KLIP vs VTI
KraneShares KWEB Covered Call Strategy ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | KLIP | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.94% | 0.03% | |
| AUM | $100M | $666.9B | |
| Dividend Yield | 29.86% | 1.07% | |
| Holdings | 7 | 3,543 | |
| YTD Return | -10.82% | +14.82% | |
| 1Y Return | -7.29% | +22.43% | |
| 3Y Return (annualized) | +6.02% | +21.93% | |
| 5Y Return (annualized) | - | +12.34% | |
| Volatility (annualized) | 14.6% | 15.4% | |
| Max Drawdown | -21.5% | -56.6% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 11, 2023 | May 24, 2001 |
KLIP vs VTI Performance
KraneShares KWEB Covered Call Strategy ETF (KLIP) is a ETF from KraneShares and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year KLIP returned -7.29% while VTI returned +22.43%. Year to date, KLIP is down 10.82% versus a gain of 14.82% for VTI.
Over three years, KLIP compounded at +6.02% per year against +21.93% for VTI. Across the full 4-year window we track, VTI has the edge at +8.16% annualized vs +5.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.6% for KLIP. 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 -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KLIP charges 0.94% per year while VTI charges 0.03%. On a $10,000 position that is $94 vs $3 annually, a gap of $91 per year that compounds over a long holding period. On income, KLIP currently yields 29.86% against 1.07% for VTI.
Holdings Overlap
KLIP and VTI share 0 holdings out of 2788 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KLIP or VTI?
KLIP has an expense ratio of 0.94% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, KLIP or VTI?
Over the past year KLIP returned -7.29% vs +22.43% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (4 years), KLIP annualized +5.32% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, KLIP or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 14.6% for KLIP. Worst drawdown: KLIP -21.5% vs VTI -56.6%.
Should I hold both KLIP and VTI?
KLIP and VTI have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KLIP and VTI?
KLIP and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2788 unique securities.
Which pays a higher dividend, KLIP or VTI?
KLIP yields 29.86% while VTI yields 1.07%, so KLIP currently pays the higher dividend yield.
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