KPDD vs. IBID
KPDD (KraneShares 2x Long PDD Daily ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - KPDD is a Leveraged Equities fund tracking the PDD Holdings Inc. ADR (PDD), while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, KPDD returned -46.58% vs 3.56% for IBID. Their -0.12 correlation means they have often moved in opposite directions in the past. KPDD charges 1.27%/yr vs 0.10%/yr for IBID.
Performance
KPDD vs. IBID - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KPDD achieves a -45.34% return, which is significantly lower than IBID's 2.39% return.
KPDD
- 1D
- 3.63%
- 1M
- 17.82%
- 6M
- -32.91%
- YTD
- -45.34%
- 1Y
- -46.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -47.94%
IBID
- 1D
- -0.02%
- 1M
- 0.18%
- 6M
- 2.09%
- YTD
- 2.39%
- 1Y
- 3.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $770.97K | $775.91K | $730.76K | |
| $764.43K | $792.49K | $2.11M |
KPDD vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPDD KraneShares 2x Long PDD Daily ETF | -45.34% | -26.34% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 2.39% | 3.45% |
Correlation
The correlation between KPDD and IBID is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | -0.12 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KPDD vs. IBID — Risk / Return Rank
KPDD
IBID
KPDD vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long PDD Daily ETF (KPDD) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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 | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.80 | ||
| Sortino ratioReturn per unit of downside risk | -5.88 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.66 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 6.50 | -7.11 |
| Martin ratioReturn relative to average drawdown | -1.05 | 22.86 | -23.91 |
Loading charts...
Drawdowns
KPDD vs. IBID - Drawdown Comparison
The maximum KPDD drawdown since its inception was -77.47%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for KPDD and IBID.
Loading charts...
Drawdown Indicators
| KPDD | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.47% | -1.28% | -76.19% |
Max Drawdown (1Y)Largest decline over 1 year | -75.88% | -0.55% | -75.33% |
Current DrawdownCurrent decline from peak | -66.76% | -0.11% | -66.65% |
Average DrawdownAverage peak-to-trough decline | -41.10% | -0.22% | -40.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.45% | 0.16% | +44.29% |
Volatility
KPDD vs. IBID - Volatility Comparison
KraneShares 2x Long PDD Daily ETF (KPDD) has a higher volatility of 15.80% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.32%. This indicates that KPDD's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KPDD | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.80% | 0.32% | +15.48% |
Volatility (6M)Calculated over the trailing 6-month period | 52.87% | 0.92% | +51.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.20% | 1.16% | +66.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.03% | 2.21% | +71.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.03% | 2.21% | +71.82% |
KPDD vs. IBID - Expense Ratio Comparison
KPDD has a 1.27% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
KPDD vs. IBID - Dividend Comparison
KPDD's dividend yield for the trailing twelve months is around 105.88%, more than IBID's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 4.90% | 4.43% | 4.24% | 0.81% |
KPDD KraneShares 2x Long PDD Daily ETF | 105.88% | 57.87% | 0.00% | 0.00% |
Frequently Asked Questions
KPDD and IBID have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KPDD has higher volatility (15.80%) compared to IBID (0.32%). In terms of maximum drawdown, KPDD dropped -77.47% vs IBID's -1.28%.
On 1-year performance, IBID leads with 3.56% vs -46.58% for KPDD. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBID has performed better with a 3.56% return vs -46.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 1.27% for KPDD.
KPDD has the higher dividend yield at 105.88%, compared with 4.90% for IBID.
KPDD is categorized as Leveraged Equities, while IBID is Inflation-Protected Bonds. KPDD tracks PDD Holdings Inc. ADR (PDD), while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: KraneShares and iShares. Their fees differ too: 1.27% for KPDD and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.10 vs -0.70), 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.
Find the right allocation for KPDD and IBID
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer