KURE vs SPY
KraneShares MSCI All China Health Care 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 | KURE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $98M | $789.1B | |
| Dividend Yield | 4.50% | 1.01% | |
| Holdings | 54 | 505 | |
| YTD Return | +7.30% | +14.47% | |
| 1Y Return | -3.36% | +21.96% | |
| 3Y Return (annualized) | +3.68% | +21.70% | |
| 5Y Return (annualized) | -10.14% | +13.30% | |
| Volatility (annualized) | 28.2% | 15.3% | |
| Max Drawdown | -68.5% | -56.5% | |
| Fund Family | KraneShares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 31, 2018 | Jan 22, 1993 |
KURE vs SPY Performance
KraneShares MSCI All China Health Care Index ETF (KURE) 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 KURE returned -3.36% while SPY returned +21.96%. Year to date, KURE is up 7.30% versus a gain of 14.47% for SPY.
Over three years, KURE compounded at +3.68% per year against +21.70% for SPY; over five years the annualized figures are -10.14% and +13.30% respectively. Across the full 9-year window we track, SPY has the edge at +8.87% annualized vs -0.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KURE has been the more volatile fund, with annualized monthly volatility of 28.2% 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 -68.5% for KURE 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KURE charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, KURE currently yields 4.50% against 1.01% for SPY.
Holdings Overlap
KURE and SPY share 0 holdings out of 548 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, KURE or SPY?
KURE has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, KURE or SPY?
Over the past year KURE returned -3.36% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), KURE annualized -0.98% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, KURE or SPY?
KURE has been the more volatile fund at 28.2% annualized versus 15.3% for SPY. Worst drawdown: KURE -68.5% vs SPY -56.5%.
Should I hold both KURE and SPY?
KURE and SPY have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KURE and SPY?
KURE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 548 unique securities.
Which pays a higher dividend, KURE or SPY?
KURE yields 4.50% while SPY yields 1.01%, so KURE currently pays the higher dividend yield.
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