KMID vs SPY
Virtus KAR Mid-Cap ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, KMID or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 49.1%.
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 | KMID | SPY |
|---|---|---|
| Expense Ratio | 0.80% | 0.09%Best |
| AUM | $43M | $804.7B |
| Dividend Yield | 0.12% | 0.98% |
| Holdings | 27 | 505 |
| YTD Return | -4.18% | +11.52%Best |
| 1Y Return | -4.57% | +17.48%Best |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 13.0% | 12.9%Best |
| Max Drawdown | -18.9% | -18.8%Best |
| $10,000 over 1.9 years | $9,382 | $13,282Best |
| Top 10 Weight | 49.1% | 38.0%Best |
| Fund Family | Virtus Investment Partners | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Oct 15, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 16, 2024 to Sep 10, 2026 (1.9 years).
KMID 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 1.9 years both funds cover.
KMID vs SPY Performance
Virtus KAR Mid-Cap ETF (KMID) is an ETF from Virtus Investment Partners and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year KMID returned -4.57% while SPY returned +17.48%. Year to date, KMID is down 4.18% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KMID has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 12.9% 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 -18.9% for KMID 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KMID charges 0.80% per year while SPY charges 0.09%. On a $10,000 position that is $80 vs $9 annually, a gap of $71 per year that compounds over a long holding period. On income, KMID currently yields 0.12% against 0.98% for SPY.
Holdings Overlap
77.1% of KMID's money is in holdings SPY also owns. 0.9% of SPY's money is in holdings KMID also owns.
Most of KMID is already inside SPY. Owning both mostly buys the same companies twice.
20 positions in common, counted across the 26 positions we hold weights for in KMID and 504 in SPY, against full books of 27 and 505.
What only one of them owns
Measured across the 26 and 504 positions we hold weights for.
SPY holds 474 positions KMID does not, 98.6% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
Top Shared Holdings
| Stock | Weight in KMID | Weight in SPY | Difference |
|---|---|---|---|
| AMEAmetek Inc. | 6.40% | 0.09% | 6.31% |
| TDYTeledyne Technologies Inc | 5.88% | 0.05% | 5.83% |
| WABWestinghouse Air Brake Technologies Corp. | 5.38% | 0.08% | 5.30% |
| MPWRMonolithic Power Systems Inc | 5.16% | 0.10% | 5.06% |
| ROSTRoss Stores, Inc. | 5.03% | 0.12% | 4.91% |
| WSTWest Pharmaceutical Services Inc | 4.93% | 0.04% | 4.89% |
| ALLEAllegion Plc | 4.29% | 0.02% | 4.27% |
| VRSKVerisk Analytics Inc. Class A | 4.05% | 0.04% | 4.01% |
| ODFLOld Dominion Freight Line Inc | 3.81% | 0.06% | 3.75% |
| ALGNAlign Technology Inc. | 3.47% | 0.02% | 3.45% |
77.1% of KMID is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KMID or SPY?
KMID has an expense ratio of 0.80% while SPY charges 0.09%. SPY is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, KMID or SPY?
Over the past year KMID returned -4.57% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), KMID annualized -3.30% vs +16.11% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KMID or SPY?
KMID has been the more volatile fund at 13.0% annualized versus 12.9% for SPY. Worst drawdown: KMID -18.9% vs SPY -18.8%.
Should I hold both KMID and SPY?
KMID and SPY have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between KMID and SPY?
77.1% of KMID's money is in holdings SPY also owns. 0.9% of SPY's is in holdings KMID also owns. They hold 20 positions in common, counted across the 26 positions we hold weights for in KMID and 504 in SPY.
Which pays a higher dividend, KMID or SPY?
KMID yields 0.12% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than KMID?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 49.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.