KLXY vs. BNDD

Last updated Jun 3, 2026

KLXY (Kraneshares Global Luxury Index ETF) and BNDD (Quadratic Deflation ETF) are both exchange-traded funds - KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net, while BNDD is a Government Bonds fund actively managed by KraneShares. KLXY is passively managed, while BNDD is actively managed. At a 0.10 correlation, their price movements are largely independent. KLXY charges 0.69%/yr vs 1.02%/yr for BNDD.

Performance

KLXY vs. BNDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kraneshares Global Luxury Index ETF (KLXY) and Quadratic Deflation ETF (BNDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDD

• 1D: 0.16%
• 1M: 1.14%
• YTD: 4.40%
• 6M: 2.37%
• 1Y: 3.68%
• 3Y*: -3.89%
• 5Y*: —
• 10Y*: —

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

KLXY vs. BNDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%
BNDD Quadratic Deflation ETF	4.40%	-8.17%	-6.65%	1.19%

Correlation

The correlation between KLXY and BNDD is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.10

KLXY vs. BNDD - Sectors Allocation Comparison

Sectors	KLXY	BNDD
Consumer Cyclical	73.2%	-
Consumer Defensive	21.8%	-
Healthcare	4.9%	-
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Financial Services	-	77.7%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

KLXY vs. BNDD — Risk / Return Rank

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

BNDD

BNDD Risk / Return Rank: 14
BNDD Sharpe Ratio Rank: 14
BNDD Sortino Ratio Rank: 13
BNDD Omega Ratio Rank: 13
BNDD Calmar Ratio Rank: 14
BNDD Martin Ratio Rank: 13

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.

KLXY vs. BNDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kraneshares Global Luxury Index ETF (KLXY) and Quadratic Deflation ETF (BNDD). 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

	KLXY	BNDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.33	—

Drawdowns

Drawdown Indicators

	KLXY	BNDD	Difference
Max Drawdown Largest peak-to-trough decline	—	-30.87%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.75%	—
Current Drawdown Current decline from peak	—	-26.45%	—
Average Drawdown Average peak-to-trough decline	—	-19.33%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.82%	—

Volatility

Volatility by Period

	KLXY	BNDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.38%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.38%	—

KLXY vs. BNDD - Expense Ratio Comparison

KLXY has a 0.69% expense ratio, which is lower than BNDD's 1.02% expense ratio.

Dividends

KLXY vs. BNDD - Dividend Comparison

KLXY's dividend yield for the trailing twelve months is around 0.85%, less than BNDD's 3.60% yield.

Position	TTM	2025	2024	2023	2022	2021
BNDD Quadratic Deflation ETF	3.60%	3.82%	3.85%	4.30%	43.17%	1.04%
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLXY and BNDD in my portfolio?

KLXY and BNDD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLXY or BNDD?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLXY or BNDD?

KLXY is cheaper with a 0.69% expense ratio, compared with 1.02% for BNDD.

Which ETF pays a higher dividend yield, KLXY or BNDD?

BNDD has the higher dividend yield at 3.60%, compared with 0.85% for KLXY.

What is the main difference between KLXY and BNDD?

KLXY is categorized as Consumer Discretionary Equities, while BNDD is Government Bonds. Their fees differ too: 0.69% for KLXY and 1.02% for BNDD.