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. Their 0.61 correlation means they have sometimes moved together and sometimes differently. 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 -41.60% return, which is significantly lower than KPRO's -4.06% return.
KBDU
- 1D
- 6.63%
- 1M
- -5.47%
- 6M
- -55.75%
- YTD
- -41.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
KPRO
- 1D
- -0.03%
- 1M
- 1.80%
- 6M
- -5.11%
- YTD
- -4.06%
- 1Y
- -3.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.21K | $27.53K | $32.68K | |
| $43.77K | $23.76K | $121.31K |
KBDU vs. KPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBDU KraneShares 2X Long BIDU Daily ETF | -41.60% | 19.79% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | -4.06% | -4.87% |
Correlation
The correlation between KBDU and KPRO is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| 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 | — | 0.94 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.24 | — |
| Martin ratioReturn relative to average drawdown | — | -0.41 | — |
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Drawdowns
KBDU vs. KPRO - Drawdown Comparison
The maximum KBDU drawdown since its inception was -64.95%, 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 | -64.95% | -13.34% | -51.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.34% | — |
Current DrawdownCurrent decline from peak | -60.94% | -10.93% | -50.01% |
Average DrawdownAverage peak-to-trough decline | -35.64% | -3.02% | -32.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.70% | — |
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 | — | 1.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 100.82% | 8.86% | +91.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.82% | 7.67% | +93.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.82% | 7.67% | +93.15% |
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 2.76%.
| 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 | 2.76% | 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 2.76%, 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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