KraneShares 2x Long PDD Daily ETF (KPDD) Performance
KPDD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −57.9% since Dec 31, 2025
- 1 year
- −70.7% total return
- Since first price
- −68.6% since 2025
KPDD trailing returns vs SPY, QQQ, AGG
| Period | KPDD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.8% | +2.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −10.4% | −10.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −39.4% | −39.4% | +7.8% | +8.4% | −1.5% |
| YTD | −57.9% | −57.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −70.7% | −70.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 12, 2025 | −68.6% | −68.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KPDD vs SPY
From Mar 12, 2025: KPDD grew to $3,135, SPY to $13,865.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KPDD returns by calendar year
2026 is year to date.
KPDD annual returns table
| Year | KPDD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −57.9% | −68.4% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KPDD largest drawdowns
Now 74.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 20, 2025 | −77.6% | Oct 2, 2026 | not yet | 1.5 years | 1.6 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KPDD risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −55.7% |
| Volatility (annualized) | 62.9% |
| Sharpe ratio | -1.01 |
| Sortino ratio | -1.20 |
| Best month | +31.9% |
| Worst month | −31.2% |
| Best 12 months | −28.7% |
| Worst 12 months | −72.5% |
| Positive months | 39% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KPDD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | −72.5% | −54.4% | −28.7% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
KPDD performance overview
KraneShares 2x Long PDD Daily ETF (KPDD) returned −70.7% over the past year, with distributions reinvested. Since its first recorded price on Mar 12, 2025 it has returned −68.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −77.6%, from Mar 20, 2025 to Oct 2, 2026; the fund has not yet regained that high. Volatility has been 62.9% a year.
Related: KPDD chart, KPDD dividends. See the KPDD overview for the latest quote and fund facts.
KPDD performance FAQ
What is the KPDD return over the past year?
KPDD returned −70.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 70.7%.
How much would $10,000 invested in KPDD be worth?
$10,000 invested in KPDD at its first recorded close on March 12, 2025 would be worth about $3,135 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of KPDD?
The largest peak-to-trough decline was −77.6% between March 20, 2025 and October 2, 2026. It has not yet recovered to that high; it is 74.4% below its peak.
How volatile is KPDD?
Over the past history KPDD had an annualized volatility of 62.9% and a Sharpe ratio of -1.01 (excess return over 1–3 month T-bills per unit of risk).