KJD vs. BNDD

Last updated Jun 4, 2026

KJD (KraneShares 2X Long JD Daily ETF) and BNDD (Quadratic Deflation ETF) are both exchange-traded funds - KJD is a Leveraged Equities fund actively managed by KraneShares, while BNDD is a Government Bonds fund actively managed by KraneShares. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. KJD charges 1.26%/yr vs 1.02%/yr for BNDD.

Performance

KJD vs. BNDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2X Long JD Daily ETF (KJD) and Quadratic Deflation ETF (BNDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KJD achieves a 1.96% return, which is significantly lower than BNDD's 4.32% return.

KJD

• 1D: -4.75%
• 1M: -6.67%
• YTD: 1.96%
• 6M: -6.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDD

• 1D: -0.08%
• 1M: 1.37%
• YTD: 4.32%
• 6M: 2.24%
• 1Y: 3.39%
• 3Y*: -3.91%
• 5Y*: —
• 10Y*: —

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

KJD vs. BNDD - Yearly Performance Comparison

	2026 (YTD)	2025
KJD KraneShares 2X Long JD Daily ETF	1.96%	-27.86%
BNDD Quadratic Deflation ETF	4.32%	-3.95%

Correlation

The correlation between KJD and BNDD is 0.03, 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 16, 2025	0.03

Return for Risk

KJD vs. BNDD — Risk / Return Rank

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

BNDD

BNDD Risk / Return Rank: 14
BNDD Sharpe Ratio Rank: 13
BNDD Sortino Ratio Rank: 12
BNDD Omega Ratio Rank: 12
BNDD Calmar Ratio Rank: 16
BNDD Martin Ratio Rank: 15

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.

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.

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

Sharpe Ratios by Period

	KJD	BNDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	-0.33	-0.29

Drawdowns

KJD vs. BNDD - Drawdown Comparison

The maximum KJD drawdown since its inception was -49.17%, 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.

Drawdown Indicators

	KJD	BNDD	Difference
Max Drawdown Largest peak-to-trough decline	-49.17%	-30.87%	-18.30%
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	-31.90%	-26.51%	-5.39%
Average Drawdown Average peak-to-trough decline	-28.63%	-19.34%	-9.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.83%	—

Volatility

Volatility by Period

	KJD	BNDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	62.90%	10.59%	+52.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.90%	13.38%	+49.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.90%	13.38%	+49.52%

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 3.61%.

Position	TTM	2025	2024	2023	2022	2021
BNDD Quadratic Deflation ETF	3.61%	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

Can I hold both KJD and BNDD in my portfolio?

KJD and BNDD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KJD or BNDD?

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.

Which ETF is cheaper, KJD or BNDD?

BNDD is cheaper with a 1.02% expense ratio, compared with 1.26% for KJD.

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

BNDD has the higher dividend yield at 3.61%, compared with 0.00% for KJD.

What is the main difference between KJD and BNDD?

KJD is categorized as Leveraged Equities, while BNDD is Government Bonds. Their fees differ too: 1.26% for KJD and 1.02% for BNDD.