KLIP vs. KBA
Compare and contrast key facts about KraneShares China Internet and Covered Call Strategy ETF (KLIP) and KraneShares Bosera MSCI China A Share ETF (KBA).
KLIP and KBA 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. KBA is a passively managed fund by CICC that tracks the performance of the MSCI China A Index. It was launched on Mar 5, 2014.
Performance
KLIP vs. KBA - Performance Comparison
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KLIP vs. KBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | -8.98% | 16.92% | 3.37% | 10.67% |
KBA KraneShares Bosera MSCI China A Share ETF | -2.07% | 33.88% | 15.73% | -23.80% |
Returns By Period
In the year-to-date period, KLIP achieves a -8.98% return, which is significantly lower than KBA's -2.07% return.
KLIP
- 1D
- 2.10%
- 1M
- -5.77%
- YTD
- -8.98%
- 6M
- -12.63%
- 1Y
- -1.25%
- 3Y*
- 7.62%
- 5Y*
- —
- 10Y*
- —
KBA
- 1D
- 1.99%
- 1M
- -1.37%
- YTD
- -2.07%
- 6M
- 2.24%
- 1Y
- 30.16%
- 3Y*
- 7.43%
- 5Y*
- 5.20%
- 10Y*
- 8.14%
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KLIP vs. KBA - Expense Ratio Comparison
KLIP has a 0.95% expense ratio, which is higher than KBA's 0.60% expense ratio.
Return for Risk
KLIP vs. KBA — Risk / Return Rank
KLIP
KBA
KLIP vs. KBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares China Internet and Covered Call Strategy ETF (KLIP) and KraneShares Bosera MSCI China A Share ETF (KBA). 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.
| KLIP | KBA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | 1.63 | -1.69 |
Sortino ratioReturn per unit of downside risk | 0.05 | 2.20 | -2.15 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.32 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.54 | -2.61 |
Martin ratioReturn relative to average drawdown | -0.26 | 10.01 | -10.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KLIP | KBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 1.63 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.31 | +0.03 |
Correlation
The correlation between KLIP and KBA is 0.62, 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.
Dividends
KLIP vs. KBA - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 28.24%, more than KBA's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 28.24% | 25.14% | 54.26% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBA KraneShares Bosera MSCI China A Share ETF | 1.60% | 1.56% | 2.18% | 2.34% | 49.05% | 9.07% | 0.65% | 1.53% | 3.77% | 1.46% | 6.62% | 29.08% |
Drawdowns
KLIP vs. KBA - Drawdown Comparison
The maximum KLIP drawdown since its inception was -18.61%, smaller than the maximum KBA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for KLIP and KBA.
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Drawdown Indicators
| KLIP | KBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.61% | -53.24% | +34.63% |
Max Drawdown (1Y)Largest decline over 1 year | -17.23% | -11.30% | -5.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.32% | — |
Current DrawdownCurrent decline from peak | -14.21% | -5.08% | -9.13% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -26.15% | +22.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 3.01% | +2.17% |
Volatility
KLIP vs. KBA - Volatility Comparison
KraneShares China Internet and Covered Call Strategy ETF (KLIP) has a higher volatility of 7.16% compared to KraneShares Bosera MSCI China A Share ETF (KBA) at 5.63%. This indicates that KLIP's price experiences larger fluctuations and is considered to be riskier than KBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KLIP | KBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 5.63% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 11.80% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.76% | 18.64% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 27.07% | -8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 25.28% | -7.09% |