KSPY vs. KLXY
Compare and contrast key facts about Kraneshares Hedgeye Hedged Equity Index ETF (KSPY) and Kraneshares Global Luxury Index ETF (KLXY).
KSPY and KLXY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KSPY is a passively managed fund by KraneShares that tracks the performance of the Hedgeye Hedged Equity Index. It was launched on Jul 15, 2024. KLXY is a passively managed fund by KraneShares that tracks the performance of the Solactive Global Luxury Index - Benchmark TR Net. It was launched on Sep 6, 2023. Both KSPY and KLXY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KSPY vs. KLXY - Performance Comparison
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KSPY vs. KLXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KSPY Kraneshares Hedgeye Hedged Equity Index ETF | -0.11% | 13.89% | 3.43% |
KLXY Kraneshares Global Luxury Index ETF | -0.86% | 13.69% | -0.87% |
Returns By Period
In the year-to-date period, KSPY achieves a -0.11% return, which is significantly higher than KLXY's -0.86% return.
KSPY
- 1D
- 2.05%
- 1M
- -2.19%
- YTD
- -0.11%
- 6M
- 2.76%
- 1Y
- 14.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KLXY
- 1D
- 0.00%
- 1M
- -1.10%
- YTD
- -0.86%
- 6M
- 3.14%
- 1Y
- 15.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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KSPY vs. KLXY - Expense Ratio Comparison
KSPY has a 0.78% expense ratio, which is higher than KLXY's 0.69% expense ratio.
Return for Risk
KSPY vs. KLXY — Risk / Return Rank
KSPY
KLXY
KSPY vs. KLXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kraneshares Hedgeye Hedged Equity Index ETF (KSPY) and Kraneshares Global Luxury Index ETF (KLXY). 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.
| KSPY | KLXY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.50 | +0.75 |
Sortino ratioReturn per unit of downside risk | 1.89 | 0.88 | +1.01 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.11 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 0.63 | +1.25 |
Martin ratioReturn relative to average drawdown | 11.16 | 2.48 | +8.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KSPY | KLXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.50 | +0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.15 | +0.76 |
Correlation
The correlation between KSPY and KLXY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
KSPY vs. KLXY - Dividend Comparison
KSPY's dividend yield for the trailing twelve months is around 6.17%, more than KLXY's 0.85% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KSPY Kraneshares Hedgeye Hedged Equity Index ETF | 6.17% | 6.16% | 1.31% | 0.00% |
KLXY Kraneshares Global Luxury Index ETF | 0.85% | 0.84% | 0.74% | 0.15% |
Drawdowns
KSPY vs. KLXY - Drawdown Comparison
The maximum KSPY drawdown since its inception was -11.67%, smaller than the maximum KLXY drawdown of -26.57%. Use the drawdown chart below to compare losses from any high point for KSPY and KLXY.
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Drawdown Indicators
| KSPY | KLXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.67% | -26.57% | +14.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -14.06% | +6.06% |
Current DrawdownCurrent decline from peak | -2.51% | -3.20% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -8.13% | +6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 4.07% | -2.73% |
Volatility
KSPY vs. KLXY - Volatility Comparison
Kraneshares Hedgeye Hedged Equity Index ETF (KSPY) and Kraneshares Global Luxury Index ETF (KLXY) have volatilities of 4.03% and 3.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSPY | KLXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 3.97% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.24% | 12.89% | -6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.92% | 23.28% | -11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.98% | 20.80% | -9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.98% | 20.80% | -9.82% |