KARS vs. BNDD

Last updated Jun 4, 2026

KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) and BNDD (Quadratic Deflation ETF) are both exchange-traded funds - KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index, while BNDD is a Government Bonds fund actively managed by KraneShares. KARS is passively managed, while BNDD is actively managed. Over the past 3 years, KARS returned 6.58%/yr vs -3.91%/yr for BNDD. At a 0.02 correlation, their price movements are largely independent. KARS charges 0.72%/yr vs 1.02%/yr for BNDD.

Performance

KARS vs. BNDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and Quadratic Deflation ETF (BNDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KARS achieves a 16.24% return, which is significantly higher than BNDD's 4.32% return.

KARS

• 1D: -3.32%
• 1M: -3.27%
• YTD: 16.24%
• 6M: 17.45%
• 1Y: 69.84%
• 3Y*: 6.58%
• 5Y*: -2.35%
• 10Y*: —

BNDD

• 1D: -0.08%
• 1M: 1.37%
• YTD: 4.32%
• 6M: 2.24%
• 1Y: 3.39%
• 3Y*: -3.91%
• 5Y*: —
• 10Y*: —

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

KARS vs. BNDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	16.24%	46.04%	-17.88%	-7.85%	-39.20%	8.32%
BNDD Quadratic Deflation ETF	4.32%	-8.17%	-6.65%	4.02%	-17.48%	5.54%

Correlation

The correlation between KARS and BNDD is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021	0.02

KARS vs. BNDD - Sectors Allocation Comparison

Sectors	KARS	BNDD
Consumer Cyclical	34.3%	-
Basic Materials	26.6%	-
Industrials	21.9%	-
Technology	17.2%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	77.7%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

KARS vs. BNDD — Risk / Return Rank

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

KARS

KARS Risk / Return Rank: 82
KARS Sharpe Ratio Rank: 82
KARS Sortino Ratio Rank: 73
KARS Omega Ratio Rank: 72
KARS Calmar Ratio Rank: 93
KARS Martin Ratio Rank: 88

BNDD

BNDD Risk / Return Rank: 14
BNDD Sharpe Ratio Rank: 13
BNDD Sortino Ratio Rank: 12
BNDD Omega Ratio Rank: 12
BNDD Calmar Ratio Rank: 16
BNDD Martin Ratio Rank: 15

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.

KARS vs. BNDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and Quadratic Deflation ETF (BNDD). 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.

	KARS	BNDD	Difference
Sharpe ratio: Return per unit of total volatility	2.71	0.32	+2.38
Sortino ratio: Return per unit of downside risk	3.33	0.52	+2.81
Omega ratio: Gain probability vs. loss probability	1.43	1.06	+0.37
Calmar ratio: Return relative to maximum drawdown	6.97	0.56	+6.41
Martin ratio: Return relative to average drawdown	19.68	1.20	+18.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KARS vs. BNDD - Sharpe Ratio Comparison

The current KARS Sharpe Ratio is 2.71, which is higher than the BNDD Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of KARS and BNDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KARS	BNDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	0.32	+2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.33	+0.53

Drawdowns

KARS vs. BNDD - Drawdown Comparison

The maximum KARS drawdown since its inception was -64.85%, which is greater than BNDD's maximum drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for KARS and BNDD.

Drawdown Indicators

	KARS	BNDD	Difference
Max Drawdown Largest peak-to-trough decline	-64.85%	-30.87%	-33.98%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-6.09%	-3.99%
Max Drawdown (3Y) Largest decline over 3 years	-47.79%	-20.75%	-27.04%
Max Drawdown (5Y) Largest decline over 5 years	-64.85%	—	—
Current Drawdown Current decline from peak	-29.15%	-26.51%	-2.64%
Average Drawdown Average peak-to-trough decline	-28.32%	-19.34%	-8.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	2.83%	+0.73%

Volatility

KARS vs. BNDD - Volatility Comparison

KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a higher volatility of 9.00% compared to Quadratic Deflation ETF (BNDD) at 2.21%. This indicates that KARS's price experiences larger fluctuations and is considered to be riskier than BNDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KARS	BNDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	2.21%	+6.79%
Volatility (6M) Calculated over the trailing 6-month period	18.66%	8.11%	+10.55%
Volatility (1Y) Calculated over the trailing 1-year period	25.97%	10.59%	+15.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.78%	13.38%	+16.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.29%	13.38%	+15.91%

KARS vs. BNDD - Expense Ratio Comparison

KARS has a 0.72% expense ratio, which is lower than BNDD's 1.02% expense ratio.

Dividends

KARS vs. BNDD - Dividend Comparison

KARS's dividend yield for the trailing twelve months is around 0.16%, less than BNDD's 3.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BNDD Quadratic Deflation ETF	3.61%	3.82%	3.85%	4.30%	43.17%	1.04%	0.00%	0.00%	0.00%
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	0.16%	0.18%	0.78%	0.88%	1.13%	6.73%	0.14%	1.85%	1.38%

Frequently Asked Questions

Can I hold both KARS and BNDD in my portfolio?

KARS and BNDD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KARS or BNDD?

KARS has higher volatility (9.00%) compared to BNDD (2.21%). In terms of maximum drawdown, KARS dropped -64.85% vs BNDD's -30.87%.

Which ETF is better, KARS or BNDD?

On 3-year performance, KARS leads with 6.58% vs -3.91% for BNDD. On fees, KARS is cheaper at 0.72% per year. On volatility, BNDD has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KARS or BNDD?

Over the 3-year period, KARS has performed better with a 6.58% return vs -3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KARS or BNDD?

KARS is cheaper with a 0.72% expense ratio, compared with 1.02% for BNDD.

Which ETF pays a higher dividend yield, KARS or BNDD?

BNDD has the higher dividend yield at 3.61%, compared with 0.16% for KARS.

What is the main difference between KARS and BNDD?

KARS is categorized as Industrials Equities, while BNDD is Government Bonds. Their fees differ too: 0.72% for KARS and 1.02% for BNDD.

Which has better risk-adjusted returns?

KARS currently has the higher Sharpe Ratio (2.71 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.