CNYA vs. KJD
CNYA (iShares MSCI China A ETF) and KJD (KraneShares 2X Long JD Daily ETF) are both China Equities funds. CNYA is passively managed, while KJD is actively managed. Their 0.27 correlation means their historical movements had little consistent relationship. CNYA charges 0.60%/yr vs 1.26%/yr for KJD.
Performance
CNYA vs. KJD - Performance Comparison
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Returns By Period
In the year-to-date period, CNYA achieves a 1.42% return, which is significantly lower than KJD's 24.37% return.
CNYA
- 1D
- -0.48%
- 1M
- -4.50%
- 6M
- 1.02%
- YTD
- 1.42%
- 1Y
- 20.44%
- 3Y*
- 7.23%
- 5Y*
- -1.55%
- 10Y*
- 5.24%
- ALL TIME*
- 5.58%
KJD
- 1D
- -0.08%
- 1M
- 50.90%
- 6M
- 28.04%
- YTD
- 24.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.46M | $2.43M | $4.11M | |
| $81.04K | $59.94K | $80.44K |
CNYA vs. KJD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CNYA iShares MSCI China A ETF | 1.42% | 4.76% |
KJD KraneShares 2X Long JD Daily ETF | 24.37% | -28.21% |
Correlation
The correlation between CNYA and KJD is 0.27, 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 | 0.27 |
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Return for Risk
CNYA vs. KJD — Risk / Return Rank
CNYA
KJD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CNYA vs. KJD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) 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.
| CNYA | KJD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | — | — |
| Martin ratioReturn relative to average drawdown | 5.71 | — | — |
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Drawdowns
CNYA vs. KJD - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, roughly equal to the maximum KJD drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for CNYA and KJD.
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Drawdown Indicators
| CNYA | KJD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.49% | -50.81% | +1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.49% | — | — |
Current DrawdownCurrent decline from peak | -19.65% | -16.94% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -20.61% | -30.05% | +9.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | — | — |
Volatility
CNYA vs. KJD - Volatility Comparison
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Volatility by Period
| CNYA | KJD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 60.80% | -40.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 60.80% | -36.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.63% | 60.80% | -37.17% |
CNYA vs. KJD - Expense Ratio Comparison
CNYA has a 0.60% expense ratio, which is lower than KJD's 1.26% expense ratio.
Dividends
CNYA vs. KJD - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 1.85%, while KJD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.85% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
KJD KraneShares 2X Long JD Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CNYA and KJD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNYA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNYA is cheaper with a 0.60% expense ratio, compared with 1.26% for KJD.
CNYA has the higher dividend yield at 1.85%, compared with 0.00% for KJD.
They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.60% for CNYA and 1.26% for KJD.
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