KJD vs. MCHS

Last updated Jun 4, 2026

KJD (KraneShares 2X Long JD Daily ETF) and MCHS (Matthews China Discovery Active ETF) are both exchange-traded funds - KJD is a Leveraged Equities fund actively managed by KraneShares, while MCHS is a China Equities fund actively managed by Matthews. Both are actively managed. At a 0.30 correlation, their price movements are largely independent. KJD charges 1.26%/yr vs 0.89%/yr for MCHS.

Performance

KJD vs. MCHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2X Long JD Daily ETF (KJD) and Matthews China Discovery Active ETF (MCHS). 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 lower than MCHS's 44.10% return.

KJD

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

MCHS

• 1D: 0.03%
• 1M: 8.54%
• YTD: 44.10%
• 6M: 45.75%
• 1Y: 74.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KJD vs. MCHS - Yearly Performance Comparison

	2026 (YTD)	2025
KJD KraneShares 2X Long JD Daily ETF	1.96%	-27.86%
MCHS Matthews China Discovery Active ETF	44.10%	-0.59%

Correlation

The correlation between KJD and MCHS is 0.30, 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 16, 2025	0.30

Return for Risk

KJD vs. MCHS — Risk / Return Rank

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

MCHS

MCHS Risk / Return Rank: 90
MCHS Sharpe Ratio Rank: 92
MCHS Sortino Ratio Rank: 89
MCHS Omega Ratio Rank: 88
MCHS Calmar Ratio Rank: 92
MCHS Martin Ratio Rank: 87

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. MCHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long JD Daily ETF (KJD) and Matthews China Discovery Active ETF (MCHS). 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	MCHS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	1.21	-1.83

Drawdowns

KJD vs. MCHS - Drawdown Comparison

The maximum KJD drawdown since its inception was -49.17%, which is greater than MCHS's maximum drawdown of -23.75%. Use the drawdown chart below to compare losses from any high point for KJD and MCHS.

Drawdown Indicators

	KJD	MCHS	Difference
Max Drawdown Largest peak-to-trough decline	-49.17%	-23.75%	-25.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.15%	—
Current Drawdown Current decline from peak	-31.90%	-3.27%	-28.63%
Average Drawdown Average peak-to-trough decline	-28.63%	-7.61%	-21.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.02%	—

Volatility

Volatility by Period

	KJD	MCHS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	62.90%	22.74%	+40.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.90%	28.24%	+34.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.90%	28.24%	+34.66%

KJD vs. MCHS - Expense Ratio Comparison

KJD has a 1.26% expense ratio, which is higher than MCHS's 0.89% expense ratio.

Dividends

KJD vs. MCHS - Dividend Comparison

KJD has not paid dividends to shareholders, while MCHS's dividend yield for the trailing twelve months is around 2.47%.

Position	TTM	2025	2024
KJD KraneShares 2X Long JD Daily ETF	0.00%	0.00%	0.00%
MCHS Matthews China Discovery Active ETF	2.47%	3.56%	5.48%

Frequently Asked Questions

Can I hold both KJD and MCHS in my portfolio?

KJD and MCHS have a correlation of 0.30, 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 MCHS?

On fees, MCHS is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KJD or MCHS?

MCHS is cheaper with a 0.89% expense ratio, compared with 1.26% for KJD.

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

MCHS has the higher dividend yield at 2.47%, compared with 0.00% for KJD.

What is the main difference between KJD and MCHS?

KJD is categorized as Leveraged Equities, while MCHS is China Equities. They also come from different issuers: KraneShares and Matthews. Their fees differ too: 1.26% for KJD and 0.89% for MCHS.