KJD vs. BNDD
KJD (KraneShares 2X Long JD Daily ETF) and BNDD (Quadratic Deflation ETF) are both exchange-traded funds - KJD is a China Equities fund actively managed by KraneShares, while BNDD is a Government Bonds fund actively managed by KraneShares. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. KJD charges 1.26%/yr vs 1.02%/yr for BNDD.
Performance
KJD vs. BNDD - Performance Comparison
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Returns By Period
In the year-to-date period, KJD achieves a 1.45% return, which is significantly lower than BNDD's 3.59% return.
KJD
- 1D
- 2.57%
- 1M
- 7.71%
- 6M
- -2.89%
- YTD
- 1.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDD
- 1D
- 0.71%
- 1M
- -2.56%
- 6M
- 0.43%
- YTD
- 3.59%
- 1Y
- 4.65%
- 3Y*
- -4.76%
- 5Y*
- —
- 10Y*
- —
KJD vs. BNDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KJD KraneShares 2X Long JD Daily ETF | 1.45% | -28.21% |
BNDD Quadratic Deflation ETF | 3.59% | -4.41% |
Correlation
The correlation between KJD and BNDD is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | -0.02 |
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Return for Risk
KJD vs. BNDD — Risk / Return Rank
KJD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNDD
KJD vs. BNDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long JD Daily ETF (KJD) 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.
| KJD | BNDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.09 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.77 | — |
| Martin ratioReturn relative to average drawdown | — | 1.72 | — |
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Drawdowns
KJD vs. BNDD - Drawdown Comparison
The maximum KJD drawdown since its inception was -50.81%, which is greater than BNDD's maximum drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for KJD and BNDD.
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Drawdown Indicators
| KJD | BNDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -30.87% | -19.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.45% | — |
Current DrawdownCurrent decline from peak | -32.25% | -27.02% | -5.23% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -19.47% | -10.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.71% | — |
Volatility
KJD vs. BNDD - Volatility Comparison
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Volatility by Period
| KJD | BNDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.33% | 10.36% | +50.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.33% | 13.29% | +48.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.33% | 13.29% | +48.04% |
KJD vs. BNDD - Expense Ratio Comparison
KJD has a 1.26% expense ratio, which is higher than BNDD's 1.02% expense ratio.
Dividends
KJD vs. BNDD - Dividend Comparison
KJD has not paid dividends to shareholders, while BNDD's dividend yield for the trailing twelve months is around 3.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BNDD Quadratic Deflation ETF | 3.64% | 3.82% | 3.85% | 4.30% | 43.17% | 1.04% |
KJD KraneShares 2X Long JD Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KJD and BNDD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDD is cheaper at 1.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDD is cheaper with a 1.02% expense ratio, compared with 1.26% for KJD.
BNDD has the higher dividend yield at 3.64%, compared with 0.00% for KJD.
KJD is categorized as China Equities, while BNDD is Government Bonds. Their fees differ too: 1.26% for KJD and 1.02% for BNDD.
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