KBAB vs. STPZ

Last updated Jun 25, 2026

KBAB (KraneShares 2x Long BABA Daily ETF) and STPZ (PIMCO 1-5 Year US TIPS Index ETF) are both exchange-traded funds - KBAB is a Leveraged Equities fund actively managed by KraneShares, while STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y). KBAB is actively managed, while STPZ is passively managed. Over the past year, KBAB returned -44.34% vs 3.33% for STPZ. At a correlation of -0.12, they often move in opposite directions. KBAB charges 1.00%/yr vs 0.20%/yr for STPZ.

Performance

KBAB vs. STPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2x Long BABA Daily ETF (KBAB) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBAB achieves a -58.82% return, which is significantly lower than STPZ's 1.06% return.

KBAB

• 1D: -5.83%
• 1M: -41.18%
• YTD: -58.82%
• 6M: -60.84%
• 1Y: -44.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

STPZ

• 1D: 0.05%
• 1M: -0.31%
• YTD: 1.06%
• 6M: 1.19%
• 1Y: 3.33%
• 3Y*: 4.82%
• 5Y*: 2.82%
• 10Y*: 2.78%

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

KBAB vs. STPZ - Yearly Performance Comparison

	2026 (YTD)	2025
KBAB KraneShares 2x Long BABA Daily ETF	-58.82%	-6.56%
STPZ PIMCO 1-5 Year US TIPS Index ETF	1.06%	3.98%

Correlation

The correlation between KBAB and STPZ is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025	-0.12

Return for Risk

KBAB vs. STPZ — Risk / Return Rank

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

KBAB

KBAB Risk / Return Rank: 5
KBAB Sharpe Ratio Rank: 5
KBAB Sortino Ratio Rank: 6
KBAB Omega Ratio Rank: 6
KBAB Calmar Ratio Rank: 4
KBAB Martin Ratio Rank: 4

STPZ

STPZ Risk / Return Rank: 64
STPZ Sharpe Ratio Rank: 57
STPZ Sortino Ratio Rank: 60
STPZ Omega Ratio Rank: 60
STPZ Calmar Ratio Rank: 78
STPZ Martin Ratio Rank: 66

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.

KBAB vs. STPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long BABA Daily ETF (KBAB) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). 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	STPZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	1.72	-2.23
Sortino ratio: Return per unit of downside risk	-0.39	2.52	-2.91
Omega ratio: Gain probability vs. loss probability	0.96	1.33	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.58	3.59	-4.17
Martin ratio: Return relative to average drawdown	-1.11	10.86	-11.97

KBAB vs. STPZ - Sharpe Ratio Comparison

The current KBAB Sharpe Ratio is -0.51, which is lower than the STPZ Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of KBAB and STPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KBAB vs. STPZ - Drawdown Comparison

The maximum KBAB drawdown since its inception was -76.81%, which is greater than STPZ's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for KBAB and STPZ.

Drawdown Indicators

	KBAB	STPZ	Difference
Max Drawdown Largest peak-to-trough decline	-76.81%	-6.77%	-70.04%
Max Drawdown (1Y) Largest decline over 1 year	-76.81%	-0.93%	-75.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-6.77%	—
Current Drawdown Current decline from peak	-76.81%	-0.83%	-75.98%
Average Drawdown Average peak-to-trough decline	-38.70%	-1.30%	-37.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.97%	0.31%	+39.66%

Volatility

KBAB vs. STPZ - Volatility Comparison

KraneShares 2x Long BABA Daily ETF (KBAB) has a higher volatility of 16.29% compared to PIMCO 1-5 Year US TIPS Index ETF (STPZ) at 0.82%. This indicates that KBAB's price experiences larger fluctuations and is considered to be riskier than STPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBAB	STPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.29%	0.82%	+15.47%
Volatility (6M) Calculated over the trailing 6-month period	58.39%	1.39%	+57.00%
Volatility (1Y) Calculated over the trailing 1-year period	88.08%	1.95%	+86.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.95%	3.29%	+86.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.95%	2.99%	+86.96%

KBAB vs. STPZ - Expense Ratio Comparison

KBAB has a 1.00% expense ratio, which is higher than STPZ's 0.20% expense ratio.

Dividends

KBAB vs. STPZ - Dividend Comparison

KBAB's dividend yield for the trailing twelve months is around 145.42%, more than STPZ's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBAB KraneShares 2x Long BABA Daily ETF	145.42%	59.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
STPZ PIMCO 1-5 Year US TIPS Index ETF	4.13%	3.65%	1.97%	1.63%	5.88%	3.65%	1.86%	1.76%	2.23%	1.51%	0.65%	0.49%

Frequently Asked Questions

Can I hold both KBAB and STPZ in my portfolio?

KBAB and STPZ have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KBAB or STPZ?

KBAB has higher volatility (16.29%) compared to STPZ (0.82%). In terms of maximum drawdown, KBAB dropped -76.81% vs STPZ's -6.77%.

Which ETF is better, KBAB or STPZ?

On 1-year performance, STPZ leads with 3.33% vs -44.34% for KBAB. On fees, STPZ is cheaper at 0.20% per year. On volatility, STPZ has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KBAB or STPZ?

Over the 1-year period, STPZ has performed better with a 3.33% return vs -44.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KBAB or STPZ?

STPZ is cheaper with a 0.20% expense ratio, compared with 1.00% for KBAB.

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

KBAB has the higher dividend yield at 145.42%, compared with 4.13% for STPZ.

What is the main difference between KBAB and STPZ?

KBAB is categorized as Leveraged Equities, while STPZ is Inflation-Protected Bonds. They also come from different issuers: KraneShares and PIMCO. Their fees differ too: 1.00% for KBAB and 0.20% for STPZ.

Which has better risk-adjusted returns?

STPZ currently has the higher Sharpe Ratio (1.72 vs -0.51), 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.