KJD vs. CAS

Last updated Jun 4, 2026

KJD (KraneShares 2X Long JD Daily ETF) and CAS (Simplify China A Shares PLUS Income ETF) are both exchange-traded funds - KJD is a Leveraged Equities fund actively managed by KraneShares, while CAS is a China Equities fund actively managed by Simplify. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. KJD charges 1.26%/yr vs 0.88%/yr for CAS.

Performance

KJD vs. CAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2X Long JD Daily ETF (KJD) and Simplify China A Shares PLUS Income ETF (CAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KJD

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

CAS

• 1D: -0.49%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KJD vs. CAS - Yearly Performance Comparison

	2026 (YTD)
KJD KraneShares 2X Long JD Daily ETF	1.17%
CAS Simplify China A Shares PLUS Income ETF	-1.66%

Correlation

The correlation between KJD and CAS is 0.40, 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 May 29, 2026	0.40

Return for Risk

KJD vs. CAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long JD Daily ETF (KJD) and Simplify China A Shares PLUS Income ETF (CAS). 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	CAS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	-3.61	+2.99

Drawdowns

KJD vs. CAS - Drawdown Comparison

The maximum KJD drawdown since its inception was -49.17%, which is greater than CAS's maximum drawdown of -2.59%. Use the drawdown chart below to compare losses from any high point for KJD and CAS.

Drawdown Indicators

	KJD	CAS	Difference
Max Drawdown Largest peak-to-trough decline	-49.17%	-2.59%	-46.58%
Current Drawdown Current decline from peak	-31.90%	-1.66%	-30.24%
Average Drawdown Average peak-to-trough decline	-28.63%	-1.72%	-26.91%

Volatility

Volatility by Period

	KJD	CAS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	62.90%	20.83%	+42.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.90%	20.83%	+42.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.90%	20.83%	+42.07%

KJD vs. CAS - Expense Ratio Comparison

KJD has a 1.26% expense ratio, which is higher than CAS's 0.88% expense ratio.

Dividends

KJD vs. CAS - Dividend Comparison

Neither KJD nor CAS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KJD and CAS in my portfolio?

KJD and CAS have a correlation of 0.40, 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 CAS?

On fees, CAS is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KJD or CAS?

CAS is cheaper with a 0.88% expense ratio, compared with 1.26% for KJD.

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

KJD and CAS have nearly identical dividend yields, around 0.00%.

What is the main difference between KJD and CAS?

KJD is categorized as Leveraged Equities, while CAS is China Equities. They also come from different issuers: KraneShares and Simplify. Their fees differ too: 1.26% for KJD and 0.88% for CAS.