CNQQ vs. KJD

Last updated Aug 2, 2026

CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) and KJD (KraneShares 2X Long JD Daily ETF) are both China Equities funds. CNQQ is passively managed, while KJD is actively managed. Their 0.42 correlation means their historical movements had little consistent relationship. CNQQ charges 0.75%/yr vs 1.26%/yr for KJD.

Performance

CNQQ vs. KJD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and KraneShares 2X Long JD Daily ETF (KJD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNQQ achieves a 1.50% return, which is significantly lower than KJD's 24.47% return.

CNQQ

• 1D: 0.73%
• 1M: -4.81%
• 6M: -0.44%
• YTD: 1.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

KJD

• 1D: 4.42%
• 1M: 51.02%
• 6M: 28.51%
• YTD: 24.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	$685.05K	$467.08K	$508.55K
KJD KraneShares 2X Long JD Daily ETF	$81.29K	$62.29K	$79.36K

CNQQ vs. KJD - Yearly Performance Comparison

	2026 (YTD)	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	1.50%	-1.17%
KJD KraneShares 2X Long JD Daily ETF	24.47%	-28.21%

Correlation

The correlation between CNQQ and KJD is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.42

Return for Risk

CNQQ vs. KJD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) 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.

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.

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

Drawdowns

CNQQ vs. KJD - Drawdown Comparison

The maximum CNQQ drawdown since its inception was -17.82%, smaller than the maximum KJD drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for CNQQ and KJD.

Drawdown Indicators

	CNQQ	KJD	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-50.81%	+32.99%
Current Drawdown Current decline from peak	-12.07%	-16.87%	+4.80%
Average Drawdown Average peak-to-trough decline	-8.56%	-30.11%	+21.55%

Volatility

Volatility by Period

	CNQQ	KJD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.77%	60.95%	-33.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.77%	60.95%	-33.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.77%	60.95%	-33.18%

CNQQ vs. KJD - Expense Ratio Comparison

CNQQ has a 0.75% expense ratio, which is lower than KJD's 1.26% expense ratio.

Dividends

CNQQ vs. KJD - Dividend Comparison

CNQQ's dividend yield for the trailing twelve months is around 0.39%, while KJD has not paid dividends to shareholders.

Position	TTM	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.39%	0.09%
KJD KraneShares 2X Long JD Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CNQQ and KJD in my portfolio?

CNQQ and KJD have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CNQQ or KJD?

On fees, CNQQ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CNQQ or KJD?

CNQQ is cheaper with a 0.75% expense ratio, compared with 1.26% for KJD.

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

CNQQ has the higher dividend yield at 0.39%, compared with 0.00% for KJD.

What is the main difference between CNQQ and KJD?

They also come from different issuers: Rayliant and KraneShares. Their fees differ too: 0.75% for CNQQ and 1.26% for KJD.