KEMX vs. KLIP
Compare and contrast key facts about KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) and KraneShares China Internet and Covered Call Strategy ETF (KLIP).
KEMX and KLIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KEMX is a passively managed fund by CICC that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Apr 12, 2019. 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: KEMX or KLIP.
Key characteristics
| KEMX | KLIP | |
|---|---|---|
| YTD Return | 3.82% | -0.09% |
| 1Y Return | 14.69% | 3.31% |
| Sharpe Ratio | 0.93 | 0.23 |
| Sortino Ratio | 1.32 | 0.43 |
| Omega Ratio | 1.18 | 1.06 |
| Calmar Ratio | 0.92 | 0.40 |
| Martin Ratio | 4.64 | 0.90 |
| Ulcer Index | 3.06% | 4.24% |
| Daily Std Dev | 15.27% | 16.82% |
| Max Drawdown | -38.80% | -10.39% |
| Current Drawdown | -8.05% | -6.60% |
Correlation
The correlation between KEMX and KLIP is 0.54, 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
KEMX vs. KLIP - Performance Comparison
In the year-to-date period, KEMX achieves a 3.82% return, which is significantly higher than KLIP's -0.09% 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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KEMX vs. KLIP - Expense Ratio Comparison
KEMX has a 0.25% expense ratio, which is lower than KLIP's 0.95% expense ratio.
Risk-Adjusted Performance
KEMX vs. KLIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) 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
KEMX vs. KLIP - Dividend Comparison
KEMX's dividend yield for the trailing twelve months is around 1.92%, less than KLIP's 56.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
KEMX KraneShares MSCI Emerging Markets ex China Index ETF | 1.92% | 2.00% | 4.11% | 4.79% | 1.69% | 2.77% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | 56.97% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KEMX vs. KLIP - Drawdown Comparison
The maximum KEMX drawdown since its inception was -38.80%, which is greater than KLIP's maximum drawdown of -10.39%. Use the drawdown chart below to compare losses from any high point for KEMX and KLIP. For additional features, visit the drawdowns tool.
Volatility
KEMX vs. KLIP - Volatility Comparison
The current volatility for KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) is 3.79%, while KraneShares China Internet and Covered Call Strategy ETF (KLIP) has a volatility of 8.38%. This indicates that KEMX experiences smaller price fluctuations and is considered to be less risky than KLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.