KWIN vs SPY
KraneShares Wahed Alternative Income Index ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | KWIN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.51% | 0.09% | |
| AUM | $60M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 322 | 505 | |
| YTD Return | +2.36% | +13.21% | |
| 1Y Return | - | +19.87% | |
| 3Y Return (annualized) | - | +21.16% | |
| 5Y Return (annualized) | - | +12.74% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -1.6% | -56.5% | |
| Fund Family | KraneShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Nov 5, 2025 | Jan 22, 1993 |
KWIN vs SPY Performance
KraneShares Wahed Alternative Income Index ETF (KWIN) is a ETF from KraneShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, KWIN is up 2.36% versus a gain of 13.21% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -1.6% for KWIN and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
KWIN charges 0.51% per year while SPY charges 0.09%. On a $10,000 position that is $51 vs $9 annually, a gap of $42 per year that compounds over a long holding period. On income, KWIN currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
KWIN and SPY share 29 holdings out of 504 unique holdings combined, representing a 10.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KWIN or SPY?
KWIN has an expense ratio of 0.51% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
What is the holdings overlap between KWIN and SPY?
KWIN and SPY share 29 common holdings with a 10.1% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, KWIN or SPY?
KWIN yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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