KBA vs. UPRO
Compare and contrast key facts about KraneShares Bosera MSCI China A Share ETF (KBA) and ProShares UltraPro S&P 500 (UPRO).
KBA and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBA is a passively managed fund by CICC that tracks the performance of the MSCI China A Index. It was launched on Mar 5, 2014. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both KBA and UPRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KBA or UPRO.
Key characteristics
| KBA | UPRO | |
|---|---|---|
| YTD Return | 21.39% | 53.95% |
| 1Y Return | 17.97% | 99.00% |
| 3Y Return (Ann) | -8.26% | 5.52% |
| 5Y Return (Ann) | 2.84% | 23.26% |
| 10Y Return (Ann) | 3.74% | 23.54% |
| Sharpe Ratio | 0.72 | 3.18 |
| Sortino Ratio | 1.23 | 3.44 |
| Omega Ratio | 1.18 | 1.48 |
| Calmar Ratio | 0.39 | 2.51 |
| Martin Ratio | 2.63 | 19.28 |
| Ulcer Index | 7.37% | 6.01% |
| Daily Std Dev | 27.09% | 36.40% |
| Max Drawdown | -53.24% | -76.82% |
| Current Drawdown | -33.06% | -7.45% |
Correlation
The correlation between KBA and UPRO is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KBA vs. UPRO - Performance Comparison
In the year-to-date period, KBA achieves a 21.39% return, which is significantly lower than UPRO's 53.95% return. Over the past 10 years, KBA has underperformed UPRO with an annualized return of 3.74%, while UPRO has yielded a comparatively higher 23.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KBA vs. UPRO - Expense Ratio Comparison
KBA has a 0.60% expense ratio, which is lower than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
KBA vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) and ProShares UltraPro S&P 500 (UPRO). 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.
Dividends
KBA vs. UPRO - Dividend Comparison
KBA's dividend yield for the trailing twelve months is around 1.93%, more than UPRO's 0.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | 1.93% | 2.34% | 26.65% | 9.07% | 0.65% | 1.53% | 3.77% | 0.99% | 4.90% | 29.08% | 0.11% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.82% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
KBA vs. UPRO - Drawdown Comparison
The maximum KBA drawdown since its inception was -53.24%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for KBA and UPRO. For additional features, visit the drawdowns tool.
Volatility
KBA vs. UPRO - Volatility Comparison
KraneShares Bosera MSCI China A Share ETF (KBA) has a higher volatility of 16.31% compared to ProShares UltraPro S&P 500 (UPRO) at 9.48%. This indicates that KBA's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.