AGIX vs. SPY

Last updated Aug 6, 2026

AGIX (KraneShares Artificial Intelligence & Technology ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - AGIX is a Artificial Intelligence fund tracking the Solactive Etna Artificial General Intelligence Index, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, AGIX returned 41.17% vs 23.94% for SPY. Their correlation of 0.82 means they have usually moved in the same direction. AGIX charges 1.00%/yr vs 0.09%/yr for SPY.

Performance

AGIX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Artificial Intelligence & Technology ETF (AGIX) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGIX achieves a 22.77% return, which is significantly higher than SPY's 13.49% return.

AGIX

• 1D: -1.61%
• 1M: -2.11%
• 6M: 33.77%
• YTD: 22.77%
• 1Y: 41.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 32.94%

SPY

• 1D: -0.20%
• 1M: 2.46%
• 6M: 12.78%
• YTD: 13.49%
• 1Y: 23.94%
• 3Y*: 21.38%
• 5Y*: 13.23%
• 10Y*: 15.27%
• ALL TIME*: 10.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGIX KraneShares Artificial Intelligence & Technology ETF	$6.66M	$6.82M	$17.79M
SPY State Street SPDR S&P 500 ETF	$41.99B	$36.81B	$39.78B

AGIX vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AGIX KraneShares Artificial Intelligence & Technology ETF	22.77%	29.24%	12.92%
SPY State Street SPDR S&P 500 ETF	13.49%	17.72%	5.91%

Correlation

The correlation between AGIX and SPY is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.82

The correlation between AGIX and SPY has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.

AGIX vs. SPY - Sectors Allocation Comparison

Sectors	AGIX	SPY
Technology	69.0%	36.9%
Communication Services	8.2%	9.7%
Consumer Cyclical	4.7%	8.9%
Industrials	2.2%	7.6%
Financial Services	2.1%	12.5%
Utilities	1.4%	2.6%
Healthcare	0.9%	9.4%
Basic Materials	0.6%	1.9%
Consumer Defensive	-	4.8%
Energy	-	3.4%
Real Estate	-	2.0%

Return for Risk

AGIX vs. SPY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AGIX

AGIX Risk / Return Rank: 47
AGIX Sharpe Ratio Rank: 50
AGIX Sortino Ratio Rank: 48
AGIX Omega Ratio Rank: 45
AGIX Calmar Ratio Rank: 51
AGIX Martin Ratio Rank: 42

SPY

SPY Risk / Return Rank: 71
SPY Sharpe Ratio Rank: 72
SPY Sortino Ratio Rank: 69
SPY Omega Ratio Rank: 70
SPY Calmar Ratio Rank: 68
SPY Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AGIX vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Artificial Intelligence & Technology ETF (AGIX) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGIX	SPY	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.87	-0.44
Sortino ratio: Return per unit of downside risk	1.98	2.57	-0.59
Omega ratio: Gain probability vs. loss probability	1.24	1.33	-0.10
Calmar ratio: Return relative to maximum drawdown	2.08	2.71	-0.62
Martin ratio: Return relative to average drawdown	5.16	11.55	-6.38

AGIX vs. SPY - Sharpe Ratio Comparison

The current AGIX Sharpe Ratio is 1.43, which is comparable to the SPY Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of AGIX and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGIX vs. SPY - Drawdown Comparison

The maximum AGIX drawdown since its inception was -31.48%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AGIX and SPY.

Drawdown Indicators

	AGIX	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-31.48%	-55.19%	+23.71%
Max Drawdown (1Y) Largest decline over 1 year	-19.85%	-8.88%	-10.97%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-9.78%	-0.20%	-9.58%
Average Drawdown Average peak-to-trough decline	-6.19%	-9.01%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	2.08%	+5.91%

Volatility

AGIX vs. SPY - Volatility Comparison

KraneShares Artificial Intelligence & Technology ETF (AGIX) has a higher volatility of 10.35% compared to State Street SPDR S&P 500 ETF (SPY) at 4.10%. This indicates that AGIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGIX	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.35%	4.10%	+6.25%
Volatility (6M) Calculated over the trailing 6-month period	24.26%	10.32%	+13.94%
Volatility (1Y) Calculated over the trailing 1-year period	29.00%	12.88%	+16.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.23%	17.21%	+13.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.23%	17.96%	+12.27%

AGIX vs. SPY - Expense Ratio Comparison

AGIX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

AGIX vs. SPY - Dividend Comparison

AGIX's dividend yield for the trailing twelve months is around 0.98%, which matches SPY's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGIX KraneShares Artificial Intelligence & Technology ETF	0.98%	1.21%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	0.98%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both AGIX and SPY in my portfolio?

AGIX and SPY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGIX or SPY?

AGIX has higher volatility (10.35%) compared to SPY (4.10%). In terms of maximum drawdown, AGIX dropped -31.48% vs SPY's -55.19%.

Which ETF is better, AGIX or SPY?

On 1-year performance, AGIX leads with 41.17% vs 23.94% for SPY. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGIX or SPY?

Over the 1-year period, AGIX has performed better with a 41.17% return vs 23.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGIX or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 1.00% for AGIX.

Which ETF pays a higher dividend yield, AGIX or SPY?

AGIX and SPY have nearly identical dividend yields, around 0.98%.

What is the main difference between AGIX and SPY?

AGIX is categorized as Artificial Intelligence, while SPY is S&P 500. AGIX tracks Solactive Etna Artificial General Intelligence Index, while SPY tracks S&P 500 Index. They also come from different issuers: KraneShares and State Street. Their fees differ too: 1.00% for AGIX and 0.09% for SPY.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (1.87 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.