KLIP vs. TSLA
Compare and contrast key facts about KraneShares China Internet and Covered Call Strategy ETF (KLIP) and Tesla, Inc. (TSLA).
KLIP is managed by CICC. It was launched on Jan 12, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KLIP or TSLA.
Performance
KLIP vs. TSLA - Performance Comparison
Returns By Period
In the year-to-date period, KLIP achieves a -1.52% return, which is significantly lower than TSLA's 36.69% return.
KLIP
-1.52%
-2.98%
-6.29%
-0.27%
N/A
N/A
TSLA
36.69%
55.82%
95.49%
45.02%
72.78%
35.44%
Key characteristics
| KLIP | TSLA | |
|---|---|---|
| Sharpe Ratio | -0.02 | 0.67 |
| Sortino Ratio | 0.10 | 1.41 |
| Omega Ratio | 1.01 | 1.17 |
| Calmar Ratio | -0.03 | 0.62 |
| Martin Ratio | -0.06 | 1.78 |
| Ulcer Index | 4.41% | 22.88% |
| Daily Std Dev | 17.04% | 61.22% |
| Max Drawdown | -10.39% | -73.63% |
| Current Drawdown | -7.93% | -17.15% |
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Correlation
The correlation between KLIP and TSLA is 0.30, 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.
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.
Dividends
KLIP vs. TSLA - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 57.79%, while TSLA has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 57.79% | 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.
Volatility
KLIP vs. TSLA - Volatility Comparison
The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 7.50%, while Tesla, Inc. (TSLA) has a volatility of 22.15%. 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.