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Beacon

KBABKraneShares 2x Long BABA Daily ETF

Take a bet1y track recordRanked #799 of 949 in this goal

Seeks daily investment results of 2 times (200%) the daily percentage change of the ADR of Alibaba Group Holding Limited (NYSE: BABA).

By KraneShares · Launched 2025

Annual Cost

1.00%

#5,189 of 5,854 · expensive

Fund Size

$2M

#5,474 of 5,854 · small

Return (1Y)Goal

-17.5%

Track Record

1 year

#4,138 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$7,827-21.7%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

Emerging markets

Strategy

Leveraged

Sector

Information technology

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

N/A
108.0%
REF: 2X BABA US EQUITY
-14.2%

Asset allocation

Cash
118.5%

By sector

Consumer Cyclical
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
90.3%High

Year-on-year price swings

Max drawdown
-79.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 2 times (200%) the daily percentage change of the ADR of Alibaba Group Holding Limited (NYSE: BABA).
Strategy
Invests at least 80% of net assets in the Underlying Stock and financial instruments to replicate 2 times the daily performance of the Underlying Stock. Designed for sophisticated investors, the Fund's returns may differ significantly from 200% of the Underlying Stock's performance over longer periods due to compounding and volatility.
Inception date
March 7, 2025
Fund family
KraneShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03