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KLIP vs. KWEB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

KLIP vs. KWEB - Performance Comparison

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

-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
-5.68%
0.40%
KLIP
KWEB

Returns By Period

In the year-to-date period, KLIP achieves a -0.80% return, which is significantly lower than KWEB's 11.04% return.


KLIP

YTD

-0.80%

1M

-2.28%

6M

-5.61%

1Y

0.10%

5Y (annualized)

N/A

10Y (annualized)

N/A

KWEB

YTD

11.04%

1M

-6.63%

6M

0.33%

1Y

6.78%

5Y (annualized)

-6.96%

10Y (annualized)

-0.51%

Key characteristics


KLIPKWEB
Sharpe Ratio0.010.18
Sortino Ratio0.130.56
Omega Ratio1.021.07
Calmar Ratio0.010.09
Martin Ratio0.020.53
Ulcer Index4.43%12.67%
Daily Std Dev17.06%38.24%
Max Drawdown-10.39%-80.92%
Current Drawdown-7.26%-68.40%

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KLIP vs. KWEB - Expense Ratio Comparison

KLIP has a 0.95% expense ratio, which is higher than KWEB's 0.76% expense ratio.


KLIP
KraneShares China Internet and Covered Call Strategy ETF
Expense ratio chart for KLIP: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for KWEB: current value at 0.76% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.76%

Correlation

The correlation between KLIP and KWEB is 0.92, 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.


-0.50.00.51.00.9

Risk-Adjusted Performance

KLIP vs. KWEB - 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 KraneShares CSI China Internet ETF (KWEB). 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.


Sharpe ratio
The chart of Sharpe ratio for KLIP, currently valued at 0.01, compared to the broader market-2.000.002.004.006.000.010.18
The chart of Sortino ratio for KLIP, currently valued at 0.13, compared to the broader market-2.000.002.004.006.008.0010.0012.000.130.56
The chart of Omega ratio for KLIP, currently valued at 1.02, compared to the broader market0.501.001.502.002.503.001.021.07
The chart of Calmar ratio for KLIP, currently valued at 0.01, compared to the broader market0.005.0010.0015.000.010.19
The chart of Martin ratio for KLIP, currently valued at 0.02, compared to the broader market0.0020.0040.0060.0080.00100.00120.000.020.53
KLIP
KWEB

The current KLIP Sharpe Ratio is 0.01, which is lower than the KWEB Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of KLIP and KWEB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50JuneJulyAugustSeptemberOctoberNovember
0.01
0.18
KLIP
KWEB

Dividends

KLIP vs. KWEB - Dividend Comparison

KLIP's dividend yield for the trailing twelve months is around 57.38%, more than KWEB's 1.54% yield.


TTM20232022202120202019201820172016201520142013
KLIP
KraneShares China Internet and Covered Call Strategy ETF
57.38%61.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
KWEB
KraneShares CSI China Internet ETF
1.54%1.71%0.00%7.07%0.29%0.08%3.40%0.58%1.19%0.46%0.89%0.31%

Drawdowns

KLIP vs. KWEB - Drawdown Comparison

The maximum KLIP drawdown since its inception was -10.39%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for KLIP and KWEB. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.26%
-22.87%
KLIP
KWEB

Volatility

KLIP vs. KWEB - Volatility Comparison

The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 7.49%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 11.97%. This indicates that KLIP experiences smaller price fluctuations and is considered to be less risky than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
7.49%
11.97%
KLIP
KWEB
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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