KCSH vs SPY
KraneShares Sustainable Ultra Short Duration Index ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, KCSH or SPY?
Ultrashort Term Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. KCSH is less concentrated, with 26.1% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | KCSH | SPY |
|---|---|---|
| Expense Ratio | 0.20% | 0.09%Best |
| AUM | $160M | $814.4B |
| Dividend Yield | 4.22% | 1.01% |
| Holdings | 79 | 505 |
| YTD Return | +2.38% | +13.78%Best |
| 1Y Return | +4.11% | +21.44%Best |
| 3Y Return (annualized) | - | +21.38% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 0.5%Best | 12.1% |
| Max Drawdown | -0.6%Best | -18.8% |
| $10,000 over 2.1 years | $10,907 | $14,524Best |
| Top 10 Weight | 26.1%Best | 38.0% |
| Fund Family | KraneShares | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Ultrashort Term Bond | Large Cap Blend |
| Inception | Jul 26, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Jul 26, 2024 to Sep 3, 2026 (2.1 years).
KCSH vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
KCSH vs SPY Performance
KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) is an ETF from KraneShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year KCSH returned +4.11% while SPY returned +21.44%. Year to date, KCSH is up 2.38% versus a gain of 13.78% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 0.5% for KCSH. 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 -0.6% for KCSH and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.12. They move largely independently of each other.
Fees and Cost Over Time
KCSH charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, KCSH currently yields 4.22% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 73 holdings in KCSH and 504 in SPY, totalling 95.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 73 positions we hold weights for in KCSH and 504 in SPY, against full books of 79 and 505.
What only one of them owns
Measured across the 73 and 504 positions we hold weights for.
SPY holds 496 positions KCSH does not, 99.5% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
You are not choosing between two funds in isolation.
Whichever of KCSH and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KCSH or SPY?
KCSH has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, KCSH or SPY?
Over the past year KCSH returned +4.11% vs +21.44% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), KCSH annualized +4.22% vs +19.45% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KCSH or SPY?
SPY has been the more volatile fund at 12.1% annualized versus 0.5% for KCSH. Worst drawdown: KCSH -0.6% vs SPY -18.8%.
Should I hold both KCSH and SPY?
KCSH and SPY have a monthly-return correlation of 0.12, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, KCSH or SPY?
KCSH yields 4.22% while SPY yields 1.01%, so KCSH currently pays the higher dividend yield.
Is SPY better than KCSH?
SPY has a lower expense ratio. SPY led over 1Y and the full window. KCSH is less concentrated, with 26.1% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.