KLIP vs. TSLA
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 5.41%/yr vs 14.14%/yr for TSLA. At a 0.29 correlation, their price movements are largely independent.
Performance
KLIP vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, KLIP achieves a -14.26% return, which is significantly higher than TSLA's -15.14% return.
KLIP
- 1D
- -1.86%
- 1M
- -5.74%
- YTD
- -14.26%
- 6M
- -15.76%
- 1Y
- -8.35%
- 3Y*
- 5.41%
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- -5.79%
- 1M
- -10.42%
- YTD
- -15.14%
- 6M
- -21.41%
- 1Y
- 9.44%
- 3Y*
- 14.14%
- 5Y*
- 10.99%
- 10Y*
- 40.34%
KLIP vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | -14.26% | 16.92% | 3.37% | 11.11% |
TSLA Tesla, Inc. | -15.14% | 11.36% | 62.52% | 101.66% |
Correlation
The correlation between KLIP and TSLA is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2023 | 0.29 |
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Return for Risk
KLIP vs. TSLA — Risk / Return Rank
KLIP
TSLA
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KLIP | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.07 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 0.32 | -0.75 |
| Martin ratioReturn relative to average drawdown | -1.10 | 0.72 | -1.82 |
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Drawdowns
KLIP vs. TSLA - Drawdown Comparison
The maximum KLIP drawdown since its inception was -19.18%, 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.
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Drawdown Indicators
| KLIP | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.18% | -73.63% | +54.45% |
Max Drawdown (1Y)Largest decline over 1 year | -19.18% | -29.93% | +10.75% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -53.77% | +34.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -19.18% | -22.10% | +2.92% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -22.71% | +18.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 13.37% | -5.79% |
Volatility
KLIP vs. TSLA - Volatility Comparison
The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 5.89%, while Tesla, Inc. (TSLA) has a volatility of 14.29%. 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.
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Volatility by Period
| KLIP | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 14.29% | -8.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 28.36% | -15.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 44.68% | -28.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 59.03% | -40.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 59.11% | -40.99% |
Dividends
KLIP vs. TSLA - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 30.25%, while TSLA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 30.25% | 25.14% | 54.26% | 61.22% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KLIP and TSLA have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLA has higher volatility (14.29%) compared to KLIP (5.89%). In terms of maximum drawdown, KLIP dropped -19.18% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.22 vs -0.52), 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.
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