KPDD vs. BOEG

Last updated Jun 24, 2026

KPDD (KraneShares 2x Long PDD Daily ETF) and BOEG (Leverage Shares 2X Long BA Daily ETF) are both Leveraged Equities funds. KPDD is passively managed, while BOEG is actively managed. Over the past year, KPDD returned -54.87% vs -7.01% for BOEG. At a 0.24 correlation, their price movements are largely independent. KPDD charges 1.27%/yr vs 0.75%/yr for BOEG.

Performance

KPDD vs. BOEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2x Long PDD Daily ETF (KPDD) and Leverage Shares 2X Long BA Daily ETF (BOEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KPDD achieves a -59.53% return, which is significantly lower than BOEG's -10.46% return.

KPDD

• 1D: -3.93%
• 1M: -36.48%
• YTD: -59.53%
• 6M: -58.74%
• 1Y: -54.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOEG

• 1D: -3.65%
• 1M: -3.95%
• YTD: -10.46%
• 6M: -10.54%
• 1Y: -7.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KPDD vs. BOEG - Yearly Performance Comparison

	2026 (YTD)	2025
KPDD KraneShares 2x Long PDD Daily ETF	-59.53%	8.51%
BOEG Leverage Shares 2X Long BA Daily ETF	-10.46%	6.85%

Correlation

The correlation between KPDD and BOEG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.24

Return for Risk

KPDD vs. BOEG — Risk / Return Rank

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

KPDD

KPDD Risk / Return Rank: 2
KPDD Sharpe Ratio Rank: 2
KPDD Sortino Ratio Rank: 3
KPDD Omega Ratio Rank: 2
KPDD Calmar Ratio Rank: 3
KPDD Martin Ratio Rank: 1

BOEG

BOEG Risk / Return Rank: 8
BOEG Sharpe Ratio Rank: 8
BOEG Sortino Ratio Rank: 10
BOEG Omega Ratio Rank: 10
BOEG Calmar Ratio Rank: 8
BOEG 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.

KPDD vs. BOEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long PDD Daily ETF (KPDD) and Leverage Shares 2X Long BA Daily ETF (BOEG). 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.

	KPDD	BOEG	Difference
Sharpe ratio: Return per unit of total volatility	-0.85	-0.11	-0.74
Sortino ratio: Return per unit of downside risk	-1.17	0.31	-1.48
Omega ratio: Gain probability vs. loss probability	0.86	1.04	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.75	-0.15	-0.60
Martin ratio: Return relative to average drawdown	-1.44	-0.30	-1.14

KPDD vs. BOEG - Sharpe Ratio Comparison

The current KPDD Sharpe Ratio is -0.85, which is lower than the BOEG Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of KPDD and BOEG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KPDD vs. BOEG - Drawdown Comparison

The maximum KPDD drawdown since its inception was -75.39%, which is greater than BOEG's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for KPDD and BOEG.

Drawdown Indicators

	KPDD	BOEG	Difference
Max Drawdown Largest peak-to-trough decline	-75.39%	-46.47%	-28.92%
Max Drawdown (1Y) Largest decline over 1 year	-73.65%	-46.47%	-27.18%
Current Drawdown Current decline from peak	-75.39%	-32.78%	-42.61%
Average Drawdown Average peak-to-trough decline	-38.48%	-19.57%	-18.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.06%	23.48%	+14.58%

Volatility

KPDD vs. BOEG - Volatility Comparison

KraneShares 2x Long PDD Daily ETF (KPDD) has a higher volatility of 29.22% compared to Leverage Shares 2X Long BA Daily ETF (BOEG) at 21.62%. This indicates that KPDD's price experiences larger fluctuations and is considered to be riskier than BOEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KPDD	BOEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.22%	21.62%	+7.60%
Volatility (6M) Calculated over the trailing 6-month period	51.47%	47.16%	+4.31%
Volatility (1Y) Calculated over the trailing 1-year period	65.09%	64.36%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.78%	64.05%	+9.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.78%	64.05%	+9.73%

KPDD vs. BOEG - Expense Ratio Comparison

KPDD has a 1.27% expense ratio, which is higher than BOEG's 0.75% expense ratio.

Dividends

KPDD vs. BOEG - Dividend Comparison

KPDD's dividend yield for the trailing twelve months is around 142.99%, while BOEG has not paid dividends to shareholders.

Position	TTM	2025
BOEG Leverage Shares 2X Long BA Daily ETF	0.00%	0.00%
KPDD KraneShares 2x Long PDD Daily ETF	142.99%	57.87%

Frequently Asked Questions

Can I hold both KPDD and BOEG in my portfolio?

KPDD and BOEG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KPDD or BOEG?

KPDD has higher volatility (29.22%) compared to BOEG (21.62%). In terms of maximum drawdown, KPDD dropped -75.39% vs BOEG's -46.47%.

Which ETF is better, KPDD or BOEG?

On 1-year performance, BOEG leads with -7.01% vs -54.87% for KPDD. On fees, BOEG is cheaper at 0.75% per year. On volatility, BOEG has been the lower-risk option at 21.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KPDD or BOEG?

Over the 1-year period, BOEG has performed better with a -7.01% return vs -54.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KPDD or BOEG?

BOEG is cheaper with a 0.75% expense ratio, compared with 1.27% for KPDD.

Which ETF pays a higher dividend yield, KPDD or BOEG?

KPDD has the higher dividend yield at 142.99%, compared with 0.00% for BOEG.

What is the main difference between KPDD and BOEG?

They also come from different issuers: KraneShares and Leverage Shares. Their fees differ too: 1.27% for KPDD and 0.75% for BOEG.

Which has better risk-adjusted returns?

BOEG currently has the higher Sharpe Ratio (-0.11 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.