Correlation
The correlation between LOCT and KLIP is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
LOCT vs. KLIP
Compare and contrast key facts about Innovator Premium Income 15 Buffer ETF - October (LOCT) and KraneShares China Internet and Covered Call Strategy ETF (KLIP).
LOCT and KLIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LOCT is an actively managed fund by Innovator. It was launched on Sep 29, 2023. KLIP is managed by CICC. It was launched on Jan 12, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LOCT or KLIP.
Performance
LOCT vs. KLIP - Performance Comparison
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Key characteristics
LOCT:
0.97
KLIP:
0.18
LOCT:
1.53
KLIP:
0.33
LOCT:
1.37
KLIP:
1.05
LOCT:
1.11
KLIP:
0.16
LOCT:
8.34
KLIP:
0.64
LOCT:
0.62%
KLIP:
4.58%
LOCT:
5.31%
KLIP:
20.75%
LOCT:
-4.68%
KLIP:
-18.61%
LOCT:
-0.04%
KLIP:
-4.80%
Returns By Period
In the year-to-date period, LOCT achieves a 1.93% return, which is significantly lower than KLIP's 4.64% return.
LOCT
1.93%
1.29%
2.26%
5.09%
N/A
N/A
N/A
KLIP
4.64%
1.92%
6.48%
3.72%
N/A
N/A
N/A
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LOCT vs. KLIP - Expense Ratio Comparison
LOCT has a 0.79% expense ratio, which is lower than KLIP's 0.95% expense ratio.
Risk-Adjusted Performance
LOCT vs. KLIP — Risk-Adjusted Performance Rank
LOCT
KLIP
LOCT vs. KLIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - October (LOCT) 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.
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Dividends
LOCT vs. KLIP - Dividend Comparison
LOCT's dividend yield for the trailing twelve months is around 5.76%, less than KLIP's 42.34% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
LOCT Innovator Premium Income 15 Buffer ETF - October | 5.76% | 6.28% | 1.64% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | 42.34% | 54.85% | 61.22% |
Drawdowns
LOCT vs. KLIP - Drawdown Comparison
The maximum LOCT drawdown since its inception was -4.68%, smaller than the maximum KLIP drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for LOCT and KLIP.
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Volatility
LOCT vs. KLIP - Volatility Comparison
The current volatility for Innovator Premium Income 15 Buffer ETF - October (LOCT) is 0.75%, while KraneShares China Internet and Covered Call Strategy ETF (KLIP) has a volatility of 3.04%. This indicates that LOCT experiences smaller price fluctuations and is considered to be less risky than KLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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