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

Key characteristics


KLIPTSLA
YTD Return2.05%29.27%
1Y Return5.89%52.98%
Sharpe Ratio0.330.74
Sortino Ratio0.571.49
Omega Ratio1.071.18
Calmar Ratio0.570.68
Martin Ratio1.281.95
Ulcer Index4.22%22.86%
Daily Std Dev16.52%60.53%
Max Drawdown-10.39%-73.63%
Current Drawdown-4.60%-21.65%

Correlation

-0.50.00.51.00.3

The correlation between KLIP and TSLA 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. TSLA - Performance Comparison

In the year-to-date period, KLIP achieves a 2.05% return, which is significantly lower than TSLA's 29.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%20.00%40.00%60.00%80.00%100.00%JuneJulyAugustSeptemberOctoberNovember
-3.23%
90.66%
KLIP
TSLA

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Risk-Adjusted Performance

KLIP vs. TSLA - 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 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
Sharpe ratio
The chart of Sharpe ratio for KLIP, currently valued at 0.33, compared to the broader market-2.000.002.004.006.000.33
Sortino ratio
The chart of Sortino ratio for KLIP, currently valued at 0.57, compared to the broader market-2.000.002.004.006.008.0010.0012.000.57
Omega ratio
The chart of Omega ratio for KLIP, currently valued at 1.07, compared to the broader market1.001.502.002.503.001.07
Calmar ratio
The chart of Calmar ratio for KLIP, currently valued at 0.57, compared to the broader market0.005.0010.0015.000.57
Martin ratio
The chart of Martin ratio for KLIP, currently valued at 1.28, compared to the broader market0.0020.0040.0060.0080.00100.00120.001.28
TSLA
Sharpe ratio
The chart of Sharpe ratio for TSLA, currently valued at 0.74, compared to the broader market-2.000.002.004.006.000.74
Sortino ratio
The chart of Sortino ratio for TSLA, currently valued at 1.49, compared to the broader market-2.000.002.004.006.008.0010.0012.001.49
Omega ratio
The chart of Omega ratio for TSLA, currently valued at 1.18, compared to the broader market1.001.502.002.503.001.18
Calmar ratio
The chart of Calmar ratio for TSLA, currently valued at 0.87, compared to the broader market0.005.0010.0015.000.87
Martin ratio
The chart of Martin ratio for TSLA, currently valued at 1.95, compared to the broader market0.0020.0040.0060.0080.00100.00120.001.95

KLIP vs. TSLA - Sharpe Ratio Comparison

The current KLIP Sharpe Ratio is 0.33, which is lower than the TSLA Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of KLIP and TSLA, 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 Ratio-0.500.000.501.001.50JuneJulyAugustSeptemberOctoberNovember
0.33
0.74
KLIP
TSLA

Dividends

KLIP vs. TSLA - Dividend Comparison

KLIP's dividend yield for the trailing twelve months is around 55.77%, while TSLA has not paid dividends to shareholders.


TTM2023
KLIP
KraneShares China Internet and Covered Call Strategy ETF
55.77%61.22%
TSLA
Tesla, Inc.
0.00%0.00%

Drawdowns

KLIP vs. TSLA - Drawdown Comparison

The maximum KLIP drawdown since its inception was -10.39%, 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. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.60%
0
KLIP
TSLA

Volatility

KLIP vs. TSLA - Volatility Comparison

The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 7.77%, while Tesla, Inc. (TSLA) has a volatility of 28.02%. 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.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
7.77%
28.02%
KLIP
TSLA