KBDU vs. BNDD
KBDU (KraneShares 2X Long BIDU Daily ETF) and BNDD (Quadratic Deflation ETF) are both exchange-traded funds - KBDU is a China Equities fund actively managed by KraneShares, while BNDD is a Government Bonds fund actively managed by KraneShares. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. KBDU charges 1.26%/yr vs 1.02%/yr for BNDD.
Performance
KBDU vs. BNDD - Performance Comparison
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Returns By Period
In the year-to-date period, KBDU achieves a -38.34% return, which is significantly lower than BNDD's 4.72% return.
KBDU
- 1D
- -7.12%
- 1M
- -6.75%
- 6M
- -53.54%
- YTD
- -38.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDD
- 1D
- -0.13%
- 1M
- -1.40%
- 6M
- 3.55%
- YTD
- 4.72%
- 1Y
- 4.30%
- 3Y*
- -4.54%
- 5Y*
- —
- 10Y*
- —
KBDU vs. BNDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBDU KraneShares 2X Long BIDU Daily ETF | -38.34% | 19.79% |
BNDD Quadratic Deflation ETF | 4.72% | -2.68% |
Correlation
The correlation between KBDU and BNDD is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | -0.02 |
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Return for Risk
KBDU vs. BNDD — Risk / Return Rank
KBDU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNDD
KBDU vs. BNDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long BIDU Daily ETF (KBDU) and Quadratic Deflation ETF (BNDD). 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.
| KBDU | BNDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.08 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.71 | — |
| Martin ratioReturn relative to average drawdown | — | 1.61 | — |
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Drawdowns
KBDU vs. BNDD - Drawdown Comparison
The maximum KBDU drawdown since its inception was -64.77%, which is greater than BNDD's maximum drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for KBDU and BNDD.
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Drawdown Indicators
| KBDU | BNDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.77% | -30.87% | -33.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.45% | — |
Current DrawdownCurrent decline from peak | -58.76% | -26.22% | -32.54% |
Average DrawdownAverage peak-to-trough decline | -33.26% | -19.45% | -13.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.68% | — |
Volatility
KBDU vs. BNDD - Volatility Comparison
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Volatility by Period
| KBDU | BNDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 103.20% | 10.29% | +92.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.20% | 13.29% | +89.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.20% | 13.29% | +89.91% |
KBDU vs. BNDD - Expense Ratio Comparison
KBDU has a 1.26% expense ratio, which is higher than BNDD's 1.02% expense ratio.
Dividends
KBDU vs. BNDD - Dividend Comparison
KBDU has not paid dividends to shareholders, while BNDD's dividend yield for the trailing twelve months is around 3.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BNDD Quadratic Deflation ETF | 3.61% | 3.82% | 3.85% | 4.30% | 43.17% | 1.04% |
KBDU KraneShares 2X Long BIDU Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KBDU and BNDD 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.
On fees, BNDD is cheaper at 1.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDD is cheaper with a 1.02% expense ratio, compared with 1.26% for KBDU.
BNDD has the higher dividend yield at 3.61%, compared with 0.00% for KBDU.
KBDU is categorized as China Equities, while BNDD is Government Bonds. Their fees differ too: 1.26% for KBDU and 1.02% for BNDD.
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