KLIP vs. XLRI

Last updated Jun 23, 2026

KLIP (KraneShares China Internet and Covered Call Strategy ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - KLIP is a Options Trading fund managed by CICC, while XLRI is a Derivative Income fund actively managed by State Street. At a 0.19 correlation, their price movements are largely independent. KLIP charges 0.95%/yr vs 0.35%/yr for XLRI.

Performance

KLIP vs. XLRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares China Internet and Covered Call Strategy ETF (KLIP) and State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLIP achieves a -12.64% return, which is significantly lower than XLRI's 5.32% return.

KLIP

• 1D: -0.80%
• 1M: -3.96%
• YTD: -12.64%
• 6M: -14.80%
• 1Y: -5.67%
• 3Y*: 6.07%
• 5Y*: —
• 10Y*: —

XLRI

• 1D: 1.03%
• 1M: -0.09%
• YTD: 5.32%
• 6M: 6.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLIP vs. XLRI - Yearly Performance Comparison

	2026 (YTD)	2025
KLIP KraneShares China Internet and Covered Call Strategy ETF	-12.64%	2.90%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	5.32%	-0.57%

Correlation

The correlation between KLIP and XLRI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.19

Return for Risk

KLIP vs. XLRI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KLIP

KLIP Risk / Return Rank: 5
KLIP Sharpe Ratio Rank: 6
KLIP Sortino Ratio Rank: 5
KLIP Omega Ratio Rank: 5
KLIP Calmar Ratio Rank: 6
KLIP Martin Ratio Rank: 5

XLRI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KLIP vs. XLRI - 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 State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI). 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	XLRI	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	—	—
Sortino ratio: Return per unit of downside risk	-0.38	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.32	—	—
Martin ratio: Return relative to average drawdown	-0.76	—	—

Drawdowns

KLIP vs. XLRI - Drawdown Comparison

The maximum KLIP drawdown since its inception was -18.61%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for KLIP and XLRI.

Drawdown Indicators

	KLIP	XLRI	Difference
Max Drawdown Largest peak-to-trough decline	-18.61%	-7.12%	-11.49%
Max Drawdown (1Y) Largest decline over 1 year	-17.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.61%	—	—
Current Drawdown Current decline from peak	-17.65%	-1.83%	-15.82%
Average Drawdown Average peak-to-trough decline	-3.95%	-1.65%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.49%	—	—

Volatility

Volatility by Period

	KLIP	XLRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.12%	10.93%	+5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	10.93%	+7.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	10.93%	+7.17%

KLIP vs. XLRI - Expense Ratio Comparison

KLIP has a 0.95% expense ratio, which is higher than XLRI's 0.35% expense ratio.

Dividends

KLIP vs. XLRI - Dividend Comparison

KLIP's dividend yield for the trailing twelve months is around 29.68%, more than XLRI's 12.40% yield.

Position	TTM	2025	2024	2023
KLIP KraneShares China Internet and Covered Call Strategy ETF	29.68%	25.14%	54.26%	61.22%
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF	12.40%	6.85%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLIP and XLRI in my portfolio?

KLIP and XLRI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLIP or XLRI?

On fees, XLRI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLIP or XLRI?

XLRI is cheaper with a 0.35% expense ratio, compared with 0.95% for KLIP.

Which ETF pays a higher dividend yield, KLIP or XLRI?

KLIP has the higher dividend yield at 29.68%, compared with 12.40% for XLRI.

What is the main difference between KLIP and XLRI?

KLIP is categorized as Options Trading, while XLRI is Derivative Income. They also come from different issuers: CICC and State Street. Their fees differ too: 0.95% for KLIP and 0.35% for XLRI.