KCAI vs VOO
KraneShares China Alpha Index ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. KCAI delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | KCAI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $3M | $997.4B | |
| Dividend Yield | 32.81% | 1.08% | |
| Holdings | 42 | 509 | |
| YTD Return | +7.01% | +12.68% | |
| 1Y Return | +32.07% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 17.0% | 14.1% | |
| Max Drawdown | -26.6% | -34.3% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 28, 2024 | Sep 7, 2010 |
KCAI vs VOO Performance
KraneShares China Alpha Index ETF (KCAI) is a ETF from KraneShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year KCAI returned +32.07% while VOO returned +21.87%. Year to date, KCAI is up 7.01% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
KCAI has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 14.1% for VOO. 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 -26.6% for KCAI and -34.3% for VOO. 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KCAI charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, KCAI currently yields 32.81% against 1.08% for VOO.
Holdings Overlap
KCAI and VOO share 0 holdings out of 545 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, KCAI or VOO?
KCAI has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, KCAI or VOO?
Over the past year KCAI returned +32.07% vs +21.87% for VOO, so KCAI leads on 1-year performance. Over the longest common window we track (2 years), KCAI annualized +35.35% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, KCAI or VOO?
KCAI has been the more volatile fund at 17.0% annualized versus 14.1% for VOO. Worst drawdown: KCAI -26.6% vs VOO -34.3%.
Should I hold both KCAI and VOO?
KCAI and VOO have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KCAI and VOO?
KCAI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 545 unique securities.
Which pays a higher dividend, KCAI or VOO?
KCAI yields 32.81% while VOO yields 1.08%, so KCAI currently pays the higher dividend yield.
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