KBFR vs SPY
Innovator US Small Cap Managed 10 Buffer ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. KBFR offers more diversification with 843 holdings.
Side-by-Side Comparison
| Metric | KBFR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $11M | $821.1B | |
| Dividend Yield | 0.30% | 1.01% | |
| Holdings | 843 | 505 | |
| YTD Return | +11.11% | +12.22% | |
| 1Y Return | - | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -4.2% | -56.5% | |
| Fund Family | Innovator ETFs Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Feb 24, 2026 | Jan 22, 1993 |
KBFR vs SPY Performance
Innovator US Small Cap Managed 10 Buffer ETF (KBFR) is a ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, KBFR is up 11.11% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -4.2% for KBFR and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
KBFR charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, KBFR currently yields 0.30% against 1.01% for SPY.
Holdings Overlap
KBFR and SPY share 1 holdings out of 1265 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in KBFR | Weight in SPY | Difference |
|---|---|---|---|
| PSA | 0.12% | 0.08% | 0.04% |
Frequently Asked Questions
Which is cheaper, KBFR or SPY?
KBFR has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
What is the holdings overlap between KBFR and SPY?
KBFR and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 1265 unique securities.
Which pays a higher dividend, KBFR or SPY?
KBFR yields 0.30% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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