KLIP vs. TSLA

Last updated Jun 3, 2026

KLIP (KraneShares China Internet and Covered Call Strategy ETF) is Options Trading fund managed by CICC, while TSLA (Tesla, Inc.) is a stock. Over the past 3 years, KLIP returned 9.17%/yr vs 25.58%/yr for TSLA. At a 0.29 correlation, their price movements are largely independent.

Performance

KLIP vs. TSLA - 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 Tesla, Inc. (TSLA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with KLIP having a -5.93% return and TSLA slightly higher at -5.78%.

KLIP

• 1D: 2.16%
• 1M: -0.26%
• YTD: -5.93%
• 6M: -8.29%
• 1Y: 3.54%
• 3Y*: 9.17%
• 5Y*: —
• 10Y*: —

TSLA

• 1D: 1.89%
• 1M: 8.42%
• YTD: -5.78%
• 6M: -1.28%
• 1Y: 23.65%
• 3Y*: 25.58%
• 5Y*: 17.28%
• 10Y*: 40.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLIP vs. TSLA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KLIP KraneShares China Internet and Covered Call Strategy ETF	-5.93%	16.92%	3.37%	10.67%
TSLA Tesla, Inc.	-5.78%	11.36%	62.52%	101.10%

Correlation

The correlation between KLIP and TSLA is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jan 13, 2023	0.29

Return for Risk

KLIP vs. TSLA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KLIP

KLIP Risk / Return Rank: 12
KLIP Sharpe Ratio Rank: 12
KLIP Sortino Ratio Rank: 11
KLIP Omega Ratio Rank: 12
KLIP Calmar Ratio Rank: 12
KLIP Martin Ratio Rank: 11

TSLA

TSLA Risk / Return Rank: 55
TSLA Sharpe Ratio Rank: 57
TSLA Sortino Ratio Rank: 53
TSLA Omega Ratio Rank: 51
TSLA Calmar Ratio Rank: 57
TSLA Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KLIP vs. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares China Internet and Covered Call Strategy ETF (KLIP) and Tesla, Inc. (TSLA). 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.

	KLIP	TSLA	Difference
Sharpe ratio Return per unit of total volatility	0.23	0.51	-0.29
Sortino ratio Return per unit of downside risk	0.42	0.98	-0.56
Omega ratio Gain probability vs. loss probability	1.06	1.12	-0.06
Calmar ratio Return relative to maximum drawdown	0.25	0.75	-0.49
Martin ratio Return relative to average drawdown	0.61	1.74	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLIP vs. TSLA - Sharpe Ratio Comparison

The current KLIP Sharpe Ratio is 0.23, which is lower than the TSLA Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of KLIP and TSLA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KLIP	TSLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	0.51	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.73	-0.34

Drawdowns

KLIP vs. TSLA - Drawdown Comparison

The maximum KLIP drawdown since its inception was -18.61%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for KLIP and TSLA.

Drawdown Indicators

	KLIP	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	-18.61%	-73.63%	+55.02%
Max Drawdown (1Y) Largest decline over 1 year	-15.97%	-29.93%	+13.96%
Max Drawdown (3Y) Largest decline over 3 years	-18.61%	-53.77%	+35.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-73.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-73.63%	—
Current Drawdown Current decline from peak	-11.33%	-13.50%	+2.17%
Average Drawdown Average peak-to-trough decline	-3.78%	-22.73%	+18.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.65%	12.81%	-6.16%

Volatility

KLIP vs. TSLA - Volatility Comparison

The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 5.30%, while Tesla, Inc. (TSLA) has a volatility of 12.11%. This indicates that KLIP experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLIP	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	12.11%	-6.81%
Volatility (6M) Calculated over the trailing 6-month period	12.74%	27.28%	-14.54%
Volatility (1Y) Calculated over the trailing 1-year period	15.70%	46.37%	-30.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	58.90%	-40.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	59.12%	-41.02%

Dividends

KLIP vs. TSLA - Dividend Comparison

KLIP's dividend yield for the trailing twelve months is around 27.57%, while TSLA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
KLIP KraneShares China Internet and Covered Call Strategy ETF	27.57%	25.14%	54.26%	61.22%
TSLA Tesla, Inc.	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLIP and TSLA in my portfolio?

KLIP and TSLA have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KLIP or TSLA?

TSLA has higher volatility (12.11%) compared to KLIP (5.30%). In terms of maximum drawdown, KLIP dropped -18.61% vs TSLA's -73.63%.

Which has better risk-adjusted returns?

TSLA currently has the higher Sharpe Ratio (0.51 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.