BUYO vs EQAL
KraneShares Man Buyout Beta Index ETF vs Invesco Russell 1000 Equal Weight ETF
Which is better, BUYO or EQAL?
BUYO has been ahead.
EQAL has a lower expense ratio. BUYO led over 1Y and the full window. EQAL is less concentrated, with 4.9% of the fund in its ten largest positions against 11.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BUYO | EQAL |
|---|---|---|
| Expense Ratio | 0.89% | 0.20%Best |
| AUM | $16M | $810M |
| Dividend Yield | 0.01% | 1.77% |
| Holdings | 328 | 2,024 |
| YTD Return | +14.76%Best | +10.53% |
| 1Y Return | +21.72%Best | +13.19% |
| 3Y Return (annualized) | - | +15.33% |
| 5Y Return (annualized) | - | +6.31% |
| Volatility (annualized) | 17.1% | 12.7%Best |
| Max Drawdown | -28.0% | -20.0%Best |
| $10,000 over 2 years | $12,798Best | $12,370 |
| Top 10 Weight | 11.2% | 4.9%Best |
| Fund Family | KraneShares | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Oct 8, 2024 | Dec 23, 2014 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 8, 2024 to Oct 14, 2026 (2 years).
BUYO vs EQAL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
BUYO vs EQAL Performance
KraneShares Man Buyout Beta Index ETF (BUYO) is an ETF from KraneShares and Invesco Russell 1000 Equal Weight ETF (EQAL) is an ETF from Invesco (US). Over the past year BUYO returned +21.72% while EQAL returned +13.19%. Year to date, BUYO is up 14.76% versus a gain of 10.53% for EQAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BUYO has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 12.7% for EQAL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.0% for BUYO and -20.0% for EQAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BUYO charges 0.89% per year while EQAL charges 0.20%. On a $10,000 position that is $89 vs $20 annually, a gap of $69 per year that compounds over a long holding period. On income, BUYO currently yields 0.01% against 1.77% for EQAL.
Holdings Overlap
50.9% of BUYO's money is in holdings EQAL also owns. 11.0% of EQAL's money is in holdings BUYO also owns.
The two portfolios partly overlap.
132 positions in common, counted across the 322 positions we hold weights for in BUYO and 959 in EQAL, against full books of 328 and 2,024.
What only one of them owns
Our book lists 797 positions for EQAL that do not appear in our book for BUYO (82.1% of the fund), and 182 for BUYO that do not appear in EQAL (46.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BUYO | Weight in EQAL | Difference |
|---|---|---|---|
| NWSANews Corp A | 1.61% | 0.06% | 1.55% |
| EHCEmcompass Health Corporation | 1.36% | 0.09% | 1.27% |
| TIGO:LUMillicom International Cellular Sa Common Stock | 0.82% | 0.41% | 0.41% |
| AMGAffiliated Managers Group Inc. | 1.13% | 0.07% | 1.06% |
| MORNMorningstar, Inc. | 0.95% | 0.06% | 0.89% |
| MTCHMatch Group Inc | 0.88% | 0.06% | 0.82% |
| GNRCGenerac Holdings, Inc. | 0.88% | 0.05% | 0.83% |
| AXSAxis Capital Holdings Ltd. | 0.85% | 0.06% | 0.79% |
| ONTOOnto Innovation Inc | 0.81% | 0.08% | 0.73% |
| NIQNiq Global Intelligence Plc | 0.83% | 0.06% | 0.77% |
50.9% of BUYO is already inside EQAL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BUYO or EQAL?
BUYO has an expense ratio of 0.89% while EQAL charges 0.20%. EQAL is the cheaper option, by $69 a year on a $10,000 investment.
Which performed better, BUYO or EQAL?
Over the past year BUYO returned +21.72% vs +13.19% for EQAL, so BUYO leads on 1-year performance. Over the longest common window we track (2 years), BUYO annualized +13.13% vs +11.22% for EQAL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUYO or EQAL?
BUYO has been the more volatile fund at 17.1% annualized versus 12.7% for EQAL. Worst drawdown: BUYO -28.0% vs EQAL -20.0%.
Should I hold both BUYO and EQAL?
BUYO and EQAL have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BUYO and EQAL?
50.9% of BUYO's money is in holdings EQAL also owns. 11.0% of EQAL's is in holdings BUYO also owns. They hold 132 positions in common, counted across the 322 positions we hold weights for in BUYO and 959 in EQAL.
Which pays a higher dividend, BUYO or EQAL?
BUYO yields 0.01% while EQAL yields 1.77%, so EQAL currently pays the higher dividend yield.
Is EQAL better than BUYO?
EQAL has a lower expense ratio. BUYO led over 1Y and the full window. EQAL is less concentrated, with 4.9% of the fund in its ten largest positions against 11.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.