SPYvsKSPYETF Comparison
VS
State Street SPDR S&P 500 ETF Trust (SPY) belongs to the US Large Cap 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. SPY is less expensive with a Total Expense Ratio (TER) of 0.0945%, versus 0.88% for KSPY. SPY is up 13.33% year-to-date (YTD) with +$2.77B in YTD flows. KSPY performs worse with 8.52% YTD performance, and +$60M in YTD flows. Run a side-by-side ETF comparison of SPY 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
SPY vs KSPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPY KSPY | +2.33%+1.36% | +4.95%+4.67% | +13.33%+8.52% | +22.84%+17.36% | +77.02%n/a | +85.86%n/a |
| Flows | SPY KSPY | -$1.46B+$15M | +$17.22B+$23M | +$2.77B+$60M | +$18.46B+$96M | +$61.17B- | +$89.15B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPY KSPY | +13.75%+8.00% | +12.86%+7.71% | +15.09%n/a | +17.03%n/a |
| Max drawdown | SPY KSPY | -4.46%-2.25% | -8.89%-4.44% | -18.74%n/a | -24.50%n/a |
| Max drawdown duration | SPY KSPY | 59d18d | 76d48d | 126dn/a | 708dn/a |
Trading data
SPY | KSPY | |
Last sale 8/7/2026 at 1:30 PM | $773.26 | $29.87 |
| Previous close 08/06/2026 | $768.56 | $29.87 |
| Consolidated volume 08/06/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
SPY | KSPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 8/7/2026 at 1:30 PM
Live
Closed
SPY | KSPY | |
|---|---|---|
| Last price | $773.26 | $29.87 |
| 1D performance | +0.61% | +0.03% |
| AuM | $805.19 B | $122.21 M |
| E/R | 0.0945% | 0.88% |
Characteristics
SPY | KSPY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | KraneShares |
| Benchmark | S&P 500 Index | Hedgeye Hedged Equity Index |
| N° of holdings | 496 | 496 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 22, 1993 | July 16, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
SPY
USA
97.3%
Other
2.7%
KSPY
USA
97.34%
Other
2.66%
Sectors
SPY
Technology
45.7%
Finance
13.13%
Consumer Non-Cycl.
8.76%
Healthcare
8.66%
Industrials
7.93%
Other
15.81%
KSPY
Technology
45.73%
Finance
13.14%
Consumer Non-Cycl.
8.76%
Healthcare
8.66%
Industrials
7.94%
Other
15.77%
Advertisement
Diversification
SPY
Total weight of top 15 holdings out of 15
43.05%
KSPY
Total weight of top 15 holdings out of 15
43.07%
Top 15 holdings
Data as of June 30, 2026
SPY
NVIDIA Corp.
7.50%
Apple, Inc.
6.57%
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%
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 SPY and KSPY
How have the SPY and KSPY ETFs performed in 2026?
As of August 6, 2026, SPY is up 13.33% year-to-date (YTD), while KSPY has returned 8.52%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: SPY or KSPY?
Year-to-date, the SPY ETF saw +$2.77B in flows, compared to +$60M for KSPY.
Which ETF is more volatile: SPY or KSPY?
Over the past year, SPY had a volatility of 12.86%, while KSPY experienced 7.71%.
Which ETF is bigger: SPY or KSPY?
As of August 6, 2026, SPY holds $805.19 B in assets under management (AUM), while KSPY manages $122.21 M.
What sectors do the SPY and KSPY ETFs invest in?
SPY 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 SPY ETF and KSPY ETF?
SPY 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: SPY or KSPY?
SPY holds 501 securities with 43.05% of its assets in the top 15. KSPY has 501 securities and a top 15 weight of 43.07%.
Advertisement
Latest news about SPY & KSPY
MoneyShow Chart of the Day 1/21/2026: The "Sell America" Trade is Back. Will it Stick?
January 21, 2026
SPY
MoneyShow Chart of the Day 11/12/2025: With the Shutdown Behind Us, Will the Bulls Take Over?
November 12, 2025
SPY
MoneyShow Chart of the Day 11/06/2025: How Worried Should You REALLY be About this Chart?
November 6, 2025
SPY
MoneyShow Chart of the Day 10/29/2025: Yes, this Bull IS Still Young!
October 29, 2025
SPY
Advertisement
Advertisement
