HCMTvsKSPYETF Comparison
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Direxion HCM Tactical Enhanced US ETF (HCMT) belongs to the Alternatives segment. KraneShares Hedgeye Hedged Equity Index ETF (KSPY) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. HCMT is more expensive with a Total Expense Ratio (TER) of 1.18%, versus 0.88% for KSPY. HCMT is up 0.85% year-to-date (YTD) with -$19M in YTD flows. KSPY performs better with 7.46% YTD performance, and +$57M in YTD flows. Run a side-by-side ETF comparison of HCMT and KSPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HCMT vs KSPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HCMT KSPY | -5.79%+0.92% | +3.87%+4.20% | +0.85%+7.46% | +15.03%+16.18% | +47.24%n/a | n/an/a |
| Flows | HCMT KSPY | -$14M+$13M | -$14M+$20M | -$19M+$57M | -$13M+$93M | +$238M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HCMT KSPY | +35.29%+7.98% | +28.22%+7.80% | +29.49%n/a | n/an/a |
| Max drawdown | HCMT KSPY | -15.61%-2.25% | -15.61%-4.44% | -36.18%n/a | n/an/a |
| Max drawdown duration | HCMT KSPY | 59d18d | 59d48d | 246dn/a | n/an/a |
Trading data
HCMT | KSPY | |
Last sale 7/31/2026 at 1:30 PM | $38.85 | $29.70 |
| Previous close 07/30/2026 | $38.32 | $29.52 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 30, 2026
1-year trailing difference
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HCMT
is actively managed and doesn’t replicate an indexHCMT | KSPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
HCMT | KSPY | |
|---|---|---|
| Last price | $38.85 | $29.70 |
| 1D performance | +1.39% | +0.59% |
| AuM | $563.27 M | $118.07 M |
| E/R | 1.18% | 0.88% |
Characteristics
HCMT | KSPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Direxion | KraneShares |
| Benchmark | - | Hedgeye Hedged Equity Index |
| N° of holdings | 495 | 496 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 22, 2023 | July 16, 2024 |
| ESG | No | No |
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Exposure
Countries
HCMT
USA
86.91%
Other
13.09%
KSPY
USA
97.34%
Other
2.66%
Sectors
HCMT
Technology
41.19%
Finance
11.84%
Consumer Non-Cycl.
7.89%
Healthcare
7.8%
Industrials
7.15%
Other
24.12%
KSPY
Technology
45.73%
Finance
13.14%
Consumer Non-Cycl.
8.76%
Healthcare
8.66%
Industrials
7.94%
Other
15.77%
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Diversification
HCMT
Total weight of top 15 holdings out of 15
38.8%
KSPY
Total weight of top 15 holdings out of 15
43.07%
Top 15 holdings
Data as of June 30, 2026
HCMT
NVIDIA Corp.
6.76%
Apple, Inc.
5.93%
Microsoft Corp.
3.86%
Amazon.com, Inc.
3.25%
Alphabet, Inc.
2.92%
Broadcom Inc.
2.49%
Alphabet, Inc.
2.33%
Micron Technology, Inc.
1.81%
Meta Platforms, Inc.
1.72%
Tesla, Inc.
1.65%
Eli Lilly & Co.
1.32%
Advanced Micro Devices, Inc.
1.32%
Berkshire Hathaway, Inc.
1.28%
JPMorgan Chase & Co.
1.22%
Intel Corp.
0.92%
KSPY
NVIDIA Corp.
7.50%
Apple, Inc.
6.58%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.77%
Alphabet, Inc.
2.58%
Micron Technology, Inc.
2.01%
Meta Platforms, Inc.
1.91%
Tesla, Inc.
1.83%
Eli Lilly & Co.
1.47%
Advanced Micro Devices, Inc.
1.47%
Berkshire Hathaway, Inc.
1.42%
JPMorgan Chase & Co.
1.36%
Intel Corp.
1.02%
Frequently asked questions about HCMT and KSPY
How have the HCMT and KSPY ETFs performed in 2026?
As of July 31, 2026, HCMT is up 0.85% year-to-date (YTD), while KSPY has returned 7.46%. That puts KSPY better performer ahead so far this year.
Which ETF is attracting more investor money: HCMT or KSPY?
Year-to-date, the HCMT ETF saw -$19M in flows, compared to +$57M for KSPY.
Which ETF is more volatile: HCMT or KSPY?
Over the past year, HCMT had a volatility of 28.22%, while KSPY experienced 7.8%.
Which ETF is bigger: HCMT or KSPY?
As of July 31, 2026, HCMT holds $563.27 M in assets under management (AUM), while KSPY manages $118.07 M.
What sectors do the HCMT and KSPY ETFs invest in?
HCMT leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, KSPY focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the HCMT ETF and KSPY ETF?
HCMT top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. KSPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: HCMT or KSPY?
HCMT holds 503 securities with 38.8% of its assets in the top 15. KSPY has 501 securities and a top 15 weight of 43.07%.
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Latest news about HCMT & KSPY
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