KSPYvsSPYETF Comparison
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KraneShares Hedgeye Hedged Equity Index ETF (KSPY) belongs to the Options Strategies segment. State Street SPDR S&P 500 ETF Trust (SPY) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. KSPY is more expensive with a Total Expense Ratio (TER) of 0.88%, versus 0.0945% for SPY. KSPY is up 2.88% year-to-date (YTD) with +$37M in YTD flows. SPY performs better with 4.65% YTD performance, and -$18.27B in YTD flows. Run a side-by-side ETF comparison of KSPY and SPY 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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KSPY vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KSPY SPY | +5.02%+12.59% | +0.96%+2.59% | +2.88%+4.65% | +19.81%+30.59% | n/a+77.82% | n/a+82.69% |
| Flows | KSPY SPY | +$11M+$10.00B | +$38M-$2.85B | +$37M-$18.27B | +$74M-$12.00B | -+$44.21B | -+$70.46B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KSPY SPY | +9.62%+15.24% | +7.14%+12.45% | n/a+14.90% | n/a+16.92% |
| Max drawdown | KSPY SPY | -4.44%-8.88% | -4.44%-8.89% | n/a-18.74% | n/a-24.50% |
| Max drawdown duration | KSPY SPY | 48d75d | 48d76d | n/a126d | n/a708d |
Trading data
KSPY | SPY | |
Last sale 4/28/2026 at 7:28 PM | $28.22 | $708.51 |
| Previous close 04/28/2026 | $28.27 | $711.69 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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KSPY | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 7:28 PM
Live
Closed
KSPY | SPY | |
|---|---|---|
| Last price | $28.22 | $708.51 |
| 1D performance | -0.19% | -0.45% |
| AuM | $93.26 M | $724.29 B |
| E/R | 0.88% | 0.0945% |
Characteristics
KSPY | SPY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | State Street Investment Management |
| Benchmark | Hedgeye Hedged Equity Index | S&P 500 Index |
| N° of holdings | 478 | 478 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 16, 2024 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
KSPY
USA
95.91%
Other
4.09%
SPY
USA
96.95%
Other
3.05%
Sectors
KSPY
Information Techn.
33.57%
Financials
10.28%
Communication Ser.
10.12%
Consumer Discreti.
9.91%
Health Care
9.22%
Industrials
8.24%
Other
18.66%
SPY
Information Techn.
33.93%
Financials
10.39%
Communication Ser.
10.23%
Consumer Discreti.
10.01%
Health Care
9.32%
Industrials
8.33%
Other
17.78%
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Diversification
KSPY
Total weight of top 15 holdings out of 15
42.05%
SPY
Total weight of top 15 holdings out of 15
42.5%
Top 15 holdings
Data as of March 31, 2026
KSPY
NVIDIA
7.50%
APPLE
6.59%
MICROSOFT-T
4.86%
AMAZON.COM INC
3.60%
ALPHABET INC-CL
2.96%
BROADCOM LIMITED
2.60%
ALPHABET INC-CL
2.37%
META PLATFORMS
2.21%
TESLA
1.85%
BERKSHIRE HATHWAY
1.55%
JPMORGAN CHASE
1.40%
LILLY
1.29%
EXXON
1.25%
JOHNSON&JOHNSON
1.04%
WALMART INC
0.96%
SPY
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.91%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.42%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about KSPY and SPY
How have the KSPY and SPY ETFs performed in 2026?
As of April 27, 2026, KSPY is up 2.88% year-to-date (YTD), while SPY has returned 4.65%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: KSPY or SPY?
Year-to-date, the KSPY ETF saw +$37M in flows, compared to -$18.27B for SPY.
Which ETF is more volatile: KSPY or SPY?
Over the past year, KSPY had a volatility of 7.14%, while SPY experienced 12.45%.
Which ETF is bigger: KSPY or SPY?
As of April 27, 2026, KSPY holds $93.26 M in assets under management (AUM), while SPY manages $724.29 B.
What sectors do the KSPY and SPY ETFs invest in?
KSPY leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, SPY focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the KSPY ETF and SPY ETF?
KSPY top holdings include NVIDIA, APPLE and MICROSOFT-T. SPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: KSPY or SPY?
KSPY holds 502 securities with 42.05% of its assets in the top 15. SPY has 502 securities and a top 15 weight of 42.5%.
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