KLIP vs KPRO
KraneShares KWEB Covered Call Strategy ETF vs KraneShares 100% KWEB Defined Outcome January 2027 ETF
Which is better, KLIP or KPRO?
KLIP has been ahead.
KLIP has a lower expense ratio. KLIP led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | KLIP | KPRO |
|---|---|---|
| Expense Ratio | 0.94%Best | 1.00% |
| AUM | $91M | $3M |
| Dividend Yield | 31.00% | 9.69% |
| Holdings | 7 | 4 |
| YTD Return | -14.67% | -8.04%Best |
| 1Y Return | -13.13%Best | -14.48% |
| 3Y Return (annualized) | +2.83% | - |
| Volatility (annualized) | 13.5% | 8.0%Best |
| Max Drawdown | -21.5% | -16.0%Best |
| $10,000 over 2.7 years | $11,146Best | $10,630 |
| Fund Family | KraneShares | KraneShares |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jan 11, 2023 | Feb 7, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Feb 8, 2024 to Oct 14, 2026 (2.7 years).
KLIP vs KPRO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.7 years both funds cover.
KLIP vs KPRO Performance
KraneShares KWEB Covered Call Strategy ETF (KLIP) is an ETF from KraneShares and KraneShares 100% KWEB Defined Outcome January 2027 ETF (KPRO) is an ETF from KraneShares. Over the past year KLIP returned -13.13% while KPRO returned -14.48%. Year to date, KLIP is down 14.67% versus a loss of 8.04% for KPRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KLIP has been the more volatile fund, with annualized monthly volatility of 13.5% compared with 8.0% for KPRO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.5% for KLIP and -16.0% for KPRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
KLIP charges 0.94% per year while KPRO charges 1.00%. On a $10,000 position that is $94 vs $100 annually, a gap of $6 per year that compounds over a long holding period. On income, KLIP currently yields 31.00% against 9.69% for KPRO.
Holdings Overlap
We hold position weights for 1 holding in KLIP and 1 in KPRO, totalling 100.8% and 80.0% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in KLIP and 1 in KPRO, against full books of 7 and 4.
Top Shared Holdings
| Stock | Weight in KLIP | Weight in KPRO | Difference |
|---|---|---|---|
| KWEBKraneshares Csi China Internet ETF | 100.80% | 79.96% | 20.84% |
You are not choosing between two funds in isolation.
Whichever of KLIP and KPRO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KLIP or KPRO?
KLIP has an expense ratio of 0.94% while KPRO charges 1.00%. KLIP is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, KLIP or KPRO?
Over the past year KLIP returned -13.13% vs -14.48% for KPRO, so KLIP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KLIP or KPRO?
KLIP has been the more volatile fund at 13.5% annualized versus 8.0% for KPRO. Worst drawdown: KLIP -21.5% vs KPRO -16.0%.
Should I hold both KLIP and KPRO?
KLIP and KPRO have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, KLIP or KPRO?
KLIP yields 31.00% while KPRO yields 9.69%, so KLIP currently pays the higher dividend yield.
Is KPRO better than KLIP?
KLIP has a lower expense ratio. KLIP led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.