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

Performance

KLIP vs. NVDY - 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 YieldMax NVDA Option Income Strategy ETF (NVDY). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
-6.30%
29.78%
KLIP
NVDY

Returns By Period

In the year-to-date period, KLIP achieves a -1.52% return, which is significantly lower than NVDY's 124.88% return.


KLIP

YTD

-1.52%

1M

-2.98%

6M

-6.29%

1Y

-0.27%

5Y (annualized)

N/A

10Y (annualized)

N/A

NVDY

YTD

124.88%

1M

3.03%

6M

29.78%

1Y

133.91%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


KLIPNVDY
Sharpe Ratio-0.023.15
Sortino Ratio0.103.52
Omega Ratio1.011.50
Calmar Ratio-0.036.32
Martin Ratio-0.0621.02
Ulcer Index4.41%6.37%
Daily Std Dev17.04%42.47%
Max Drawdown-10.39%-21.19%
Current Drawdown-7.93%-2.73%

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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.


NVDY
YieldMax NVDA Option Income Strategy ETF
Expense ratio chart for NVDY: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
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%

Correlation

-0.50.00.51.00.3

The correlation between KLIP and NVDY is 0.27, 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.

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.


Sharpe ratio
The chart of Sharpe ratio for KLIP, currently valued at -0.02, compared to the broader market0.002.004.00-0.023.15
The chart of Sortino ratio for KLIP, currently valued at 0.10, compared to the broader market-2.000.002.004.006.008.0010.0012.000.103.52
The chart of Omega ratio for KLIP, currently valued at 1.01, compared to the broader market0.501.001.502.002.503.001.011.50
The chart of Calmar ratio for KLIP, currently valued at -0.03, compared to the broader market0.005.0010.0015.00-0.036.32
The chart of Martin ratio for KLIP, currently valued at -0.06, compared to the broader market0.0020.0040.0060.0080.00100.00-0.0621.02
KLIP
NVDY

The current KLIP Sharpe Ratio is -0.02, which is lower than the NVDY Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of KLIP and NVDY, 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
-0.02
3.15
KLIP
NVDY

Dividends

KLIP vs. NVDY - Dividend Comparison

KLIP's dividend yield for the trailing twelve months is around 57.79%, less than NVDY's 73.42% yield.


TTM2023
KLIP
KraneShares China Internet and Covered Call Strategy ETF
57.79%61.22%
NVDY
YieldMax NVDA Option Income Strategy ETF
73.42%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.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.93%
-2.73%
KLIP
NVDY

Volatility

KLIP vs. NVDY - Volatility Comparison

The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 7.50%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.02%. This indicates that KLIP experiences smaller price fluctuations and is considered to be less risky than NVDY 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
7.50%
9.02%
KLIP
NVDY