TRIO vs. KSPY

Last updated Jun 4, 2026

TRIO (MC Trio Equity Buffered ETF) and KSPY (Kraneshares Hedgeye Hedged Equity Index ETF) are both Equity Hedged funds. TRIO is actively managed, while KSPY is passively managed. Over the past year, TRIO returned 14.67% vs 18.09% for KSPY. Their correlation of 0.82 suggests significant overlap in exposure. TRIO charges 0.70%/yr vs 0.78%/yr for KSPY.

Performance

TRIO vs. KSPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MC Trio Equity Buffered ETF (TRIO) and Kraneshares Hedgeye Hedged Equity Index ETF (KSPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TRIO having a 5.46% return and KSPY slightly lower at 5.43%.

TRIO

• 1D: -0.17%
• 1M: 1.73%
• YTD: 5.46%
• 6M: 6.09%
• 1Y: 14.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KSPY

• 1D: -0.28%
• 1M: 1.96%
• YTD: 5.43%
• 6M: 5.87%
• 1Y: 18.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRIO vs. KSPY - Yearly Performance Comparison

	2026 (YTD)	2025
TRIO MC Trio Equity Buffered ETF	5.46%	11.99%
KSPY Kraneshares Hedgeye Hedged Equity Index ETF	5.43%	15.05%

Correlation

The correlation between TRIO and KSPY is 0.81, 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	0.81
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.82

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

Return for Risk

TRIO vs. KSPY — Risk / Return Rank

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

TRIO

TRIO Risk / Return Rank: 77
TRIO Sharpe Ratio Rank: 75
TRIO Sortino Ratio Rank: 80
TRIO Omega Ratio Rank: 81
TRIO Calmar Ratio Rank: 67
TRIO Martin Ratio Rank: 83

KSPY

KSPY Risk / Return Rank: 85
KSPY Sharpe Ratio Rank: 80
KSPY Sortino Ratio Rank: 84
KSPY Omega Ratio Rank: 91
KSPY Calmar Ratio Rank: 80
KSPY Martin Ratio Rank: 91

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.

TRIO vs. KSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MC Trio Equity Buffered ETF (TRIO) 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.

	TRIO	KSPY	Difference
Sharpe ratio Return per unit of total volatility	2.40	2.60	-0.20
Sortino ratio Return per unit of downside risk	3.54	3.76	-0.22
Omega ratio Gain probability vs. loss probability	1.48	1.59	-0.11
Calmar ratio Return relative to maximum drawdown	3.30	4.07	-0.77
Martin ratio Return relative to average drawdown	16.55	21.74	-5.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRIO vs. KSPY - Sharpe Ratio Comparison

The current TRIO Sharpe Ratio is 2.40, which is comparable to the KSPY Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of TRIO 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.

Sharpe Ratios by Period

	TRIO	KSPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	2.60	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.17	+0.18

Drawdowns

TRIO vs. KSPY - Drawdown Comparison

The maximum TRIO drawdown since its inception was -9.88%, smaller than the maximum KSPY drawdown of -11.67%. Use the drawdown chart below to compare losses from any high point for TRIO and KSPY.

Drawdown Indicators

	TRIO	KSPY	Difference
Max Drawdown Largest peak-to-trough decline	-9.88%	-11.67%	+1.79%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	-4.46%	-0.01%
Current Drawdown Current decline from peak	-0.17%	-0.28%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.79%	-1.18%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	0.83%	+0.06%

Volatility

TRIO vs. KSPY - Volatility Comparison

MC Trio Equity Buffered ETF (TRIO) has a higher volatility of 1.01% compared to Kraneshares Hedgeye Hedged Equity Index ETF (KSPY) at 0.76%. This indicates that TRIO'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

	TRIO	KSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	0.76%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	4.77%	5.51%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	6.14%	7.00%	-0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.71%	10.53%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.71%	10.53%	+0.18%

TRIO vs. KSPY - Expense Ratio Comparison

TRIO has a 0.70% expense ratio, which is lower than KSPY's 0.78% expense ratio.

Dividends

TRIO vs. KSPY - Dividend Comparison

TRIO's dividend yield for the trailing twelve months is around 8.54%, more than KSPY's 5.85% yield.

Position	TTM	2025	2024
KSPY Kraneshares Hedgeye Hedged Equity Index ETF	5.85%	6.16%	1.31%
TRIO MC Trio Equity Buffered ETF	8.54%	9.01%	0.00%

Frequently Asked Questions

Can I hold both TRIO and KSPY in my portfolio?

TRIO and KSPY 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, TRIO or KSPY?

TRIO has higher volatility (1.01%) compared to KSPY (0.76%). In terms of maximum drawdown, TRIO dropped -9.88% vs KSPY's -11.67%.

Which ETF is better, TRIO or KSPY?

On 1-year performance, KSPY leads with 18.09% vs 14.67% for TRIO. On fees, TRIO is cheaper at 0.70% per year. On volatility, KSPY has been the lower-risk option at 0.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRIO or KSPY?

Over the 1-year period, KSPY has performed better with a 18.09% return vs 14.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRIO or KSPY?

TRIO is cheaper with a 0.70% expense ratio, compared with 0.78% for KSPY.

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

TRIO has the higher dividend yield at 8.54%, compared with 5.85% for KSPY.

What is the main difference between TRIO and KSPY?

They also come from different issuers: ETF Architect and KraneShares. Their fees differ too: 0.70% for TRIO and 0.78% for KSPY.

Which has better risk-adjusted returns?

KSPY currently has the higher Sharpe Ratio (2.60 vs 2.40), 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.