KURE vs. KBND

Last updated Jun 4, 2026

KURE (KraneShares MSCI All China Health Care Index ETF) and KBND (KraneShares Bloomberg China Bond Inclusion Index ETF) are both exchange-traded funds - KURE is a China Equities fund tracking the MSCI China All Shares Health Care 10/40 Index, while KBND is a International Government Bonds fund tracking the KBND-US - Bloomberg China Inclusion Focused Bond Index. Both are passively managed. At a 0.16 correlation, their price movements are largely independent. KURE charges 0.65%/yr vs 0.50%/yr for KBND.

Performance

KURE vs. KBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares MSCI All China Health Care Index ETF (KURE) and KraneShares Bloomberg China Bond Inclusion Index ETF (KBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KURE

• 1D: -2.87%
• 1M: -12.23%
• YTD: -10.68%
• 6M: -15.54%
• 1Y: -5.05%
• 3Y*: -6.04%
• 5Y*: -16.33%
• 10Y*: —

KBND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KURE vs. KBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KURE KraneShares MSCI All China Health Care Index ETF	-10.68%	24.87%	-17.83%	-17.70%	-25.43%	-16.01%	68.97%	34.30%	-30.07%
KBND KraneShares Bloomberg China Bond Inclusion Index ETF	0.00%	0.00%	0.89%	3.13%	-6.81%	4.41%	9.38%	1.25%	-4.42%

Correlation

The correlation between KURE and KBND is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Feb 2, 2018	0.16

Return for Risk

KURE vs. KBND — Risk / Return Rank

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

KURE

KURE Risk / Return Rank: 7
KURE Sharpe Ratio Rank: 7
KURE Sortino Ratio Rank: 7
KURE Omega Ratio Rank: 7
KURE Calmar Ratio Rank: 7
KURE Martin Ratio Rank: 7

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.

KURE vs. KBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index ETF (KURE) and KraneShares Bloomberg China Bond Inclusion Index ETF (KBND). 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.

	KURE	KBND	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	—	—
Sortino ratio: Return per unit of downside risk	-0.09	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.18	—	—
Martin ratio: Return relative to average drawdown	-0.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KURE	KBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	—	—

Drawdowns

Drawdown Indicators

	KURE	KBND	Difference
Max Drawdown Largest peak-to-trough decline	-68.53%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-27.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-34.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-67.94%	—	—
Current Drawdown Current decline from peak	-61.11%	—	—
Average Drawdown Average peak-to-trough decline	-38.07%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	13.13%	—	—

Volatility

Volatility by Period

	KURE	KBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.86%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.39%	—	—

KURE vs. KBND - Expense Ratio Comparison

KURE has a 0.65% expense ratio, which is higher than KBND's 0.50% expense ratio.

Dividends

KURE vs. KBND - Dividend Comparison

KURE's dividend yield for the trailing twelve months is around 4.70%, while KBND has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBND KraneShares Bloomberg China Bond Inclusion Index ETF	0.00%	0.00%	0.40%	2.20%	2.51%	6.97%	2.27%	3.47%	4.98%	0.00%	0.04%	1.16%
KURE KraneShares MSCI All China Health Care Index ETF	4.70%	4.19%	1.29%	0.65%	0.05%	14.12%	0.00%	0.25%	0.21%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KURE and KBND in my portfolio?

KURE and KBND have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KURE or KBND?

On fees, KBND is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KURE or KBND?

KBND is cheaper with a 0.50% expense ratio, compared with 0.65% for KURE.

Which ETF pays a higher dividend yield, KURE or KBND?

KURE has the higher dividend yield at 4.70%, compared with 0.00% for KBND.

What is the main difference between KURE and KBND?

KURE is categorized as China Equities, while KBND is International Government Bonds. KURE tracks MSCI China All Shares Health Care 10/40 Index, while KBND tracks KBND-US - Bloomberg China Inclusion Focused Bond Index. Their fees differ too: 0.65% for KURE and 0.50% for KBND.