KBDU vs. KWEB

Last updated Jun 5, 2026

KBDU (KraneShares 2X Long BIDU Daily ETF) and KWEB (KraneShares CSI China Internet ETF) are both exchange-traded funds - KBDU is a Leveraged Equities fund actively managed by KraneShares, while KWEB is a China Equities fund tracking the CSI Overseas China Internet Index. KBDU is actively managed, while KWEB is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. KBDU charges 1.26%/yr vs 0.70%/yr for KWEB.

Performance

KBDU vs. KWEB - Performance Comparison

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

Returns By Period

In the year-to-date period, KBDU achieves a -8.99% return, which is significantly higher than KWEB's -20.32% return.

KBDU

• 1D: 3.04%
• 1M: 9.45%
• YTD: -8.99%
• 6M: 7.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KWEB

• 1D: -0.33%
• 1M: -4.91%
• YTD: -20.32%
• 6M: -22.46%
• 1Y: -15.17%
• 3Y*: 4.22%
• 5Y*: -14.33%
• 10Y*: -0.18%

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

KBDU vs. KWEB - Yearly Performance Comparison

	2026 (YTD)	2025
KBDU KraneShares 2X Long BIDU Daily ETF	-8.99%	34.59%
KWEB KraneShares CSI China Internet ETF	-20.32%	-0.29%

Correlation

The correlation between KBDU and KWEB is 0.68, 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 21, 2025	0.68

Return for Risk

KBDU vs. KWEB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KWEB

KWEB Risk / Return Rank: 5
KWEB Sharpe Ratio Rank: 4
KWEB Sortino Ratio Rank: 4
KWEB Omega Ratio Rank: 4
KWEB Calmar Ratio Rank: 5
KWEB Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KBDU vs. KWEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long BIDU Daily ETF (KBDU) and KraneShares CSI China Internet ETF (KWEB). 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.

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

Sharpe Ratios by Period

	KBDU	KWEB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.56	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.06	+0.40

Drawdowns

KBDU vs. KWEB - Drawdown Comparison

The maximum KBDU drawdown since its inception was -59.14%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for KBDU and KWEB.

Drawdown Indicators

	KBDU	KWEB	Difference
Max Drawdown Largest peak-to-trough decline	-59.14%	-80.92%	+21.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.13%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-72.17%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.92%	—
Current Drawdown Current decline from peak	-39.13%	-68.62%	+29.49%
Average Drawdown Average peak-to-trough decline	-28.80%	-35.25%	+6.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.97%	—

Volatility

Volatility by Period

	KBDU	KWEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	101.84%	27.25%	+74.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.84%	47.67%	+54.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.84%	39.98%	+61.86%

KBDU vs. KWEB - Expense Ratio Comparison

KBDU has a 1.26% expense ratio, which is higher than KWEB's 0.70% expense ratio.

Dividends

KBDU vs. KWEB - Dividend Comparison

KBDU has not paid dividends to shareholders, while KWEB's dividend yield for the trailing twelve months is around 7.73%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBDU KraneShares 2X Long BIDU Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KWEB KraneShares CSI China Internet ETF	7.73%	6.16%	3.51%	1.71%	0.00%	7.07%	0.29%	0.08%	3.40%	0.58%	1.19%	0.46%

Frequently Asked Questions

Can I hold both KBDU and KWEB in my portfolio?

KBDU and KWEB have a correlation of 0.68, 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 KWEB?

On fees, KWEB is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KBDU or KWEB?

KWEB is cheaper with a 0.70% expense ratio, compared with 1.26% for KBDU.

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

KWEB has the higher dividend yield at 7.73%, compared with 0.00% for KBDU.

What is the main difference between KBDU and KWEB?

KBDU is categorized as Leveraged Equities, while KWEB is China Equities. Their fees differ too: 1.26% for KBDU and 0.70% for KWEB.