KTEC vs. KBAB

Last updated Jun 4, 2026

KTEC (KraneShares Hang Seng TECH Index ETF) and KBAB (KraneShares 2x Long BABA Daily ETF) are both exchange-traded funds - KTEC is a China Equities fund tracking the Hang Seng Tech Index, while KBAB is a Leveraged Equities fund actively managed by KraneShares. KTEC is passively managed, while KBAB is actively managed. Over the past year, KTEC returned -8.17% vs -3.50% for KBAB. A 0.79 correlation means they provide meaningful diversification when combined. KTEC charges 0.69%/yr vs 1.00%/yr for KBAB.

Performance

KTEC vs. KBAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Hang Seng TECH Index ETF (KTEC) and KraneShares 2x Long BABA Daily ETF (KBAB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KTEC achieves a -11.17% return, which is significantly higher than KBAB's -33.01% return.

KTEC

• 1D: -3.20%
• 1M: -0.29%
• YTD: -11.17%
• 6M: -12.80%
• 1Y: -8.17%
• 3Y*: 7.14%
• 5Y*: —
• 10Y*: —

KBAB

• 1D: -4.79%
• 1M: -11.26%
• YTD: -33.01%
• 6M: -43.16%
• 1Y: -3.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KTEC vs. KBAB - Yearly Performance Comparison

	2026 (YTD)	2025
KTEC KraneShares Hang Seng TECH Index ETF	-11.17%	-8.02%
KBAB KraneShares 2x Long BABA Daily ETF	-33.01%	-7.77%

Correlation

The correlation between KTEC and KBAB is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025	0.79

The correlation between KTEC and KBAB has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

KTEC vs. KBAB - Sectors Allocation Comparison

Sectors	KTEC	KBAB
Consumer Cyclical	48.6%	100.0%
Communication Services	27.6%	-
Technology	21.3%	-
Healthcare	2.5%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

KTEC vs. KBAB — Risk / Return Rank

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

KTEC

KTEC Risk / Return Rank: 6
KTEC Sharpe Ratio Rank: 6
KTEC Sortino Ratio Rank: 6
KTEC Omega Ratio Rank: 6
KTEC Calmar Ratio Rank: 6
KTEC Martin Ratio Rank: 6

KBAB

KBAB Risk / Return Rank: 11
KBAB Sharpe Ratio Rank: 9
KBAB Sortino Ratio Rank: 14
KBAB Omega Ratio Rank: 13
KBAB Calmar Ratio Rank: 8
KBAB Martin Ratio Rank: 8

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.

KTEC vs. KBAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) and KraneShares 2x Long BABA Daily ETF (KBAB). 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.

	KTEC	KBAB	Difference
Sharpe ratio Return per unit of total volatility	-0.29	-0.04	-0.25
Sortino ratio Return per unit of downside risk	-0.24	0.64	-0.87
Omega ratio Gain probability vs. loss probability	0.97	1.07	-0.09
Calmar ratio Return relative to maximum drawdown	-0.28	-0.05	-0.23
Martin ratio Return relative to average drawdown	-0.50	-0.10	-0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KTEC vs. KBAB - Sharpe Ratio Comparison

The current KTEC Sharpe Ratio is -0.29, which is lower than the KBAB Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of KTEC and KBAB, 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

	KTEC	KBAB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.29	-0.04	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	-0.36	+0.12

Drawdowns

KTEC vs. KBAB - Drawdown Comparison

The maximum KTEC drawdown since its inception was -66.90%, roughly equal to the maximum KBAB drawdown of -65.23%. Use the drawdown chart below to compare losses from any high point for KTEC and KBAB.

Drawdown Indicators

	KTEC	KBAB	Difference
Max Drawdown Largest peak-to-trough decline	-66.90%	-65.23%	-1.67%
Max Drawdown (1Y) Largest decline over 1 year	-29.36%	-65.23%	+35.87%
Max Drawdown (3Y) Largest decline over 3 years	-34.71%	—	—
Current Drawdown Current decline from peak	-43.95%	-62.27%	+18.32%
Average Drawdown Average peak-to-trough decline	-43.97%	-37.38%	-6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.26%	36.47%	-20.21%

Volatility

KTEC vs. KBAB - Volatility Comparison

The current volatility for KraneShares Hang Seng TECH Index ETF (KTEC) is 10.62%, while KraneShares 2x Long BABA Daily ETF (KBAB) has a volatility of 28.62%. This indicates that KTEC experiences smaller price fluctuations and is considered to be less risky than KBAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KTEC	KBAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.62%	28.62%	-18.00%
Volatility (6M) Calculated over the trailing 6-month period	20.56%	57.54%	-36.98%
Volatility (1Y) Calculated over the trailing 1-year period	28.01%	87.64%	-59.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.22%	91.00%	-47.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.22%	91.00%	-47.78%

KTEC vs. KBAB - Expense Ratio Comparison

KTEC has a 0.69% expense ratio, which is lower than KBAB's 1.00% expense ratio.

Dividends

KTEC vs. KBAB - Dividend Comparison

KTEC's dividend yield for the trailing twelve months is around 3.78%, less than KBAB's 89.39% yield.

Position	TTM	2025	2024	2023	2022
KBAB KraneShares 2x Long BABA Daily ETF	89.39%	59.88%	0.00%	0.00%	0.00%
KTEC KraneShares Hang Seng TECH Index ETF	3.78%	3.36%	0.27%	0.81%	0.16%

Frequently Asked Questions

Can I hold both KTEC and KBAB in my portfolio?

KTEC and KBAB have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KTEC or KBAB?

KBAB has higher volatility (28.62%) compared to KTEC (10.62%). In terms of maximum drawdown, KTEC dropped -66.90% vs KBAB's -65.23%.

Which ETF is better, KTEC or KBAB?

On 1-year performance, KBAB leads with -3.50% vs -8.17% for KTEC. On fees, KTEC is cheaper at 0.69% per year. On volatility, KTEC has been the lower-risk option at 10.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KTEC or KBAB?

Over the 1-year period, KBAB has performed better with a -3.50% return vs -8.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KTEC or KBAB?

KTEC is cheaper with a 0.69% expense ratio, compared with 1.00% for KBAB.

Which ETF pays a higher dividend yield, KTEC or KBAB?

KBAB has the higher dividend yield at 89.39%, compared with 3.78% for KTEC.

What is the main difference between KTEC and KBAB?

KTEC is categorized as China Equities, while KBAB is Leveraged Equities. Their fees differ too: 0.69% for KTEC and 1.00% for KBAB.

Which has better risk-adjusted returns?

KBAB currently has the higher Sharpe Ratio (-0.04 vs -0.29), 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.