KPDD vs. STPZ
KPDD (KraneShares 2x Long PDD Daily ETF) and STPZ (PIMCO 1-5 Year US TIPS Index ETF) are both exchange-traded funds - KPDD is a Leveraged Equities fund tracking the PDD Holdings Inc. ADR (PDD), while STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y). Both are passively managed. Over the past year, KPDD returned -46.58% vs 2.60% for STPZ. Their -0.11 correlation means they have often moved in opposite directions in the past. KPDD charges 1.27%/yr vs 0.20%/yr for STPZ.
Performance
KPDD vs. STPZ - Performance Comparison
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Returns By Period
In the year-to-date period, KPDD achieves a -45.34% return, which is significantly lower than STPZ's 1.47% return.
KPDD
- 1D
- 3.63%
- 1M
- 17.82%
- 6M
- -32.91%
- YTD
- -45.34%
- 1Y
- -46.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -47.94%
STPZ
- 1D
- 0.02%
- 1M
- 0.06%
- 6M
- 1.12%
- YTD
- 1.47%
- 1Y
- 2.60%
- 3Y*
- 4.85%
- 5Y*
- 2.62%
- 10Y*
- 2.82%
- ALL TIME*
- 2.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $764.43K | $792.49K | $2.11M | |
| $3.45M | $3.35M | $4.10M |
KPDD vs. STPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPDD KraneShares 2x Long PDD Daily ETF | -45.34% | -26.34% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.47% | 3.98% |
Correlation
The correlation between KPDD and STPZ is -0.12, 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. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | -0.11 |
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Return for Risk
KPDD vs. STPZ — Risk / Return Rank
KPDD
STPZ
KPDD vs. STPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long PDD Daily ETF (KPDD) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). 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 | STPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.26 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 2.80 | -3.42 |
| Martin ratioReturn relative to average drawdown | -1.05 | 7.50 | -8.55 |
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Drawdowns
KPDD vs. STPZ - Drawdown Comparison
The maximum KPDD drawdown since its inception was -77.47%, which is greater than STPZ's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for KPDD and STPZ.
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Drawdown Indicators
| KPDD | STPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.47% | -6.77% | -70.70% |
Max Drawdown (1Y)Largest decline over 1 year | -75.88% | -0.93% | -74.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.77% | — |
Current DrawdownCurrent decline from peak | -66.76% | -0.43% | -66.33% |
Average DrawdownAverage peak-to-trough decline | -41.10% | -1.30% | -39.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.45% | 0.35% | +44.10% |
Volatility
KPDD vs. STPZ - Volatility Comparison
KraneShares 2x Long PDD Daily ETF (KPDD) has a higher volatility of 15.80% compared to PIMCO 1-5 Year US TIPS Index ETF (STPZ) at 0.46%. This indicates that KPDD's price experiences larger fluctuations and is considered to be riskier than STPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KPDD | STPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.80% | 0.46% | +15.34% |
Volatility (6M)Calculated over the trailing 6-month period | 52.87% | 1.44% | +51.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.20% | 1.87% | +65.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.03% | 3.28% | +70.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.03% | 2.98% | +71.05% |
KPDD vs. STPZ - Expense Ratio Comparison
KPDD has a 1.27% expense ratio, which is higher than STPZ's 0.20% expense ratio.
Dividends
KPDD vs. STPZ - Dividend Comparison
KPDD's dividend yield for the trailing twelve months is around 105.88%, more than STPZ's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KPDD KraneShares 2x Long PDD Daily ETF | 105.88% | 57.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 5.27% | 3.65% | 1.97% | 1.63% | 5.88% | 3.65% | 1.86% | 1.76% | 2.23% | 1.51% | 0.65% | 0.49% |
Frequently Asked Questions
KPDD and STPZ have a correlation of -0.12, 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 STPZ (0.46%). In terms of maximum drawdown, KPDD dropped -77.47% vs STPZ's -6.77%.
On 1-year performance, STPZ leads with 2.60% vs -46.58% for KPDD. On fees, STPZ is cheaper at 0.20% per year. On volatility, STPZ has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, STPZ has performed better with a 2.60% return vs -46.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STPZ is cheaper with a 0.20% expense ratio, compared with 1.27% for KPDD.
KPDD has the higher dividend yield at 105.88%, compared with 5.27% for STPZ.
KPDD is categorized as Leveraged Equities, while STPZ is Inflation-Protected Bonds. KPDD tracks PDD Holdings Inc. ADR (PDD), while STPZ tracks ICE BofA US Inflation-Linked Treasury (1-5 Y). They also come from different issuers: KraneShares and PIMCO. Their fees differ too: 1.27% for KPDD and 0.20% for STPZ.
STPZ currently has the higher Sharpe Ratio (1.40 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.
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