KIQQ vs. BNDD

Last updated Jul 2, 2026

KIQQ (KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF) and BNDD (Quadratic Deflation ETF) are both exchange-traded funds - KIQQ is a Derivative Income fund actively managed by KraneShares, while BNDD is a Government Bonds fund actively managed by KraneShares. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. KIQQ charges 0.79%/yr vs 1.02%/yr for BNDD.

Performance

KIQQ vs. BNDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) and Quadratic Deflation ETF (BNDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KIQQ

• 1D: -1.11%
• 1M: -2.18%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDD

• 1D: -0.48%
• 1M: 2.66%
• YTD: 7.01%
• 6M: 7.01%
• 1Y: 3.59%
• 3Y*: -4.64%
• 5Y*: —
• 10Y*: —

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

KIQQ vs. BNDD - Yearly Performance Comparison

	2026 (YTD)
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	7.69%
BNDD Quadratic Deflation ETF	7.14%

Correlation

The correlation between KIQQ and BNDD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.17

Return for Risk

KIQQ vs. BNDD — Risk / Return Rank

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

KIQQ

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

BNDD

BNDD Risk / Return Rank: 14
BNDD Sharpe Ratio Rank: 14
BNDD Sortino Ratio Rank: 13
BNDD Omega Ratio Rank: 13
BNDD Calmar Ratio Rank: 17
BNDD Martin Ratio Rank: 16

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.

KIQQ vs. BNDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) and Quadratic Deflation ETF (BNDD). 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.

	KIQQ	BNDD	Difference
Sharpe ratio: Return per unit of total volatility	—	0.35	—
Sortino ratio: Return per unit of downside risk	—	0.56	—
Omega ratio: Gain probability vs. loss probability	—	1.07	—
Calmar ratio: Return relative to maximum drawdown	—	0.59	—
Martin ratio: Return relative to average drawdown	—	1.33	—

Drawdowns

KIQQ vs. BNDD - Drawdown Comparison

The maximum KIQQ drawdown since its inception was -8.89%, smaller than the maximum BNDD drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for KIQQ and BNDD.

Drawdown Indicators

	KIQQ	BNDD	Difference
Max Drawdown Largest peak-to-trough decline	-8.89%	-30.87%	+21.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.75%	—
Current Drawdown Current decline from peak	-2.71%	-24.61%	+21.90%
Average Drawdown Average peak-to-trough decline	-2.56%	-19.41%	+16.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.82%	—

Volatility

Volatility by Period

	KIQQ	BNDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	10.45%	+5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	13.32%	+2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.03%	13.32%	+2.71%

KIQQ vs. BNDD - Expense Ratio Comparison

KIQQ has a 0.79% expense ratio, which is lower than BNDD's 1.02% expense ratio.

Dividends

KIQQ vs. BNDD - Dividend Comparison

KIQQ's dividend yield for the trailing twelve months is around 4.40%, more than BNDD's 3.53% yield.

Position	TTM	2025	2024	2023	2022	2021
BNDD Quadratic Deflation ETF	3.53%	3.82%	3.85%	4.30%	43.17%	1.04%
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	4.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KIQQ and BNDD in my portfolio?

KIQQ and BNDD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KIQQ or BNDD?

On fees, KIQQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KIQQ or BNDD?

KIQQ is cheaper with a 0.79% expense ratio, compared with 1.02% for BNDD.

Which ETF pays a higher dividend yield, KIQQ or BNDD?

KIQQ has the higher dividend yield at 4.40%, compared with 3.53% for BNDD.

What is the main difference between KIQQ and BNDD?

KIQQ is categorized as Derivative Income, while BNDD is Government Bonds. Their fees differ too: 0.79% for KIQQ and 1.02% for BNDD.