KWIN vs. KLIP
KWIN (KraneShares Wahed Alternative Income Index ETF) and KLIP (KraneShares China Internet and Covered Call Strategy ETF) are both exchange-traded funds - KWIN is a Large Cap Value Equities fund tracking the Wahed Alternative Income Index, while KLIP is a China Equities fund actively managed by KraneShares. KWIN is passively managed, while KLIP is actively managed. Their 0.06 correlation means their historical movements had little consistent relationship. KWIN charges 0.51%/yr vs 0.95%/yr for KLIP.
Performance
KWIN vs. KLIP - Performance Comparison
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Returns By Period
In the year-to-date period, KWIN achieves a 1.91% return, which is significantly higher than KLIP's -6.93% return.
KWIN
- 1D
- -0.14%
- 1M
- 0.36%
- 6M
- 1.35%
- YTD
- 1.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
KLIP
- 1D
- -0.53%
- 1M
- 5.12%
- 6M
- -7.87%
- YTD
- -6.93%
- 1Y
- -4.60%
- 3Y*
- 6.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $655.62K | $558.41K | $985.39K | |
| $326.79K | $276.65K | $438.06K |
KWIN vs. KLIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KWIN KraneShares Wahed Alternative Income Index ETF | 1.91% | 0.61% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | -6.93% | -3.29% |
Correlation
The correlation between KWIN and KLIP is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.06 |
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Return for Risk
KWIN vs. KLIP — Risk / Return Rank
KWIN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KLIP
KWIN vs. KLIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Wahed Alternative Income Index ETF (KWIN) and KraneShares China Internet and Covered Call Strategy ETF (KLIP). 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.
| KWIN | KLIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.96 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.21 | — |
| Martin ratioReturn relative to average drawdown | — | -0.50 | — |
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Drawdowns
KWIN vs. KLIP - Drawdown Comparison
The maximum KWIN drawdown since its inception was -1.58%, smaller than the maximum KLIP drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for KWIN and KLIP.
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Drawdown Indicators
| KWIN | KLIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.58% | -21.48% | +19.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.48% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.48% | — |
Current DrawdownCurrent decline from peak | -1.14% | -12.27% | +11.13% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -4.34% | +3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.28% | — |
Volatility
KWIN vs. KLIP - Volatility Comparison
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Volatility by Period
| KWIN | KLIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 16.54% | -12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 17.96% | -13.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 17.96% | -13.95% |
KWIN vs. KLIP - Expense Ratio Comparison
KWIN has a 0.51% expense ratio, which is lower than KLIP's 0.95% expense ratio.
Dividends
KWIN vs. KLIP - Dividend Comparison
KWIN has not paid dividends to shareholders, while KLIP's dividend yield for the trailing twelve months is around 27.58%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | 27.58% | 25.14% | 54.26% | 61.22% |
KWIN KraneShares Wahed Alternative Income Index ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KWIN and KLIP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KWIN is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KWIN is cheaper with a 0.51% expense ratio, compared with 0.95% for KLIP.
KLIP has the higher dividend yield at 27.58%, compared with 0.00% for KWIN.
KWIN is categorized as Large Cap Value Equities, while KLIP is China Equities. Their fees differ too: 0.51% for KWIN and 0.95% for KLIP.
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