FCA vs. KLIP
Compare and contrast key facts about First Trust China AlphaDEX Fund (FCA) and KraneShares China Internet and Covered Call Strategy ETF (KLIP).
FCA and KLIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX China Index. It was launched on Apr 18, 2011. 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: FCA or KLIP.
Key characteristics
| FCA | KLIP | |
|---|---|---|
| YTD Return | 16.35% | 2.76% |
| 1Y Return | 19.28% | 6.38% |
| Sharpe Ratio | 0.63 | 0.40 |
| Sortino Ratio | 1.08 | 0.68 |
| Omega Ratio | 1.14 | 1.09 |
| Calmar Ratio | 0.46 | 0.66 |
| Martin Ratio | 2.42 | 1.50 |
| Ulcer Index | 8.01% | 4.21% |
| Daily Std Dev | 30.74% | 15.79% |
| Max Drawdown | -45.55% | -10.39% |
| Current Drawdown | -25.94% | -3.93% |
Correlation
The correlation between FCA and KLIP is 0.55, 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
FCA vs. KLIP - Performance Comparison
In the year-to-date period, FCA achieves a 16.35% return, which is significantly higher than KLIP's 2.76% 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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FCA vs. KLIP - Expense Ratio Comparison
FCA has a 0.80% expense ratio, which is lower than KLIP's 0.95% expense ratio.
Risk-Adjusted Performance
FCA vs. KLIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust China AlphaDEX Fund (FCA) 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
FCA vs. KLIP - Dividend Comparison
FCA's dividend yield for the trailing twelve months is around 5.37%, less than KLIP's 55.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCA First Trust China AlphaDEX Fund | 5.37% | 5.71% | 6.00% | 4.91% | 4.12% | 3.73% | 3.10% | 2.30% | 2.51% | 4.13% | 2.47% | 2.86% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | 55.39% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCA vs. KLIP - Drawdown Comparison
The maximum FCA drawdown since its inception was -45.55%, which is greater than KLIP's maximum drawdown of -10.39%. Use the drawdown chart below to compare losses from any high point for FCA and KLIP. For additional features, visit the drawdowns tool.
Volatility
FCA vs. KLIP - Volatility Comparison
First Trust China AlphaDEX Fund (FCA) has a higher volatility of 9.88% compared to KraneShares China Internet and Covered Call Strategy ETF (KLIP) at 5.96%. This indicates that FCA's price experiences larger fluctuations and is considered to be riskier than KLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.