AGIX vs SPY
KraneShares Public-Private AI & Technology ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AGIX delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | AGIX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.09% | |
| AUM | $471M | $789.1B | |
| Dividend Yield | 0.95% | 1.01% | |
| Holdings | 62 | 505 | |
| YTD Return | +28.45% | +14.47% | |
| 1Y Return | +42.84% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 29.6% | 15.3% | |
| Max Drawdown | -31.5% | -56.5% | |
| Fund Family | KraneShares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 18, 2024 | Jan 22, 1993 |
AGIX vs SPY Performance
KraneShares Public-Private AI & Technology ETF (AGIX) is a ETF from KraneShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AGIX returned +42.84% while SPY returned +21.96%. Year to date, AGIX is up 28.45% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
AGIX has been the more volatile fund, with annualized monthly volatility of 29.6% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.5% for AGIX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AGIX charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, AGIX currently yields 0.95% against 1.01% for SPY.
Holdings Overlap
AGIX and SPY share 23 holdings out of 535 unique holdings combined, representing a 30.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AGIX or SPY?
AGIX has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, AGIX or SPY?
Over the past year AGIX returned +42.84% vs +21.96% for SPY, so AGIX leads on 1-year performance. Over the longest common window we track (2 years), AGIX annualized +36.84% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, AGIX or SPY?
AGIX has been the more volatile fund at 29.6% annualized versus 15.3% for SPY. Worst drawdown: AGIX -31.5% vs SPY -56.5%.
Should I hold both AGIX and SPY?
AGIX and SPY have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AGIX and SPY?
AGIX and SPY share 23 common holdings with a 30.6% weight overlap. Combined, they hold 535 unique securities.
Which pays a higher dividend, AGIX or SPY?
AGIX yields 0.95% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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