# KJD (KraneShares 2x Long JD Daily ETF)

KraneShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: KJD returned −15.0% where its own daily promise gave −12.3%, 2.8 points short.

## Key facts

- KJD, what JD did: −5.3%, as of Sep 11, 2026.
- KJD, what +2 times a day gives: −12.3%, as of Sep 11, 2026.
- KJD, what the fund returned: −15.0%, as of Sep 11, 2026.
- KJD, the fund itself cost: −2.8 pts, as of Sep 11, 2026.
- KJD, net assets: $1m (source, as filed for Jun 30, 2026).
- KJD, expense ratio: 1.25% (485BPOS XBRL, Jul 29, 2026).

## KJD over each window to Sep 11, 2026

| Window | Fund | JD | +2x the move | Difference | JD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −27.8% | −14.4% | −28.8% | +1.0 pts | 30% |
| 3 months | −15.0% | −5.3% | −10.5% | −4.5 pts | 30% |
| 6 months | −13.2% | −1.1% | −2.2% | −11.1 pts | 34% |
| Since launch | −41.3% | −15.5% | −30.9% | −10.3 pts | 31% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of JD, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.86 times, against +2 stated | ETFIQ |
| Underlying | JD | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.25% | 485BPOS XBRL, Jul 29, 2026 |
| Launched | Oct 15, 2025 | ETFIQ |
| Underlying volatility over the window | 30% annualized | ETFIQ |

## Questions

### Did KJD return +2 times JD?

Over the window to Sep 11, 2026, JD moved −5.3% and KJD returned −15.0%. 2 times that move is −10.5%, so the fund came out 4.5 points short of it.

### Why does KJD not return +2 times over a year?

Because it resets daily. KJD aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, KJD, data as of Sep 11, 2026. https://etfiq.com/funds/KJD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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