KJD vs. GXC
KJD (KraneShares 2X Long JD Daily ETF) and GXC (SPDR S&P China ETF) are both China Equities funds. KJD is actively managed, while GXC is passively managed. A 0.62 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
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Returns By Period
In the year-to-date period, KJD achieves a 1.45% return, which is significantly higher than GXC's -6.77% return.
KJD
- 1D
- 2.57%
- 1M
- 7.71%
- 6M
- -2.89%
- YTD
- 1.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXC
- 1D
- -0.53%
- 1M
- -1.22%
- 6M
- -12.50%
- YTD
- -6.77%
- 1Y
- 1.91%
- 3Y*
- 8.68%
- 5Y*
- -4.15%
- 10Y*
- 4.37%
KJD vs. GXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KJD KraneShares 2X Long JD Daily ETF | 1.45% | -28.21% |
GXC SPDR S&P China ETF | -6.77% | -2.36% |
Correlation
The correlation between KJD and GXC is 0.62, 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 | 0.62 |
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Return for Risk
KJD vs. GXC — Risk / Return Rank
KJD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GXC
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.03 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.11 | — |
| Martin ratioReturn relative to average drawdown | — | 0.24 | — |
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Drawdowns
KJD vs. GXC - Drawdown Comparison
The maximum KJD drawdown since its inception was -50.81%, 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.
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Drawdown Indicators
| KJD | GXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -71.96% | +21.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.77% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.23% | — |
Current DrawdownCurrent decline from peak | -32.25% | -34.11% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -28.85% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.96% | — |
Volatility
KJD vs. GXC - Volatility Comparison
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Volatility by Period
| KJD | GXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.33% | 19.22% | +42.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.33% | 28.98% | +32.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.33% | 26.04% | +35.29% |
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 2.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXC SPDR S&P China ETF | 2.22% | 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
KJD and GXC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GXC is cheaper with a 0.59% expense ratio, compared with 1.26% for KJD.
GXC has the higher dividend yield at 2.22%, compared with 0.00% for KJD.
They also come from different issuers: KraneShares and State Street. Their fees differ too: 1.26% for KJD and 0.59% for GXC.
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