KLIP vs. NVDY
Compare and contrast key facts about KraneShares China Internet and Covered Call Strategy ETF (KLIP) and YieldMax NVDA Option Income Strategy ETF (NVDY).
KLIP and NVDY 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. NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KLIP or NVDY.
Key characteristics
| KLIP | NVDY | |
|---|---|---|
| YTD Return | -0.63% | 126.37% |
| 1Y Return | 1.98% | 138.68% |
| Sharpe Ratio | 0.16 | 3.37 |
| Sortino Ratio | 0.35 | 3.69 |
| Omega Ratio | 1.04 | 1.53 |
| Calmar Ratio | 0.29 | 6.70 |
| Martin Ratio | 0.65 | 22.30 |
| Ulcer Index | 4.27% | 6.37% |
| Daily Std Dev | 16.82% | 42.08% |
| Max Drawdown | -10.39% | -21.19% |
| Current Drawdown | -7.09% | -0.62% |
Correlation
The correlation between KLIP and NVDY is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KLIP vs. NVDY - Performance Comparison
In the year-to-date period, KLIP achieves a -0.63% return, which is significantly lower than NVDY's 126.37% 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. NVDY - Expense Ratio Comparison
KLIP has a 0.95% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Risk-Adjusted Performance
KLIP vs. NVDY - 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 YieldMax NVDA Option Income Strategy ETF (NVDY). 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. NVDY - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 57.27%, less than NVDY's 72.94% yield.
| TTM | 2023 | |
|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 57.27% | 61.22% |
NVDY YieldMax NVDA Option Income Strategy ETF | 72.94% | 22.32% |
Drawdowns
KLIP vs. NVDY - Drawdown Comparison
The maximum KLIP drawdown since its inception was -10.39%, smaller than the maximum NVDY drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for KLIP and NVDY. For additional features, visit the drawdowns tool.
Volatility
KLIP vs. NVDY - Volatility Comparison
KraneShares China Internet and Covered Call Strategy ETF (KLIP) and YieldMax NVDA Option Income Strategy ETF (NVDY) have volatilities of 7.77% and 7.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.