GIAX vs. KLIP
Compare and contrast key facts about Nicholas Global Equity and Income ETF (GIAX) and KraneShares China Internet and Covered Call Strategy ETF (KLIP).
GIAX and KLIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GIAX is an actively managed fund by Nicholas Wealth Management. It was launched on Jul 29, 2024. 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: GIAX or KLIP.
Correlation
The correlation between GIAX and KLIP is 0.42, 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
GIAX vs. KLIP - Performance Comparison
Key characteristics
GIAX:
21.88%
KLIP:
20.60%
GIAX:
-20.38%
KLIP:
-18.61%
GIAX:
-9.25%
KLIP:
-7.48%
Returns By Period
In the year-to-date period, GIAX achieves a -5.08% return, which is significantly lower than KLIP's 1.70% return.
GIAX
-5.08%
-0.66%
-5.47%
N/A
N/A
N/A
KLIP
1.70%
-6.27%
3.58%
1.01%
N/A
N/A
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GIAX vs. KLIP - Expense Ratio Comparison
GIAX has a 0.97% expense ratio, which is higher than KLIP's 0.95% expense ratio.
Risk-Adjusted Performance
GIAX vs. KLIP — Risk-Adjusted Performance Rank
GIAX
KLIP
GIAX vs. KLIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Global Equity and Income ETF (GIAX) 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.
Not enough dataDividends
GIAX vs. KLIP - Dividend Comparison
GIAX's dividend yield for the trailing twelve months is around 18.44%, less than KLIP's 46.40% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
GIAX Nicholas Global Equity and Income ETF | 18.44% | 10.58% | 0.00% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | 46.40% | 54.85% | 61.22% |
Drawdowns
GIAX vs. KLIP - Drawdown Comparison
The maximum GIAX drawdown since its inception was -20.38%, which is greater than KLIP's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for GIAX and KLIP. For additional features, visit the drawdowns tool.
Volatility
GIAX vs. KLIP - Volatility Comparison
Nicholas Global Equity and Income ETF (GIAX) and KraneShares China Internet and Covered Call Strategy ETF (KLIP) have volatilities of 14.12% and 14.10%, 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.