KLIP vs. XPP
Compare and contrast key facts about KraneShares China Internet and Covered Call Strategy ETF (KLIP) and ProShares Ultra FTSE China 50 (XPP).
KLIP and XPP 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. XPP is a passively managed fund by ProShares that tracks the performance of the FTSE/Xinhua China 25 Index (200%). It was launched on Jun 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KLIP or XPP.
Key characteristics
| KLIP | XPP | |
|---|---|---|
| YTD Return | 2.05% | 46.81% |
| 1Y Return | 5.89% | 31.39% |
| Sharpe Ratio | 0.33 | 0.42 |
| Sortino Ratio | 0.57 | 1.07 |
| Omega Ratio | 1.07 | 1.13 |
| Calmar Ratio | 0.57 | 0.30 |
| Martin Ratio | 1.28 | 1.22 |
| Ulcer Index | 4.22% | 22.53% |
| Daily Std Dev | 16.52% | 65.69% |
| Max Drawdown | -10.39% | -89.90% |
| Current Drawdown | -4.60% | -80.72% |
Correlation
The correlation between KLIP and XPP is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KLIP vs. XPP - Performance Comparison
In the year-to-date period, KLIP achieves a 2.05% return, which is significantly lower than XPP's 46.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KLIP vs. XPP - Expense Ratio Comparison
Both KLIP and XPP have an expense ratio of 0.95%.
Risk-Adjusted Performance
KLIP vs. XPP - 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 ProShares Ultra FTSE China 50 (XPP). 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. XPP - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 55.77%, more than XPP's 2.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 55.77% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XPP ProShares Ultra FTSE China 50 | 2.12% | 2.87% | 0.00% | 0.00% | 0.00% | 3.81% | 1.47% |
Drawdowns
KLIP vs. XPP - Drawdown Comparison
The maximum KLIP drawdown since its inception was -10.39%, smaller than the maximum XPP drawdown of -89.90%. Use the drawdown chart below to compare losses from any high point for KLIP and XPP. For additional features, visit the drawdowns tool.
Volatility
KLIP vs. XPP - Volatility Comparison
The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 7.77%, while ProShares Ultra FTSE China 50 (XPP) has a volatility of 24.97%. This indicates that KLIP experiences smaller price fluctuations and is considered to be less risky than XPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.