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.
Key characteristics
| KLIP | QQQ | |
|---|---|---|
| YTD Return | 3.03% | 26.02% |
| 1Y Return | 7.04% | 36.73% |
| Sharpe Ratio | 0.42 | 2.28 |
| Sortino Ratio | 0.70 | 2.98 |
| Omega Ratio | 1.09 | 1.41 |
| Calmar Ratio | 0.73 | 2.94 |
| Martin Ratio | 1.64 | 10.71 |
| Ulcer Index | 4.22% | 3.72% |
| Daily Std Dev | 16.57% | 17.35% |
| Max Drawdown | -10.39% | -82.98% |
| Current Drawdown | -3.68% | -0.06% |
Correlation
The correlation between KLIP and QQQ is 0.42, 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
In the year-to-date period, KLIP achieves a 3.03% return, which is significantly lower than QQQ's 26.02% 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. 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 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 55.24%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 55.24% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
KLIP vs. QQQ - Drawdown Comparison
The maximum KLIP drawdown since its inception was -10.39%, 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
KraneShares China Internet and Covered Call Strategy ETF (KLIP) has a higher volatility of 7.81% compared to Invesco QQQ (QQQ) at 5.18%. This indicates that KLIP's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.