KBA vs. KBND

Last updated Jun 4, 2026

KBA (KraneShares Bosera MSCI China A Share ETF) and KBND (KraneShares Bloomberg China Bond Inclusion Index ETF) are both exchange-traded funds - KBA is a China Equities fund tracking the MSCI China A Index, while KBND is a International Government Bonds fund tracking the KBND-US - Bloomberg China Inclusion Focused Bond Index. Both are passively managed. At a 0.17 correlation, their price movements are largely independent. KBA charges 0.60%/yr vs 0.50%/yr for KBND.

Performance

KBA vs. KBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Bosera MSCI China A Share ETF (KBA) and KraneShares Bloomberg China Bond Inclusion Index ETF (KBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KBA

• 1D: 0.14%
• 1M: 4.32%
• YTD: 12.62%
• 6M: 16.80%
• 1Y: 49.12%
• 3Y*: 16.22%
• 5Y*: 6.46%
• 10Y*: 10.15%

KBND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBA vs. KBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KBA KraneShares Bosera MSCI China A Share ETF	12.62%	33.88%	15.73%	-16.77%	-3.49%	3.17%	41.62%	35.44%	-26.28%	30.69%
KBND KraneShares Bloomberg China Bond Inclusion Index ETF	0.00%	0.00%	0.89%	3.13%	-6.81%	4.41%	9.38%	1.25%	-0.09%	9.89%

Correlation

The correlation between KBA and KBND is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 4, 2014	0.17

Return for Risk

KBA vs. KBND — Risk / Return Rank

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

KBA

KBA Risk / Return Rank: 85
KBA Sharpe Ratio Rank: 84
KBA Sortino Ratio Rank: 84
KBA Omega Ratio Rank: 83
KBA Calmar Ratio Rank: 93
KBA Martin Ratio Rank: 84

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.

KBA vs. KBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) and KraneShares Bloomberg China Bond Inclusion Index ETF (KBND). 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.

	KBA	KBND	Difference
Sharpe ratio Return per unit of total volatility	2.80	—	—
Sortino ratio Return per unit of downside risk	3.80	—	—
Omega ratio Gain probability vs. loss probability	1.50	—	—
Calmar ratio Return relative to maximum drawdown	6.45	—	—
Martin ratio Return relative to average drawdown	17.29	—	—
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

	KBA	KBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	—	—

Drawdowns

Drawdown Indicators

	KBA	KBND	Difference
Max Drawdown Largest peak-to-trough decline	-53.24%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.32%	—	—
Current Drawdown Current decline from peak	-1.25%	—	—
Average Drawdown Average peak-to-trough decline	-25.81%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	—	—

Volatility

Volatility by Period

	KBA	KBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.20%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.32%	—	—

KBA vs. KBND - Expense Ratio Comparison

KBA has a 0.60% expense ratio, which is higher than KBND's 0.50% expense ratio.

Dividends

KBA vs. KBND - Dividend Comparison

KBA's dividend yield for the trailing twelve months is around 1.39%, while KBND has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBA KraneShares Bosera MSCI China A Share ETF	1.39%	1.56%	2.18%	2.34%	49.05%	9.07%	0.65%	1.53%	3.77%	1.46%	6.62%	29.08%
KBND KraneShares Bloomberg China Bond Inclusion Index ETF	0.00%	0.00%	0.40%	2.20%	2.51%	6.97%	2.27%	3.47%	4.98%	0.00%	0.04%	1.16%

Frequently Asked Questions

Can I hold both KBA and KBND in my portfolio?

KBA and KBND have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KBA or KBND?

On fees, KBND 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, KBA or KBND?

KBND is cheaper with a 0.50% expense ratio, compared with 0.60% for KBA.

Which ETF pays a higher dividend yield, KBA or KBND?

KBA has the higher dividend yield at 1.39%, compared with 0.00% for KBND.

What is the main difference between KBA and KBND?

KBA is categorized as China Equities, while KBND is International Government Bonds. KBA tracks MSCI China A Index, while KBND tracks KBND-US - Bloomberg China Inclusion Focused Bond Index. Their fees differ too: 0.60% for KBA and 0.50% for KBND.