KBUF vs. KJD
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 Leveraged Equities fund actively managed by KraneShares. Both are actively managed. A 0.68 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
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Returns By Period
In the year-to-date period, KBUF achieves a -15.02% return, which is significantly higher than KJD's -20.07% return.
KBUF
- 1D
- -0.06%
- 1M
- -4.18%
- YTD
- -15.02%
- 6M
- -15.46%
- 1Y
- -8.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KJD
- 1D
- -6.60%
- 1M
- -27.87%
- YTD
- -20.07%
- 6M
- -22.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KBUF vs. KJD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF | -15.02% | -2.06% |
KJD KraneShares 2X Long JD Daily ETF | -20.07% | -28.21% |
Correlation
The correlation between KBUF and KJD is 0.68, 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 | 0.68 |
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Return for Risk
KBUF vs. KJD — Risk / Return Rank
KBUF
KJD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | — | — |
| Martin ratioReturn relative to average drawdown | -0.97 | — | — |
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Drawdowns
KBUF vs. KJD - Drawdown Comparison
The maximum KBUF drawdown since its inception was -20.04%, smaller than the maximum KJD drawdown of -49.17%. Use the drawdown chart below to compare losses from any high point for KBUF and KJD.
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Drawdown Indicators
| KBUF | KJD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.04% | -49.17% | +29.13% |
Max Drawdown (1Y)Largest decline over 1 year | -20.04% | — | — |
Current DrawdownCurrent decline from peak | -20.04% | -46.62% | +26.58% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -29.16% | +24.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.58% | — | — |
Volatility
KBUF vs. KJD - Volatility Comparison
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Volatility by Period
| KBUF | KJD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 61.53% | -48.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 61.53% | -47.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.27% | 61.53% | -47.26% |
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 8.84%, while KJD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF | 8.84% | 7.51% | 3.53% |
KJD KraneShares 2X Long JD Daily ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KBUF and KJD 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 KJD.
KBUF has the higher dividend yield at 8.84%, compared with 0.00% for KJD.
KBUF is categorized as Options Trading, while KJD is Leveraged Equities. Their fees differ too: 0.95% for KBUF and 1.26% for KJD.
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