KVLE vs. KBND

Last updated Jun 25, 2026

KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and KBND (KraneShares Bloomberg China Bond Inclusion Index ETF) are both exchange-traded funds - KVLE is a Large Cap Value Equities fund tracking the 3D/L Value Line Dynamic Core Equity 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 0.05 correlation, their price movements are largely independent. KVLE charges 0.56%/yr vs 0.50%/yr for KBND.

Performance

KVLE vs. KBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and KraneShares Bloomberg China Bond Inclusion Index ETF (KBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KVLE

• 1D: 0.58%
• 1M: 0.76%
• YTD: 9.90%
• 6M: 8.40%
• 1Y: 17.26%
• 3Y*: 14.58%
• 5Y*: 10.02%
• 10Y*: —

KBND

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

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

KVLE vs. KBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KVLE KFA Value Liner Dynamic Core Equity Index ETF	9.90%	9.34%	18.25%	10.49%	-5.96%	28.01%	1.71%
KBND KraneShares Bloomberg China Bond Inclusion Index ETF	0.00%	0.00%	0.89%	3.13%	-6.81%	4.41%	1.08%

Correlation

The correlation between KVLE and KBND is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020	0.05

Return for Risk

KVLE vs. KBND — Risk / Return Rank

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

KVLE

KVLE Risk / Return Rank: 47
KVLE Sharpe Ratio Rank: 50
KVLE Sortino Ratio Rank: 51
KVLE Omega Ratio Rank: 49
KVLE Calmar Ratio Rank: 40
KVLE Martin Ratio Rank: 46

KBND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

KVLE vs. KBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) 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.

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.

	KVLE	KBND	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.20	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	6.89	—	—

Drawdowns

Drawdown Indicators

	KVLE	KBND	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.38%	—	—
Current Drawdown Current decline from peak	-1.19%	—	—
Average Drawdown Average peak-to-trough decline	-3.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	—	—

Volatility

Volatility by Period

	KVLE	KBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.32%	—	—

KVLE vs. KBND - Expense Ratio Comparison

KVLE has a 0.56% expense ratio, which is higher than KBND's 0.50% expense ratio.

Dividends

KVLE vs. KBND - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 7.32%, 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%
KVLE KFA Value Liner Dynamic Core Equity Index ETF	7.32%	7.90%	7.99%	2.53%	5.78%	9.51%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KVLE and KBND in my portfolio?

KVLE and KBND have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KVLE 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, KVLE or KBND?

KBND is cheaper with a 0.50% expense ratio, compared with 0.56% for KVLE.

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

KVLE has the higher dividend yield at 7.32%, compared with 0.00% for KBND.

What is the main difference between KVLE and KBND?

KVLE is categorized as Large Cap Value Equities, while KBND is International Government Bonds. KVLE tracks 3D/L Value Line Dynamic Core Equity Index, while KBND tracks KBND-US - Bloomberg China Inclusion Focused Bond Index. Their fees differ too: 0.56% for KVLE and 0.50% for KBND.