KBUF vs. KJD

Last updated Jul 14, 2026

KBUF (KraneShares 90% KWEB Defined Outcome January 2026 ETF) and KJD (KraneShares 2X Long JD Daily ETF) are both exchange-traded funds - KBUF is a Options Trading fund actively managed by KraneShares, while KJD is a China Equities fund actively managed by KraneShares. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. KBUF charges 0.95%/yr vs 1.26%/yr for KJD.

Performance

KBUF vs. KJD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) and KraneShares 2X Long JD Daily ETF (KJD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBUF achieves a -12.82% return, which is significantly lower than KJD's -3.67% return.

KBUF

• 1D: -0.35%
• 1M: -0.32%
• 6M: -16.85%
• YTD: -12.82%
• 1Y: -6.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KJD

• 1D: 4.68%
• 1M: 0.53%
• 6M: -15.61%
• YTD: -3.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBUF vs. KJD - Yearly Performance Comparison

	2026 (YTD)	2025
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	-12.82%	-2.06%
KJD KraneShares 2X Long JD Daily ETF	-3.67%	-28.21%

Correlation

The correlation between KBUF and KJD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.66

Return for Risk

KBUF vs. KJD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KBUF

KBUF Risk / Return Rank: 6
KBUF Sharpe Ratio Rank: 5
KBUF Sortino Ratio Rank: 5
KBUF Omega Ratio Rank: 5
KBUF Calmar Ratio Rank: 7
KBUF Martin Ratio Rank: 6

KJD

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KBUF vs. KJD - 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 JD Daily ETF (KJD). 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	KJD	Difference
Sharpe ratio: Return per unit of total volatility	-0.48	—	—
Sortino ratio: Return per unit of downside risk	-0.59	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.30	—	—
Martin ratio: Return relative to average drawdown	-0.66	—	—

Drawdowns

KBUF vs. KJD - Drawdown Comparison

The maximum KBUF drawdown since its inception was -21.14%, smaller than the maximum KJD drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for KBUF and KJD.

Drawdown Indicators

	KBUF	KJD	Difference
Max Drawdown Largest peak-to-trough decline	-21.14%	-50.81%	+29.67%
Max Drawdown (1Y) Largest decline over 1 year	-21.14%	—	—
Current Drawdown Current decline from peak	-17.97%	-35.66%	+17.69%
Average Drawdown Average peak-to-trough decline	-4.78%	-30.28%	+25.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.63%	—	—

Volatility

Volatility by Period

	KBUF	KJD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.25%	61.63%	-48.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	61.63%	-47.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.22%	61.63%	-47.41%

KBUF vs. KJD - Expense Ratio Comparison

KBUF has a 0.95% expense ratio, which is lower than KJD's 1.26% expense ratio.

Dividends

KBUF vs. KJD - Dividend Comparison

KBUF's dividend yield for the trailing twelve months is around 8.62%, while KJD has not paid dividends to shareholders.

Position	TTM	2025	2024
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	8.62%	7.51%	3.53%
KJD KraneShares 2X Long JD Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KBUF and KJD in my portfolio?

KBUF and KJD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KBUF or KJD?

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.

Which ETF is cheaper, KBUF or KJD?

KBUF is cheaper with a 0.95% expense ratio, compared with 1.26% for KJD.

Which ETF pays a higher dividend yield, KBUF or KJD?

KBUF has the higher dividend yield at 8.62%, compared with 0.00% for KJD.

What is the main difference between KBUF and KJD?

KBUF is categorized as Options Trading, while KJD is China Equities. Their fees differ too: 0.95% for KBUF and 1.26% for KJD.