Kraneshares Hedgeye Hedged Equity Index ETF (KSPY) belongs to the Equity Hedged category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with KSPY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KSPY
KSPY charges 0.78% annually. There are 15 ETFs in the Equity Hedged category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Global X S&P 500 Collar 95-110 ETF | 0.25% | 3.33M | Aug 2021 | KSPY vs XCLR | |
| Global X S&P 500 Tail Risk ETF | 0.25% | 4.87M | Aug 2021 | KSPY vs XTR | |
| Invesco S&P 500 Downside Hedged ETF | 0.39% | 74.50M | Dec 2012 | KSPY vs PHDG | |
| Simplify Hedged Equity ETF | 0.43% | 300.35M | Nov 2021 | KSPY vs HEQT | |
| Invesco QQQ Hedged Advantage ETF | 0.45% | — | May 2025 | KSPY vs QQHG |
Best Risk-Adjusted Alternatives to KSPY
KSPY has a PortfoliosLab risk / return rank of 90. There is 1 ETF in the Equity Hedged category with a higher risk-adjusted rank, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 94 | — | Jun 2024 | KSPY vs MAXJ | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 87 | 84.34M | Sep 2024 | KSPY vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 85 | 89.46M | Sep 2024 | KSPY vs RFLR | |
| MC Trio Equity Buffered ETF | 80 | — | Mar 2025 | KSPY vs TRIO | |
| Invesco QQQ Hedged Advantage ETF | 78 | — | May 2025 | KSPY vs QQHG |
Top Performing KSPY Alternatives (YTD)
KSPY is at 7.40% YTD. There are 9 ETFs in the Equity Hedged category with higher YTD returns, going as high as 63.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 63.35% | 84.34M | Sep 2024 | KSPY vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 14.16% | 89.46M | Sep 2024 | KSPY vs RFLR | |
| Horizon NASDAQ-100 Defined Risk ETF | 11.09% | 79.22M | Jul 2025 | KSPY vs QGRD | |
| Invesco S&P 500 Downside Hedged ETF | 10.72% | 74.50M | Dec 2012 | KSPY vs PHDG | |
| Invesco QQQ Hedged Advantage ETF | 9.31% | — | May 2025 | KSPY vs QQHG |
Lowest Volatility Alternatives to KSPY
KSPY has 7.58% 1-year volatility. There are 6 ETFs in the Equity Hedged category with lower 1-year volatility, going as low as 2.32%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 2.32% | — | Jun 2024 | KSPY vs MAXJ | |
| TrueShares Equity Hedge ETF | 5.19% | 14.52M | Jan 2026 | KSPY vs ONEH | |
| Equable Shares Hedged Equity ETF | 5.77% | 301.01M | May 2019 | KSPY vs HEDG | |
| MC Trio Equity Buffered ETF | 6.22% | — | Mar 2025 | KSPY vs TRIO | |
| Simplify Hedged Equity ETF | 6.71% | 300.35M | Nov 2021 | KSPY vs HEQT |
Lowest Drawdown Alternatives to KSPY
KSPY has a 1-year max drawdown of -4.46%. There are 2 ETFs in the Equity Hedged category with shallower 1-year drawdowns, going as shallow as -1.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | -1.70% | — | Jun 2024 | KSPY vs MAXJ | |
| Swan Hedged Equity US Large Cap ETF | -4.39% | 584.47M | Dec 2020 | KSPY vs HEGD | |
| MC Trio Equity Buffered ETF | -4.47% | — | Mar 2025 | KSPY vs TRIO | |
| Simplify Hedged Equity ETF | -5.09% | 300.35M | Nov 2021 | KSPY vs HEQT | |
| Cambria Value and Momentum ETF | -5.55% | 106.10M | Sep 2015 | KSPY vs VAMO |
Other ETFs from KraneShares
The 10 most viewed KraneShares ETFs shown here include KWEB, KMLM, KTEC and span 8 categories. AUM among these funds goes as high as $5B.
Often Compared With KSPY
Investors most often compare KSPY with THIR, HOLA, HEQQ. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare KSPY with Any Fund or Stock
Compare KSPY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KSPY with funds that move differently
Kraneshares Hedgeye Hedged Equity Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KSPY.
Explore KSPY Diversifiers