KBDU vs. KPRO
KBDU (KraneShares 2X Long BIDU Daily ETF) and KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) are both exchange-traded funds - KBDU is a China Equities fund actively managed by KraneShares, while KPRO is a Options Trading fund actively managed by KraneShares. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. KBDU charges 1.26%/yr vs 0.95%/yr for KPRO.
Performance
KBDU vs. KPRO - Performance Comparison
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Returns By Period
In the year-to-date period, KBDU achieves a -33.62% return, which is significantly lower than KPRO's -5.10% return.
KBDU
- 1D
- -0.01%
- 1M
- 0.39%
- 6M
- -43.90%
- YTD
- -33.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KPRO
- 1D
- -0.04%
- 1M
- -0.00%
- 6M
- -5.98%
- YTD
- -5.10%
- 1Y
- -3.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KBDU vs. KPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBDU KraneShares 2X Long BIDU Daily ETF | -33.62% | 19.79% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | -5.10% | -4.87% |
Correlation
The correlation between KBDU and KPRO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.61 |
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Return for Risk
KBDU vs. KPRO — Risk / Return Rank
KBDU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KPRO
KBDU vs. KPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long BIDU Daily ETF (KBDU) and KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO). 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 | KPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.92 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.28 | — |
| Martin ratioReturn relative to average drawdown | — | -0.52 | — |
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Drawdowns
KBDU vs. KPRO - Drawdown Comparison
The maximum KBDU drawdown since its inception was -64.77%, which is greater than KPRO's maximum drawdown of -13.34%. Use the drawdown chart below to compare losses from any high point for KBDU and KPRO.
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Drawdown Indicators
| KBDU | KPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.77% | -13.34% | -51.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.34% | — |
Current DrawdownCurrent decline from peak | -55.60% | -11.90% | -43.70% |
Average DrawdownAverage peak-to-trough decline | -33.10% | -2.81% | -30.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.17% | — |
Volatility
KBDU vs. KPRO - Volatility Comparison
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Volatility by Period
| KBDU | KPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 103.14% | 8.84% | +94.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.14% | 7.72% | +95.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.14% | 7.72% | +95.42% |
KBDU vs. KPRO - Expense Ratio Comparison
KBDU has a 1.26% expense ratio, which is higher than KPRO's 0.95% expense ratio.
Dividends
KBDU vs. KPRO - Dividend Comparison
KBDU has not paid dividends to shareholders, while KPRO's dividend yield for the trailing twelve months is around 2.79%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KBDU KraneShares 2X Long BIDU Daily ETF | 0.00% | 0.00% | 0.00% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | 2.79% | 2.65% | 3.70% |
Frequently Asked Questions
KBDU and KPRO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KPRO is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KPRO is cheaper with a 0.95% expense ratio, compared with 1.26% for KBDU.
KPRO has the higher dividend yield at 2.79%, compared with 0.00% for KBDU.
KBDU is categorized as China Equities, while KPRO is Options Trading. Their fees differ too: 1.26% for KBDU and 0.95% for KPRO.
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