KSPY vs. SCEP
KSPY (Kraneshares Hedgeye Hedged Equity Index ETF) and SCEP (Sterling Capital Hedged Equity Premium Income ETF) are both Equity Hedged funds. KSPY is passively managed, while SCEP is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. KSPY charges 0.78%/yr vs 0.65%/yr for SCEP.
Performance
KSPY vs. SCEP - Performance Comparison
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Returns By Period
In the year-to-date period, KSPY achieves a 4.57% return, which is significantly higher than SCEP's 2.08% return.
KSPY
- 1D
- -0.91%
- 1M
- 0.49%
- YTD
- 4.57%
- 6M
- 4.76%
- 1Y
- 17.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCEP
- 1D
- -1.88%
- 1M
- -1.22%
- YTD
- 2.08%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KSPY vs. SCEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KSPY Kraneshares Hedgeye Hedged Equity Index ETF | 4.57% | -0.10% |
SCEP Sterling Capital Hedged Equity Premium Income ETF | 2.08% | -0.50% |
Correlation
The correlation between KSPY and SCEP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025 | 0.82 |
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Return for Risk
KSPY vs. SCEP — Risk / Return Rank
KSPY
SCEP
KSPY vs. SCEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kraneshares Hedgeye Hedged Equity Index ETF (KSPY) and Sterling Capital Hedged Equity Premium Income ETF (SCEP). 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 | SCEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.56 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | — | — |
| Martin ratioReturn relative to average drawdown | 20.81 | — | — |
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 | SCEP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.33 | +0.78 |
Drawdowns
KSPY vs. SCEP - Drawdown Comparison
The maximum KSPY drawdown since its inception was -11.67%, which is greater than SCEP's maximum drawdown of -7.25%. Use the drawdown chart below to compare losses from any high point for KSPY and SCEP.
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Drawdown Indicators
| KSPY | SCEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.67% | -7.25% | -4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -1.93% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -1.18% | -1.58% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | — | — |
Volatility
KSPY vs. SCEP - Volatility Comparison
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Volatility by Period
| KSPY | SCEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.06% | 10.17% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.53% | 10.17% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.53% | 10.17% | +0.36% |
KSPY vs. SCEP - Expense Ratio Comparison
KSPY has a 0.78% expense ratio, which is higher than SCEP's 0.65% expense ratio.
Dividends
KSPY vs. SCEP - Dividend Comparison
KSPY's dividend yield for the trailing twelve months is around 5.89%, more than SCEP's 3.30% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KSPY Kraneshares Hedgeye Hedged Equity Index ETF | 5.89% | 6.16% | 1.31% |
SCEP Sterling Capital Hedged Equity Premium Income ETF | 3.30% | 0.38% | 0.00% |
Frequently Asked Questions
KSPY and SCEP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCEP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCEP is cheaper with a 0.65% expense ratio, compared with 0.78% for KSPY.
KSPY has the higher dividend yield at 5.89%, compared with 3.30% for SCEP.
They also come from different issuers: KraneShares and Sterling Capital. Their fees differ too: 0.78% for KSPY and 0.65% for SCEP.
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