BNDD vs. KLXY

Last updated Jun 4, 2026

BNDD (Quadratic Deflation ETF) and KLXY (Kraneshares Global Luxury Index ETF) are both exchange-traded funds - BNDD is a Government Bonds fund actively managed by KraneShares, while KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net. BNDD is actively managed, while KLXY is passively managed. At a 0.10 correlation, their price movements are largely independent. BNDD charges 1.02%/yr vs 0.69%/yr for KLXY.

Performance

BNDD vs. KLXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quadratic Deflation ETF (BNDD) and Kraneshares Global Luxury Index ETF (KLXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BNDD

• 1D: -0.08%
• 1M: 1.37%
• YTD: 4.32%
• 6M: 2.24%
• 1Y: 3.39%
• 3Y*: -3.91%
• 5Y*: —
• 10Y*: —

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDD vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BNDD Quadratic Deflation ETF	4.32%	-8.17%	-6.65%	1.19%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%

Correlation

The correlation between BNDD and KLXY is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.10

BNDD vs. KLXY - Sectors Allocation Comparison

Sectors	BNDD	KLXY
Financial Services	77.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	73.2%
Consumer Defensive	-	21.8%
Energy	-	-
Healthcare	-	4.9%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BNDD vs. KLXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNDD

BNDD Risk / Return Rank: 14
BNDD Sharpe Ratio Rank: 13
BNDD Sortino Ratio Rank: 12
BNDD Omega Ratio Rank: 12
BNDD Calmar Ratio Rank: 16
BNDD Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNDD vs. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quadratic Deflation ETF (BNDD) and Kraneshares Global Luxury Index ETF (KLXY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BNDD	KLXY	Difference
Sharpe ratio: Return per unit of total volatility	0.32	—	—
Sortino ratio: Return per unit of downside risk	0.52	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.56	—	—
Martin ratio: Return relative to average drawdown	1.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BNDD	KLXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	—	—

Drawdowns

Drawdown Indicators

	BNDD	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-30.87%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.75%	—	—
Current Drawdown Current decline from peak	-26.51%	—	—
Average Drawdown Average peak-to-trough decline	-19.34%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	—	—

Volatility

Volatility by Period

	BNDD	KLXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.38%	—	—

BNDD vs. KLXY - Expense Ratio Comparison

BNDD has a 1.02% expense ratio, which is higher than KLXY's 0.69% expense ratio.

Dividends

BNDD vs. KLXY - Dividend Comparison

BNDD's dividend yield for the trailing twelve months is around 3.61%, more than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021
BNDD Quadratic Deflation ETF	3.61%	3.82%	3.85%	4.30%	43.17%	1.04%
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BNDD and KLXY in my portfolio?

BNDD and KLXY have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDD or KLXY?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNDD or KLXY?

KLXY is cheaper with a 0.69% expense ratio, compared with 1.02% for BNDD.

Which ETF pays a higher dividend yield, BNDD or KLXY?

BNDD has the higher dividend yield at 3.61%, compared with 0.85% for KLXY.

What is the main difference between BNDD and KLXY?

BNDD is categorized as Government Bonds, while KLXY is Consumer Discretionary Equities. Their fees differ too: 1.02% for BNDD and 0.69% for KLXY.