MILN vs. KLIP
Compare and contrast key facts about Global X Millennial Consumer ETF (MILN) and KraneShares China Internet and Covered Call Strategy ETF (KLIP).
MILN and KLIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MILN is a passively managed fund by Global X that tracks the performance of the Indxx Millennials Thematic Index. It was launched on May 4, 2016. 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: MILN or KLIP.
Key characteristics
MILN | KLIP | |
---|---|---|
YTD Return | 16.92% | 3.35% |
1Y Return | 36.82% | 12.37% |
Sharpe Ratio | 2.00 | 0.70 |
Daily Std Dev | 16.96% | 15.72% |
Max Drawdown | -44.40% | -10.39% |
Current Drawdown | -8.38% | -3.37% |
Correlation
The correlation between MILN and KLIP is 0.45, 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.
Performance
MILN vs. KLIP - Performance Comparison
In the year-to-date period, MILN achieves a 16.92% return, which is significantly higher than KLIP's 3.35% 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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MILN vs. KLIP - Expense Ratio Comparison
MILN has a 0.50% expense ratio, which is lower than KLIP's 0.95% expense ratio.
Risk-Adjusted Performance
MILN vs. KLIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Millennial Consumer ETF (MILN) 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.
Dividends
MILN vs. KLIP - Dividend Comparison
MILN's dividend yield for the trailing twelve months is around 0.31%, less than KLIP's 54.15% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
Global X Millennial Consumer ETF | 0.31% | 0.33% | 0.24% | 0.15% | 0.21% | 0.43% | 0.43% | 0.89% | 0.32% |
KraneShares China Internet and Covered Call Strategy ETF | 54.15% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MILN vs. KLIP - Drawdown Comparison
The maximum MILN drawdown since its inception was -44.40%, which is greater than KLIP's maximum drawdown of -10.39%. Use the drawdown chart below to compare losses from any high point for MILN and KLIP. For additional features, visit the drawdowns tool.
Volatility
MILN vs. KLIP - Volatility Comparison
Global X Millennial Consumer ETF (MILN) and KraneShares China Internet and Covered Call Strategy ETF (KLIP) have volatilities of 4.14% and 4.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.