KPDD vs. KARS

Last updated Jun 4, 2026

KPDD (KraneShares 2x Long PDD Daily ETF) and KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) are both exchange-traded funds - KPDD is a Leveraged Equities fund tracking the PDD Holdings Inc. ADR (PDD), while KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index. Both are passively managed. Over the past year, KPDD returned -39.50% vs 69.84% for KARS. A 0.53 correlation means they provide meaningful diversification when combined. KPDD charges 1.27%/yr vs 0.72%/yr for KARS.

Performance

KPDD vs. KARS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2x Long PDD Daily ETF (KPDD) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KPDD achieves a -49.17% return, which is significantly lower than KARS's 16.24% return.

KPDD

• 1D: -6.41%
• 1M: -26.78%
• YTD: -49.17%
• 6M: -53.13%
• 1Y: -39.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KARS

• 1D: -3.32%
• 1M: -3.27%
• YTD: 16.24%
• 6M: 17.45%
• 1Y: 69.84%
• 3Y*: 6.58%
• 5Y*: -2.35%
• 10Y*: —

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

KPDD vs. KARS - Yearly Performance Comparison

	2026 (YTD)	2025
KPDD KraneShares 2x Long PDD Daily ETF	-49.17%	-25.58%
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	16.24%	36.83%

Correlation

The correlation between KPDD and KARS is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025	0.53

The correlation between KPDD and KARS has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.

KPDD vs. KARS - Sectors Allocation Comparison

Sectors	KPDD	KARS
Consumer Cyclical	100.0%	34.3%
Basic Materials	-	26.6%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	21.9%
Real Estate	-	-
Technology	-	17.2%
Utilities	-	-

Return for Risk

KPDD vs. KARS — Risk / Return Rank

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

KPDD

KPDD Risk / Return Rank: 4
KPDD Sharpe Ratio Rank: 4
KPDD Sortino Ratio Rank: 4
KPDD Omega Ratio Rank: 4
KPDD Calmar Ratio Rank: 4
KPDD Martin Ratio Rank: 4

KARS

KARS Risk / Return Rank: 82
KARS Sharpe Ratio Rank: 82
KARS Sortino Ratio Rank: 73
KARS Omega Ratio Rank: 72
KARS Calmar Ratio Rank: 93
KARS Martin Ratio Rank: 88

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. KARS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long PDD Daily ETF (KPDD) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS). 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.

	KPDD	KARS	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	2.71	-3.32
Sortino ratio: Return per unit of downside risk	-0.59	3.33	-3.92
Omega ratio: Gain probability vs. loss probability	0.92	1.43	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.58	6.97	-7.55
Martin ratio: Return relative to average drawdown	-1.14	19.68	-20.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KPDD vs. KARS - Sharpe Ratio Comparison

The current KPDD Sharpe Ratio is -0.61, which is lower than the KARS Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of KPDD and KARS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KPDD	KARS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	2.71	-3.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.74	0.20	-0.93

Drawdowns

KPDD vs. KARS - Drawdown Comparison

The maximum KPDD drawdown since its inception was -70.57%, which is greater than KARS's maximum drawdown of -64.85%. Use the drawdown chart below to compare losses from any high point for KPDD and KARS.

Drawdown Indicators

	KPDD	KARS	Difference
Max Drawdown Largest peak-to-trough decline	-70.57%	-64.85%	-5.72%
Max Drawdown (1Y) Largest decline over 1 year	-68.49%	-10.08%	-58.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-47.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-64.85%	—
Current Drawdown Current decline from peak	-69.09%	-29.15%	-39.94%
Average Drawdown Average peak-to-trough decline	-37.19%	-28.32%	-8.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.59%	3.56%	+31.03%

Volatility

KPDD vs. KARS - Volatility Comparison

KraneShares 2x Long PDD Daily ETF (KPDD) has a higher volatility of 34.05% compared to KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) at 9.00%. This indicates that KPDD's price experiences larger fluctuations and is considered to be riskier than KARS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KPDD	KARS	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.05%	9.00%	+25.05%
Volatility (6M) Calculated over the trailing 6-month period	51.37%	18.66%	+32.71%
Volatility (1Y) Calculated over the trailing 1-year period	64.76%	25.97%	+38.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.72%	29.78%	+44.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.72%	29.29%	+45.43%

KPDD vs. KARS - Expense Ratio Comparison

KPDD has a 1.27% expense ratio, which is higher than KARS's 0.72% expense ratio.

Dividends

KPDD vs. KARS - Dividend Comparison

KPDD's dividend yield for the trailing twelve months is around 113.85%, more than KARS's 0.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	0.16%	0.18%	0.78%	0.88%	1.13%	6.73%	0.14%	1.85%	1.38%
KPDD KraneShares 2x Long PDD Daily ETF	113.85%	57.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KPDD and KARS in my portfolio?

KPDD and KARS have a correlation of 0.52, 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 KARS?

KPDD has higher volatility (34.05%) compared to KARS (9.00%). In terms of maximum drawdown, KPDD dropped -70.57% vs KARS's -64.85%.

Which ETF is better, KPDD or KARS?

On 1-year performance, KARS leads with 69.84% vs -39.50% for KPDD. On fees, KARS is cheaper at 0.72% per year. On volatility, KARS has been the lower-risk option at 9.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KPDD or KARS?

Over the 1-year period, KARS has performed better with a 69.84% return vs -39.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KPDD or KARS?

KARS is cheaper with a 0.72% expense ratio, compared with 1.27% for KPDD.

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

KPDD has the higher dividend yield at 113.85%, compared with 0.16% for KARS.

What is the main difference between KPDD and KARS?

KPDD is categorized as Leveraged Equities, while KARS is Industrials Equities. KPDD tracks PDD Holdings Inc. ADR (PDD), while KARS tracks Bloomberg Electric Vehicles Index. Their fees differ too: 1.27% for KPDD and 0.72% for KARS.

Which has better risk-adjusted returns?

KARS currently has the higher Sharpe Ratio (2.71 vs -0.61), 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.