KJD vs. CNYA
KJD (KraneShares 2X Long JD Daily ETF) and CNYA (iShares MSCI China A ETF) are both China Equities funds. KJD is actively managed, while CNYA is passively managed. At a 0.29 correlation, their price movements are largely independent. KJD charges 1.26%/yr vs 0.60%/yr for CNYA.
Performance
KJD vs. CNYA - 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 CNYA's 3.25% return.
KJD
- 1D
- 2.57%
- 1M
- 7.71%
- 6M
- -2.89%
- YTD
- 1.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNYA
- 1D
- -2.70%
- 1M
- -5.39%
- 6M
- -0.46%
- YTD
- 3.25%
- 1Y
- 24.03%
- 3Y*
- 9.14%
- 5Y*
- -1.47%
- 10Y*
- 5.27%
KJD vs. CNYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KJD KraneShares 2X Long JD Daily ETF | 1.45% | -28.21% |
CNYA iShares MSCI China A ETF | 3.25% | 4.76% |
Correlation
The correlation between KJD and CNYA is 0.29, 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 Oct 15, 2025 | 0.29 |
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Return for Risk
KJD vs. CNYA — Risk / Return Rank
KJD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CNYA
KJD vs. CNYA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long JD Daily ETF (KJD) and iShares MSCI China A ETF (CNYA). 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 | CNYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.05 | — |
| Martin ratioReturn relative to average drawdown | — | 8.01 | — |
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Drawdowns
KJD vs. CNYA - Drawdown Comparison
The maximum KJD drawdown since its inception was -50.81%, roughly equal to the maximum CNYA drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for KJD and CNYA.
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Drawdown Indicators
| KJD | CNYA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -49.49% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.91% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.49% | — |
Current DrawdownCurrent decline from peak | -32.25% | -18.21% | -14.04% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -20.61% | -9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.01% | — |
Volatility
KJD vs. CNYA - Volatility Comparison
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Volatility by Period
| KJD | CNYA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.33% | 19.74% | +41.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.33% | 24.07% | +37.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.33% | 23.61% | +37.72% |
KJD vs. CNYA - Expense Ratio Comparison
KJD has a 1.26% expense ratio, which is higher than CNYA's 0.60% expense ratio.
Dividends
KJD vs. CNYA - Dividend Comparison
KJD has not paid dividends to shareholders, while CNYA's dividend yield for the trailing twelve months is around 1.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.82% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
KJD KraneShares 2X Long JD Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KJD and CNYA have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNYA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNYA is cheaper with a 0.60% expense ratio, compared with 1.26% for KJD.
CNYA has the higher dividend yield at 1.82%, compared with 0.00% for KJD.
They also come from different issuers: KraneShares and iShares. Their fees differ too: 1.26% for KJD and 0.60% for CNYA.
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