BUYO vs SPY
KraneShares Man Buyout Beta Index ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BUYO delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BUYO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.09% | |
| AUM | $17M | $821.1B | |
| Dividend Yield | 0.01% | 1.01% | |
| Holdings | 308 | 505 | |
| YTD Return | +19.62% | +12.35% | |
| 1Y Return | +26.84% | +20.15% | |
| 3Y Return (annualized) | - | +21.69% | |
| 5Y Return (annualized) | - | +12.77% | |
| Volatility (annualized) | 17.5% | 15.3% | |
| Max Drawdown | -28.0% | -56.5% | |
| Fund Family | KraneShares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 8, 2024 | Jan 22, 1993 |
BUYO vs SPY Performance
KraneShares Man Buyout Beta Index ETF (BUYO) 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 BUYO returned +26.84% while SPY returned +20.15%. Year to date, BUYO is up 19.62% versus a gain of 12.35% for SPY.
Risk: Volatility and Drawdowns
BUYO has been the more volatile fund, with annualized monthly volatility of 17.5% 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 -28.0% for BUYO 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BUYO charges 0.89% per year while SPY charges 0.09%. On a $10,000 position that is $89 vs $9 annually, a gap of $80 per year that compounds over a long holding period. On income, BUYO currently yields 0.01% against 1.01% for SPY.
Holdings Overlap
BUYO and SPY share 17 holdings out of 794 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BUYO or SPY?
BUYO has an expense ratio of 0.89% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $80 per year of difference.
Which performed better, BUYO or SPY?
Over the past year BUYO returned +26.84% vs +20.15% for SPY, so BUYO leads on 1-year performance. Over the longest common window we track (2 years), BUYO annualized +16.73% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, BUYO or SPY?
BUYO has been the more volatile fund at 17.5% annualized versus 15.3% for SPY. Worst drawdown: BUYO -28.0% vs SPY -56.5%.
Should I hold both BUYO and SPY?
BUYO and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BUYO and SPY?
BUYO and SPY share 17 common holdings with a 0.6% weight overlap. Combined, they hold 794 unique securities.
Which pays a higher dividend, BUYO or SPY?
BUYO yields 0.01% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.