KLXY vs SPY
KraneShares Global Luxury 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 505 holdings.
Side-by-Side Comparison
| Metric | KLXY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.09% | |
| AUM | $2M | $821.1B | |
| Dividend Yield | 0.84% | 1.01% | |
| Holdings | 31 | 505 | |
| YTD Return | -1.39% | +12.68% | |
| 1Y Return | +10.83% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 16.1% | 15.3% | |
| Max Drawdown | -26.6% | -56.5% | |
| Fund Family | KraneShares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2023 | Jan 22, 1993 |
KLXY vs SPY Performance
KraneShares Global Luxury Index ETF (KLXY) 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 KLXY returned +10.83% while SPY returned +21.82%. Year to date, KLXY is down 1.39% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
KLXY has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -26.6% for KLXY 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KLXY charges 0.69% per year while SPY charges 0.09%. On a $10,000 position that is $69 vs $9 annually, a gap of $60 per year that compounds over a long holding period. On income, KLXY currently yields 0.84% against 1.01% for SPY.
Holdings Overlap
KLXY and SPY share 4 holdings out of 523 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KLXY or SPY?
KLXY has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
Which performed better, KLXY or SPY?
Over the past year KLXY returned +10.83% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), KLXY annualized +2.81% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, KLXY or SPY?
KLXY has been the more volatile fund at 16.1% annualized versus 15.3% for SPY. Worst drawdown: KLXY -26.6% vs SPY -56.5%.
Should I hold both KLXY and SPY?
KLXY and SPY have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KLXY and SPY?
KLXY and SPY share 4 common holdings with a 0.1% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, KLXY or SPY?
KLXY yields 0.84% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.