FDCF vs. KBDU

Last updated Jun 4, 2026

FDCF (Fidelity Disruptive Communications ETF) and KBDU (KraneShares 2X Long BIDU Daily ETF) are both exchange-traded funds - FDCF is a Communications Equities fund actively managed by Fidelity, while KBDU is a Leveraged Equities fund actively managed by KraneShares. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. FDCF charges 0.50%/yr vs 1.26%/yr for KBDU.

Performance

FDCF vs. KBDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Communications ETF (FDCF) and KraneShares 2X Long BIDU Daily ETF (KBDU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDCF achieves a 5.62% return, which is significantly higher than KBDU's -11.68% return.

FDCF

• 1D: -1.77%
• 1M: 3.38%
• YTD: 5.62%
• 6M: 7.71%
• 1Y: 23.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KBDU

• 1D: -5.85%
• 1M: 3.94%
• YTD: -11.68%
• 6M: 6.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDCF vs. KBDU - Yearly Performance Comparison

	2026 (YTD)	2025
FDCF Fidelity Disruptive Communications ETF	5.62%	7.91%
KBDU KraneShares 2X Long BIDU Daily ETF	-11.68%	34.59%

Correlation

The correlation between FDCF and KBDU is 0.44, 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 Nov 21, 2025	0.44

Return for Risk

FDCF vs. KBDU — Risk / Return Rank

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

FDCF

FDCF Risk / Return Rank: 31
FDCF Sharpe Ratio Rank: 35
FDCF Sortino Ratio Rank: 33
FDCF Omega Ratio Rank: 34
FDCF Calmar Ratio Rank: 27
FDCF Martin Ratio Rank: 28

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.

FDCF vs. KBDU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Communications ETF (FDCF) and KraneShares 2X Long BIDU Daily ETF (KBDU). 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.

	FDCF	KBDU	Difference
Sharpe ratio Return per unit of total volatility	1.29	—	—
Sortino ratio Return per unit of downside risk	1.79	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	1.31	—	—
Martin ratio Return relative to average drawdown	3.95	—	—
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

	FDCF	KBDU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	0.38	+0.91

Drawdowns

FDCF vs. KBDU - Drawdown Comparison

The maximum FDCF drawdown since its inception was -22.53%, smaller than the maximum KBDU drawdown of -59.14%. Use the drawdown chart below to compare losses from any high point for FDCF and KBDU.

Drawdown Indicators

	FDCF	KBDU	Difference
Max Drawdown Largest peak-to-trough decline	-22.53%	-59.14%	+36.61%
Max Drawdown (1Y) Largest decline over 1 year	-18.10%	—	—
Current Drawdown Current decline from peak	-1.90%	-40.93%	+39.03%
Average Drawdown Average peak-to-trough decline	-4.17%	-28.72%	+24.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.97%	—	—

Volatility

Volatility by Period

	FDCF	KBDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.36%	102.15%	-83.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.58%	102.15%	-81.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.58%	102.15%	-81.57%

FDCF vs. KBDU - Expense Ratio Comparison

FDCF has a 0.50% expense ratio, which is lower than KBDU's 1.26% expense ratio.

Dividends

FDCF vs. KBDU - Dividend Comparison

FDCF's dividend yield for the trailing twelve months is around 0.03%, while KBDU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FDCF Fidelity Disruptive Communications ETF	0.03%	0.09%	0.25%	0.19%
KBDU KraneShares 2X Long BIDU Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDCF and KBDU in my portfolio?

FDCF and KBDU have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDCF or KBDU?

On fees, FDCF is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDCF or KBDU?

FDCF is cheaper with a 0.50% expense ratio, compared with 1.26% for KBDU.

Which ETF pays a higher dividend yield, FDCF or KBDU?

FDCF has the higher dividend yield at 0.03%, compared with 0.00% for KBDU.

What is the main difference between FDCF and KBDU?

FDCF is categorized as Communications Equities, while KBDU is Leveraged Equities. They also come from different issuers: Fidelity and KraneShares. Their fees differ too: 0.50% for FDCF and 1.26% for KBDU.