KSPY vs SPY
KraneShares Hedgeye Hedged Equity Index ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, KSPY or SPY?
Large Cap Value 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 | KSPY | SPY |
|---|---|---|
| Expense Ratio | 0.88% | 0.09%Best |
| AUM | $122M | $804.7B |
| Dividend Yield | 5.73% | 0.98% |
| Holdings | 5 | 505 |
| YTD Return | +9.44% | +13.81%Best |
| 1Y Return | +13.51% | +16.94%Best |
| 3Y Return (annualized) | - | +22.84% |
| 5Y Return (annualized) | - | +13.50% |
| Volatility (annualized) | 5.5%Best | 12.1% |
| Max Drawdown | -11.7%Best | -18.8% |
| $10,000 over 2.2 years | $12,971 | $14,049Best |
| Fund Family | KraneShares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 16, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 16, 2024 to Sep 22, 2026 (2.2 years).
KSPY 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 2.2 years both funds cover.
KSPY vs SPY Performance
KraneShares Hedgeye Hedged Equity Index ETF (KSPY) is an ETF from KraneShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year KSPY returned +13.51% while SPY returned +16.94%. Year to date, KSPY is up 9.44% versus a gain of 13.81% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 5.5% for KSPY. 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 -11.7% for KSPY 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KSPY charges 0.88% per year while SPY charges 0.09%. On a $10,000 position that is $88 vs $9 annually, a gap of $79 per year that compounds over a long holding period. On income, KSPY currently yields 5.73% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in KSPY and 504 in SPY, totalling 99.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in KSPY and 504 in SPY, against full books of 5 and 505.
You are not choosing between two funds in isolation.
Whichever of KSPY 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, KSPY or SPY?
KSPY has an expense ratio of 0.88% while SPY charges 0.09%. SPY is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, KSPY or SPY?
Over the past year KSPY returned +13.51% vs +16.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), KSPY annualized +12.55% vs +16.71% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KSPY or SPY?
SPY has been the more volatile fund at 12.1% annualized versus 5.5% for KSPY. Worst drawdown: KSPY -11.7% vs SPY -18.8%.
Should I hold both KSPY and SPY?
KSPY and SPY have a monthly-return correlation of 0.88, 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, KSPY or SPY?
KSPY yields 5.73% while SPY yields 0.98%, so KSPY currently pays the higher dividend yield.
Is SPY better than KSPY?
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.