KOID vs. KSPY

Last updated Aug 2, 2026

KOID (KraneShares Global Humanoid and Embodied Intelligence Index ETF) and KSPY (Kraneshares Hedgeye Hedged Equity Index ETF) are both exchange-traded funds - KOID is a Technology Equities fund tracking the MerQube Global Humanoid and Embodied Intelligence Index, while KSPY is a Equity Hedged fund tracking the Hedgeye Hedged Equity Index. Both are passively managed. Over the past year, KOID returned 38.95% vs 17.63% for KSPY. Their 0.60 correlation means they have sometimes moved together and sometimes differently. KOID charges 0.69%/yr vs 0.78%/yr for KSPY.

Performance

KOID vs. KSPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Global Humanoid and Embodied Intelligence Index ETF (KOID) and Kraneshares Hedgeye Hedged Equity Index ETF (KSPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KOID achieves a 14.89% return, which is significantly higher than KSPY's 8.18% return.

KOID

• 1D: 0.85%
• 1M: -9.05%
• 6M: 8.58%
• YTD: 14.89%
• 1Y: 38.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 38.83%

KSPY

• 1D: 0.59%
• 1M: 1.57%
• 6M: 6.05%
• YTD: 8.18%
• 1Y: 17.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.66%

*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)
KOID KraneShares Global Humanoid and Embodied Intelligence Index ETF	$4.85M	$7.23M	$7.43M
KSPY Kraneshares Hedgeye Hedged Equity Index ETF	$1.53M	$1.83M	$1.08M

KOID vs. KSPY - Yearly Performance Comparison

	2026 (YTD)	2025
KOID KraneShares Global Humanoid and Embodied Intelligence Index ETF	14.89%	27.04%
KSPY Kraneshares Hedgeye Hedged Equity Index ETF	8.18%	11.88%

Correlation

The correlation between KOID and KSPY is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.60

The correlation between KOID and KSPY has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.

KOID vs. KSPY - Sectors Allocation Comparison

Sectors	KOID	KSPY
Technology	43.5%	37.9%
Industrials	37.0%	8.4%
Consumer Cyclical	14.8%	9.6%
Basic Materials	4.8%	1.7%
Communication Services	-	10.0%
Consumer Defensive	-	4.6%
Energy	-	3.0%
Financial Services	-	11.7%
Healthcare	-	9.1%
Real Estate	-	1.9%
Utilities	-	2.3%

Return for Risk

KOID vs. KSPY — Risk / Return Rank

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

KOID

KOID Risk / Return Rank: 53
KOID Sharpe Ratio Rank: 55
KOID Sortino Ratio Rank: 54
KOID Omega Ratio Rank: 52
KOID Calmar Ratio Rank: 54
KOID Martin Ratio Rank: 48

KSPY

KSPY Risk / Return Rank: 91
KSPY Sharpe Ratio Rank: 88
KSPY Sortino Ratio Rank: 90
KSPY Omega Ratio Rank: 92
KSPY Calmar Ratio Rank: 89
KSPY Martin Ratio Rank: 94

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.

KOID vs. KSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Humanoid and Embodied Intelligence Index ETF (KOID) and Kraneshares Hedgeye Hedged Equity Index ETF (KSPY). 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.

	KOID	KSPY	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.16	-0.83
Sortino ratio: Return per unit of downside risk	1.89	3.14	-1.26
Omega ratio: Gain probability vs. loss probability	1.23	1.45	-0.22
Calmar ratio: Return relative to maximum drawdown	1.93	3.74	-1.81
Martin ratio: Return relative to average drawdown	5.58	18.61	-13.04

KOID vs. KSPY - Sharpe Ratio Comparison

The current KOID Sharpe Ratio is 1.33, which is lower than the KSPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of KOID and KSPY, 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

KOID vs. KSPY - Drawdown Comparison

The maximum KOID drawdown since its inception was -19.63%, which is greater than KSPY's maximum drawdown of -11.67%. Use the drawdown chart below to compare losses from any high point for KOID and KSPY.

Drawdown Indicators

	KOID	KSPY	Difference
Max Drawdown Largest peak-to-trough decline	-19.63%	-11.67%	-7.96%
Max Drawdown (1Y) Largest decline over 1 year	-19.63%	-4.46%	-15.17%
Current Drawdown Current decline from peak	-15.42%	0.00%	-15.42%
Average Drawdown Average peak-to-trough decline	-4.16%	-1.14%	-3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.78%	0.90%	+5.88%

Volatility

KOID vs. KSPY - Volatility Comparison

KraneShares Global Humanoid and Embodied Intelligence Index ETF (KOID) has a higher volatility of 11.09% compared to Kraneshares Hedgeye Hedged Equity Index ETF (KSPY) at 1.96%. This indicates that KOID's price experiences larger fluctuations and is considered to be riskier than KSPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KOID	KSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.09%	1.96%	+9.13%
Volatility (6M) Calculated over the trailing 6-month period	24.03%	6.17%	+17.86%
Volatility (1Y) Calculated over the trailing 1-year period	28.48%	7.73%	+20.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.36%	10.42%	+16.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.36%	10.42%	+16.94%

KOID vs. KSPY - Expense Ratio Comparison

KOID has a 0.69% expense ratio, which is lower than KSPY's 0.78% expense ratio.

Dividends

KOID vs. KSPY - Dividend Comparison

KOID's dividend yield for the trailing twelve months is around 0.74%, less than KSPY's 5.70% yield.

Position	TTM	2025	2024
KOID KraneShares Global Humanoid and Embodied Intelligence Index ETF	0.74%	0.85%	0.00%
KSPY Kraneshares Hedgeye Hedged Equity Index ETF	5.70%	6.16%	1.31%

Frequently Asked Questions

Can I hold both KOID and KSPY in my portfolio?

KOID and KSPY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KOID or KSPY?

KOID has higher volatility (11.09%) compared to KSPY (1.96%). In terms of maximum drawdown, KOID dropped -19.63% vs KSPY's -11.67%.

Which ETF is better, KOID or KSPY?

On 1-year performance, KOID leads with 38.95% vs 17.63% for KSPY. On fees, KOID is cheaper at 0.69% per year. On volatility, KSPY has been the lower-risk option at 1.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KOID or KSPY?

Over the 1-year period, KOID has performed better with a 38.95% return vs 17.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KOID or KSPY?

KOID is cheaper with a 0.69% expense ratio, compared with 0.78% for KSPY.

Which ETF pays a higher dividend yield, KOID or KSPY?

KSPY has the higher dividend yield at 5.70%, compared with 0.74% for KOID.

What is the main difference between KOID and KSPY?

KOID is categorized as Technology Equities, while KSPY is Equity Hedged. KOID tracks MerQube Global Humanoid and Embodied Intelligence Index, while KSPY tracks Hedgeye Hedged Equity Index. Their fees differ too: 0.69% for KOID and 0.78% for KSPY.

Which has better risk-adjusted returns?

KSPY currently has the higher Sharpe Ratio (2.16 vs 1.33), 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.