KIQQ vs. KBUF

Last updated Jun 6, 2026

KIQQ (KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF) and KBUF (KraneShares 90% KWEB Defined Outcome January 2026 ETF) are both exchange-traded funds - KIQQ is a Derivative Income fund actively managed by KraneShares, while KBUF is a Options Trading fund actively managed by KraneShares. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. KIQQ charges 0.79%/yr vs 0.95%/yr for KBUF.

Performance

KIQQ vs. KBUF - 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 KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KIQQ

• 1D: -3.57%
• 1M: 0.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KBUF

• 1D: -1.55%
• 1M: -6.73%
• YTD: -12.71%
• 6M: -13.32%
• 1Y: -5.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KIQQ vs. KBUF - Yearly Performance Comparison

	2026 (YTD)
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	6.53%
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	-14.50%

Correlation

The correlation between KIQQ and KBUF is 0.51, 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 Jan 8, 2026	0.51

Return for Risk

KIQQ vs. KBUF — Risk / Return Rank

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

KBUF

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

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. KBUF - 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 KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF). 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.

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

Sharpe Ratios by Period

	KIQQ	KBUF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.58	+0.58

Drawdowns

KIQQ vs. KBUF - Drawdown Comparison

The maximum KIQQ drawdown since its inception was -8.89%, smaller than the maximum KBUF drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for KIQQ and KBUF.

Drawdown Indicators

	KIQQ	KBUF	Difference
Max Drawdown Largest peak-to-trough decline	-8.89%	-17.87%	+8.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.87%	—
Current Drawdown Current decline from peak	-4.01%	-17.87%	+13.86%
Average Drawdown Average peak-to-trough decline	-2.44%	-4.20%	+1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.66%	—

Volatility

Volatility by Period

	KIQQ	KBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	13.16%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	14.36%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.55%	14.36%	+0.19%

KIQQ vs. KBUF - Expense Ratio Comparison

KIQQ has a 0.79% expense ratio, which is lower than KBUF's 0.95% expense ratio.

Dividends

KIQQ vs. KBUF - Dividend Comparison

KIQQ's dividend yield for the trailing twelve months is around 3.66%, less than KBUF's 8.61% yield.

Position	TTM	2025	2024
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	8.61%	7.51%	3.53%
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	3.66%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KIQQ and KBUF in my portfolio?

KIQQ and KBUF have a correlation of 0.51, 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 KBUF?

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 KBUF?

KIQQ is cheaper with a 0.79% expense ratio, compared with 0.95% for KBUF.

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

KBUF has the higher dividend yield at 8.61%, compared with 3.66% for KIQQ.

What is the main difference between KIQQ and KBUF?

KIQQ is categorized as Derivative Income, while KBUF is Options Trading. Their fees differ too: 0.79% for KIQQ and 0.95% for KBUF.