KPDD vs QQQ
KraneShares 2x Long PDD 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 | KPDD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.26% | 0.18% | |
| AUM | $14M | $496.3B | |
| Dividend Yield | 112.50% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | -48.94% | +16.23% | |
| 1Y Return | -54.50% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 64.0% | 30.6% | |
| Max Drawdown | -77.5% | -83.0% | |
| Fund Family | KraneShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 11, 2025 | Mar 10, 1999 |
KPDD vs QQQ Performance
KraneShares 2x Long PDD Daily ETF (KPDD) is a ETF from KraneShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KPDD returned -54.50% while QQQ returned +26.23%. Year to date, KPDD is down 48.94% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
KPDD has been the more volatile fund, with annualized monthly volatility of 64.0% 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 -77.5% for KPDD 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 -0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KPDD charges 1.26% per year while QQQ charges 0.18%. On a $10,000 position that is $126 vs $18 annually, a gap of $108 per year that compounds over a long holding period. On income, KPDD currently yields 112.50% against 0.44% for QQQ.
Holdings Overlap
KPDD and QQQ share 1 holdings out of 102 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in KPDD | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IE | 199.99% | 0.27% | 199.72% |
Frequently Asked Questions
Which is cheaper, KPDD or QQQ?
KPDD has an expense ratio of 1.26% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $108 per year of difference.
Which performed better, KPDD or QQQ?
Over the past year KPDD returned -54.50% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), KPDD annualized -47.52% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, KPDD or QQQ?
KPDD has been the more volatile fund at 64.0% annualized versus 30.6% for QQQ. Worst drawdown: KPDD -77.5% vs QQQ -83.0%.
Should I hold both KPDD and QQQ?
KPDD and QQQ have a monthly-return correlation of -0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KPDD and QQQ?
KPDD and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, KPDD or QQQ?
KPDD yields 112.50% while QQQ yields 0.44%, so KPDD currently pays the higher dividend yield.
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