- Issuer
- KraneShares
- Inception Date
- Feb 7, 2024
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $7M
Highlights
- Avg. Volume (1M)
- 3K
- Avg. Volume Value (1M)
- $73.40K
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
KBUF Performance Chart
KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) is down 9.8% since the beginning of the year. KBUF is currently trading at $28 per share.
Loading charts...
Compare this symbol against anything
Returns By Period
KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) has returned -9.79% so far this year and -3.91% over the past 12 months.
KraneShares 90% KWEB Defined Outcome January 2026 ETF
- 1D
- 0.58%
- 1M
- 5.82%
- 6M
- -11.81%
- YTD
- -9.79%
- 1Y
- -3.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.85%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
KBUF Monthly Returns History
Based on dividend-adjusted daily data since Feb 8, 2024, KBUF's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, an investment would double in approximately 7.5 years.
Historically, 53% of months were positive and 47% were negative. The best month was Sep 2024 with a return of +11.8%, while the worst month was Feb 2026 at -6.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, KBUF closed higher 51% of trading days. The best single day was Sep 24, 2024 with a return of +4.6%, while the worst single day was Apr 4, 2025 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.29% | -5.96% | -4.42% | -0.01% | -3.87% | -3.80% | 6.11% | -9.79% | |||||
| 2025 | 2.49% | 3.33% | 2.20% | -1.84% | 1.00% | 2.97% | 1.07% | 4.13% | 6.87% | -2.37% | -1.95% | -0.79% | 18.04% |
| 2024 | 1.45% | 1.74% | 2.53% | 2.81% | -1.81% | -0.85% | -0.51% | 11.77% | -2.17% | -0.75% | 1.30% | 15.85% |
Benchmark Metrics
KraneShares 90% KWEB Defined Outcome January 2026 ETF has an annualized alpha of 3.41%, beta of 0.35, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since February 08, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (34.81%) than losses (20.05%) - typical of diversified or defensive assets.
- Beta of 0.35 may look defensive, but with R2 of 0.15 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 0.15 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
- 3.41%
- Beta
- 0.35
- R²
- 0.15
- Upside Capture
- 34.81%
- Downside Capture
- 20.05%
Expense Ratio
KBUF has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
KBUF ranks 7 for risk / return — above 7% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) 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.
| KBUF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.25 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.00 | -2.22 |
| Martin ratioReturn relative to average drawdown | -0.45 | 8.49 | -8.94 |
Dividends
Dividend History
KraneShares 90% KWEB Defined Outcome January 2026 ETF provided a 8.33% dividend yield over the last twelve months, with an annual payout of $2.30 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.30 | $2.30 | $0.98 |
Dividend yield | 8.33% | 7.51% | 3.53% |
Monthly Dividends
The table displays the monthly dividend distributions for KraneShares 90% KWEB Defined Outcome January 2026 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.30 | $2.30 |
| 2024 | $0.98 | $0.98 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the KraneShares 90% KWEB Defined Outcome January 2026 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 90% KWEB Defined Outcome January 2026 ETF was 21.14%, occurring on Jun 25, 2026. The portfolio has not yet recovered.
The current KraneShares 90% KWEB Defined Outcome January 2026 ETF drawdown is 15.12%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.14%Jun 2026 | 8mo 25d | — | 10mo 3dOct 2025 - now | — |
-8.33%Apr 2025 | 21d | 2mo 17d | 3mo 8dMar 2025 - Jun 2025 | 2025 selloff2025 |
-7.99%Aug 2024 | 3mo 10d | 27d | 4mo 7dMay 2024 - Sep 2024 | — |
-7.92%Jan 2025 | 3mo 9d | 1mo 1d | 4mo 10dOct 2024 - Feb 2025 | — |
-2.83%Mar 2025 | 7d | 2d | 9dFeb 2025 - Mar 2025 | 2025 selloff2025 |
Drawdown Indicators
| KBUF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -56.78% | +35.64% |
Max Drawdown (1Y)Largest decline over 1 year | -21.14% | -9.10% | -12.04% |
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 | -15.12% | -1.58% | -13.54% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -10.70% | +5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.42% | 2.14% | +8.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with KBUF
Add KraneShares 90% KWEB Defined Outcome January 2026 ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with KBUF