KCSH vs SPY
KraneShares Sustainable Ultra Short Duration Index ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | KCSH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $171M | $789.1B | |
| Dividend Yield | 4.24% | 1.01% | |
| Holdings | 79 | 505 | |
| YTD Return | +2.18% | +14.47% | |
| 1Y Return | +3.79% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 0.5% | 15.3% | |
| Max Drawdown | -0.6% | -56.5% | |
| Fund Family | KraneShares | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jul 26, 2024 | Jan 22, 1993 |
KCSH vs SPY Performance
KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) 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 KCSH returned +3.79% while SPY returned +21.96%. Year to date, KCSH is up 2.18% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
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 4.24% against 1.01% for SPY.
Holdings Overlap
KCSH and SPY share 0 holdings out of 589 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, KCSH or SPY?
KCSH has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, KCSH or SPY?
Over the past year KCSH returned +3.79% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), KCSH annualized +4.24% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, KCSH or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 0.5% for KCSH. Worst drawdown: KCSH -0.6% vs SPY -56.5%.
Should I hold both KCSH and SPY?
KCSH and SPY have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KCSH and SPY?
KCSH and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 589 unique securities.
Which pays a higher dividend, KCSH or SPY?
KCSH yields 4.24% while SPY yields 1.01%, so KCSH currently pays the higher dividend yield.
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