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

Key characteristics


KLIPYANG
YTD Return2.05%-71.67%
1Y Return5.89%-69.05%
Sharpe Ratio0.33-0.68
Sortino Ratio0.57-0.84
Omega Ratio1.070.89
Calmar Ratio0.57-0.68
Martin Ratio1.28-1.40
Ulcer Index4.22%48.44%
Daily Std Dev16.52%99.36%
Max Drawdown-10.39%-99.96%
Current Drawdown-4.60%-99.94%

Correlation

-0.50.00.51.0-0.9

The correlation between KLIP and YANG is -0.87. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

KLIP vs. YANG - Performance Comparison

In the year-to-date period, KLIP achieves a 2.05% return, which is significantly higher than YANG's -71.67% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
12.93%
-54.64%
KLIP
YANG

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KLIP vs. YANG - Expense Ratio Comparison

KLIP has a 0.95% expense ratio, which is lower than YANG's 1.07% expense ratio.


YANG
Direxion Daily China 3x Bear Shares
Expense ratio chart for YANG: current value at 1.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.07%
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%

Risk-Adjusted Performance

KLIP vs. YANG - 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 Direxion Daily China 3x Bear Shares (YANG). 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-2.000.002.004.006.000.33
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 market0.0020.0040.0060.0080.00100.001.28
YANG
Sharpe ratio
The chart of Sharpe ratio for YANG, currently valued at -0.68, compared to the broader market-2.000.002.004.006.00-0.68
Sortino ratio
The chart of Sortino ratio for YANG, currently valued at -0.84, compared to the broader market-2.000.002.004.006.008.0010.0012.00-0.84
Omega ratio
The chart of Omega ratio for YANG, currently valued at 0.89, compared to the broader market1.001.502.002.503.000.89
Calmar ratio
The chart of Calmar ratio for YANG, currently valued at -0.78, compared to the broader market0.005.0010.0015.00-0.78
Martin ratio
The chart of Martin ratio for YANG, currently valued at -1.40, compared to the broader market0.0020.0040.0060.0080.00100.00-1.40

KLIP vs. YANG - Sharpe Ratio Comparison

The current KLIP Sharpe Ratio is 0.33, which is higher than the YANG Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of KLIP and YANG, 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 Ratio-1.00-0.500.000.501.001.50JuneJulyAugustSeptemberOctoberNovember
0.33
-0.68
KLIP
YANG

Dividends

KLIP vs. YANG - Dividend Comparison

KLIP's dividend yield for the trailing twelve months is around 55.77%, more than YANG's 6.30% yield.


TTM202320222021202020192018
KLIP
KraneShares China Internet and Covered Call Strategy ETF
55.77%61.22%0.00%0.00%0.00%0.00%0.00%
YANG
Direxion Daily China 3x Bear Shares
6.30%2.62%0.00%0.00%0.68%1.13%0.33%

Drawdowns

KLIP vs. YANG - Drawdown Comparison

The maximum KLIP drawdown since its inception was -10.39%, smaller than the maximum YANG drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for KLIP and YANG. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.60%
-80.36%
KLIP
YANG

Volatility

KLIP vs. YANG - Volatility Comparison

The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 7.77%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 36.37%. This indicates that KLIP experiences smaller price fluctuations and is considered to be less risky than YANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%60.00%70.00%JuneJulyAugustSeptemberOctoberNovember
7.77%
36.37%
KLIP
YANG