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

Key characteristics


KLIPVOO
YTD Return2.05%27.15%
1Y Return5.89%39.90%
Sharpe Ratio0.333.15
Sortino Ratio0.574.19
Omega Ratio1.071.59
Calmar Ratio0.574.60
Martin Ratio1.2821.00
Ulcer Index4.22%1.85%
Daily Std Dev16.52%12.34%
Max Drawdown-10.39%-33.99%
Current Drawdown-4.60%0.00%

Correlation

-0.50.00.51.00.4

The correlation between KLIP and VOO is 0.43, 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

In the year-to-date period, KLIP achieves a 2.05% return, which is significantly lower than VOO's 27.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
-3.23%
15.64%
KLIP
VOO

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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.


KLIP
KraneShares China Internet and Covered Call Strategy ETF
Expense ratio chart for KLIP: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

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.


KLIP
Sharpe ratio
The chart of Sharpe ratio for KLIP, currently valued at 0.33, compared to the broader market-2.000.002.004.000.33
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
VOO
Sharpe ratio
The chart of Sharpe ratio for VOO, currently valued at 3.15, compared to the broader market-2.000.002.004.003.15
Sortino ratio
The chart of Sortino ratio for VOO, currently valued at 4.19, compared to the broader market-2.000.002.004.006.008.0010.0012.004.19
Omega ratio
The chart of Omega ratio for VOO, currently valued at 1.59, compared to the broader market1.001.502.002.503.001.59
Calmar ratio
The chart of Calmar ratio for VOO, currently valued at 4.60, compared to the broader market0.005.0010.0015.004.60
Martin ratio
The chart of Martin ratio for VOO, currently valued at 21.00, compared to the broader market0.0020.0040.0060.0080.00100.00120.0021.00

KLIP vs. VOO - Sharpe Ratio Comparison

The current KLIP Sharpe Ratio is 0.33, which is lower than the VOO Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of KLIP and VOO, 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
0.33
3.15
KLIP
VOO

Dividends

KLIP vs. VOO - Dividend Comparison

KLIP's dividend yield for the trailing twelve months is around 55.77%, more than VOO's 1.23% yield.


TTM20232022202120202019201820172016201520142013
KLIP
KraneShares China Internet and Covered Call Strategy ETF
55.77%61.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.23%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.60%
0
KLIP
VOO

Volatility

KLIP vs. VOO - Volatility Comparison

KraneShares China Internet and Covered Call Strategy ETF (KLIP) has a higher volatility of 7.77% compared to Vanguard S&P 500 ETF (VOO) at 3.95%. This indicates that KLIP's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
7.77%
3.95%
KLIP
VOO