KBAB vs. TYD
KBAB (KraneShares 2x Long BABA Daily ETF) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - KBAB is a Leveraged Equities fund actively managed by KraneShares, while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. KBAB is actively managed, while TYD is passively managed. Over the past year, KBAB returned -16.96% vs -8.85% for TYD. Their -0.04 correlation means they have often moved in opposite directions in the past. KBAB charges 1.00%/yr vs 1.09%/yr for TYD.
Performance
KBAB vs. TYD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KBAB achieves a -39.99% return, which is significantly lower than TYD's -10.03% return.
KBAB
- 1D
- 10.58%
- 1M
- 57.00%
- 6M
- -53.74%
- YTD
- -39.99%
- 1Y
- -16.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -34.14%
TYD
- 1D
- -1.01%
- 1M
- -4.64%
- 6M
- -8.59%
- YTD
- -10.03%
- 1Y
- -8.85%
- 3Y*
- -3.83%
- 5Y*
- -14.92%
- 10Y*
- -5.77%
- ALL TIME*
- 0.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $69.43K | $174.57K | $194.23K | |
| $420.72K | $411.37K | $510.43K |
KBAB vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBAB KraneShares 2x Long BABA Daily ETF | -39.99% | -6.56% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -10.03% | 4.25% |
Correlation
The correlation between KBAB and TYD is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | -0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KBAB vs. TYD — Risk / Return Rank
KBAB
TYD
KBAB vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long BABA Daily ETF (KBAB) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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 | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.94 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.39 | +0.12 |
| Martin ratioReturn relative to average drawdown | -0.47 | -0.84 | +0.37 |
Loading charts...
Drawdowns
KBAB vs. TYD - Drawdown Comparison
The maximum KBAB drawdown since its inception was -78.98%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for KBAB and TYD.
Loading charts...
Drawdown Indicators
| KBAB | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.98% | -64.28% | -14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -78.98% | -14.41% | -64.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.32% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.28% | — |
Current DrawdownCurrent decline from peak | -66.20% | -60.90% | -5.30% |
Average DrawdownAverage peak-to-trough decline | -41.21% | -22.29% | -18.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.15% | 6.69% | +39.46% |
Volatility
KBAB vs. TYD - Volatility Comparison
KraneShares 2x Long BABA Daily ETF (KBAB) has a higher volatility of 27.65% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.45%. This indicates that KBAB's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KBAB | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.65% | 3.45% | +24.20% |
Volatility (6M)Calculated over the trailing 6-month period | 57.86% | 10.38% | +47.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.35% | 13.68% | +76.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.76% | 22.92% | +67.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.76% | 20.18% | +70.58% |
KBAB vs. TYD - Expense Ratio Comparison
KBAB has a 1.00% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
KBAB vs. TYD - Dividend Comparison
KBAB's dividend yield for the trailing twelve months is around 99.78%, more than TYD's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBAB KraneShares 2x Long BABA Daily ETF | 99.78% | 59.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.43% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Frequently Asked Questions
KBAB and TYD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBAB has higher volatility (27.65%) compared to TYD (3.45%). In terms of maximum drawdown, KBAB dropped -78.98% vs TYD's -64.28%.
On 1-year performance, TYD leads with -8.85% vs -16.96% for KBAB. On fees, KBAB is cheaper at 1.00% per year. On volatility, TYD has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TYD has performed better with a -8.85% return vs -16.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBAB is cheaper with a 1.00% expense ratio, compared with 1.09% for TYD.
KBAB has the higher dividend yield at 99.78%, compared with 3.43% for TYD.
KBAB is categorized as Leveraged Equities, while TYD is Leveraged Bonds. They also come from different issuers: KraneShares and Direxion. Their fees differ too: 1.00% for KBAB and 1.09% for TYD.
KBAB currently has the higher Sharpe Ratio (-0.24 vs -0.41), 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.
Find the right allocation for KBAB and TYD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer