KBDU vs. BNDD
KBDU (KraneShares 2X Long BIDU Daily ETF) and BNDD (Quadratic Deflation ETF) are both exchange-traded funds - KBDU is a Leveraged Equities fund actively managed by KraneShares, while BNDD is a Government Bonds fund actively managed by KraneShares. Both are actively managed. At a 0.01 correlation, their price movements are largely independent. 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 -40.49% return, which is significantly lower than BNDD's 6.53% return.
KBDU
- 1D
- -2.84%
- 1M
- -27.80%
- YTD
- -40.49%
- 6M
- -34.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDD
- 1D
- -0.16%
- 1M
- 3.05%
- YTD
- 6.53%
- 6M
- 5.33%
- 1Y
- 4.37%
- 3Y*
- -4.21%
- 5Y*
- —
- 10Y*
- —
KBDU vs. BNDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBDU KraneShares 2X Long BIDU Daily ETF | -40.49% | 19.79% |
BNDD Quadratic Deflation ETF | 6.53% | -2.68% |
Correlation
The correlation between KBDU and BNDD is 0.01, 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 | 0.01 |
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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 | — | 0.72 | — |
| Martin ratioReturn relative to average drawdown | — | 1.55 | — |
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Drawdowns
KBDU vs. BNDD - Drawdown Comparison
The maximum KBDU drawdown since its inception was -60.20%, 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 | -60.20% | -30.87% | -29.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | -60.20% | -24.94% | -35.26% |
Average DrawdownAverage peak-to-trough decline | -30.99% | -19.39% | -11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.82% | — |
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 | — | 2.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 102.83% | 10.49% | +92.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.83% | 13.35% | +89.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.83% | 13.35% | +89.48% |
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 3.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BNDD Quadratic Deflation ETF | 3.53% | 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 0.01, 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 3.53%, compared with 0.00% for KBDU.
KBDU is categorized as Leveraged Equities, while BNDD is Government Bonds. Their fees differ too: 1.26% for KBDU and 1.02% for BNDD.
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