KBDU vs. USGG

Last updated Jun 4, 2026

KBDU (KraneShares 2X Long BIDU Daily ETF) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds. KBDU is actively managed, while USGG is passively managed. At a 0.20 correlation, their price movements are largely independent. KBDU charges 1.26%/yr vs 0.75%/yr for USGG.

Performance

KBDU vs. USGG - 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 USAR Daily ETF (USGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KBDU

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

USGG

• 1D: -17.96%
• 1M: 7.54%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBDU vs. USGG - Yearly Performance Comparison

	2026 (YTD)
KBDU KraneShares 2X Long BIDU Daily ETF	-30.67%
USGG Leverage Shares 2X Long USAR Daily ETF	64.11%

Correlation

The correlation between KBDU and USGG is 0.20, 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 Jan 14, 2026	0.20

Return for Risk

KBDU vs. USGG - 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 USAR Daily ETF (USGG). 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	USGG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.17	-0.79

Drawdowns

KBDU vs. USGG - Drawdown Comparison

The maximum KBDU drawdown since its inception was -59.14%, smaller than the maximum USGG drawdown of -77.74%. Use the drawdown chart below to compare losses from any high point for KBDU and USGG.

Drawdown Indicators

	KBDU	USGG	Difference
Max Drawdown Largest peak-to-trough decline	-59.14%	-77.74%	+18.60%
Current Drawdown Current decline from peak	-40.93%	-32.40%	-8.53%
Average Drawdown Average peak-to-trough decline	-28.72%	-46.06%	+17.34%

Volatility

Volatility by Period

	KBDU	USGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	102.15%	225.33%	-123.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.15%	225.33%	-123.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.15%	225.33%	-123.18%

KBDU vs. USGG - Expense Ratio Comparison

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

Dividends

KBDU vs. USGG - Dividend Comparison

Neither KBDU nor USGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KBDU and USGG in my portfolio?

KBDU and USGG have a correlation of 0.20, 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 USGG?

On fees, USGG 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 USGG?

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

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

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

What is the main difference between KBDU and USGG?

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