KPRO vs. KBDU
KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) and KBDU (KraneShares 2X Long BIDU Daily ETF) are both exchange-traded funds - KPRO is a Options Trading fund actively managed by KraneShares, while KBDU is a Leveraged Equities fund actively managed by KraneShares. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. KPRO charges 0.95%/yr vs 1.26%/yr for KBDU.
Performance
KPRO vs. KBDU - Performance Comparison
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Returns By Period
In the year-to-date period, KPRO achieves a -6.26% return, which is significantly higher than KBDU's -43.24% return.
KPRO
- 1D
- -0.07%
- 1M
- -1.30%
- YTD
- -6.26%
- 6M
- -11.97%
- 1Y
- -5.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KBDU
- 1D
- -4.63%
- 1M
- -31.14%
- YTD
- -43.24%
- 6M
- -36.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KPRO vs. KBDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | -6.26% | -4.87% |
KBDU KraneShares 2X Long BIDU Daily ETF | -43.24% | 19.79% |
Correlation
The correlation between KPRO and KBDU is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.59 |
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Return for Risk
KPRO vs. KBDU — Risk / Return Rank
KPRO
KBDU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KPRO vs. KBDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) and KraneShares 2X Long BIDU Daily ETF (KBDU). 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.
| KPRO | KBDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.89 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | — | — |
| Martin ratioReturn relative to average drawdown | -0.77 | — | — |
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Drawdowns
KPRO vs. KBDU - Drawdown Comparison
The maximum KPRO drawdown since its inception was -12.98%, smaller than the maximum KBDU drawdown of -62.04%. Use the drawdown chart below to compare losses from any high point for KPRO and KBDU.
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Drawdown Indicators
| KPRO | KBDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.98% | -62.04% | +49.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | — | — |
Current DrawdownCurrent decline from peak | -12.98% | -62.04% | +49.06% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -31.20% | +28.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | — | — |
Volatility
KPRO vs. KBDU - Volatility Comparison
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Volatility by Period
| KPRO | KBDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 102.66% | -93.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 102.66% | -94.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.77% | 102.66% | -94.89% |
KPRO vs. KBDU - Expense Ratio Comparison
KPRO has a 0.95% expense ratio, which is lower than KBDU's 1.26% expense ratio.
Dividends
KPRO vs. KBDU - Dividend Comparison
KPRO's dividend yield for the trailing twelve months is around 2.83%, while KBDU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KBDU KraneShares 2X Long BIDU Daily ETF | 0.00% | 0.00% | 0.00% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | 2.83% | 2.65% | 3.70% |
Frequently Asked Questions
KPRO and KBDU have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KPRO is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KPRO is cheaper with a 0.95% expense ratio, compared with 1.26% for KBDU.
KPRO has the higher dividend yield at 2.83%, compared with 0.00% for KBDU.
KPRO is categorized as Options Trading, while KBDU is Leveraged Equities. Their fees differ too: 0.95% for KPRO and 1.26% for KBDU.
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