KBDU vs. KWEB
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
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Returns By Period
In the year-to-date period, KBDU achieves a -47.32% return, which is significantly lower than KWEB's -30.60% return.
KBDU
- 1D
- -7.18%
- 1M
- -35.16%
- YTD
- -47.32%
- 6M
- -41.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KWEB
- 1D
- -2.76%
- 1M
- -13.32%
- YTD
- -30.60%
- 6M
- -31.53%
- 1Y
- -27.19%
- 3Y*
- -0.64%
- 5Y*
- -16.73%
- 10Y*
- -0.63%
KBDU vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBDU KraneShares 2X Long BIDU Daily ETF | -47.32% | 19.79% |
KWEB KraneShares CSI China Internet ETF | -30.60% | -3.15% |
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 20, 2025 | 0.68 |
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Return for Risk
KBDU vs. KWEB — Risk / Return Rank
KBDU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KWEB
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.
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 | KWEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.84 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.66 | — |
| Martin ratioReturn relative to average drawdown | — | -1.43 | — |
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Drawdowns
KBDU vs. KWEB - Drawdown Comparison
The maximum KBDU drawdown since its inception was -64.77%, 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.
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Drawdown Indicators
| KBDU | KWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.77% | -80.92% | +16.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -41.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -72.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.92% | — |
Current DrawdownCurrent decline from peak | -64.77% | -72.67% | +7.90% |
Average DrawdownAverage peak-to-trough decline | -31.42% | -35.39% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.04% | — |
Volatility
KBDU vs. KWEB - Volatility Comparison
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Volatility by Period
| KBDU | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 102.73% | 27.10% | +75.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.73% | 47.70% | +55.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.73% | 40.00% | +62.73% |
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 8.87%.
| 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 | 8.87% | 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
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.
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.
KWEB is cheaper with a 0.70% expense ratio, compared with 1.26% for KBDU.
KWEB has the higher dividend yield at 8.87%, compared with 0.00% for KBDU.
KBDU is categorized as Leveraged Equities, while KWEB is China Equities. Their fees differ too: 1.26% for KBDU and 0.70% for KWEB.
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