KBDU vs. INTW

Last updated Aug 2, 2026

KBDU (KraneShares 2X Long BIDU Daily ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both exchange-traded funds - KBDU is a China Equities fund actively managed by KraneShares, while INTW is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Their 0.26 correlation means their historical movements had little consistent relationship. KBDU charges 1.26%/yr vs 1.50%/yr for INTW.

Performance

KBDU vs. INTW - Performance Comparison

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

Returns By Period

In the year-to-date period, KBDU achieves a -41.60% return, which is significantly lower than INTW's 259.86% return.

KBDU

• 1D: 6.63%
• 1M: -5.47%
• 6M: -55.75%
• YTD: -41.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

INTW

• 1D: -2.27%
• 1M: -47.68%
• 6M: 152.57%
• YTD: 259.86%
• 1Y: 991.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 233.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
INTW GraniteShares 2x Long INTC Daily ETF	$147.32M	$136.96M	$217.62M
KBDU KraneShares 2X Long BIDU Daily ETF	$10.21K	$27.53K	$32.68K

KBDU vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
KBDU KraneShares 2X Long BIDU Daily ETF	-41.60%	19.79%
INTW GraniteShares 2x Long INTC Daily ETF	259.86%	5.73%

Correlation

The correlation between KBDU and INTW is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.26

Return for Risk

KBDU vs. INTW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KBDU

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

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 93
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KBDU vs. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long BIDU Daily ETF (KBDU) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	—	5.98	—
Sortino ratio: Return per unit of downside risk	—	4.00	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	13.60	—
Martin ratio: Return relative to average drawdown	—	36.74	—

Drawdowns

KBDU vs. INTW - Drawdown Comparison

The maximum KBDU drawdown since its inception was -64.95%, smaller than the maximum INTW drawdown of -69.16%. Use the drawdown chart below to compare losses from any high point for KBDU and INTW.

Drawdown Indicators

	KBDU	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-64.95%	-69.16%	+4.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-69.16%	—
Current Drawdown Current decline from peak	-60.94%	-62.96%	+2.02%
Average Drawdown Average peak-to-trough decline	-35.64%	-30.60%	-5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.56%	—

Volatility

Volatility by Period

	KBDU	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	48.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	117.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	100.82%	157.38%	-56.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.82%	150.65%	-49.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.82%	150.65%	-49.83%

KBDU vs. INTW - Expense Ratio Comparison

KBDU has a 1.26% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

KBDU vs. INTW - Dividend Comparison

Neither KBDU nor INTW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KBDU and INTW in my portfolio?

KBDU and INTW have a correlation of 0.26, 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 INTW?

On fees, KBDU is cheaper at 1.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KBDU or INTW?

KBDU is cheaper with a 1.26% expense ratio, compared with 1.50% for INTW.

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

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

What is the main difference between KBDU and INTW?

KBDU is categorized as China Equities, while INTW is Leveraged Equities. They also come from different issuers: KraneShares and GraniteShares. Their fees differ too: 1.26% for KBDU and 1.50% for INTW.