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. Their -0.04 correlation means they have often moved in opposite directions in the past. KBDU charges 1.26%/yr vs 1.02%/yr for BNDD.
Performance
KBDU vs. BNDD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KBDU achieves a -41.60% return, which is significantly lower than BNDD's 2.15% return.
KBDU
- 1D
- 6.63%
- 1M
- -5.47%
- 6M
- -55.75%
- YTD
- -41.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BNDD
- 1D
- -0.34%
- 1M
- -4.15%
- 6M
- 1.87%
- YTD
- 2.15%
- 1Y
- 1.21%
- 3Y*
- -4.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.09M | $5.48M | $3.08M | |
| $10.21K | $27.53K | $32.68K |
KBDU vs. BNDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBDU KraneShares 2X Long BIDU Daily ETF | -41.60% | 19.79% |
BNDD Quadratic Deflation ETF | 2.15% | -2.68% |
Correlation
The correlation between KBDU and BNDD is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 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
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 | — | 1.01 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.04 | — |
| Martin ratioReturn relative to average drawdown | — | 0.09 | — |
Loading charts...
Drawdowns
KBDU vs. BNDD - Drawdown Comparison
The maximum KBDU drawdown since its inception was -64.95%, 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.
Loading charts...
Drawdown Indicators
| KBDU | BNDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.95% | -30.87% | -34.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.70% | — |
Current DrawdownCurrent decline from peak | -60.94% | -28.03% | -32.91% |
Average DrawdownAverage peak-to-trough decline | -35.64% | -19.54% | -16.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.87% | — |
Volatility
KBDU vs. BNDD - Volatility Comparison
Loading charts...
Volatility by Period
| KBDU | BNDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 100.82% | 10.31% | +90.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.82% | 13.26% | +87.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.82% | 13.26% | +87.56% |
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 3.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BNDD Quadratic Deflation ETF | 3.70% | 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 -0.04, 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 3.70%, 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.
Find the right allocation for KBDU and BNDD
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