BUYO vs. AFSC

Last updated Jul 1, 2026

BUYO (KraneShares Man Buyout Beta Index ETF) and AFSC (abrdn Focused U.S. Small Cap Active ETF) are both Small Cap Blend Equities funds. BUYO is passively managed, while AFSC is actively managed. Over the past year, BUYO returned 34.64% vs 38.24% for AFSC. Their correlation of 0.89 suggests significant overlap in exposure. BUYO charges 0.89%/yr vs 0.65%/yr for AFSC.

Performance

BUYO vs. AFSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Man Buyout Beta Index ETF (BUYO) and abrdn Focused U.S. Small Cap Active ETF (AFSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUYO achieves a 21.28% return, which is significantly lower than AFSC's 29.10% return.

BUYO

• 1D: 1.25%
• 1M: 6.83%
• YTD: 21.28%
• 6M: 20.02%
• 1Y: 34.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFSC

• 1D: 1.13%
• 1M: 10.65%
• YTD: 29.10%
• 6M: 26.76%
• 1Y: 38.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BUYO vs. AFSC - Yearly Performance Comparison

	2026 (YTD)	2025
BUYO KraneShares Man Buyout Beta Index ETF	21.28%	6.98%
AFSC abrdn Focused U.S. Small Cap Active ETF	29.10%	2.33%

Correlation

The correlation between BUYO and AFSC is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025	0.89

The correlation between BUYO and AFSC has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

BUYO vs. AFSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BUYO

BUYO Risk / Return Rank: 72
BUYO Sharpe Ratio Rank: 70
BUYO Sortino Ratio Rank: 71
BUYO Omega Ratio Rank: 63
BUYO Calmar Ratio Rank: 78
BUYO Martin Ratio Rank: 77

AFSC

AFSC Risk / Return Rank: 75
AFSC Sharpe Ratio Rank: 74
AFSC Sortino Ratio Rank: 73
AFSC Omega Ratio Rank: 64
AFSC Calmar Ratio Rank: 82
AFSC Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUYO vs. AFSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Man Buyout Beta Index ETF (BUYO) and abrdn Focused U.S. Small Cap Active ETF (AFSC). 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.

	BUYO	AFSC	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.02	-0.10
Sortino ratio: Return per unit of downside risk	2.72	2.82	-0.10
Omega ratio: Gain probability vs. loss probability	1.32	1.33	-0.01
Calmar ratio: Return relative to maximum drawdown	3.45	3.73	-0.28
Martin ratio: Return relative to average drawdown	12.59	14.19	-1.60

BUYO vs. AFSC - Sharpe Ratio Comparison

The current BUYO Sharpe Ratio is 1.92, which is comparable to the AFSC Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of BUYO and AFSC, 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

BUYO vs. AFSC - Drawdown Comparison

The maximum BUYO drawdown since its inception was -28.01%, which is greater than AFSC's maximum drawdown of -21.93%. Use the drawdown chart below to compare losses from any high point for BUYO and AFSC.

Drawdown Indicators

	BUYO	AFSC	Difference
Max Drawdown Largest peak-to-trough decline	-28.01%	-21.93%	-6.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-10.29%	+0.22%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.57%	-4.06%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.70%	+0.06%

Volatility

BUYO vs. AFSC - Volatility Comparison

The current volatility for KraneShares Man Buyout Beta Index ETF (BUYO) is 4.98%, while abrdn Focused U.S. Small Cap Active ETF (AFSC) has a volatility of 5.35%. This indicates that BUYO experiences smaller price fluctuations and is considered to be less risky than AFSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUYO	AFSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	5.35%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	13.70%	14.69%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	18.08%	18.98%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.51%	22.43%	-0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.51%	22.43%	-0.92%

BUYO vs. AFSC - Expense Ratio Comparison

BUYO has a 0.89% expense ratio, which is higher than AFSC's 0.65% expense ratio.

Dividends

BUYO vs. AFSC - Dividend Comparison

BUYO's dividend yield for the trailing twelve months is around 0.01%, less than AFSC's 0.06% yield.

Position	TTM	2025	2024
AFSC abrdn Focused U.S. Small Cap Active ETF	0.06%	0.08%	0.00%
BUYO KraneShares Man Buyout Beta Index ETF	0.01%	0.01%	0.04%

Frequently Asked Questions

Can I hold both BUYO and AFSC in my portfolio?

BUYO and AFSC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUYO or AFSC?

AFSC has higher volatility (5.35%) compared to BUYO (4.98%). In terms of maximum drawdown, BUYO dropped -28.01% vs AFSC's -21.93%.

Which ETF is better, BUYO or AFSC?

On 1-year performance, AFSC leads with 38.24% vs 34.64% for BUYO. On fees, AFSC is cheaper at 0.65% per year. On volatility, BUYO has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUYO or AFSC?

Over the 1-year period, AFSC has performed better with a 38.24% return vs 34.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUYO or AFSC?

AFSC is cheaper with a 0.65% expense ratio, compared with 0.89% for BUYO.

Which ETF pays a higher dividend yield, BUYO or AFSC?

AFSC has the higher dividend yield at 0.06%, compared with 0.01% for BUYO.

What is the main difference between BUYO and AFSC?

They also come from different issuers: KraneShares and Aberdeen. Their fees differ too: 0.89% for BUYO and 0.65% for AFSC.

Which has better risk-adjusted returns?

AFSC currently has the higher Sharpe Ratio (2.02 vs 1.92), 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.