KPDD vs. RBIL

Last updated Aug 4, 2026

KPDD (KraneShares 2x Long PDD Daily ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - KPDD is a Leveraged Equities fund tracking the PDD Holdings Inc. ADR (PDD), while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, KPDD returned -46.58% vs 3.92% for RBIL. Their -0.13 correlation means they have often moved in opposite directions in the past. KPDD charges 1.27%/yr vs 0.17%/yr for RBIL.

Performance

KPDD vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2x Long PDD Daily ETF (KPDD) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KPDD achieves a -45.34% return, which is significantly lower than RBIL's 2.68% return.

KPDD

• 1D: 3.63%
• 1M: 17.82%
• 6M: -32.91%
• YTD: -45.34%
• 1Y: -46.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -47.94%

RBIL

• 1D: -0.02%
• 1M: 0.24%
• 6M: 2.36%
• YTD: 2.68%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KPDD KraneShares 2x Long PDD Daily ETF	$764.43K	$792.49K	$2.11M
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	$1.11M	$1.90M	$2.32M

KPDD vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
KPDD KraneShares 2x Long PDD Daily ETF	-45.34%	-26.34%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.68%	2.65%

Correlation

The correlation between KPDD and RBIL is -0.15, 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.	-0.15
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025	-0.13

Return for Risk

KPDD vs. RBIL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KPDD

KPDD Risk / Return Rank: 4
KPDD Sharpe Ratio Rank: 3
KPDD Sortino Ratio Rank: 4
KPDD Omega Ratio Rank: 4
KPDD Calmar Ratio Rank: 4
KPDD Martin Ratio Rank: 4

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 98
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 97
RBIL Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KPDD vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long PDD Daily ETF (KPDD) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	4.11	-4.80
Sortino ratio: Return per unit of downside risk	-0.80	6.33	-7.13
Omega ratio: Gain probability vs. loss probability	0.90	2.05	-1.15
Calmar ratio: Return relative to maximum drawdown	-0.62	7.00	-7.62
Martin ratio: Return relative to average drawdown	-1.05	28.60	-29.65

KPDD vs. RBIL - Sharpe Ratio Comparison

The current KPDD Sharpe Ratio is -0.70, which is lower than the RBIL Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of KPDD and RBIL, 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. RBIL - Drawdown Comparison

The maximum KPDD drawdown since its inception was -77.47%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for KPDD and RBIL.

Drawdown Indicators

	KPDD	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-77.47%	-0.56%	-76.91%
Max Drawdown (1Y) Largest decline over 1 year	-75.88%	-0.56%	-75.32%
Current Drawdown Current decline from peak	-66.76%	-0.15%	-66.61%
Average Drawdown Average peak-to-trough decline	-41.10%	-0.08%	-41.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.45%	0.14%	+44.31%

Volatility

KPDD vs. RBIL - Volatility Comparison

KraneShares 2x Long PDD Daily ETF (KPDD) has a higher volatility of 15.80% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.30%. This indicates that KPDD's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KPDD	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.80%	0.30%	+15.50%
Volatility (6M) Calculated over the trailing 6-month period	52.87%	0.90%	+51.97%
Volatility (1Y) Calculated over the trailing 1-year period	67.20%	0.96%	+66.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.03%	1.06%	+72.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.03%	1.06%	+72.97%

KPDD vs. RBIL - Expense Ratio Comparison

KPDD has a 1.27% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

KPDD vs. RBIL - Dividend Comparison

KPDD's dividend yield for the trailing twelve months is around 105.88%, more than RBIL's 4.16% yield.

Position	TTM	2025
KPDD KraneShares 2x Long PDD Daily ETF	105.88%	57.87%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.16%	3.65%

Frequently Asked Questions

Can I hold both KPDD and RBIL in my portfolio?

KPDD and RBIL have a correlation of -0.15, 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 RBIL?

KPDD has higher volatility (15.80%) compared to RBIL (0.30%). In terms of maximum drawdown, KPDD dropped -77.47% vs RBIL's -0.56%.

Which ETF is better, KPDD or RBIL?

On 1-year performance, RBIL leads with 3.92% vs -46.58% for KPDD. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KPDD or RBIL?

Over the 1-year period, RBIL has performed better with a 3.92% return vs -46.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KPDD or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 1.27% for KPDD.

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

KPDD has the higher dividend yield at 105.88%, compared with 4.16% for RBIL.

What is the main difference between KPDD and RBIL?

KPDD is categorized as Leveraged Equities, while RBIL is Inflation-Protected Bonds. KPDD tracks PDD Holdings Inc. ADR (PDD), while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: KraneShares and F/m. Their fees differ too: 1.27% for KPDD and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.11 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.