KLIP: KraneShares China Internet and Covered Call Strategy ETF
About
KLIP was created on 2023-01-12 by KraneShares. The fund's investment portfolio concentrates primarily on theme equity. KLIP is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month", at-the-money call options on the full amount of the portfolio.
Key Details
Assets Under Management
$125.85M
Div Yield %
56.30%
P/E Ratio
-
Net Asset Value
$11.28
Expense Ratio
0.93%
1Y ETF Return
0.02%
Strategies that include KLIP
Stock's related to KLIP
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| BABA | 66.75% | $208.58B | +11.29% | 2.30% |
| BIDU | 66.74% | $25.12B | -24.16% | 0.00% |
| JD | 65.89% | $49.24B | +25.32% | 2.15% |
| FUTU | 61.30% | $8.10B | +43.61% | 0.00% |
| TCOM | 57.64% | $40.41B | +91.40% | 0.00% |
| BILI | 56.57% | $6.14B | +30.79% | 0.00% |
| QFIN | 56.49% | $5.09B | +95.80% | 3.47% |
| BEKE | 55.53% | $23.84B | +33.10% | 0.00% |
| ATHM | 54.34% | $3.30B | -0.04% | 4.18% |
| WB | 53.58% | $1.41B | -16.20% | 0.00% |
| XPEV | 52.72% | $9.68B | -28.05% | 0.00% |
| NIO | 51.40% | $8.91B | -38.35% | 0.00% |
| HTHT | 51.29% | $11.34B | -0.47% | 0.00% |
| BZUN | 50.68% | $144.84M | -22.09% | 0.00% |
| HUYA | 50.58% | $233.16M | +14.40% | 0.00% |
| TME | 50.36% | $7.80B | +28.31% | 1.22% |
| FINV | 50.17% | $909.61M | +27.93% | 3.80% |
| NTES | 49.99% | $53.33B | -26.44% | 2.91% |
| MLCO | 49.92% | $2.51B | -16.48% | 0.00% |
| VIPS | 49.47% | $6.04B | -15.81% | 3.23% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| PPC | 0.01% | $12.38B | +100.96% | 0.00% |
| GL | 0.02% | $9.18B | -8.60% | 0.86% |
| GO | -0.03% | $1.81B | -34.42% | 0.00% |
| ETON | -0.07% | $271.28M | +195.77% | 0.00% |
| SMPL | -0.07% | $3.81B | -3.16% | 0.00% |
| ABBV | 0.15% | $294.35B | +20.07% | 3.72% |
| AGX | 0.16% | $2.01B | +224.91% | 0.85% |
| RSG | -0.18% | $66.05B | +31.79% | 1.04% |
| CHKP | -0.18% | $19.20B | +20.74% | 0.00% |
| CPSH | -0.23% | $20.70M | -40.13% | 0.00% |
| WM | 0.28% | $87.92B | +27.58% | 1.34% |
| RGR | -0.32% | $642.75M | -15.87% | 1.81% |
| LRN | 0.39% | $4.43B | +74.97% | 0.00% |
| AMBC | 0.40% | $584.50M | -17.09% | 0.00% |
| QXO | -0.40% | $6.51B | -35.95% | 0.00% |
| GIS | 0.43% | $34.85B | -2.91% | 3.78% |
| LUMO | 0.45% | $37.45M | +41.97% | 0.00% |
| VRTX | -0.48% | $115.38B | +26.28% | 0.00% |
| TBI | 0.48% | $199.52M | -50.80% | 0.00% |
| GYRE | 0.54% | $1.21B | +1.49% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| BTCT | -15.82% | $42.61M | +353.33% | 0.00% |
| LMT | -14.81% | $126.40B | +18.99% | 2.36% |
| MCK | -14.66% | $78.15B | +35.51% | 0.42% |
| RLI | -14.03% | $8.01B | +29.25% | 0.64% |
| EIG | -13.84% | $1.30B | +38.83% | 2.25% |
| HMN | -12.94% | $1.65B | +24.56% | 3.34% |
| THG | -12.64% | $5.88B | +36.24% | 2.08% |
| AMSF | -12.52% | $1.11B | +22.66% | 2.52% |
| IFRX | -10.84% | $113.06M | +31.51% | 0.00% |
| SBSI | -10.10% | $1.07B | +25.26% | 4.11% |
| SPTN | -9.63% | $615.01M | -17.44% | 4.80% |
| IRWD | -9.51% | $609.71M | -59.34% | 0.00% |
| AXON | -9.43% | $46.53B | +167.14% | 0.00% |
| WDFC | -9.26% | $3.79B | +20.32% | 1.26% |
| IMKTA | -9.22% | $1.30B | -13.30% | 0.96% |
| DG | -9.17% | $16.82B | -37.95% | 3.17% |
| GABC | -9.11% | $1.34B | +54.46% | 2.39% |
| FIZZ | -8.91% | $4.43B | +4.83% | 0.00% |
| EFSC | -8.85% | $2.18B | +54.22% | 1.76% |
| TCTM | -8.74% | $8.10M | -42.99% | 0.00% |
ETF's related to KLIP
Inversely Correlated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| USDU | -36.55% | $201.97M | 0.5% |
| BTAL | -32.32% | $388.04M | 1.43% |
| UUP | -28.89% | $309.25M | 0.77% |
| VIXY | -28.16% | $195.31M | 0.85% |
| TAIL | -17.63% | $67.98M | 0.59% |
| KMLM | -16.80% | $353.87M | 0.9% |
| AGZD | -11.21% | $142.76M | 0.23% |
| CLOI | -11.10% | $715.40M | 0.4% |
| CTA | -9.02% | $350.27M | 0.78% |
| EQLS | -6.83% | $76.08M | 1% |
| ULST | -6.61% | $535.47M | 0.2% |
| KCCA | -5.70% | $220.51M | 0.87% |
| XHLF | -3.98% | $874.27M | 0.03% |
| TBIL | -2.76% | $4.38B | 0.15% |
| FLDR | -1.34% | $595.01M | 0.15% |
| ICLO | -0.94% | $209.30M | 0.2% |
| GBIL | -0.74% | $5.60B | 0.12% |
| BILZ | 0.27% | $563.02M | 0.14% |
| PULS | 1.14% | $8.78B | 0.15% |
| JUCY | 1.28% | $324.29M | 0.6% |
News
SeekingAlpha
KLIP offers reduced volatility and high yield with a covered-call strategy on KWEB for income seekers in Chinese tech stocks. Read more on these ETFs here.
SeekingAlpha
Discover how the KLIP ETF offers steady returns with low volatility through a buywrite strategy focused on undervalued China tech stocks.
SeekingAlpha
Kraneshares China Internet And Covered Call Strategy ETF aims to provide exposure to the Chinese internet sector while reducing volatility. Read more here.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.