KROP vs SPY
Global X AgTech & Food Innovation 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 | KROP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $9M | $789.1B | |
| Dividend Yield | 2.11% | 1.01% | |
| Holdings | 34 | 505 | |
| YTD Return | +14.57% | +13.68% | |
| 1Y Return | +11.52% | +21.53% | |
| 3Y Return (annualized) | +2.07% | +21.44% | |
| 5Y Return (annualized) | -12.01% | +13.18% | |
| Volatility (annualized) | 22.1% | 15.3% | |
| Max Drawdown | -62.0% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 12, 2021 | Jan 22, 1993 |
KROP vs SPY Performance
Global X AgTech & Food Innovation ETF (KROP) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year KROP returned +11.52% while SPY returned +21.53%. Year to date, KROP is up 14.57% versus a gain of 13.68% for SPY.
Over three years, KROP compounded at +2.07% per year against +21.44% for SPY; over five years the annualized figures are -12.01% and +13.18% respectively. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs -12.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KROP has been the more volatile fund, with annualized monthly volatility of 22.1% 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 -62.0% for KROP 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KROP charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, KROP currently yields 2.11% against 1.01% for SPY.
Holdings Overlap
KROP and SPY share 3 holdings out of 530 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KROP or SPY?
KROP has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, KROP or SPY?
Over the past year KROP returned +11.52% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), KROP annualized -12.14% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, KROP or SPY?
KROP has been the more volatile fund at 22.1% annualized versus 15.3% for SPY. Worst drawdown: KROP -62.0% vs SPY -56.5%.
Should I hold both KROP and SPY?
KROP and SPY have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KROP and SPY?
KROP and SPY share 3 common holdings with a 0.4% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, KROP or SPY?
KROP yields 2.11% while SPY yields 1.01%, so KROP currently pays the higher dividend yield.
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