FCA vs. KJD

Last updated Aug 2, 2026

FCA (First Trust China AlphaDEX Fund) and KJD (KraneShares 2X Long JD Daily ETF) are both China Equities funds. FCA is passively managed, while KJD is actively managed. Their 0.23 correlation means their historical movements had little consistent relationship. FCA charges 0.80%/yr vs 1.26%/yr for KJD.

Performance

FCA vs. KJD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust China AlphaDEX Fund (FCA) 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, FCA achieves a -1.73% return, which is significantly lower than KJD's 24.47% return.

FCA

• 1D: 0.13%
• 1M: 2.89%
• 6M: -13.34%
• YTD: -1.73%
• 1Y: 11.99%
• 3Y*: 14.04%
• 5Y*: 3.42%
• 10Y*: 7.88%
• ALL TIME*: 2.82%

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)
FCA First Trust China AlphaDEX Fund	$167.08K	$290.49K	$1.96M
KJD KraneShares 2X Long JD Daily ETF	$81.29K	$62.29K	$79.36K

FCA vs. KJD - Yearly Performance Comparison

	2026 (YTD)	2025
FCA First Trust China AlphaDEX Fund	-1.73%	0.03%
KJD KraneShares 2X Long JD Daily ETF	24.47%	-28.21%

Correlation

The correlation between FCA and KJD is 0.23, 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	0.23

Return for Risk

FCA vs. KJD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCA

FCA Risk / Return Rank: 20
FCA Sharpe Ratio Rank: 21
FCA Sortino Ratio Rank: 21
FCA Omega Ratio Rank: 21
FCA Calmar Ratio Rank: 18
FCA Martin Ratio Rank: 19

KJD

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCA vs. KJD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust China AlphaDEX Fund (FCA) 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.

	FCA	KJD	Difference
Sharpe ratio: Return per unit of total volatility	0.44	—	—
Sortino ratio: Return per unit of downside risk	0.73	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.43	—	—
Martin ratio: Return relative to average drawdown	1.23	—	—

Drawdowns

FCA vs. KJD - Drawdown Comparison

The maximum FCA drawdown since its inception was -45.56%, smaller than the maximum KJD drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for FCA and KJD.

Drawdown Indicators

	FCA	KJD	Difference
Max Drawdown Largest peak-to-trough decline	-45.56%	-50.81%	+5.25%
Max Drawdown (1Y) Largest decline over 1 year	-24.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.47%	—	—
Current Drawdown Current decline from peak	-19.71%	-16.87%	-2.84%
Average Drawdown Average peak-to-trough decline	-21.61%	-30.11%	+8.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.38%	—	—

Volatility

Volatility by Period

	FCA	KJD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.46%	60.95%	-37.49%
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	26.74%	60.95%	-34.21%

FCA vs. KJD - Expense Ratio Comparison

FCA has a 0.80% expense ratio, which is lower than KJD's 1.26% expense ratio.

Dividends

FCA vs. KJD - Dividend Comparison

FCA's dividend yield for the trailing twelve months is around 2.87%, while KJD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCA First Trust China AlphaDEX Fund	2.87%	2.67%	5.17%	5.70%	6.00%	4.91%	4.12%	3.73%	3.10%	2.30%	2.51%	4.13%
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%	0.00%

Frequently Asked Questions

Can I hold both FCA and KJD in my portfolio?

FCA and KJD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCA or KJD?

On fees, FCA is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCA or KJD?

FCA is cheaper with a 0.80% expense ratio, compared with 1.26% for KJD.

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

FCA has the higher dividend yield at 2.87%, compared with 0.00% for KJD.

What is the main difference between FCA and KJD?

They also come from different issuers: First Trust and KraneShares. Their fees differ too: 0.80% for FCA and 1.26% for KJD.