TRIO vs. KSPY

Last updated Aug 1, 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 13.07% vs 17.63% for KSPY. Their correlation of 0.84 means they have usually moved in the same direction. 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

In the year-to-date period, TRIO achieves a 6.52% return, which is significantly lower than KSPY's 8.18% return.

TRIO

• 1D: 0.35%
• 1M: 0.57%
• 6M: 5.35%
• YTD: 6.52%
• 1Y: 13.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.20%

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)
KSPY Kraneshares Hedgeye Hedged Equity Index ETF	$1.53M	$1.83M	$1.08M
TRIO MC Trio Equity Buffered ETF	$43.78K	$78.89K	$68.56K

TRIO vs. KSPY - Yearly Performance Comparison

	2026 (YTD)	2025
TRIO MC Trio Equity Buffered ETF	6.52%	11.70%
KSPY Kraneshares Hedgeye Hedged Equity Index ETF	8.18%	13.46%

Correlation

The correlation between TRIO and KSPY is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	0.84

The correlation between TRIO and KSPY has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

TRIO vs. KSPY — Risk / Return Rank

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

TRIO

TRIO Risk / Return Rank: 84
TRIO Sharpe Ratio Rank: 82
TRIO Sortino Ratio Rank: 85
TRIO Omega Ratio Rank: 85
TRIO Calmar Ratio Rank: 77
TRIO Martin Ratio Rank: 88

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.

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.

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.

	TRIO	KSPY	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.16	-0.22
Sortino ratio: Return per unit of downside risk	2.83	3.14	-0.32
Omega ratio: Gain probability vs. loss probability	1.37	1.45	-0.08
Calmar ratio: Return relative to maximum drawdown	2.77	3.74	-0.97
Martin ratio: Return relative to average drawdown	13.64	18.61	-4.97

TRIO vs. KSPY - Sharpe Ratio Comparison

The current TRIO Sharpe Ratio is 1.94, which is comparable to the KSPY Sharpe Ratio of 2.16. 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.

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	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.75%	-1.14%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	0.90%	+0.01%

Volatility

TRIO vs. KSPY - Volatility Comparison

MC Trio Equity Buffered ETF (TRIO) and Kraneshares Hedgeye Hedged Equity Index ETF (KSPY) have volatilities of 1.93% and 1.96%, 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.

Volatility by Period

	TRIO	KSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	1.96%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	5.17%	6.17%	-1.00%
Volatility (1Y) Calculated over the trailing 1-year period	6.39%	7.73%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.31%	10.42%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.31%	10.42%	-0.11%

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 8.46%, more than KSPY's 5.70% yield.

Position	TTM	2025	2024
KSPY Kraneshares Hedgeye Hedged Equity Index ETF	5.70%	6.16%	1.31%
TRIO MC Trio Equity Buffered ETF	8.46%	9.01%	0.00%

Frequently Asked Questions

Can I hold both TRIO and KSPY in my portfolio?

TRIO and KSPY have a correlation of 0.85, 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?

KSPY has higher volatility (1.96%) compared to TRIO (1.93%). 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 17.63% vs 13.07% for TRIO. On fees, TRIO is cheaper at 0.70% per year. Their volatility is very similar. 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 17.63% return vs 13.07%. 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 8.46%, compared with 5.70% for KSPY.

What is the main difference between TRIO and KSPY?

They also come from different issuers: McCarthy & Cox 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 (2.16 vs 1.94), 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.