KPDD vs SPY
KraneShares 2x Long PDD Daily 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 | KPDD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.09% | |
| AUM | $17M | $789.1B | |
| Dividend Yield | 143.61% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | -49.11% | +13.68% | |
| 1Y Return | -53.61% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 64.0% | 15.3% | |
| Max Drawdown | -77.5% | -56.5% | |
| Fund Family | KraneShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Mar 11, 2025 | Jan 22, 1993 |
KPDD vs SPY Performance
KraneShares 2x Long PDD Daily ETF (KPDD) 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 KPDD returned -53.61% while SPY returned +21.53%. Year to date, KPDD is down 49.11% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
KPDD has been the more volatile fund, with annualized monthly volatility of 64.0% 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 -77.5% for KPDD 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 0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KPDD charges 1.27% per year while SPY charges 0.09%. On a $10,000 position that is $127 vs $9 annually, a gap of $118 per year that compounds over a long holding period. On income, KPDD currently yields 143.61% against 1.01% for SPY.
Holdings Overlap
KPDD and SPY share 0 holdings out of 504 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, KPDD or SPY?
KPDD has an expense ratio of 1.27% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $118 per year of difference.
Which performed better, KPDD or SPY?
Over the past year KPDD returned -53.61% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), KPDD annualized -48.16% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, KPDD or SPY?
KPDD has been the more volatile fund at 64.0% annualized versus 15.3% for SPY. Worst drawdown: KPDD -77.5% vs SPY -56.5%.
Should I hold both KPDD and SPY?
KPDD and SPY have a monthly-return correlation of 0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KPDD and SPY?
KPDD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, KPDD or SPY?
KPDD yields 143.61% while SPY yields 1.01%, so KPDD currently pays the higher dividend yield.
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