KLIP vs. YANG
Compare and contrast key facts about KraneShares China Internet and Covered Call Strategy ETF (KLIP) and Direxion Daily China 3x Bear Shares (YANG).
KLIP and YANG 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. YANG is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (-300%). It was launched on Dec 3, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KLIP or YANG.
Key characteristics
| KLIP | YANG | |
|---|---|---|
| YTD Return | 6.10% | -45.65% |
| 1Y Return | 22.88% | -35.11% |
| Sharpe Ratio | 1.16 | -0.36 |
| Daily Std Dev | 18.08% | 82.24% |
| Max Drawdown | -10.39% | -99.89% |
| Current Drawdown | -2.06% | -99.89% |
Correlation
The correlation between KLIP and YANG is -0.90. 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 6.10% return, which is significantly higher than YANG's -45.65% 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. YANG - Expense Ratio Comparison
KLIP has a 0.95% expense ratio, which is lower than YANG's 1.07% expense ratio.
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.
Dividends
KLIP vs. YANG - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 57.13%, more than YANG's 5.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 57.13% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YANG Direxion Daily China 3x Bear Shares | 5.88% | 3.66% | 0.00% | 0.00% | 0.68% | 1.54% | 0.56% |
Drawdowns
KLIP vs. YANG - Drawdown Comparison
The maximum KLIP drawdown since its inception was -10.39%, smaller than the maximum YANG drawdown of -99.89%. Use the drawdown chart below to compare losses from any high point for KLIP and YANG. For additional features, visit the drawdowns tool.
Volatility
KLIP vs. YANG - Volatility Comparison
The current volatility for KraneShares China Internet and Covered Call Strategy ETF (KLIP) is 7.19%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 23.00%. 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.