Data as of .
KPDD vs PDDL: which held to its multiple?
Over the days both have traded, KPDD finished 4.7 points from its stated multiple and PDDL 6.5.
ETFIQ Decay Resistance Score: KPDD scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| KPDD | PDDL | KPDD | PDDL | KPDD | PDDL | |
| 1 month | −24.9% | −25.6% | −25.2% | −25.2% | +0.3 pts | −0.4 pts |
| 3 months | −13.9% | −15.7% | −9.2% | −9.2% | −4.7 pts | −6.5 pts |
| 6 months | −49.5% | −51.2% | −48.4% | −48.4% | −1.1 pts | −2.8 pts |
| 1 year | −70.0% | −70.3% | −76.2% | −76.2% | +6.2 pts | +5.9 pts |
| Since launch | −70.9% | −58.6% | −68.0% | −51.9% | −2.9 pts | −6.8 pts |
| KPDD KraneShares 2x Long PDD Daily ETF Aims to return twice the daily move of PDD | PDDL GraniteShares 2x Long PDD Daily ETF Aims to return twice the daily move of PDD | |
|---|---|---|
| Issuer | KraneShares | GraniteShares |
| Sets out to return | +2x | +2x |
| On | PDD | PDD |
| Segment | company | company |
| Fund returned, 3 months | −13.9% | −15.7% |
| Underlying returned, 3 months | −4.6% | −4.6% |
| What the stated multiple implies, 3 months | −9.2% | −9.2% |
| Difference from stated, 3 months | −4.7 pts | −6.5 pts |
| Fund returned, 1 year or since launch | −70.0% | −70.3% |
| Difference from stated, over that window | +6.2 pts | +5.9 pts |
| Underlying volatility | 34% | 34% |
| Difference over the days both have traded | −4.7 pts | −6.5 pts |
| Expense ratio | 1.26% | 1.50% |
| Launched | Mar 12, 2025 | Jul 15, 2025 |
KPDD in plain words
Three months to Sep 11, 2026: KPDD returned −13.9% where its own daily promise gave −11.4%, 2.4 points short. Read the multiple against the whole window instead and +2 times PDD's −4.6% implies −9.2%, which makes KPDD look 4.7 points short. 2.2 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. KPDD aims to return +2 times PDD's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. PDD moved at 34% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
PDDL in plain words
Three months to Sep 11, 2026: PDDL returned −15.7% where its own daily promise gave −11.4%, 4.3 points short. Read the multiple against the whole window instead and +2 times PDD's −4.6% implies −9.2%, which makes PDDL look 6.5 points short. PDDL aims to return +2 times PDD's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, KPDD or PDDL?
- Over the window to Sep 11, 2026, KPDD finished 4.7 points from what its multiple implies and PDDL finished 6.5 points from its own, so KPDD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are KPDD and PDDL levered on the same thing?
- Yes. Both are levered on PDD, KPDD at +2 times and PDDL at +2 times the daily move.
- Which one decays faster, KPDD or PDDL?
- Decay follows how much the underlying moves about. Over this window KPDD’s moved at 34% annualized and PDDL’s at 34%, so KPDD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold KPDD or PDDL for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, KPDD or PDDL?
- KPDD charges 1.26% a year and PDDL charges 1.50%, so KPDD is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, KPDD against PDDL, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/KPDD-PDDL Free to use with attribution; the underlying files are at Open data.