KBDU vs. QTAP
KBDU (KraneShares 2X Long BIDU Daily ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. At a 0.30 correlation, their price movements are largely independent. KBDU charges 1.26%/yr vs 0.79%/yr for QTAP.
Performance
KBDU vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, KBDU achieves a -11.68% return, which is significantly lower than QTAP's 14.67% return.
KBDU
- 1D
- -5.85%
- 1M
- 3.94%
- YTD
- -11.68%
- 6M
- 6.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- -0.10%
- 1M
- 2.89%
- YTD
- 14.67%
- 6M
- 15.56%
- 1Y
- 25.59%
- 3Y*
- 21.18%
- 5Y*
- 13.78%
- 10Y*
- —
KBDU vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBDU KraneShares 2X Long BIDU Daily ETF | -11.68% | 34.59% |
QTAP Innovator Growth Accelerated Plus ETF - April | 14.67% | 3.03% |
Correlation
The correlation between KBDU and QTAP is 0.30, 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 | 0.30 |
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Return for Risk
KBDU vs. QTAP — Risk / Return Rank
KBDU
QTAP
KBDU vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long BIDU Daily ETF (KBDU) and Innovator Growth Accelerated Plus ETF - April (QTAP). 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.
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Sharpe Ratios by Period
| KBDU | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.62 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.75 | -0.37 |
Drawdowns
KBDU vs. QTAP - Drawdown Comparison
The maximum KBDU drawdown since its inception was -59.14%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for KBDU and QTAP.
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Drawdown Indicators
| KBDU | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.14% | -29.44% | -29.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.69% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.44% | — |
Current DrawdownCurrent decline from peak | -40.93% | -0.10% | -40.83% |
Average DrawdownAverage peak-to-trough decline | -28.72% | -5.04% | -23.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
KBDU vs. QTAP - Volatility Comparison
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Volatility by Period
| KBDU | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 102.15% | 5.56% | +96.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.15% | 18.89% | +83.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.15% | 18.77% | +83.38% |
KBDU vs. QTAP - Expense Ratio Comparison
KBDU has a 1.26% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
KBDU vs. QTAP - Dividend Comparison
Neither KBDU nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
KBDU and QTAP have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QTAP is cheaper with a 0.79% expense ratio, compared with 1.26% for KBDU.
KBDU and QTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: KraneShares and Innovator. Their fees differ too: 1.26% for KBDU and 0.79% for QTAP.
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