XPP vs. KLIP
Compare and contrast key facts about ProShares Ultra FTSE China 50 (XPP) and KraneShares China Internet and Covered Call Strategy ETF (KLIP).
XPP and KLIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XPP is a passively managed fund by ProShares that tracks the performance of the FTSE/Xinhua China 25 Index (200%). It was launched on Jun 2, 2009. KLIP is managed by CICC. It was launched on Jan 12, 2023.
Performance
XPP vs. KLIP - Performance Comparison
Loading graphics...
XPP vs. KLIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XPP ProShares Ultra FTSE China 50 | -14.59% | 45.84% | 38.18% | -47.38% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | -8.98% | 16.92% | 3.37% | 10.67% |
Returns By Period
In the year-to-date period, XPP achieves a -14.59% return, which is significantly lower than KLIP's -8.98% return.
XPP
- 1D
- 5.09%
- 1M
- -8.06%
- YTD
- -14.59%
- 6M
- -26.23%
- 1Y
- -6.76%
- 3Y*
- 2.42%
- 5Y*
- -20.09%
- 10Y*
- -4.96%
KLIP
- 1D
- 2.10%
- 1M
- -5.77%
- YTD
- -8.98%
- 6M
- -12.63%
- 1Y
- -1.25%
- 3Y*
- 7.62%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XPP vs. KLIP - Expense Ratio Comparison
Both XPP and KLIP have an expense ratio of 0.95%.
Return for Risk
XPP vs. KLIP — Risk / Return Rank
XPP
KLIP
XPP vs. KLIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra FTSE China 50 (XPP) 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.
| XPP | KLIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.14 | -0.06 | -0.08 |
Sortino ratioReturn per unit of downside risk | 0.13 | 0.05 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.08 | -0.12 |
Martin ratioReturn relative to average drawdown | -0.52 | -0.26 | -0.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| XPP | KLIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | -0.06 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.35 | -0.44 |
Correlation
The correlation between XPP and KLIP is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XPP vs. KLIP - Dividend Comparison
XPP's dividend yield for the trailing twelve months is around 2.54%, less than KLIP's 28.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XPP ProShares Ultra FTSE China 50 | 2.54% | 2.32% | 2.96% | 2.87% | 0.00% | 0.00% | 0.00% | 3.81% | 1.47% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | 28.24% | 25.14% | 54.26% | 61.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XPP vs. KLIP - Drawdown Comparison
The maximum XPP drawdown since its inception was -89.90%, which is greater than KLIP's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for XPP and KLIP.
Loading graphics...
Drawdown Indicators
| XPP | KLIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.90% | -18.61% | -71.29% |
Max Drawdown (1Y)Largest decline over 1 year | -32.37% | -17.23% | -15.14% |
Max Drawdown (5Y)Largest decline over 5 years | -85.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -89.90% | — | — |
Current DrawdownCurrent decline from peak | -77.40% | -14.21% | -63.19% |
Average DrawdownAverage peak-to-trough decline | -47.52% | -3.34% | -44.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 5.18% | +7.49% |
Volatility
XPP vs. KLIP - Volatility Comparison
ProShares Ultra FTSE China 50 (XPP) has a higher volatility of 14.38% compared to KraneShares China Internet and Covered Call Strategy ETF (KLIP) at 7.16%. This indicates that XPP's price experiences larger fluctuations and is considered to be riskier than KLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| XPP | KLIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.38% | 7.16% | +7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 29.09% | 13.48% | +15.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.42% | 19.76% | +27.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.68% | 18.19% | +44.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.98% | 18.19% | +36.79% |