KEMQ vs SPY
KraneShares Public-Private Emerging Markets Internet and Technology 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 505 holdings.
Side-by-Side Comparison
| Metric | KEMQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $26M | $821.1B | |
| Dividend Yield | 5.24% | 1.01% | |
| Holdings | 67 | 505 | |
| YTD Return | +1.65% | +12.71% | |
| 1Y Return | +15.71% | +20.53% | |
| 3Y Return (annualized) | +23.75% | +21.60% | |
| 5Y Return (annualized) | -0.98% | +12.79% | |
| Volatility (annualized) | 24.5% | 15.3% | |
| Max Drawdown | -70.7% | -56.5% | |
| Fund Family | KraneShares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 11, 2017 | Jan 22, 1993 |
KEMQ vs SPY Performance
KraneShares Public-Private Emerging Markets Internet and Technology ETF (KEMQ) 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 KEMQ returned +15.71% while SPY returned +20.53%. Year to date, KEMQ is up 1.65% versus a gain of 12.71% for SPY.
Over three years, KEMQ compounded at +23.75% per year against +21.60% for SPY; over five years the annualized figures are -0.98% and +12.79% respectively. Across the full 9-year window we track, SPY has the edge at +8.80% annualized vs +1.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KEMQ has been the more volatile fund, with annualized monthly volatility of 24.5% compared with 15.3% for SPY. 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 -70.7% for KEMQ 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KEMQ charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, KEMQ currently yields 5.24% against 1.01% for SPY.
Holdings Overlap
KEMQ and SPY share 0 holdings out of 557 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, KEMQ or SPY?
KEMQ has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, KEMQ or SPY?
Over the past year KEMQ returned +15.71% vs +20.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), KEMQ annualized +1.63% vs +8.80% for SPY. Past performance does not guarantee future results.
Which is riskier, KEMQ or SPY?
KEMQ has been the more volatile fund at 24.5% annualized versus 15.3% for SPY. Worst drawdown: KEMQ -70.7% vs SPY -56.5%.
Should I hold both KEMQ and SPY?
KEMQ and SPY have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KEMQ and SPY?
KEMQ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 557 unique securities.
Which pays a higher dividend, KEMQ or SPY?
KEMQ yields 5.24% while SPY yields 1.01%, so KEMQ currently pays the higher dividend yield.
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