KBDU vs. BLSG

Last updated Jun 4, 2026

KBDU (KraneShares 2X Long BIDU Daily ETF) and BLSG (Leverage Shares 2X Long BLSH Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. KBDU charges 1.26%/yr vs 0.75%/yr for BLSG.

Performance

KBDU vs. BLSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2X Long BIDU Daily ETF (KBDU) and Leverage Shares 2X Long BLSH Daily ETF (BLSG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBDU achieves a -11.68% return, which is significantly higher than BLSG's -58.79% return.

KBDU

• 1D: -5.85%
• 1M: 3.94%
• YTD: -11.68%
• 6M: 6.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLSG

• 1D: -15.77%
• 1M: -55.27%
• YTD: -58.79%
• 6M: -73.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBDU vs. BLSG - Yearly Performance Comparison

	2026 (YTD)	2025
KBDU KraneShares 2X Long BIDU Daily ETF	-11.68%	34.59%
BLSG Leverage Shares 2X Long BLSH Daily ETF	-58.79%	2.16%

Correlation

The correlation between KBDU and BLSG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.32

Return for Risk

KBDU vs. BLSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long BIDU Daily ETF (KBDU) and Leverage Shares 2X Long BLSH Daily ETF (BLSG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KBDU	BLSG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	-0.66	+1.04

Drawdowns

KBDU vs. BLSG - Drawdown Comparison

The maximum KBDU drawdown since its inception was -59.14%, smaller than the maximum BLSG drawdown of -83.67%. Use the drawdown chart below to compare losses from any high point for KBDU and BLSG.

Drawdown Indicators

	KBDU	BLSG	Difference
Max Drawdown Largest peak-to-trough decline	-59.14%	-83.67%	+24.53%
Current Drawdown Current decline from peak	-40.93%	-83.52%	+42.59%
Average Drawdown Average peak-to-trough decline	-28.72%	-60.12%	+31.40%

Volatility

Volatility by Period

	KBDU	BLSG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	102.15%	145.44%	-43.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.15%	145.44%	-43.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.15%	145.44%	-43.29%

KBDU vs. BLSG - Expense Ratio Comparison

KBDU has a 1.26% expense ratio, which is higher than BLSG's 0.75% expense ratio.

Dividends

KBDU vs. BLSG - Dividend Comparison

Neither KBDU nor BLSG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KBDU and BLSG in my portfolio?

KBDU and BLSG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KBDU or BLSG?

On fees, BLSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KBDU or BLSG?

BLSG is cheaper with a 0.75% expense ratio, compared with 1.26% for KBDU.

Which ETF pays a higher dividend yield, KBDU or BLSG?

KBDU and BLSG have nearly identical dividend yields, around 0.00%.

What is the main difference between KBDU and BLSG?

They also come from different issuers: KraneShares and Leverage Shares. Their fees differ too: 1.26% for KBDU and 0.75% for BLSG.