CAS vs. KJD

Last updated Jun 4, 2026

CAS (Simplify China A Shares PLUS Income ETF) and KJD (KraneShares 2X Long JD Daily ETF) are both exchange-traded funds - CAS is a China Equities fund actively managed by Simplify, while KJD is a Leveraged Equities fund actively managed by KraneShares. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. CAS charges 0.88%/yr vs 1.26%/yr for KJD.

Performance

CAS vs. KJD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify China A Shares PLUS Income ETF (CAS) and KraneShares 2X Long JD Daily ETF (KJD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAS

• 1D: -0.49%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KJD

• 1D: -4.75%
• 1M: -6.67%
• YTD: 1.96%
• 6M: -6.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAS vs. KJD - Yearly Performance Comparison

	2026 (YTD)
CAS Simplify China A Shares PLUS Income ETF	-1.66%
KJD KraneShares 2X Long JD Daily ETF	1.17%

Correlation

The correlation between CAS and KJD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.40

Return for Risk

CAS vs. KJD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) and KraneShares 2X Long JD Daily ETF (KJD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CAS	KJD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-3.61	-0.62	-2.99

Drawdowns

CAS vs. KJD - Drawdown Comparison

The maximum CAS drawdown since its inception was -2.59%, smaller than the maximum KJD drawdown of -49.17%. Use the drawdown chart below to compare losses from any high point for CAS and KJD.

Drawdown Indicators

	CAS	KJD	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	-49.17%	+46.58%
Current Drawdown Current decline from peak	-1.66%	-31.90%	+30.24%
Average Drawdown Average peak-to-trough decline	-1.72%	-28.63%	+26.91%

Volatility

Volatility by Period

	CAS	KJD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.83%	62.90%	-42.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	62.90%	-42.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.83%	62.90%	-42.07%

CAS vs. KJD - Expense Ratio Comparison

CAS has a 0.88% expense ratio, which is lower than KJD's 1.26% expense ratio.

Dividends

CAS vs. KJD - Dividend Comparison

Neither CAS nor KJD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CAS and KJD in my portfolio?

CAS and KJD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAS or KJD?

On fees, CAS is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAS or KJD?

CAS is cheaper with a 0.88% expense ratio, compared with 1.26% for KJD.

Which ETF pays a higher dividend yield, CAS or KJD?

CAS and KJD have nearly identical dividend yields, around 0.00%.

What is the main difference between CAS and KJD?

CAS is categorized as China Equities, while KJD is Leveraged Equities. They also come from different issuers: Simplify and KraneShares. Their fees differ too: 0.88% for CAS and 1.26% for KJD.