PQDI vs. KPRO
PQDI (Principal Spectrum Preferred and Income ETF) and KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) are both exchange-traded funds - PQDI is a Preferred Stock fund tracking the ICE BofA 7% Constrained DRD Eligible Preferred Securities Index, while KPRO is a Options Trading fund actively managed by KraneShares. PQDI is passively managed, while KPRO is actively managed. Over the past year, PQDI returned 5.21% vs -3.07% for KPRO. Their 0.28 correlation means their historical movements had little consistent relationship. PQDI charges 0.60%/yr vs 0.95%/yr for KPRO.
Performance
PQDI vs. KPRO - Performance Comparison
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Returns By Period
In the year-to-date period, PQDI achieves a 1.57% return, which is significantly higher than KPRO's -4.06% return.
PQDI
- 1D
- 0.26%
- 1M
- -0.57%
- 6M
- 0.87%
- YTD
- 1.57%
- 1Y
- 5.21%
- 3Y*
- 8.21%
- 5Y*
- 3.08%
- 10Y*
- —
- ALL TIME*
- 4.63%
KPRO
- 1D
- -0.03%
- 1M
- 1.80%
- 6M
- -5.11%
- YTD
- -4.06%
- 1Y
- -3.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.77K | $23.76K | $121.31K | |
| $194.13K | $147.05K | $129.07K |
PQDI vs. KPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PQDI Principal Spectrum Preferred and Income ETF | 1.57% | 8.46% | 8.92% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | -4.06% | 7.79% | 11.98% |
Correlation
The correlation between PQDI and KPRO is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024 | 0.28 |
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Return for Risk
PQDI vs. KPRO — Risk / Return Rank
PQDI
KPRO
PQDI vs. KPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred and Income ETF (PQDI) and KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO). 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.
| PQDI | KPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.94 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | -0.24 | +1.83 |
| Martin ratioReturn relative to average drawdown | 6.84 | -0.41 | +7.25 |
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Drawdowns
PQDI vs. KPRO - Drawdown Comparison
The maximum PQDI drawdown since its inception was -17.41%, which is greater than KPRO's maximum drawdown of -13.34%. Use the drawdown chart below to compare losses from any high point for PQDI and KPRO.
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Drawdown Indicators
| PQDI | KPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -13.34% | -4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -13.34% | +10.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | — | — |
Current DrawdownCurrent decline from peak | -0.67% | -10.93% | +10.26% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -3.02% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 7.70% | -6.93% |
Volatility
PQDI vs. KPRO - Volatility Comparison
The current volatility for Principal Spectrum Preferred and Income ETF (PQDI) is 0.92%, while KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) has a volatility of 1.40%. This indicates that PQDI experiences smaller price fluctuations and is considered to be less risky than KPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PQDI | KPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.40% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 4.69% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 8.86% | -5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 7.67% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 7.67% | -3.15% |
PQDI vs. KPRO - Expense Ratio Comparison
PQDI has a 0.60% expense ratio, which is lower than KPRO's 0.95% expense ratio.
Dividends
PQDI vs. KPRO - Dividend Comparison
PQDI's dividend yield for the trailing twelve months is around 5.58%, more than KPRO's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | 2.76% | 2.65% | 3.70% | 0.00% | 0.00% | 0.00% | 0.00% |
PQDI Principal Spectrum Preferred and Income ETF | 5.16% | 5.02% | 4.93% | 5.35% | 5.60% | 5.21% | 2.69% |
Frequently Asked Questions
PQDI and KPRO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KPRO has higher volatility (1.40%) compared to PQDI (0.92%). In terms of maximum drawdown, PQDI dropped -17.41% vs KPRO's -13.34%.
On 1-year performance, PQDI leads with 5.21% vs -3.07% for KPRO. On fees, PQDI is cheaper at 0.60% per year. On volatility, PQDI has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PQDI has performed better with a 5.21% return vs -3.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PQDI is cheaper with a 0.60% expense ratio, compared with 0.95% for KPRO.
PQDI has the higher dividend yield at 5.16%, compared with 2.76% for KPRO.
PQDI is categorized as Preferred Stock, while KPRO is Options Trading. They also come from different issuers: Principal and KraneShares. Their fees differ too: 0.60% for PQDI and 0.95% for KPRO.
PQDI currently has the higher Sharpe Ratio (1.57 vs -0.35), 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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