KPDDKraneShares 2x Long PDD Daily ETF
Seeks daily investment results of 200% of the daily percentage change of PDD Holdings Inc. ADR.
By KraneShares · Launched 2025
1.27%
#5,267 of 5,562 · expensive
$18M
#4,403 of 5,562 · small
-51.5%
1 year
#4,230 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 2 holdings = 89.9% of fundconcentrated
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results of 200% of the daily percentage change of PDD Holdings Inc. ADR.
- Strategy
- Invests primarily in PDD Holdings Inc. and financial instruments like swap agreements to achieve 2x daily exposure. The Fund rebalances daily to maintain this leverage, which may lead to high portfolio turnover and potential losses over longer periods.
- Inception date
- March 7, 2025
- Fund family
- KraneShares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
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 2026-06-20