KJD vs. CXSE
KJD (KraneShares 2X Long JD Daily ETF) and CXSE (WisdomTree China ex-State-Owned Enterprises Fund) are both China Equities funds. KJD is actively managed, while CXSE is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. KJD charges 1.26%/yr vs 0.32%/yr for CXSE.
Performance
KJD vs. CXSE - Performance Comparison
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Returns By Period
In the year-to-date period, KJD achieves a 1.45% return, which is significantly higher than CXSE's -3.41% return.
KJD
- 1D
- 2.57%
- 1M
- 7.71%
- 6M
- -2.89%
- YTD
- 1.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CXSE
- 1D
- -1.18%
- 1M
- -1.56%
- 6M
- -8.46%
- YTD
- -3.41%
- 1Y
- 9.28%
- 3Y*
- 8.21%
- 5Y*
- -7.95%
- 10Y*
- 6.56%
KJD vs. CXSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KJD KraneShares 2X Long JD Daily ETF | 1.45% | -28.21% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | -3.41% | -2.43% |
Correlation
The correlation between KJD and CXSE is 0.53, 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 Oct 15, 2025 | 0.53 |
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Return for Risk
KJD vs. CXSE — Risk / Return Rank
KJD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CXSE
KJD vs. CXSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long JD Daily ETF (KJD) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE). 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 | CXSE | 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 | — | 0.53 | — |
| Martin ratioReturn relative to average drawdown | — | 0.97 | — |
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Drawdowns
KJD vs. CXSE - Drawdown Comparison
The maximum KJD drawdown since its inception was -50.81%, smaller than the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for KJD and CXSE.
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Drawdown Indicators
| KJD | CXSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -70.01% | +19.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -61.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.01% | — |
Current DrawdownCurrent decline from peak | -32.25% | -48.33% | +16.08% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -27.99% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.62% | — |
Volatility
KJD vs. CXSE - Volatility Comparison
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Volatility by Period
| KJD | CXSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.33% | 22.19% | +39.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.33% | 32.35% | +28.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.33% | 28.76% | +32.57% |
KJD vs. CXSE - Expense Ratio Comparison
KJD has a 1.26% expense ratio, which is higher than CXSE's 0.32% expense ratio.
Dividends
KJD vs. CXSE - Dividend Comparison
KJD has not paid dividends to shareholders, while CXSE's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 1.50% | 1.95% | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 2.50% |
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% | 0.00% |
Frequently Asked Questions
KJD and CXSE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CXSE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CXSE is cheaper with a 0.32% expense ratio, compared with 1.26% for KJD.
CXSE has the higher dividend yield at 1.50%, compared with 0.00% for KJD.
They also come from different issuers: KraneShares and WisdomTree. Their fees differ too: 1.26% for KJD and 0.32% for CXSE.
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