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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XPP or KLIP.
Key characteristics
| XPP | KLIP | |
|---|---|---|
| YTD Return | 35.33% | -0.63% |
| 1Y Return | 13.73% | 1.98% |
| Sharpe Ratio | 0.28 | 0.16 |
| Sortino Ratio | 0.89 | 0.35 |
| Omega Ratio | 1.11 | 1.04 |
| Calmar Ratio | 0.20 | 0.29 |
| Martin Ratio | 0.80 | 0.65 |
| Ulcer Index | 22.85% | 4.27% |
| Daily Std Dev | 65.99% | 16.82% |
| Max Drawdown | -89.90% | -10.39% |
| Current Drawdown | -82.23% | -7.09% |
Correlation
The correlation between XPP and KLIP is 0.87, 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.
Performance
XPP vs. KLIP - Performance Comparison
In the year-to-date period, XPP achieves a 35.33% return, which is significantly higher than KLIP's -0.63% 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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XPP vs. KLIP - Expense Ratio Comparison
Both XPP and KLIP have an expense ratio of 0.95%.
Risk-Adjusted Performance
XPP vs. KLIP - Risk-Adjusted Performance 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.
Dividends
XPP vs. KLIP - Dividend Comparison
XPP's dividend yield for the trailing twelve months is around 2.30%, less than KLIP's 57.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
XPP ProShares Ultra FTSE China 50 | 2.30% | 2.87% | 0.00% | 0.00% | 0.00% | 3.81% | 1.47% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | 57.27% | 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 -10.39%. Use the drawdown chart below to compare losses from any high point for XPP and KLIP. For additional features, visit the drawdowns tool.
Volatility
XPP vs. KLIP - Volatility Comparison
ProShares Ultra FTSE China 50 (XPP) has a higher volatility of 23.39% compared to KraneShares China Internet and Covered Call Strategy ETF (KLIP) at 7.77%. 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.