BNDDQuadratic Deflation ETF
Seeks to benefit from lower growth, deflation, and lower or negative long-term interest rates.
By KraneShares · Launched 2021
Annual Cost
1.02%
#5,270 of 5,861 · expensive
Fund Size
$41M
#3,825 of 5,861 · mid-size
Return (1Y)Goal
+0.7%
Track Record
4 years
#2,409 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,027+0.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 3 holdings = 81.9% of fundconcentrated
Vanguard Long Term Treasury ETF
78.7%
USD CMS 2-30 04/21/2027 60 FLOOR E
1.7%
USD CMS 2-30 10/14/2026 80 FLOOR E
1.5%
Asset allocation
Bonds
78.8%
Cash
21.2%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
10.3%Moderate
Year-on-year price swings
Max drawdown
-30.9%Severe
Worst peak-to-trough loss
Sharpe (3Y)
-0.66Below average
Sortino (3Y)
-0.90Moderate downside risk
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to benefit from lower growth, deflation, and lower or negative long-term interest rates.
- Strategy
- Actively managed fund investing primarily in U.S. Treasury securities and option strategies to hedge against deflation risk. The options are structured to limit potential losses and are expected to appreciate as the U.S. interest rate curve flattens or inverts.
- Inception date
- September 16, 2021
- Fund family
- KraneShares
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Data updated on 2026-08-04