OBOR vs. NBIS
OBOR (KraneShares MSCI One Belt One Road Index ETF) is Emerging Markets Equities fund tracking the MSCI Global China Infrastructure Exposure, while NBIS (Nebius Group N.V.) is a stock. Over the past year, OBOR returned 12.75% vs 266.17% for NBIS. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
OBOR vs. NBIS - Performance Comparison
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Returns By Period
In the year-to-date period, OBOR achieves a 0.11% return, which is significantly lower than NBIS's 127.48% return.
OBOR
- 1D
- -0.46%
- 1M
- 2.33%
- 6M
- -6.55%
- YTD
- 0.11%
- 1Y
- 12.75%
- 3Y*
- 9.00%
- 5Y*
- 0.52%
- 10Y*
- —
- ALL TIME*
- 3.24%
NBIS
- 1D
- 1.05%
- 1M
- -11.69%
- 6M
- 123.51%
- YTD
- 127.48%
- 1Y
- 266.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 265.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.73B | $4.16B | $4.21B | |
| $4.43K | $6.82K | $15.71K |
OBOR vs. NBIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OBOR KraneShares MSCI One Belt One Road Index ETF | 0.11% | 27.86% | -2.48% |
NBIS Nebius Group N.V. | 127.48% | 202.18% | 46.25% |
Correlation
The correlation between OBOR and NBIS is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2024 | 0.20 |
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Return for Risk
OBOR vs. NBIS — Risk / Return Rank
OBOR
NBIS
OBOR vs. NBIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI One Belt One Road Index ETF (OBOR) and Nebius Group N.V. (NBIS). 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.
| OBOR | NBIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.34 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 5.21 | -4.34 |
| Martin ratioReturn relative to average drawdown | 1.99 | 11.53 | -9.54 |
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Drawdowns
OBOR vs. NBIS - Drawdown Comparison
The maximum OBOR drawdown since its inception was -41.54%, smaller than the maximum NBIS drawdown of -58.27%. Use the drawdown chart below to compare losses from any high point for OBOR and NBIS.
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Drawdown Indicators
| OBOR | NBIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.54% | -58.27% | +16.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -48.30% | +33.35% |
Max Drawdown (3Y)Largest decline over 3 years | -18.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.00% | — | — |
Current DrawdownCurrent decline from peak | -11.67% | -33.58% | +21.91% |
Average DrawdownAverage peak-to-trough decline | -15.91% | -19.18% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.48% | 21.79% | -15.31% |
Volatility
OBOR vs. NBIS - Volatility Comparison
The current volatility for KraneShares MSCI One Belt One Road Index ETF (OBOR) is 4.35%, while Nebius Group N.V. (NBIS) has a volatility of 45.48%. This indicates that OBOR experiences smaller price fluctuations and is considered to be less risky than NBIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBOR | NBIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 45.48% | -41.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 83.51% | -68.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.10% | 113.57% | -96.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 113.26% | -97.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 113.26% | -94.75% |
Dividends
OBOR vs. NBIS - Dividend Comparison
OBOR's dividend yield for the trailing twelve months is around 1.94%, while NBIS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NBIS Nebius Group N.V. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OBOR KraneShares MSCI One Belt One Road Index ETF | 1.94% | 1.94% | 3.87% | 3.40% | 4.75% | 3.26% | 2.04% | 4.33% | 0.02% | 0.10% |
Frequently Asked Questions
OBOR and NBIS have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBIS has higher volatility (45.48%) compared to OBOR (4.35%). In terms of maximum drawdown, OBOR dropped -41.54% vs NBIS's -58.27%.
NBIS currently has the higher Sharpe Ratio (2.22 vs 0.76), 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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