KBDU vs. SOXL

Last updated Jun 3, 2026

KBDU (KraneShares 2X Long BIDU Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. KBDU is actively managed, while SOXL is passively managed. At a 0.39 correlation, their price movements are largely independent. KBDU charges 1.26%/yr vs 0.75%/yr for SOXL.

Performance

KBDU vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2X Long BIDU Daily ETF (KBDU) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBDU achieves a -6.19% return, which is significantly lower than SOXL's 567.48% return.

KBDU

• 1D: 6.90%
• 1M: 13.27%
• YTD: -6.19%
• 6M: 10.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

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

KBDU vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
KBDU KraneShares 2X Long BIDU Daily ETF	-6.19%	34.59%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	36.42%

Correlation

The correlation between KBDU and SOXL is 0.39, 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	0.39

Return for Risk

KBDU vs. SOXL — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long BIDU Daily ETF (KBDU) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	14.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.52	+0.04

Drawdowns

KBDU vs. SOXL - Drawdown Comparison

The maximum KBDU drawdown since its inception was -59.14%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for KBDU and SOXL.

Drawdown Indicators

	KBDU	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-59.14%	-90.46%	+31.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-37.26%	0.00%	-37.26%
Average Drawdown Average peak-to-trough decline	-28.63%	-35.01%	+6.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.65%	—

Volatility

Volatility by Period

	KBDU	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	40.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	81.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	102.18%	102.11%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.18%	107.25%	-5.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.18%	99.04%	+3.14%

KBDU vs. SOXL - Expense Ratio Comparison

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

Dividends

KBDU vs. SOXL - Dividend Comparison

KBDU has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both KBDU and SOXL in my portfolio?

KBDU and SOXL have a correlation of 0.39, 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 SOXL?

On fees, SOXL 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 SOXL?

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

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

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for KBDU.

What is the main difference between KBDU and SOXL?

They also come from different issuers: KraneShares and Direxion. Their fees differ too: 1.26% for KBDU and 0.75% for SOXL.