KARS vs. KLIP

Last updated Aug 2, 2026

KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) and KLIP (KraneShares China Internet and Covered Call Strategy ETF) are both exchange-traded funds - KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index, while KLIP is a China Equities fund actively managed by KraneShares. KARS is passively managed, while KLIP is actively managed. Over the past 3 years, KARS returned -3.57%/yr vs 6.19%/yr for KLIP. Their 0.61 correlation means they have sometimes moved together and sometimes differently. KARS charges 0.72%/yr vs 0.95%/yr for KLIP.

Performance

KARS vs. KLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and KraneShares China Internet and Covered Call Strategy ETF (KLIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KARS achieves a -3.13% return, which is significantly higher than KLIP's -7.10% return.

KARS

• 1D: -0.95%
• 1M: -5.58%
• 6M: -5.36%
• YTD: -3.13%
• 1Y: 25.51%
• 3Y*: -3.57%
• 5Y*: -7.36%
• 10Y*: —
• ALL TIME*: 3.49%

KLIP

• 1D: 0.31%
• 1M: 6.50%
• 6M: -11.47%
• YTD: -7.10%
• 1Y: -3.45%
• 3Y*: 6.19%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	$357.33K	$457.30K	$1.09M
KLIP KraneShares China Internet and Covered Call Strategy ETF	$623.83K	$609.30K	$993.79K

KARS vs. KLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	-3.13%	46.04%	-17.88%	-14.93%
KLIP KraneShares China Internet and Covered Call Strategy ETF	-7.10%	16.92%	3.37%	11.11%

Correlation

The correlation between KARS and KLIP is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (All Time) Calculated using the full available price history since Jan 12, 2023	0.61

The correlation between KARS and KLIP has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.

KARS vs. KLIP - Sectors Allocation Comparison

Sectors	KARS	KLIP
Consumer Cyclical	35.9%	34.2%
Basic Materials	25.4%	-
Industrials	20.7%	-
Technology	18.0%	4.2%
Communication Services	-	45.8%
Consumer Defensive	-	4.0%
Energy	-	-
Financial Services	-	2.0%
Healthcare	-	6.0%
Real Estate	-	3.9%
Utilities	-	-

Return for Risk

KARS vs. KLIP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KARS

KARS Risk / Return Rank: 34
KARS Sharpe Ratio Rank: 36
KARS Sortino Ratio Rank: 36
KARS Omega Ratio Rank: 35
KARS Calmar Ratio Rank: 31
KARS Martin Ratio Rank: 33

KLIP

KLIP Risk / Return Rank: 7
KLIP Sharpe Ratio Rank: 7
KLIP Sortino Ratio Rank: 7
KLIP Omega Ratio Rank: 7
KLIP Calmar Ratio Rank: 8
KLIP Martin Ratio Rank: 8

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KARS vs. KLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	KARS	KLIP	Difference
Sharpe ratio: Return per unit of total volatility	0.90	-0.26	+1.16
Sortino ratio: Return per unit of downside risk	1.34	-0.25	+1.59
Omega ratio: Gain probability vs. loss probability	1.17	0.97	+0.20
Calmar ratio: Return relative to maximum drawdown	1.02	-0.20	+1.22
Martin ratio: Return relative to average drawdown	3.12	-0.46	+3.59

KARS vs. KLIP - Sharpe Ratio Comparison

The current KARS Sharpe Ratio is 0.90, which is higher than the KLIP Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of KARS and KLIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KARS vs. KLIP - Drawdown Comparison

The maximum KARS drawdown since its inception was -64.85%, which is greater than KLIP's maximum drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for KARS and KLIP.

Drawdown Indicators

	KARS	KLIP	Difference
Max Drawdown Largest peak-to-trough decline	-64.85%	-21.48%	-43.37%
Max Drawdown (1Y) Largest decline over 1 year	-24.94%	-21.48%	-3.46%
Max Drawdown (3Y) Largest decline over 3 years	-45.42%	-21.48%	-23.94%
Max Drawdown (5Y) Largest decline over 5 years	-64.85%	—	—
Current Drawdown Current decline from peak	-40.95%	-12.44%	-28.51%
Average Drawdown Average peak-to-trough decline	-28.48%	-4.32%	-24.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.11%	9.19%	-1.08%

Volatility

KARS vs. KLIP - Volatility Comparison

KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a higher volatility of 8.37% compared to KraneShares China Internet and Covered Call Strategy ETF (KLIP) at 2.40%. This indicates that KARS'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.

Volatility by Period

	KARS	KLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	2.40%	+5.97%
Volatility (6M) Calculated over the trailing 6-month period	22.26%	13.02%	+9.24%
Volatility (1Y) Calculated over the trailing 1-year period	28.30%	16.59%	+11.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.00%	17.99%	+12.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.40%	17.99%	+11.41%

KARS vs. KLIP - Expense Ratio Comparison

KARS has a 0.72% expense ratio, which is lower than KLIP's 0.95% expense ratio.

Dividends

KARS vs. KLIP - Dividend Comparison

KARS's dividend yield for the trailing twelve months is around 0.19%, less than KLIP's 27.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	0.19%	0.18%	0.78%	0.88%	1.13%	6.73%	0.14%	1.85%	1.38%
KLIP KraneShares China Internet and Covered Call Strategy ETF	27.63%	25.14%	54.26%	61.22%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KARS and KLIP in my portfolio?

KARS and KLIP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KARS or KLIP?

KARS has higher volatility (8.37%) compared to KLIP (2.40%). In terms of maximum drawdown, KARS dropped -64.85% vs KLIP's -21.48%.

Which ETF is better, KARS or KLIP?

On 3-year performance, KLIP leads with 6.19% vs -3.57% for KARS. On fees, KARS is cheaper at 0.72% per year. On volatility, KLIP has been the lower-risk option at 2.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KARS or KLIP?

Over the 3-year period, KLIP has performed better with a 6.19% return vs -3.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KARS or KLIP?

KARS is cheaper with a 0.72% expense ratio, compared with 0.95% for KLIP.

Which ETF pays a higher dividend yield, KARS or KLIP?

KLIP has the higher dividend yield at 27.63%, compared with 0.19% for KARS.

What is the main difference between KARS and KLIP?

KARS is categorized as Industrials Equities, while KLIP is China Equities. Their fees differ too: 0.72% for KARS and 0.95% for KLIP.

Which has better risk-adjusted returns?

KARS currently has the higher Sharpe Ratio (0.90 vs -0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.