KLIP vs. FXP
Compare and contrast key facts about KraneShares China Internet and Covered Call Strategy ETF (KLIP) and ProShares UltraShort FTSE China 50 (FXP).
KLIP and FXP 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. FXP is a passively managed fund by ProShares that tracks the performance of the FTSE China 50 Net Tax USD (TR) (-200%). It was launched on Nov 8, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KLIP or FXP.
Performance
KLIP vs. FXP - Performance Comparison
Returns By Period
In the year-to-date period, KLIP achieves a 0.44% return, which is significantly higher than FXP's -49.35% return.
KLIP
0.44%
-1.71%
-4.43%
1.71%
N/A
N/A
FXP
-49.35%
8.82%
-28.71%
-42.90%
-20.25%
-20.07%
Key characteristics
| KLIP | FXP | |
|---|---|---|
| Sharpe Ratio | 0.11 | -0.66 |
| Sortino Ratio | 0.28 | -0.72 |
| Omega Ratio | 1.04 | 0.91 |
| Calmar Ratio | 0.20 | -0.43 |
| Martin Ratio | 0.43 | -1.14 |
| Ulcer Index | 4.39% | 38.10% |
| Daily Std Dev | 16.93% | 65.23% |
| Max Drawdown | -10.39% | -99.90% |
| Current Drawdown | -6.10% | -99.86% |
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KLIP vs. FXP - Expense Ratio Comparison
Both KLIP and FXP have an expense ratio of 0.95%.
Correlation
The correlation between KLIP and FXP is -0.87. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
KLIP vs. FXP - 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 ProShares UltraShort FTSE China 50 (FXP). 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. FXP - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 56.66%, more than FXP's 4.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 56.66% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXP ProShares UltraShort FTSE China 50 | 4.75% | 2.20% | 0.06% | 0.00% | 0.06% | 1.20% | 0.16% |
Drawdowns
KLIP vs. FXP - Drawdown Comparison
The maximum KLIP drawdown since its inception was -10.39%, smaller than the maximum FXP drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for KLIP and FXP. For additional features, visit the drawdowns tool.
Volatility
KLIP vs. FXP - Volatility Comparison
The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 7.29%, while ProShares UltraShort FTSE China 50 (FXP) has a volatility of 20.00%. This indicates that KLIP experiences smaller price fluctuations and is considered to be less risky than FXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.