- ISIN
- US5007677025
- CUSIP
- 500767702
- Issuer
- CICC
- Inception Date
- Dec 3, 2014
- Region
- Emerging Asia Pacific (China)
- Category
- International Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- KBND-US - Bloomberg China Inclusion Focused Bond Index
- Distribution Policy
- Accumulating
- Asset Class
- Bond
- Assets Under Management
- $3M
Share Price Chart
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Performance
KBND Performance Chart
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Returns By Period
KraneShares Bloomberg China Bond Inclusion Index ETF
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
KBND Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.18% | 0.33% | 0.74% | 0.89% | |||||||||
| 2023 | 3.84% | -2.22% | 1.38% | -0.27% | -1.05% | -1.70% | 1.15% | -1.23% | -0.14% | -0.08% | 2.37% | 1.20% | 3.13% |
| 2022 | 0.81% | 0.30% | -1.17% | -3.65% | -0.97% | 1.56% | -0.06% | -1.79% | -4.03% | -1.00% | 1.98% | 1.18% | -6.81% |
| 2021 | 1.12% | -0.22% | -1.11% | 1.56% | 1.78% | -2.27% | 0.82% | 0.32% | -0.16% | 1.26% | 0.51% | 0.78% | 4.41% |
Benchmark Metrics
KraneShares Bloomberg China Bond Inclusion Index ETF has an annualized alpha of 0.65%, beta of 0.09, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since December 03, 2014.
- This ETF participated in 14.86% of S&P 500 Index downside but only 10.70% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.09 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.65%
- Beta
- 0.09
- R²
- 0.04
- Upside Capture
- 10.70%
- Downside Capture
- 14.86%
Expense Ratio
KBND has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for KraneShares Bloomberg China Bond Inclusion Index ETF (KBND) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KBND | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
KraneShares Bloomberg China Bond Inclusion Index ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.69 | $0.78 | $2.37 | $0.79 | $1.14 | $1.66 | $0.00 | $0.01 | $0.39 |
Dividend yield | 0.00% | 2.20% | 2.51% | 6.97% | 2.27% | 3.47% | 4.98% | 0.00% | 0.04% | 1.16% |
Monthly Dividends
The table displays the monthly dividend distributions for KraneShares Bloomberg China Bond Inclusion Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.06 | $0.00 | $0.13 | |||||||||
| 2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.69 |
| 2022 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.78 |
| 2021 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $1.60 | $2.37 |
| 2020 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.79 |
| 2019 | $0.12 | $0.12 | $0.12 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.08 | $0.06 | $0.07 | $0.07 | $1.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the KraneShares Bloomberg China Bond Inclusion Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the KraneShares Bloomberg China Bond Inclusion Index ETF was 12.70%, occurring on Mar 19, 2020. Recovery took 149 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -12.70%Mar 2020 | 1y 11mo | 7mo 5d | 2y 6moApr 2018 - Oct 2020 |
Bear market2022 | -12.04%Nov 2022 | 9mo 19d | — | 4y 5moJan 2022 - now |
2016 pullback2016 | -9.09%Dec 2016 | 1y 7mo | 8mo 12d | 2y 3moMay 2015 - Sep 2017 |
2017 pullback2017 | -2.67%Nov 2017 | 1mo 28d | 1mo 24d | 3mo 22dSep 2017 - Jan 2018 |
2021 pullback2021 | -2.57%Jun 2021 | 22d | 4mo 15d | 5mo 7dJun 2021 - Nov 2021 |
Drawdown Indicators
| KBND | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.80% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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