KPRO vs VOO
KraneShares 100% KWEB Defined Outcome January 2026 ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | KPRO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.03% | |
| AUM | $3M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 4 | 509 | |
| YTD Return | -4.35% | +13.79% | |
| 1Y Return | -5.40% | +23.01% | |
| 3Y Return (annualized) | - | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 8.1% | 14.1% | |
| Max Drawdown | -15.4% | -34.3% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 7, 2024 | Sep 7, 2010 |
KPRO vs VOO Performance
KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) is a ETF from KraneShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year KPRO returned -5.40% while VOO returned +23.01%. Year to date, KPRO is down 4.35% versus a gain of 13.79% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 8.1% for KPRO. 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 -15.4% for KPRO and -34.3% for VOO. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KPRO charges 1.04% per year while VOO charges 0.03%. On a $10,000 position that is $104 vs $3 annually, a gap of $101 per year that compounds over a long holding period. On income, KPRO currently yields 0.00% against 1.09% for VOO.
Holdings Overlap
KPRO and VOO share 0 holdings out of 506 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, KPRO or VOO?
KPRO has an expense ratio of 1.04% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, KPRO or VOO?
Over the past year KPRO returned -5.40% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), KPRO annualized +4.07% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, KPRO or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 8.1% for KPRO. Worst drawdown: KPRO -15.4% vs VOO -34.3%.
Should I hold both KPRO and VOO?
KPRO and VOO have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KPRO and VOO?
KPRO and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, KPRO or VOO?
KPRO yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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