KEMQ vs. KLIP
KEMQ (KraneShares Emerging Markets Consumer Technology Index ETF) and KLIP (KraneShares China Internet and Covered Call Strategy ETF) are both exchange-traded funds - KEMQ is a Emerging Markets Equities fund tracking the Solactive Emerging Markets Consumer Technology Index, while KLIP is a Options Trading fund managed by CICC. Over the past 3 years, KEMQ returned 24.53%/yr vs 6.07%/yr for KLIP. A 0.79 correlation means they provide meaningful diversification when combined. KEMQ charges 0.60%/yr vs 0.95%/yr for KLIP.
Performance
KEMQ vs. KLIP - Performance Comparison
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Returns By Period
In the year-to-date period, KEMQ achieves a 6.13% return, which is significantly higher than KLIP's -12.64% return.
KEMQ
- 1D
- 0.89%
- 1M
- 5.98%
- YTD
- 6.13%
- 6M
- 6.59%
- 1Y
- 28.90%
- 3Y*
- 24.53%
- 5Y*
- -3.07%
- 10Y*
- —
KLIP
- 1D
- -0.80%
- 1M
- -3.96%
- YTD
- -12.64%
- 6M
- -14.80%
- 1Y
- -5.67%
- 3Y*
- 6.07%
- 5Y*
- —
- 10Y*
- —
KEMQ vs. KLIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF | 6.13% | 56.28% | 13.81% | -10.21% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | -12.64% | 16.92% | 3.37% | 11.11% |
Correlation
The correlation between KEMQ and KLIP is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2023 | 0.79 |
The correlation between KEMQ and KLIP has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
KEMQ vs. KLIP — Risk / Return Rank
KEMQ
KLIP
KEMQ vs. KLIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) 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.
| KEMQ | KLIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.95 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.32 | +1.65 |
| Martin ratioReturn relative to average drawdown | 3.42 | -0.76 | +4.18 |
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Drawdowns
KEMQ vs. KLIP - Drawdown Comparison
The maximum KEMQ drawdown since its inception was -70.72%, which is greater than KLIP's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for KEMQ and KLIP.
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Drawdown Indicators
| KEMQ | KLIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.72% | -18.61% | -52.11% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -17.65% | -4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -18.61% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -66.02% | — | — |
Current DrawdownCurrent decline from peak | -28.72% | -17.65% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -35.64% | -3.95% | -31.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 7.49% | +0.97% |
Volatility
KEMQ vs. KLIP - Volatility Comparison
KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) has a higher volatility of 11.02% compared to KraneShares China Internet and Covered Call Strategy ETF (KLIP) at 5.80%. This indicates that KEMQ'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.
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Volatility by Period
| KEMQ | KLIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.02% | 5.80% | +5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 22.56% | 13.09% | +9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.18% | 16.12% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.11% | 18.10% | +14.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 18.10% | +11.55% |
KEMQ vs. KLIP - Expense Ratio Comparison
KEMQ has a 0.60% expense ratio, which is lower than KLIP's 0.95% expense ratio.
Dividends
KEMQ vs. KLIP - Dividend Comparison
KEMQ's dividend yield for the trailing twelve months is around 4.96%, less than KLIP's 29.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF | 4.96% | 5.27% | 0.73% | 0.29% | 0.00% | 0.28% | 2.28% | 1.76% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | 29.68% | 25.14% | 54.26% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KEMQ and KLIP have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KEMQ has higher volatility (11.02%) compared to KLIP (5.80%). In terms of maximum drawdown, KEMQ dropped -70.72% vs KLIP's -18.61%.
On 3-year performance, KEMQ leads with 24.53% vs 6.07% for KLIP. On fees, KEMQ is cheaper at 0.60% per year. On volatility, KLIP has been the lower-risk option at 5.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KEMQ has performed better with a 24.53% return vs 6.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KEMQ is cheaper with a 0.60% expense ratio, compared with 0.95% for KLIP.
KLIP has the higher dividend yield at 29.68%, compared with 4.96% for KEMQ.
KEMQ is categorized as Emerging Markets Equities, while KLIP is Options Trading. Their fees differ too: 0.60% for KEMQ and 0.95% for KLIP.
KEMQ currently has the higher Sharpe Ratio (1.07 vs -0.35), 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.
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