IVV vs KSPY
iShares Core S&P 500 ETF vs KraneShares Hedgeye Hedged Equity Index ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | KSPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.88% | |
| AUM | $865.2B | $121M | |
| Dividend Yield | 1.09% | 5.82% | |
| Holdings | 508 | 4 | |
| YTD Return | +13.43% | +8.63% | |
| 1Y Return | +22.61% | +16.34% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 5.6% | |
| Max Drawdown | -56.5% | -11.7% | |
| Fund Family | iShares by BlackRock (US) | KraneShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 16, 2024 |
IVV vs KSPY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and KraneShares Hedgeye Hedged Equity Index ETF (KSPY) is a ETF from KraneShares. Over the past year IVV returned +22.61% while KSPY returned +16.34%. Year to date, IVV is up 13.43% versus a gain of 8.63% for KSPY.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.6% for KSPY. 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 -56.5% for IVV and -11.7% for KSPY. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while KSPY charges 0.88%. On a $10,000 position that is $3 vs $88 annually, a gap of $85 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.82% for KSPY.
Holdings Overlap
IVV and KSPY share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or KSPY?
IVV has an expense ratio of 0.03% while KSPY charges 0.88%. IVV is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, IVV or KSPY?
Over the past year IVV returned +22.61% vs +16.34% for KSPY, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.03% vs +12.88% for KSPY. Past performance does not guarantee future results.
Which is riskier, IVV or KSPY?
IVV has been the more volatile fund at 15.1% annualized versus 5.6% for KSPY. Worst drawdown: IVV -56.5% vs KSPY -11.7%.
Should I hold both IVV and KSPY?
IVV and KSPY have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and KSPY?
IVV and KSPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or KSPY?
IVV yields 1.09% while KSPY yields 5.82%, so KSPY currently pays the higher dividend yield.
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