KEMQ vs. KLIP

Last updated Apr 2, 2026

Compare and contrast key facts about KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) and KraneShares China Internet and Covered Call Strategy ETF (KLIP).

KEMQ and KLIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KEMQ is a passively managed fund by CICC that tracks the performance of the Solactive Emerging Markets Consumer Technology Index. It was launched on Oct 11, 2017. KLIP is managed by CICC. It was launched on Jan 12, 2023.

Performance

KEMQ vs. KLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) and KraneShares China Internet and Covered Call Strategy ETF (KLIP). The values are adjusted to include any dividend payments, if applicable.

KEMQ vs. KLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF	-8.37%	56.28%	13.81%	-7.80%
KLIP KraneShares China Internet and Covered Call Strategy ETF	-9.33%	16.92%	3.37%	10.67%

Returns By Period

In the year-to-date period, KEMQ achieves a -8.37% return, which is significantly higher than KLIP's -9.33% return.

KEMQ

• 1D: -0.25%
• 1M: -9.19%
• YTD: -8.37%
• 6M: -11.06%
• 1Y: 26.81%
• 3Y*: 16.47%
• 5Y*: -6.05%
• 10Y*: —

KLIP

• 1D: -0.39%
• 1M: -4.73%
• YTD: -9.33%
• 6M: -13.24%
• 1Y: -1.81%
• 3Y*: 7.48%
• 5Y*: —
• 10Y*: —

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

KEMQ vs. KLIP - Expense Ratio Comparison

KEMQ has a 0.60% expense ratio, which is lower than KLIP's 0.95% expense ratio.

KLIP

KraneShares China Internet and Covered Call Strategy ETF

KEMQ

KraneShares Emerging Markets Consumer Technology Index ETF

Return for Risk

KEMQ vs. KLIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KEMQ

KEMQ Risk / Return Rank: 48
KEMQ Sharpe Ratio Rank: 53
KEMQ Sortino Ratio Rank: 55
KEMQ Omega Ratio Rank: 48
KEMQ Calmar Ratio Rank: 46
KEMQ Martin Ratio Rank: 41

KLIP

KLIP Risk / Return Rank: 10
KLIP Sharpe Ratio Rank: 10
KLIP Sortino Ratio Rank: 9
KLIP Omega Ratio Rank: 9
KLIP Calmar Ratio Rank: 10
KLIP Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	KEMQ	KLIP	Difference
Sharpe ratio Return per unit of total volatility	0.99	-0.09	+1.08
Sortino ratio Return per unit of downside risk	1.49	0.01	+1.48
Omega ratio Gain probability vs. loss probability	1.19	1.00	+0.19
Calmar ratio Return relative to maximum drawdown	1.27	-0.09	+1.36
Martin ratio Return relative to average drawdown	4.14	-0.31	+4.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KEMQ vs. KLIP - Sharpe Ratio Comparison

The current KEMQ Sharpe Ratio is 0.99, which is higher than the KLIP Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of KEMQ and KLIP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KEMQ	KLIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	-0.09	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.34	-0.34

Correlation

The correlation between KEMQ and KLIP is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

KEMQ vs. KLIP - Dividend Comparison

KEMQ's dividend yield for the trailing twelve months is around 5.75%, less than KLIP's 28.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF	5.75%	5.27%	0.73%	0.29%	0.00%	0.28%	2.28%	1.76%
KLIP KraneShares China Internet and Covered Call Strategy ETF	28.35%	25.14%	54.26%	61.22%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	KEMQ	KLIP	Difference
Max Drawdown Largest peak-to-trough decline	-70.72%	-18.61%	-52.11%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	-17.23%	-4.71%
Max Drawdown (5Y) Largest decline over 5 years	-66.39%	—	—
Current Drawdown Current decline from peak	-38.46%	-14.54%	-23.92%
Average Drawdown Average peak-to-trough decline	-35.75%	-3.36%	-32.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.73%	5.26%	+1.47%

Volatility

KEMQ vs. KLIP - Volatility Comparison

KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) has a higher volatility of 10.25% compared to KraneShares China Internet and Covered Call Strategy ETF (KLIP) at 6.73%. 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.

Volatility by Period

	KEMQ	KLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.25%	6.73%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	19.65%	13.49%	+6.16%
Volatility (1Y) Calculated over the trailing 1-year period	27.20%	19.76%	+7.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.61%	18.18%	+13.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.54%	18.18%	+11.36%