PBRG vs. KBDU

Last updated Jul 11, 2026

PBRG (Leverage Shares 2X Long PBR Daily ETF) and KBDU (KraneShares 2X Long BIDU Daily ETF) are both exchange-traded funds - PBRG is a Leveraged Equities fund tracking the Petroleo Brasileiro S.A. (PBR), while KBDU is a China Equities fund actively managed by KraneShares. PBRG is passively managed, while KBDU is actively managed. At a correlation of -0.02, they often move in opposite directions. PBRG charges 0.75%/yr vs 1.26%/yr for KBDU.

Performance

PBRG vs. KBDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PBR Daily ETF (PBRG) and KraneShares 2X Long BIDU Daily ETF (KBDU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBRG achieves a 97.07% return, which is significantly higher than KBDU's -33.62% return.

PBRG

• 1D: 3.66%
• 1M: -12.33%
• 6M: 96.94%
• YTD: 97.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KBDU

• 1D: -0.01%
• 1M: 0.39%
• 6M: -43.90%
• YTD: -33.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBRG vs. KBDU - Yearly Performance Comparison

	2026 (YTD)	2025
PBRG Leverage Shares 2X Long PBR Daily ETF	97.07%	6.30%
KBDU KraneShares 2X Long BIDU Daily ETF	-33.62%	18.31%

Correlation

The correlation between PBRG and KBDU is -0.02, 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 (All Time) Calculated using the full available price history since Dec 18, 2025	-0.02

Return for Risk

PBRG vs. KBDU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) 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.

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

Drawdowns

PBRG vs. KBDU - Drawdown Comparison

The maximum PBRG drawdown since its inception was -47.87%, smaller than the maximum KBDU drawdown of -64.77%. Use the drawdown chart below to compare losses from any high point for PBRG and KBDU.

Drawdown Indicators

	PBRG	KBDU	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-64.77%	+16.90%
Current Drawdown Current decline from peak	-38.99%	-55.60%	+16.61%
Average Drawdown Average peak-to-trough decline	-12.18%	-33.10%	+20.92%

Volatility

Volatility by Period

	PBRG	KBDU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	69.01%	103.14%	-34.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.01%	103.14%	-34.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.01%	103.14%	-34.13%

PBRG vs. KBDU - Expense Ratio Comparison

PBRG has a 0.75% expense ratio, which is lower than KBDU's 1.26% expense ratio.

Dividends

PBRG vs. KBDU - Dividend Comparison

Neither PBRG nor KBDU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PBRG and KBDU in my portfolio?

PBRG and KBDU have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBRG or KBDU?

On fees, PBRG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBRG or KBDU?

PBRG is cheaper with a 0.75% expense ratio, compared with 1.26% for KBDU.

Which ETF pays a higher dividend yield, PBRG or KBDU?

PBRG and KBDU have nearly identical dividend yields, around 0.00%.

What is the main difference between PBRG and KBDU?

PBRG is categorized as Leveraged Equities, while KBDU is China Equities. They also come from different issuers: Leverage Shares and KraneShares. Their fees differ too: 0.75% for PBRG and 1.26% for KBDU.