KSLV vs SPY
Kurv Silver Enhanced Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, KSLV or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | KSLV | SPY |
|---|---|---|
| Expense Ratio | 0.99% | 0.09%Best |
| AUM | $107M | $777.9B |
| Dividend Yield | 41.43% | 1.00% |
| Holdings | 29 | 1,011 |
| YTD Return | -42.18% | +12.09%Best |
| 1Y Return | -19.26% | +12.45%Best |
| 3Y Return (annualized) | - | +21.45% |
| 5Y Return (annualized) | - | +11.87% |
| Volatility (annualized) | 55.4% | 12.3%Best |
| Max Drawdown | -66.8% | -8.9%Best |
| $10,000 over 1.1 years | $8,791 | $11,508Best |
| Fund Family | Kurv | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Sep 29, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Sep 30, 2025 to Nov 11, 2026 (1.1 years).
KSLV 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 1.1 years both funds cover.
KSLV vs SPY Performance
Kurv Silver Enhanced Income ETF (KSLV) is an ETF from Kurv and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year KSLV returned -19.26% while SPY returned +12.45%. Year to date, KSLV is down 42.18% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KSLV has been the more volatile fund, with annualized monthly volatility of 55.4% compared with 12.3% 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 -66.8% for KSLV and -8.9% 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 0.23. They move largely independently of each other.
Fees and Cost Over Time
KSLV charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, KSLV currently yields 41.43% against 1.00% for SPY.
You are not choosing between two funds in isolation.
Whichever of KSLV and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KSLV or SPY?
KSLV has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option, by $90 a year on a $10,000 investment.
Which performed better, KSLV or SPY?
Over the past year KSLV returned -19.26% vs +12.45% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), KSLV annualized -11.05% vs +13.62% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KSLV or SPY?
KSLV has been the more volatile fund at 55.4% annualized versus 12.3% for SPY. Worst drawdown: KSLV -66.8% vs SPY -8.9%.
Should I hold both KSLV and SPY?
KSLV and SPY have a monthly-return correlation of 0.23, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, KSLV or SPY?
KSLV yields 41.43% while SPY yields 1.00%, so KSLV currently pays the higher dividend yield.
Is SPY better than KSLV?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.