KJD vs. SPUU
KJD (KraneShares 2X Long JD Daily ETF) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both Leveraged Equities funds. KJD is actively managed, while SPUU is passively managed. At a 0.46 correlation, their price movements are largely independent. KJD charges 1.26%/yr vs 0.60%/yr for SPUU.
Performance
KJD vs. SPUU - Performance Comparison
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Returns By Period
In the year-to-date period, KJD achieves a -24.25% return, which is significantly lower than SPUU's 13.21% return.
KJD
- 1D
- -5.23%
- 1M
- -31.64%
- YTD
- -24.25%
- 6M
- -26.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUU
- 1D
- -0.25%
- 1M
- -3.30%
- YTD
- 13.21%
- 6M
- 10.18%
- 1Y
- 39.63%
- 3Y*
- 34.28%
- 5Y*
- 18.24%
- 10Y*
- 24.79%
KJD vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KJD KraneShares 2X Long JD Daily ETF | -24.25% | -28.21% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 13.21% | 5.13% |
Correlation
The correlation between KJD and SPUU is 0.46, 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 15, 2025 | 0.46 |
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Return for Risk
KJD vs. SPUU — Risk / Return Rank
KJD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPUU
KJD vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2X Long JD Daily ETF (KJD) and Direxion Daily S&P 500 Bull 2X ETF (SPUU). 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 | SPUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.19 | — |
| Martin ratioReturn relative to average drawdown | — | 9.27 | — |
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Drawdowns
KJD vs. SPUU - Drawdown Comparison
The maximum KJD drawdown since its inception was -49.41%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for KJD and SPUU.
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Drawdown Indicators
| KJD | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.41% | -59.35% | +9.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.19% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -49.41% | -6.72% | -42.69% |
Average DrawdownAverage peak-to-trough decline | -29.28% | -9.48% | -19.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.29% | — |
Volatility
KJD vs. SPUU - Volatility Comparison
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Volatility by Period
| KJD | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.65% | 25.15% | +36.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.65% | 33.67% | +27.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.65% | 35.80% | +25.85% |
KJD vs. SPUU - Expense Ratio Comparison
KJD has a 1.26% expense ratio, which is higher than SPUU's 0.60% expense ratio.
Dividends
KJD vs. SPUU - Dividend Comparison
KJD has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 1.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 1.39% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Frequently Asked Questions
KJD and SPUU have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPUU is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPUU is cheaper with a 0.60% expense ratio, compared with 1.26% for KJD.
SPUU has the higher dividend yield at 1.39%, compared with 0.00% for KJD.
They also come from different issuers: KraneShares and Direxion. Their fees differ too: 1.26% for KJD and 0.60% for SPUU.
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