KLIP vs. VOO
Compare and contrast key facts about KraneShares China Internet and Covered Call Strategy ETF (KLIP) and Vanguard S&P 500 ETF (VOO).
KLIP and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KLIP or VOO.
Correlation
The correlation between KLIP and VOO 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. VOO - Performance Comparison
Key characteristics
KLIP:
0.93
VOO:
1.89
KLIP:
1.36
VOO:
2.54
KLIP:
1.18
VOO:
1.35
KLIP:
1.52
VOO:
2.83
KLIP:
3.41
VOO:
11.83
KLIP:
4.17%
VOO:
2.02%
KLIP:
15.37%
VOO:
12.66%
KLIP:
-10.39%
VOO:
-33.99%
KLIP:
0.00%
VOO:
-0.42%
Returns By Period
In the year-to-date period, KLIP achieves a 5.73% return, which is significantly higher than VOO's 4.17% return.
KLIP
5.73%
4.56%
8.53%
13.75%
N/A
N/A
VOO
4.17%
1.23%
10.51%
24.45%
14.68%
13.26%
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KLIP vs. VOO - Expense Ratio Comparison
KLIP has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
KLIP vs. VOO — Risk-Adjusted Performance Rank
KLIP
VOO
KLIP vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 49.81%, more than VOO's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 49.81% | 54.85% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
KLIP vs. VOO - Drawdown Comparison
The maximum KLIP drawdown since its inception was -10.39%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for KLIP and VOO. For additional features, visit the drawdowns tool.
Volatility
KLIP vs. VOO - Volatility Comparison
The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 2.46%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.94%. This indicates that KLIP experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.