KCSH vs. SDMF

Last updated Jun 4, 2026

KCSH (KraneShares Sustainable Ultra Short Duration Index ETF) and SDMF (Simplify DBi CTA Managed Futures Index ETF) are both exchange-traded funds - KCSH is a Ultrashort Bond fund tracking the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index, while SDMF is a Systematic Trend fund tracking the DBi CTA Managed Futures Index. Both are passively managed. At a correlation of -0.15, they often move in opposite directions. KCSH charges 0.20%/yr vs 0.35%/yr for SDMF.

Performance

KCSH vs. SDMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) and Simplify DBi CTA Managed Futures Index ETF (SDMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KCSH

• 1D: 0.02%
• 1M: 0.32%
• YTD: 1.49%
• 6M: 1.83%
• 1Y: 4.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDMF

• 1D: 0.09%
• 1M: 2.33%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KCSH vs. SDMF - Yearly Performance Comparison

	2026 (YTD)
KCSH KraneShares Sustainable Ultra Short Duration Index ETF	0.99%
SDMF Simplify DBi CTA Managed Futures Index ETF	3.37%

Correlation

The correlation between KCSH and SDMF is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 20, 2026	-0.15

Return for Risk

KCSH vs. SDMF — Risk / Return Rank

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

KCSH

KCSH Risk / Return Rank: 95
KCSH Sharpe Ratio Rank: 92
KCSH Sortino Ratio Rank: 93
KCSH Omega Ratio Rank: 98
KCSH Calmar Ratio Rank: 94
KCSH Martin Ratio Rank: 98

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.

KCSH vs. SDMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) and Simplify DBi CTA Managed Futures Index ETF (SDMF). 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.

	KCSH	SDMF	Difference
Sharpe ratio: Return per unit of total volatility	3.30	—	—
Sortino ratio: Return per unit of downside risk	4.65	—	—
Omega ratio: Gain probability vs. loss probability	2.16	—	—
Calmar ratio: Return relative to maximum drawdown	7.00	—	—
Martin ratio: Return relative to average drawdown	59.08	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KCSH	SDMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.26	0.93	+2.33

Drawdowns

KCSH vs. SDMF - Drawdown Comparison

The maximum KCSH drawdown since its inception was -0.58%, smaller than the maximum SDMF drawdown of -6.23%. Use the drawdown chart below to compare losses from any high point for KCSH and SDMF.

Drawdown Indicators

	KCSH	SDMF	Difference
Max Drawdown Largest peak-to-trough decline	-0.58%	-6.23%	+5.65%
Max Drawdown (1Y) Largest decline over 1 year	-0.58%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	-2.26%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	—	—

Volatility

Volatility by Period

	KCSH	SDMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.24%	13.27%	-12.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.33%	13.27%	-11.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.33%	13.27%	-11.94%

KCSH vs. SDMF - Expense Ratio Comparison

KCSH has a 0.20% expense ratio, which is lower than SDMF's 0.35% expense ratio.

Dividends

KCSH vs. SDMF - Dividend Comparison

KCSH's dividend yield for the trailing twelve months is around 3.97%, while SDMF has not paid dividends to shareholders.

Position	TTM	2025	2024
KCSH KraneShares Sustainable Ultra Short Duration Index ETF	3.97%	4.35%	2.08%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KCSH and SDMF in my portfolio?

KCSH and SDMF have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KCSH or SDMF?

On fees, KCSH is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KCSH or SDMF?

KCSH is cheaper with a 0.20% expense ratio, compared with 0.35% for SDMF.

Which ETF pays a higher dividend yield, KCSH or SDMF?

KCSH has the higher dividend yield at 3.97%, compared with 0.00% for SDMF.

What is the main difference between KCSH and SDMF?

KCSH is categorized as Ultrashort Bond, while SDMF is Systematic Trend. KCSH tracks Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index, while SDMF tracks DBi CTA Managed Futures Index. They also come from different issuers: KraneShares and Simplify. Their fees differ too: 0.20% for KCSH and 0.35% for SDMF.