Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
KraneShares 2x Long BIDU Daily ETF
CThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$9.61−0.12 (−1.25%)
- 1.25%
- $1M
- 0M sh
- $9.97
- low $9.46high $46.99
The ETF.net KBDU Grade
C
Score 40 out of 100
- 131 of 380
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 41
- This cap took
- −1
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.D39 out of 100Rank 230 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 20 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 202 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 239 of 380Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C46 out of 100Rank 211 of 380
Our read on KBDU
CMost 2x single-stock ETFs chase US megacaps. KBDU points the same machinery at Baidu's ADR, China's search giant turned AI and robotaxi player, aiming for 200% of its daily move before fees.
KBDU seeks daily investment results, before fees and expenses, equal to two times the daily percentage change of Baidu Inc.'s ADR.
Why people hold it
- Rare exposure: the levered single-stock aisle is stacked with US megacaps. KBDU aims at Baidu's ADR, China's biggest search engine and operator of the Apollo Go robotaxi fleet.kraneshares.com
- It sticks tightly to its stated job: two times the daily percentage change of Baidu's ADR, before fees, with little drift from that target.
- Leverage without a margin account. No borrowing, no collateral to post, and the most you can lose is what you put in.kraneshares.com
Worth knowing
- The 1.25% expense ratio runs above the typical 2x single-stock fund, and a rival 2x BIDU product (BIDG) lists a 0.75% fee.leverageshares.com
- Daily reset: the 2x target starts fresh each morning, so over longer stretches choppy trading in Baidu can leave returns well short of twice the stock's move.kraneshares.com
- Launched November 2025, it sits among the smaller, lightly traded names in this corner, so bid-ask spreads can run wider than on the megacap levered funds.
KBDU Holdings
- Stocks
- 2
- 100%
- Baidu Inc.
KBDU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
KBDU$3,165
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | KBDU |
|---|---|
| Year to date | −68.3% |
| 1 month | −16.3% |
| 3 months | −52.3% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | KBDU |
|---|---|---|
| 2026 YTD | −68.3% | |
| 2025 | +33.9% |
KBDU in the news
KBDU Dividends
Listed Nov 2025. No distributions yet.
KBDU Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 3.36
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
KBDU Cost
1.25%
KBDU1.25%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
229 of the 333 Single-Stock Long Leveraged funds charge less.
Other funds in Single-Stock Long Leveraged
- CJOBCCorgi ETF Trust I - Corgi JOBY 2x Daily ETFExpense ratio 0.45%1 year return —
- CKBABKraneShares 2X Long BABA Daily ETFExpense ratio 1.26%1 year return −62.4%
- CKEYGThemes ETF Trust - Leverage Shares 2x Long KEYS Daily ETFExpense ratio 0.99%1 year return —
- CKEYXCorgi ETF Trust I - Corgi KEYS 2x Daily ETFExpense ratio 0.45%1 year return —
- CKJDKraneShares 2x Long JD Daily ETFExpense ratio 1.25%1 year return —