KJD vs. GXC

Last updated Jun 25, 2026

KJD (KraneShares 2X Long JD Daily ETF) and GXC (SPDR S&P China ETF) are both exchange-traded funds - KJD is a Leveraged Equities fund actively managed by KraneShares, while GXC is a China Equities fund tracking the S&P China BMI Index. KJD is actively managed, while GXC is passively managed. A 0.65 correlation means they provide meaningful diversification when combined. KJD charges 1.26%/yr vs 0.59%/yr for GXC.

Performance

KJD vs. GXC - Performance Comparison

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

Returns By Period

In the year-to-date period, KJD achieves a -24.25% return, which is significantly lower than GXC's -9.30% return.

KJD

• 1D: -5.23%
• 1M: -31.64%
• YTD: -24.25%
• 6M: -26.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXC

• 1D: -0.62%
• 1M: -5.88%
• YTD: -9.30%
• 6M: -10.67%
• 1Y: 1.33%
• 3Y*: 9.22%
• 5Y*: -5.72%
• 10Y*: 4.96%

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

KJD vs. GXC - Yearly Performance Comparison

	2026 (YTD)	2025
KJD KraneShares 2X Long JD Daily ETF	-24.25%	-28.21%
GXC SPDR S&P China ETF	-9.30%	-2.36%

Correlation

The correlation between KJD and GXC is 0.65, 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	0.65

Return for Risk

KJD vs. GXC — Risk / Return Rank

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

KJD

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

GXC

GXC Risk / Return Rank: 10
GXC Sharpe Ratio Rank: 10
GXC Sortino Ratio Rank: 9
GXC Omega Ratio Rank: 9
GXC Calmar Ratio Rank: 10
GXC Martin Ratio Rank: 10

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. GXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long JD Daily ETF (KJD) and SPDR S&P China ETF (GXC). 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	GXC	Difference
Sharpe ratio: Return per unit of total volatility	—	0.07	—
Sortino ratio: Return per unit of downside risk	—	0.23	—
Omega ratio: Gain probability vs. loss probability	—	1.03	—
Calmar ratio: Return relative to maximum drawdown	—	0.08	—
Martin ratio: Return relative to average drawdown	—	0.19	—

Drawdowns

KJD vs. GXC - Drawdown Comparison

The maximum KJD drawdown since its inception was -49.41%, smaller than the maximum GXC drawdown of -71.96%. Use the drawdown chart below to compare losses from any high point for KJD and GXC.

Drawdown Indicators

	KJD	GXC	Difference
Max Drawdown Largest peak-to-trough decline	-49.41%	-71.96%	+22.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.57%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-53.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.23%	—
Current Drawdown Current decline from peak	-49.41%	-35.90%	-13.51%
Average Drawdown Average peak-to-trough decline	-29.28%	-28.83%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.92%	—

Volatility

Volatility by Period

	KJD	GXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.65%	19.09%	+42.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.65%	29.02%	+32.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.65%	26.05%	+35.60%

KJD vs. GXC - Expense Ratio Comparison

KJD has a 1.26% expense ratio, which is higher than GXC's 0.59% expense ratio.

Dividends

KJD vs. GXC - Dividend Comparison

KJD has not paid dividends to shareholders, while GXC's dividend yield for the trailing twelve months is around 2.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXC SPDR S&P China ETF	2.28%	2.40%	2.81%	3.70%	2.67%	1.35%	1.04%	1.60%	2.03%	1.84%	2.05%	2.85%
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

Can I hold both KJD and GXC in my portfolio?

KJD and GXC have a correlation of 0.65, 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 GXC?

On fees, GXC is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KJD or GXC?

GXC is cheaper with a 0.59% expense ratio, compared with 1.26% for KJD.

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

GXC has the higher dividend yield at 2.28%, compared with 0.00% for KJD.

What is the main difference between KJD and GXC?

KJD is categorized as Leveraged Equities, while GXC is China Equities. They also come from different issuers: KraneShares and State Street. Their fees differ too: 1.26% for KJD and 0.59% for GXC.