KLIP vs. FCA
Compare and contrast key facts about KraneShares China Internet and Covered Call Strategy ETF (KLIP) and First Trust China AlphaDEX Fund (FCA).
KLIP and FCA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KLIP is managed by CICC. It was launched on Jan 12, 2023. FCA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX China Index. It was launched on Apr 18, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KLIP or FCA.
Key characteristics
| KLIP | FCA | |
|---|---|---|
| YTD Return | 2.05% | 15.04% |
| 1Y Return | 5.89% | 19.35% |
| Sharpe Ratio | 0.33 | 0.53 |
| Sortino Ratio | 0.57 | 0.94 |
| Omega Ratio | 1.07 | 1.12 |
| Calmar Ratio | 0.57 | 0.39 |
| Martin Ratio | 1.28 | 2.01 |
| Ulcer Index | 4.22% | 8.12% |
| Daily Std Dev | 16.52% | 31.06% |
| Max Drawdown | -10.39% | -45.55% |
| Current Drawdown | -4.60% | -26.78% |
Correlation
The correlation between KLIP and FCA is 0.55, 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
KLIP vs. FCA - Performance Comparison
In the year-to-date period, KLIP achieves a 2.05% return, which is significantly lower than FCA's 15.04% 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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KLIP vs. FCA - Expense Ratio Comparison
KLIP has a 0.95% expense ratio, which is higher than FCA's 0.80% expense ratio.
Risk-Adjusted Performance
KLIP vs. FCA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares China Internet and Covered Call Strategy ETF (KLIP) and First Trust China AlphaDEX Fund (FCA). 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
KLIP vs. FCA - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 55.77%, more than FCA's 5.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 55.77% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCA First Trust China AlphaDEX Fund | 5.43% | 5.71% | 6.00% | 4.91% | 4.12% | 3.73% | 3.10% | 2.30% | 2.51% | 4.13% | 2.47% | 2.86% |
Drawdowns
KLIP vs. FCA - Drawdown Comparison
The maximum KLIP drawdown since its inception was -10.39%, smaller than the maximum FCA drawdown of -45.55%. Use the drawdown chart below to compare losses from any high point for KLIP and FCA. For additional features, visit the drawdowns tool.
Volatility
KLIP vs. FCA - Volatility Comparison
The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 7.77%, while First Trust China AlphaDEX Fund (FCA) has a volatility of 9.96%. This indicates that KLIP experiences smaller price fluctuations and is considered to be less risky than FCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.