KBND vs. IVOL
KBND (KraneShares Bloomberg China Bond Inclusion Index ETF) and IVOL (Quadratic Interest Rate Volatility & Inflation Hedge ETF) are both exchange-traded funds - KBND is a International Government Bonds fund tracking the KBND-US - Bloomberg China Inclusion Focused Bond Index, while IVOL is a Inflation-Protected Bonds fund actively managed by CICC. KBND is passively managed, while IVOL is actively managed. Their 0.07 correlation means their historical movements had little consistent relationship. KBND charges 0.50%/yr vs 0.99%/yr for IVOL.
Performance
KBND vs. IVOL - Performance Comparison
Loading charts...
Returns By Period
KBND
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IVOL
- 1D
- 0.17%
- 1M
- 0.36%
- 6M
- -6.64%
- YTD
- -7.33%
- 1Y
- -7.62%
- 3Y*
- -1.90%
- 5Y*
- -5.87%
- 10Y*
- —
- ALL TIME*
- -1.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.46M | $1.22M | $2.07M |
KBND vs. IVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
KBND KraneShares Bloomberg China Bond Inclusion Index ETF | 0.00% | 0.00% | 0.89% | 3.13% | -6.81% | 4.41% | 9.38% | 1.00% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -7.33% | 11.97% | -11.07% | -5.18% | -12.69% | -0.31% | 14.56% | 3.35% |
Correlation
The correlation between KBND and IVOL is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KBND vs. IVOL — Risk / Return Rank
KBND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVOL
KBND vs. IVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Bloomberg China Bond Inclusion Index ETF (KBND) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). 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.
| KBND | IVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.86 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.51 | — |
| Martin ratioReturn relative to average drawdown | — | -0.99 | — |
Loading charts...
Drawdowns
KBND vs. IVOL - Drawdown Comparison
Loading charts...
Drawdown Indicators
| KBND | IVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -31.16% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.07% | — |
Current DrawdownCurrent decline from peak | — | -27.12% | — |
Average DrawdownAverage peak-to-trough decline | — | -13.60% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.22% | — |
Volatility
KBND vs. IVOL - Volatility Comparison
Loading charts...
Volatility by Period
| KBND | IVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.95% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 6.74% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 12.85% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 11.91% | — |
KBND vs. IVOL - Expense Ratio Comparison
KBND has a 0.50% expense ratio, which is lower than IVOL's 0.99% expense ratio.
Dividends
KBND vs. IVOL - Dividend Comparison
KBND has not paid dividends to shareholders, while IVOL's dividend yield for the trailing twelve months is around 3.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.88% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% |
KBND KraneShares Bloomberg China Bond Inclusion Index ETF | 0.00% | 0.00% | 0.40% | 2.20% | 2.51% | 6.97% | 2.27% | 3.47% | 4.98% | 0.00% | 0.04% | 1.16% |
Frequently Asked Questions
KBND and IVOL have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KBND is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KBND is cheaper with a 0.50% expense ratio, compared with 0.99% for IVOL.
IVOL has the higher dividend yield at 3.88%, compared with 0.00% for KBND.
KBND is categorized as International Government Bonds, while IVOL is Inflation-Protected Bonds. Their fees differ too: 0.50% for KBND and 0.99% for IVOL.
Find the right allocation for KBND and IVOL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer