KBDU vs. NBIG

Last updated Jun 4, 2026

KBDU (KraneShares 2X Long BIDU Daily ETF) and NBIG (Leverage Shares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. KBDU charges 1.26%/yr vs 0.75%/yr for NBIG.

Performance

KBDU vs. NBIG - Performance Comparison

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

Returns By Period

In the year-to-date period, KBDU achieves a -11.68% return, which is significantly lower than NBIG's 453.13% return.

KBDU

• 1D: -5.85%
• 1M: 3.94%
• YTD: -11.68%
• 6M: 6.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBIG

• 1D: -6.73%
• 1M: 83.04%
• YTD: 453.13%
• 6M: 273.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBDU vs. NBIG - Yearly Performance Comparison

	2026 (YTD)	2025
KBDU KraneShares 2X Long BIDU Daily ETF	-11.68%	34.59%
NBIG Leverage Shares 2X Long NBIS Daily ETF	453.13%	-10.19%

Correlation

The correlation between KBDU and NBIG is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.26

Return for Risk

KBDU vs. NBIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long BIDU Daily ETF (KBDU) and Leverage Shares 2X Long NBIS Daily ETF (NBIG). 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	NBIG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.21	-0.83

Drawdowns

KBDU vs. NBIG - Drawdown Comparison

The maximum KBDU drawdown since its inception was -59.14%, smaller than the maximum NBIG drawdown of -75.83%. Use the drawdown chart below to compare losses from any high point for KBDU and NBIG.

Drawdown Indicators

	KBDU	NBIG	Difference
Max Drawdown Largest peak-to-trough decline	-59.14%	-75.83%	+16.69%
Current Drawdown Current decline from peak	-40.93%	-9.57%	-31.36%
Average Drawdown Average peak-to-trough decline	-28.72%	-43.08%	+14.36%

Volatility

Volatility by Period

	KBDU	NBIG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	102.15%	201.21%	-99.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.15%	201.21%	-99.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.15%	201.21%	-99.06%

KBDU vs. NBIG - Expense Ratio Comparison

KBDU has a 1.26% expense ratio, which is higher than NBIG's 0.75% expense ratio.

Dividends

KBDU vs. NBIG - Dividend Comparison

Neither KBDU nor NBIG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KBDU and NBIG in my portfolio?

KBDU and NBIG 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 NBIG?

On fees, NBIG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KBDU or NBIG?

NBIG is cheaper with a 0.75% expense ratio, compared with 1.26% for KBDU.

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

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

What is the main difference between KBDU and NBIG?

They also come from different issuers: KraneShares and Leverage Shares. Their fees differ too: 1.26% for KBDU and 0.75% for NBIG.