CVLC vs. KLIP
Compare and contrast key facts about Calvert US Large-Cap Core Responsible Index ETF (CVLC) and KraneShares China Internet and Covered Call Strategy ETF (KLIP).
CVLC and KLIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVLC is a passively managed fund by Calvert that tracks the performance of the Calvert US Large-Cap Core Responsible Index - Benchmark TR Gross. It was launched on Jan 30, 2023. KLIP is managed by CICC. It was launched on Jan 12, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVLC or KLIP.
Key characteristics
| CVLC | KLIP | |
|---|---|---|
| YTD Return | 17.98% | 1.55% |
| 1Y Return | 28.48% | 8.08% |
| Sharpe Ratio | 2.12 | 0.51 |
| Daily Std Dev | 13.32% | 15.70% |
| Max Drawdown | -11.30% | -10.39% |
| Current Drawdown | -1.04% | -5.06% |
Correlation
The correlation between CVLC and KLIP is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CVLC vs. KLIP - Performance Comparison
In the year-to-date period, CVLC achieves a 17.98% return, which is significantly higher than KLIP's 1.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CVLC vs. KLIP - Expense Ratio Comparison
CVLC has a 0.15% expense ratio, which is lower than KLIP's 0.95% expense ratio.
Risk-Adjusted Performance
CVLC vs. KLIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Core Responsible Index ETF (CVLC) and KraneShares China Internet and Covered Call Strategy ETF (KLIP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CVLC vs. KLIP - Dividend Comparison
CVLC's dividend yield for the trailing twelve months is around 0.83%, less than KLIP's 55.11% yield.
| TTM | 2023 | |
|---|---|---|
CVLC Calvert US Large-Cap Core Responsible Index ETF | 0.83% | 0.91% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | 55.11% | 61.22% |
Drawdowns
CVLC vs. KLIP - Drawdown Comparison
The maximum CVLC drawdown since its inception was -11.30%, which is greater than KLIP's maximum drawdown of -10.39%. Use the drawdown chart below to compare losses from any high point for CVLC and KLIP. For additional features, visit the drawdowns tool.
Volatility
CVLC vs. KLIP - Volatility Comparison
Calvert US Large-Cap Core Responsible Index ETF (CVLC) and KraneShares China Internet and Covered Call Strategy ETF (KLIP) have volatilities of 4.23% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.