KJD vs. KPRO

Last updated Jun 4, 2026

KJD (KraneShares 2X Long JD Daily ETF) and KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) are both exchange-traded funds - KJD is a Leveraged Equities fund actively managed by KraneShares, while KPRO is a Options Trading fund actively managed by KraneShares. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. KJD charges 1.26%/yr vs 0.95%/yr for KPRO.

Performance

KJD vs. KPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2X Long JD Daily ETF (KJD) and KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KJD achieves a 1.96% return, which is significantly higher than KPRO's -5.12% return.

KJD

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

KPRO

• 1D: -0.85%
• 1M: -1.53%
• YTD: -5.12%
• 6M: -9.44%
• 1Y: -1.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KJD vs. KPRO - Yearly Performance Comparison

	2026 (YTD)	2025
KJD KraneShares 2X Long JD Daily ETF	1.96%	-27.86%
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF	-5.12%	-5.92%

Correlation

The correlation between KJD and KPRO is 0.70, 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 16, 2025	0.70

Return for Risk

KJD vs. KPRO — Risk / Return Rank

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

KPRO

KPRO Risk / Return Rank: 7
KPRO Sharpe Ratio Rank: 7
KPRO Sortino Ratio Rank: 6
KPRO Omega Ratio Rank: 6
KPRO Calmar Ratio Rank: 7
KPRO Martin Ratio Rank: 7

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. KPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long JD Daily ETF (KJD) and KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO). 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	KPRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	0.81	-1.43

Drawdowns

KJD vs. KPRO - Drawdown Comparison

The maximum KJD drawdown since its inception was -49.17%, which is greater than KPRO's maximum drawdown of -11.92%. Use the drawdown chart below to compare losses from any high point for KJD and KPRO.

Drawdown Indicators

	KJD	KPRO	Difference
Max Drawdown Largest peak-to-trough decline	-49.17%	-11.92%	-37.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.92%	—
Current Drawdown Current decline from peak	-31.90%	-11.91%	-19.99%
Average Drawdown Average peak-to-trough decline	-28.63%	-2.40%	-26.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.01%	—

Volatility

Volatility by Period

	KJD	KPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	62.90%	8.86%	+54.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.90%	7.83%	+55.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.90%	7.83%	+55.07%

KJD vs. KPRO - Expense Ratio Comparison

KJD has a 1.26% expense ratio, which is higher than KPRO's 0.95% expense ratio.

Dividends

KJD vs. KPRO - Dividend Comparison

KJD has not paid dividends to shareholders, while KPRO's dividend yield for the trailing twelve months is around 2.79%.

Position	TTM	2025	2024
KJD KraneShares 2X Long JD Daily ETF	0.00%	0.00%	0.00%
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF	2.79%	2.65%	3.70%

Frequently Asked Questions

Can I hold both KJD and KPRO in my portfolio?

KJD and KPRO have a correlation of 0.70, 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 KPRO?

On fees, KPRO is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KJD or KPRO?

KPRO is cheaper with a 0.95% expense ratio, compared with 1.26% for KJD.

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

KPRO has the higher dividend yield at 2.79%, compared with 0.00% for KJD.

What is the main difference between KJD and KPRO?

KJD is categorized as Leveraged Equities, while KPRO is Options Trading. Their fees differ too: 1.26% for KJD and 0.95% for KPRO.