Which came closer to its stated multiple, KPDD or PDDL?

Over the window to Sep 30, 2026, KPDD finished 4.1 points from what its multiple implies and PDDL finished 5.9 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 27% annualized and PDDL’s at 27%, 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.

Share on X Download as PDF Open live

KPDD vs PDDL: which held to its multiple?

Over the days both have traded, KPDD finished 4.1 points from its stated multiple and PDDL 5.9. KraneShares 2x Long PDD Daily ETF and GraniteShares 2x Long PDD Daily ETF.

−15.2%

KPDD returned, 3 months

−17.0%

PDDL returned, 3 months

−4.1 pts

KPDD from its stated multiple

−5.9 pts

PDDL from its stated multiple

KPDD · 3 months to Sep 30, 20264.1 pts short of its stated multiple

KPDD returned −15.2% while 2 times PDD's move would have been −11.1%

PDDL · 3 months to Sep 30, 20265.9 pts short of its stated multiple

PDDL returned −17.0% while 2 times PDD's move would have been −11.1%

ETFIQ Decay Resistance Score · KPDD scores higherDid it keep up with its own daily multiple, compounded day by day?

KPDD 46.2

PDDL 16.9

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	KPDD	PDDL	KPDD	PDDL	KPDD	PDDL
1 month	−15.4%	−16.0%	−14.4%	−14.4%	−1.0 pts	−1.6 pts
3 months	−15.2%	−17.0%	−11.1%	−11.1%	−4.1 pts	−5.9 pts
6 months	−48.4%	−50.3%	−46.8%	−46.8%	−1.6 pts	−3.4 pts
1 year	−72.9%	−73.2%	−82.1%	−82.1%	+9.2 pts	+8.8 pts
Since launch KPDD Mar 2025 · PDDL Jul 2025	−71.1%	−59.1%	−67.7%	−51.6%	−3.3 pts	−7.5 pts

KPDD and PDDL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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

Underlying asset PDD PDD

Segment company company

Fund returned, 3 months or since launch −15.2% −17.0%

Underlying returned, over that window −5.5% −5.5%

What the stated multiple implies, over that window −11.1% −11.1%

Difference from stated, over that window −4.1 pts −5.9 pts

Fund returned, 1 year or since launch −72.9% −73.2%

Difference from stated, over that window +9.2 pts +8.8 pts

Underlying volatility 27% 27%

Difference over the days both have traded −4.1 pts −5.9 pts

Expense ratio 1.26% 1.50%

Launched Mar 12, 2025 Jul 15, 2025

Net assets $14m $6m

KPDD and PDDL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

KPDD in plain words

Three months to Sep 30, 2026: KPDD returned −15.2% where its own daily promise gave −12.4%, 2.8 points short. Read the multiple against the whole window instead and 2 times PDD's −5.5% implies −11.1%, which makes KPDD look 4.1 points short. 1.3 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 27% 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 30, 2026: PDDL returned −17.0% where its own daily promise gave −12.4%, 4.6 points short. Read the multiple against the whole window instead and 2 times PDD's −5.5% implies −11.1%, which makes PDDL look 5.9 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 30, 2026, KPDD finished 4.1 points from what its multiple implies and PDDL finished 5.9 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 27% annualized and PDDL’s at 27%, 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.

Other comparisons

KPDD on its own →PDDL on its own →How every figure is computed →Standards and sources →

Where these figures came from

KPDD filings on SEC EDGAR ↗KPDD prospectus with the expense ratio (SEC) ↗KraneShares page for KPDD ↗PDDL filings on SEC EDGAR ↗PDDL prospectus with the expense ratio (SEC) ↗GraniteShares page for PDDL ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, KPDD against PDDL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/kpdd-vs-pddl

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.