KBND vs. QYLD

Last updated Aug 1, 2026

KBND (KraneShares Bloomberg China Bond Inclusion Index ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - KBND is a International Government Bonds fund tracking the KBND-US - Bloomberg China Inclusion Focused Bond Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Their 0.10 correlation means their historical movements had little consistent relationship. KBND charges 0.50%/yr vs 0.60%/yr for QYLD.

Performance

KBND vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Bloomberg China Bond Inclusion Index ETF (KBND) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KBND

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QYLD

• 1D: 0.65%
• 1M: -0.98%
• 6M: 5.88%
• YTD: 7.67%
• 1Y: 20.66%
• 3Y*: 12.32%
• 5Y*: 7.83%
• 10Y*: 9.59%
• ALL TIME*: 8.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QYLD Global X NASDAQ 100 Covered Call ETF	$83.30M	$78.68M	$98.28M

KBND vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KBND KraneShares Bloomberg China Bond Inclusion Index ETF	0.00%	0.00%	0.89%	3.13%	-6.81%	4.41%	9.38%	1.25%	-0.09%	9.89%
QYLD Global X NASDAQ 100 Covered Call ETF	7.67%	9.28%	19.35%	22.77%	-19.08%	10.41%	8.72%	22.69%	-3.07%	18.79%

Correlation

The correlation between KBND and QYLD is 0.10, 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.	0.04
Correlation (5Y) Shows whether the relationship held over a longer period.	0.06
Correlation (10Y) Provides a long-term view across more market conditions.	0.10
Correlation (All Time) Calculated using the full available price history since Dec 3, 2014	0.10

Return for Risk

KBND vs. QYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KBND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QYLD

QYLD Risk / Return Rank: 83
QYLD Sharpe Ratio Rank: 77
QYLD Sortino Ratio Rank: 77
QYLD Omega Ratio Rank: 83
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KBND vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Bloomberg China Bond Inclusion Index ETF (KBND) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.73	—
Sortino ratio: Return per unit of downside risk	—	2.48	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.38	—
Martin ratio: Return relative to average drawdown	—	15.70	—

Drawdowns

Drawdown Indicators

	KBND	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	—	-24.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.75%	—
Current Drawdown Current decline from peak	—	-2.96%	—
Average Drawdown Average peak-to-trough decline	—	-3.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.24%	—

Volatility

Volatility by Period

	KBND	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.26%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.63%	—

KBND vs. QYLD - Expense Ratio Comparison

KBND has a 0.50% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

KBND vs. QYLD - Dividend Comparison

KBND has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QYLD Global X NASDAQ 100 Covered Call ETF	11.89%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%

Frequently Asked Questions

Can I hold both KBND and QYLD in my portfolio?

KBND and QYLD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KBND or QYLD?

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.

Which ETF is cheaper, KBND or QYLD?

KBND is cheaper with a 0.50% expense ratio, compared with 0.60% for QYLD.

Which ETF pays a higher dividend yield, KBND or QYLD?

QYLD has the higher dividend yield at 11.89%, compared with 0.00% for KBND.

What is the main difference between KBND and QYLD?

KBND is categorized as International Government Bonds, while QYLD is Nasdaq-100. KBND tracks KBND-US - Bloomberg China Inclusion Focused Bond Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: CICC and Global X. Their fees differ too: 0.50% for KBND and 0.60% for QYLD.