KBAB vs. BRKL

Last updated Aug 2, 2026

KBAB (KraneShares 2x Long BABA Daily ETF) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.15 correlation means they have often moved in opposite directions in the past. KBAB charges 1.00%/yr vs 0.45%/yr for BRKL.

Performance

KBAB vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2x Long BABA Daily ETF (KBAB) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KBAB

• 1D: 10.58%
• 1M: 57.00%
• 6M: -53.74%
• YTD: -39.99%
• 1Y: -16.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -34.14%

BRKL

• 1D: 0.85%
• 1M: —
• 6M: —
• YTD: —
• 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)
BRKL Corgi BRKB 2x Daily ETF	$853.16	$14.75K	$14.75K
KBAB KraneShares 2x Long BABA Daily ETF	$69.43K	$174.57K	$194.23K

KBAB vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
KBAB KraneShares 2x Long BABA Daily ETF	51.83%
BRKL Corgi BRKB 2x Daily ETF	1.48%

Correlation

The correlation between KBAB and BRKL is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	-0.15

Return for Risk

KBAB vs. BRKL — Risk / Return Rank

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

KBAB

KBAB Risk / Return Rank: 9
KBAB Sharpe Ratio Rank: 7
KBAB Sortino Ratio Rank: 13
KBAB Omega Ratio Rank: 12
KBAB Calmar Ratio Rank: 7
KBAB Martin Ratio Rank: 8

BRKL

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.

KBAB vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long BABA Daily ETF (KBAB) and Corgi BRKB 2x Daily ETF (BRKL). 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.

	KBAB	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	—	—
Sortino ratio: Return per unit of downside risk	0.27	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	-0.28	—	—
Martin ratio: Return relative to average drawdown	-0.47	—	—

Drawdowns

KBAB vs. BRKL - Drawdown Comparison

The maximum KBAB drawdown since its inception was -78.98%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for KBAB and BRKL.

Drawdown Indicators

	KBAB	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-78.98%	-7.03%	-71.95%
Max Drawdown (1Y) Largest decline over 1 year	-78.98%	—	—
Current Drawdown Current decline from peak	-66.20%	-0.13%	-66.07%
Average Drawdown Average peak-to-trough decline	-41.21%	-4.14%	-37.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.15%	—	—

Volatility

Volatility by Period

	KBAB	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	90.35%	30.99%	+59.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.76%	30.99%	+59.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.76%	30.99%	+59.77%

KBAB vs. BRKL - Expense Ratio Comparison

KBAB has a 1.00% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

KBAB vs. BRKL - Dividend Comparison

KBAB's dividend yield for the trailing twelve months is around 99.78%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025
BRKL Corgi BRKB 2x Daily ETF	0.00%	0.00%
KBAB KraneShares 2x Long BABA Daily ETF	99.78%	59.88%

Frequently Asked Questions

Can I hold both KBAB and BRKL in my portfolio?

KBAB and BRKL have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KBAB or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KBAB or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 1.00% for KBAB.

Which ETF pays a higher dividend yield, KBAB or BRKL?

KBAB has the higher dividend yield at 99.78%, compared with 0.00% for BRKL.

What is the main difference between KBAB and BRKL?

They also come from different issuers: KraneShares and Corgi. Their fees differ too: 1.00% for KBAB and 0.45% for BRKL.