare KLIP with KWEB, NVDY, FXP. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare KLIP with Any Fund or Stock
Compare KLIP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KLIP with funds that move differently
KraneShares China Internet and Covered Call Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KLIP.
Explore KLIP Diversifiers