KBAB vs QQQ
KraneShares 2x Long BABA Daily ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | KBAB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.18% | |
| AUM | $3M | $496.3B | |
| Dividend Yield | 110.10% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | -40.17% | +16.23% | |
| 1Y Return | -10.01% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 103.8% | 30.6% | |
| Max Drawdown | -79.0% | -83.0% | |
| Fund Family | KraneShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 11, 2025 | Mar 10, 1999 |
KBAB vs QQQ Performance
KraneShares 2x Long BABA Daily ETF (KBAB) is a ETF from KraneShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KBAB returned -10.01% while QQQ returned +26.23%. Year to date, KBAB is down 40.17% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
KBAB has been the more volatile fund, with annualized monthly volatility of 103.8% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -79.0% for KBAB and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KBAB charges 0.99% per year while QQQ charges 0.18%. On a $10,000 position that is $99 vs $18 annually, a gap of $81 per year that compounds over a long holding period. On income, KBAB currently yields 110.10% against 0.44% for QQQ.
Holdings Overlap
KBAB and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KBAB or QQQ?
KBAB has an expense ratio of 0.99% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, KBAB or QQQ?
Over the past year KBAB returned -10.01% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), KBAB annualized -28.29% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, KBAB or QQQ?
KBAB has been the more volatile fund at 103.8% annualized versus 30.6% for QQQ. Worst drawdown: KBAB -79.0% vs QQQ -83.0%.
Should I hold both KBAB and QQQ?
KBAB and QQQ have a monthly-return correlation of 0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KBAB and QQQ?
KBAB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, KBAB or QQQ?
KBAB yields 110.10% while QQQ yields 0.44%, so KBAB currently pays the higher dividend yield.
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