KBAB vs. TSYX

Last updated Apr 1, 2026

Compare and contrast key facts about KraneShares 2x Long BABA Daily ETF (KBAB) and TSPY Lift ETF (TSYX).

KBAB and TSYX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBAB is an actively managed fund by KraneShares. It was launched on Mar 7, 2025. TSYX is an actively managed fund by TappAlpha. It was launched on Jan 6, 2026.

Performance

KBAB vs. TSYX - Performance Comparison

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

KBAB vs. TSYX - Yearly Performance Comparison

	2026 (YTD)
KBAB KraneShares 2x Long BABA Daily ETF	-31.59%
TSYX TSPY Lift ETF	-8.44%

Returns By Period

KBAB

• 1D: 5.59%
• 1M: -26.07%
• YTD: -31.94%
• 6M: -57.04%
• 1Y: -31.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSYX

• 1D: 4.07%
• 1M: -7.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBAB vs. TSYX - Expense Ratio Comparison

KBAB has a 1.00% expense ratio, which is higher than TSYX's 0.98% expense ratio.

KBAB

KraneShares 2x Long BABA Daily ETF

TSYX

TSPY Lift ETF

Return for Risk

KBAB vs. TSYX — Risk / Return Rank

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

KBAB

KBAB Risk / Return Rank: 7
KBAB Sharpe Ratio Rank: 6
KBAB Sortino Ratio Rank: 10
KBAB Omega Ratio Rank: 10
KBAB Calmar Ratio Rank: 4
KBAB Martin Ratio Rank: 4

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. TSYX - Risk-Adjusted Trends Comparison

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

	KBAB	TSYX	Difference
Sharpe ratio Return per unit of total volatility	-0.35	—	—
Sortino ratio Return per unit of downside risk	0.07	—	—
Omega ratio Gain probability vs. loss probability	1.01	—	—
Calmar ratio Return relative to maximum drawdown	-0.50	—	—
Martin ratio Return relative to average drawdown	-1.01	—	—
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

	KBAB	TSYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.39	-1.61	+1.22

Correlation

The correlation between KBAB and TSYX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

KBAB vs. TSYX - Dividend Comparison

KBAB's dividend yield for the trailing twelve months is around 87.98%, more than TSYX's 3.46% yield.

	TTM	2025
KBAB KraneShares 2x Long BABA Daily ETF	87.98%	59.88%
TSYX TSPY Lift ETF	3.46%	0.00%

Drawdowns

KBAB vs. TSYX - Drawdown Comparison

The maximum KBAB drawdown since its inception was -63.69%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for KBAB and TSYX.

Drawdown Indicators

	KBAB	TSYX	Difference
Max Drawdown Largest peak-to-trough decline	-63.69%	-13.39%	-50.30%
Max Drawdown (1Y) Largest decline over 1 year	-63.69%	—	—
Current Drawdown Current decline from peak	-61.66%	-9.86%	-51.80%
Average Drawdown Average peak-to-trough decline	-33.88%	-3.75%	-30.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.72%	—	—

Volatility

Volatility by Period

	KBAB	TSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	59.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	92.59%	20.22%	+72.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.97%	20.22%	+71.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.97%	20.22%	+71.75%