KBND vs. QYLD
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. At a 0.10 correlation, their price movements are largely independent. KBND charges 0.50%/yr vs 0.60%/yr for QYLD.
Performance
KBND vs. QYLD - Performance Comparison
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Returns By Period
KBND
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD
- 1D
- -0.13%
- 1M
- 3.44%
- YTD
- 10.06%
- 6M
- 10.12%
- 1Y
- 25.81%
- 3Y*
- 14.74%
- 5Y*
- 8.73%
- 10Y*
- 10.21%
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 | 10.06% | 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 is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2014 | 0.10 |
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Return for Risk
KBND vs. QYLD — Risk / Return Rank
KBND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QYLD
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.61 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.22 | — |
| Martin ratioReturn relative to average drawdown | — | 29.38 | — |
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Drawdowns
KBND vs. QYLD - Drawdown Comparison
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Drawdown Indicators
| KBND | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -24.75% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.97% | — |
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 DrawdownCurrent decline from peak | — | -0.13% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.82% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.88% | — |
Volatility
KBND vs. QYLD - Volatility Comparison
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Volatility by Period
| KBND | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 9.50% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 14.81% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 15.55% | — |
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 12.36%.
| 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 | 11.45% | 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
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.
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 0.60% for QYLD.
QYLD has the higher dividend yield at 12.36%, compared with 0.00% for KBND.
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.
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