TCHI vs. KBAB

Last updated Aug 5, 2026

TCHI (iShares MSCI China Multisector Tech ETF) and KBAB (KraneShares 2x Long BABA Daily ETF) are both exchange-traded funds - TCHI is a Technology Equities fund tracking the MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net, while KBAB is a Leveraged Equities fund actively managed by KraneShares. TCHI is passively managed, while KBAB is actively managed. Over the past year, TCHI returned 16.31% vs -8.74% for KBAB. Their 0.65 correlation means they have sometimes moved together and sometimes differently. TCHI charges 0.59%/yr vs 1.00%/yr for KBAB.

Performance

TCHI vs. KBAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China Multisector Tech ETF (TCHI) and KraneShares 2x Long BABA Daily ETF (KBAB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCHI achieves a 2.18% return, which is significantly higher than KBAB's -33.61% return.

TCHI

• 1D: 2.79%
• 1M: -4.16%
• 6M: -0.87%
• YTD: 2.18%
• 1Y: 16.31%
• 3Y*: 10.94%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.31%

KBAB

• 1D: 2.37%
• 1M: 73.67%
• 6M: -44.68%
• YTD: -33.61%
• 1Y: -8.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -28.97%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KBAB KraneShares 2x Long BABA Daily ETF	$87.16K	$173.61K	$186.96K
TCHI iShares MSCI China Multisector Tech ETF	$300.26K	$346.07K	$396.84K

TCHI vs. KBAB - Yearly Performance Comparison

	2026 (YTD)	2025
TCHI iShares MSCI China Multisector Tech ETF	2.18%	11.77%
KBAB KraneShares 2x Long BABA Daily ETF	-33.61%	-6.56%

Correlation

The correlation between TCHI and KBAB is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025	0.65

The correlation between TCHI and KBAB has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.

TCHI vs. KBAB - Sectors Allocation Comparison

Sectors	TCHI	KBAB
Technology	52.9%	-
Consumer Cyclical	16.2%	100.0%
Communication Services	15.8%	-
Industrials	10.3%	-
Consumer Defensive	2.4%	-
Energy	0.7%	-
Financial Services	0.6%	-
Basic Materials	0.3%	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TCHI vs. KBAB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TCHI

TCHI Risk / Return Rank: 23
TCHI Sharpe Ratio Rank: 23
TCHI Sortino Ratio Rank: 24
TCHI Omega Ratio Rank: 23
TCHI Calmar Ratio Rank: 24
TCHI Martin Ratio Rank: 21

KBAB

KBAB Risk / Return Rank: 11
KBAB Sharpe Ratio Rank: 9
KBAB Sortino Ratio Rank: 16
KBAB Omega Ratio Rank: 15
KBAB Calmar Ratio Rank: 9
KBAB Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TCHI vs. KBAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Multisector Tech ETF (TCHI) and KraneShares 2x Long BABA Daily ETF (KBAB). 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.

	TCHI	KBAB	Difference
Sharpe ratio: Return per unit of total volatility	0.57	-0.10	+0.67
Sortino ratio: Return per unit of downside risk	0.97	0.56	+0.41
Omega ratio: Gain probability vs. loss probability	1.12	1.06	+0.06
Calmar ratio: Return relative to maximum drawdown	0.79	-0.11	+0.90
Martin ratio: Return relative to average drawdown	1.64	-0.19	+1.82

TCHI vs. KBAB - Sharpe Ratio Comparison

The current TCHI Sharpe Ratio is 0.57, which is higher than the KBAB Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of TCHI and KBAB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TCHI vs. KBAB - Drawdown Comparison

The maximum TCHI drawdown since its inception was -43.96%, smaller than the maximum KBAB drawdown of -78.98%. Use the drawdown chart below to compare losses from any high point for TCHI and KBAB.

Drawdown Indicators

	TCHI	KBAB	Difference
Max Drawdown Largest peak-to-trough decline	-43.96%	-78.98%	+35.02%
Max Drawdown (1Y) Largest decline over 1 year	-20.73%	-78.98%	+58.25%
Max Drawdown (3Y) Largest decline over 3 years	-27.78%	—	—
Current Drawdown Current decline from peak	-10.60%	-62.61%	+52.01%
Average Drawdown Average peak-to-trough decline	-20.96%	-41.34%	+20.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.99%	46.49%	-36.50%

Volatility

TCHI vs. KBAB - Volatility Comparison

The current volatility for iShares MSCI China Multisector Tech ETF (TCHI) is 10.62%, while KraneShares 2x Long BABA Daily ETF (KBAB) has a volatility of 27.58%. This indicates that TCHI experiences smaller price fluctuations and is considered to be less risky than KBAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCHI	KBAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.62%	27.58%	-16.96%
Volatility (6M) Calculated over the trailing 6-month period	21.50%	58.33%	-36.83%
Volatility (1Y) Calculated over the trailing 1-year period	28.67%	90.39%	-61.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.92%	90.78%	-55.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.92%	90.78%	-55.86%

TCHI vs. KBAB - Expense Ratio Comparison

TCHI has a 0.59% expense ratio, which is lower than KBAB's 1.00% expense ratio.

Dividends

TCHI vs. KBAB - Dividend Comparison

TCHI's dividend yield for the trailing twelve months is around 2.27%, less than KBAB's 90.20% yield.

Position	TTM	2025	2024	2023	2022
KBAB KraneShares 2x Long BABA Daily ETF	90.20%	59.88%	0.00%	0.00%	0.00%
TCHI iShares MSCI China Multisector Tech ETF	2.27%	2.44%	2.49%	4.28%	1.07%

Frequently Asked Questions

Can I hold both TCHI and KBAB in my portfolio?

TCHI and KBAB have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TCHI or KBAB?

KBAB has higher volatility (27.58%) compared to TCHI (10.62%). In terms of maximum drawdown, TCHI dropped -43.96% vs KBAB's -78.98%.

Which ETF is better, TCHI or KBAB?

On 1-year performance, TCHI leads with 16.31% vs -8.74% for KBAB. On fees, TCHI is cheaper at 0.59% per year. On volatility, TCHI has been the lower-risk option at 10.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TCHI or KBAB?

Over the 1-year period, TCHI has performed better with a 16.31% return vs -8.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TCHI or KBAB?

TCHI is cheaper with a 0.59% expense ratio, compared with 1.00% for KBAB.

Which ETF pays a higher dividend yield, TCHI or KBAB?

KBAB has the higher dividend yield at 90.20%, compared with 2.27% for TCHI.

What is the main difference between TCHI and KBAB?

TCHI is categorized as Technology Equities, while KBAB is Leveraged Equities. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.59% for TCHI and 1.00% for KBAB.

Which has better risk-adjusted returns?

TCHI currently has the higher Sharpe Ratio (0.57 vs -0.10), 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.