KBUF vs. KBDU
KBUF (KraneShares 90% KWEB Defined Outcome January 2026 ETF) and KBDU (KraneShares 2X Long BIDU Daily ETF) are both exchange-traded funds - KBUF is a Options Trading fund actively managed by KraneShares, while KBDU is a China Equities fund actively managed by KraneShares. Both are actively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. KBUF charges 0.95%/yr vs 1.26%/yr for KBDU.
Performance
KBUF vs. KBDU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KBUF achieves a -9.39% return, which is significantly higher than KBDU's -39.48% return.
KBUF
- 1D
- 0.45%
- 1M
- 6.29%
- 6M
- -11.08%
- YTD
- -9.39%
- 1Y
- -3.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.02%
KBDU
- 1D
- 3.63%
- 1M
- -2.04%
- 6M
- -51.22%
- YTD
- -39.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.08K | $25.33K | $32.22K | |
| $6.79K | $35.72K | $167.86K |
KBUF vs. KBDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF | -9.39% | -0.53% |
KBDU KraneShares 2X Long BIDU Daily ETF | -39.48% | 19.79% |
Correlation
The correlation between KBUF and KBDU is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.68 |
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
KBUF vs. KBDU — Risk / Return Rank
KBUF
KBDU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KBUF vs. KBDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) and KraneShares 2X Long BIDU Daily ETF (KBDU). 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.
| KBUF | KBDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.97 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | — | — |
| Martin ratioReturn relative to average drawdown | -0.33 | — | — |
Loading charts...
Drawdowns
KBUF vs. KBDU - Drawdown Comparison
The maximum KBUF drawdown since its inception was -21.14%, smaller than the maximum KBDU drawdown of -64.95%. Use the drawdown chart below to compare losses from any high point for KBUF and KBDU.
Loading charts...
Drawdown Indicators
| KBUF | KBDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -64.95% | +43.81% |
Max Drawdown (1Y)Largest decline over 1 year | -21.14% | — | — |
Current DrawdownCurrent decline from peak | -14.74% | -59.52% | +44.78% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -35.78% | +30.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.46% | — | — |
Volatility
KBUF vs. KBDU - Volatility Comparison
Loading charts...
Volatility by Period
| KBUF | KBDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 100.62% | -87.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 100.62% | -86.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.18% | 100.62% | -86.44% |
KBUF vs. KBDU - Expense Ratio Comparison
KBUF has a 0.95% expense ratio, which is lower than KBDU's 1.26% expense ratio.
Dividends
KBUF vs. KBDU - Dividend Comparison
KBUF's dividend yield for the trailing twelve months is around 8.29%, while KBDU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KBDU KraneShares 2X Long BIDU Daily ETF | 0.00% | 0.00% | 0.00% |
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF | 8.29% | 7.51% | 3.53% |
Frequently Asked Questions
KBUF and KBDU have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KBUF is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KBUF is cheaper with a 0.95% expense ratio, compared with 1.26% for KBDU.
KBUF has the higher dividend yield at 8.29%, compared with 0.00% for KBDU.
KBUF is categorized as Options Trading, while KBDU is China Equities. Their fees differ too: 0.95% for KBUF and 1.26% for KBDU.
Find the right allocation for KBUF and KBDU
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