KLIP vs. QQQ
Compare and contrast key facts about KraneShares China Internet and Covered Call Strategy ETF (KLIP) and Invesco QQQ (QQQ).
KLIP and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KLIP or QQQ.
Correlation
The correlation between KLIP and QQQ is 0.40, 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.
Performance
KLIP vs. QQQ - Performance Comparison
Key characteristics
KLIP:
-0.15
QQQ:
0.26
KLIP:
-0.07
QQQ:
0.55
KLIP:
0.99
QQQ:
1.07
KLIP:
-0.17
QQQ:
0.28
KLIP:
-0.68
QQQ:
1.10
KLIP:
4.59%
QQQ:
5.82%
KLIP:
20.12%
QQQ:
24.42%
KLIP:
-18.61%
QQQ:
-82.98%
KLIP:
-13.41%
QQQ:
-13.50%
Returns By Period
In the year-to-date period, KLIP achieves a -4.83% return, which is significantly higher than QQQ's -8.71% return.
KLIP
-4.83%
-10.26%
-4.81%
-3.69%
N/A
N/A
QQQ
-8.71%
-1.28%
-5.21%
6.02%
19.14%
16.71%
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KLIP vs. QQQ - Expense Ratio Comparison
KLIP has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
KLIP vs. QQQ — Risk-Adjusted Performance Rank
KLIP
QQQ
KLIP vs. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 49.58%, more than QQQ's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 49.58% | 54.85% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.64% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
KLIP vs. QQQ - Drawdown Comparison
The maximum KLIP drawdown since its inception was -18.61%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for KLIP and QQQ. For additional features, visit the drawdowns tool.
Volatility
KLIP vs. QQQ - Volatility Comparison
The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 13.06%, while Invesco QQQ (QQQ) has a volatility of 15.74%. This indicates that KLIP experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.