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ETFs

KraneShares China Internet and Covered Call Strategy ETF

KLIP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 12 2023
Expense Ratio
0.95%
Type
Global Ex. US Equities
Fund Owner
Krane Shares
Volume (1m avg. daily)
$4,295,556
AUM
$100,015,535
Associated Index
KraneShares CSI China Internet ETF
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

KWEB
KraneShares Trust - KraneShares CSI China Internet ETF
98.46%
n/a
Cash
4.33%
n/a
KWEB US 09/29/23 C29.22
0.00%
n/a
KWEB US 10/13/2023 C27.67
-0.01%
n/a
KWEB US 10/06/2023 C28.9
-0.02%
n/a
KWEB US 10/13/2023 C27.96
-0.02%
n/a
KWEB US 09/29/23 C28.35
-0.02%
n/a
KWEB US 10/13/2023 C28
-0.04%
n/a
KWEB US 10/20/2023 C27.78
-0.04%
n/a
KWEB US 10/20/2023 C27.89
-0.07%
Invest with KLIP

What is KLIP?

The KraneShares China Internet & Covered Call Strategy ETF (ticker: KLIP) seeks to provide current income by following a "covered call" or "buy-write" strategy. KLIP buys shares of the KraneShares CSI China Internet ETF (ticker: KWEB) and "writes" or "sells" corresponding call options on KWEB. Both KLIP and KWEB are benchmarked to the CSI Overseas China Internet Index, which tracks the performance of the investable universe of publicly traded China-based companies in the Internet sector.

ETFs related toKLIP

ETFs correlated to KLIP include CWEB, KWEB, EMQQ

KLIP
KraneShares Trust - KraneShares China Internet and Covered Call Strategy ETF
CWEB
Direxion Shares ETF Trust - Direxion Daily CSI China Internet Index Bull 2X Shares
KWEB
KraneShares Trust - KraneShares CSI China Internet ETF
EMQQ
Exchange Traded Concepts Trust - EMQQ The Emerging Markets Internet and Ecommerce ETF
GXC
SSgA Active Trust - SPDR S&P China ETF
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
CHIQ
Global X Funds - Global X MSCI China Consumer Discretionary ETF
YINN
Direxion Shares ETF Trust - Direxion Daily FTSE China Bull 3X Shares
FXI
BlackRock Institutional Trust Company N.A. - iShares China Large-Cap ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund
CQQQ
Invesco Capital Management LLC - Invesco China Technology ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toKLIP

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with KLIP using Composer

FAQ

KLIP is a Global Ex. US Equities ETF. The KraneShares China Internet & Covered Call Strategy ETF (ticker: KLIP) seeks to provide current income by following a "covered call" or "buy-write" strategy. KLIP buys shares of the KraneShares CSI China Internet ETF (ticker: KWEB) and "writes" or "sells" corresponding call options on KWEB. Both KLIP and KWEB are benchmarked to the CSI Overseas China Internet Index, which tracks the performance of the investable universe of publicly traded China-based companies in the Internet sector.

KLIP tracks the KraneShares CSI China Internet ETF.

No, KLIP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, KLIP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KLIP is 0.0282%. This is the percent change in the value of KLIP over the most recent 1-month period. The 3-month return on KLIP is 0.0561%. This is the percent change in the value of KLIP over the most recent 3-month period.

ETFs similar to KLIP include QQH, RODM, and MOTI.

ETFs correlated to KLIP include CWEB, KWEB, and EMQQ.

ETFs that are inversely correlated to KLIP include YANG, EDZ, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.