KTEC vs SPY
KraneShares Hang Seng TECH Index 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 505 holdings.
Side-by-Side Comparison
| Metric | KTEC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.09% | |
| AUM | $58M | $821.1B | |
| Dividend Yield | 3.88% | 1.01% | |
| Holdings | 31 | 505 | |
| YTD Return | -19.73% | +14.24% | |
| 1Y Return | -17.33% | +21.71% | |
| 3Y Return (annualized) | +2.71% | +22.10% | |
| 5Y Return (annualized) | -6.63% | +13.21% | |
| Volatility (annualized) | 36.6% | 15.3% | |
| Max Drawdown | -66.9% | -56.5% | |
| Fund Family | KraneShares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 8, 2021 | Jan 22, 1993 |
KTEC vs SPY Performance
KraneShares Hang Seng TECH Index ETF (KTEC) 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 KTEC returned -17.33% while SPY returned +21.71%. Year to date, KTEC is down 19.73% versus a gain of 14.24% for SPY.
Over three years, KTEC compounded at +2.71% per year against +22.10% for SPY; over five years the annualized figures are -6.63% and +13.21% respectively. Across the full 5-year window we track, SPY has the edge at +8.86% annualized vs -10.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KTEC has been the more volatile fund, with annualized monthly volatility of 36.6% 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 -66.9% for KTEC 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KTEC charges 0.69% per year while SPY charges 0.09%. On a $10,000 position that is $69 vs $9 annually, a gap of $60 per year that compounds over a long holding period. On income, KTEC currently yields 3.88% against 1.01% for SPY.
Holdings Overlap
KTEC and SPY share 0 holdings out of 508 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, KTEC or SPY?
KTEC has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
Which performed better, KTEC or SPY?
Over the past year KTEC returned -17.33% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), KTEC annualized -10.74% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, KTEC or SPY?
KTEC has been the more volatile fund at 36.6% annualized versus 15.3% for SPY. Worst drawdown: KTEC -66.9% vs SPY -56.5%.
Should I hold both KTEC and SPY?
KTEC and SPY 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 KTEC and SPY?
KTEC and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, KTEC or SPY?
KTEC yields 3.88% while SPY yields 1.01%, so KTEC currently pays the higher dividend yield.
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