BUYO vs IQSM
KraneShares Man Buyout Beta Index ETF vs NYLIM Candriam US Mid Cap Equity ETF
Which is better, BUYO or IQSM?
Nearly the same fund. IQSM costs less.
IQSM has a lower expense ratio. BUYO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. IQSM is less concentrated, with 8.3% 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 | IQSM |
|---|---|---|
| Expense Ratio | 0.89% | 0.15%Best |
| AUM | $16M | $360M |
| Dividend Yield | 0.01% | 1.07% |
| Holdings | 328 | 248 |
| YTD Return | +14.76%Best | +10.14% |
| 1Y Return | +21.72%Best | +14.22% |
| 3Y Return (annualized) | - | +14.53% |
| Volatility (annualized) | 17.1% | 13.9%Best |
| Max Drawdown | -28.0% | -23.7%Best |
| $10,000 over 2 years | $12,798Best | $12,017 |
| Top 10 Weight | 11.2% | 8.3%Best |
| Fund Family | KraneShares | New York Life Investments |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Oct 8, 2024 | Oct 25, 2022 |
Not shown on this pair: 5Y Return (annualized).
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 IQSM 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 IQSM Performance
KraneShares Man Buyout Beta Index ETF (BUYO) is an ETF from KraneShares and NYLIM Candriam US Mid Cap Equity ETF (IQSM) is an ETF from New York Life Investments. Over the past year BUYO returned +21.72% while IQSM returned +14.22%. Year to date, BUYO is up 14.76% versus a gain of 10.14% for IQSM.
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 13.9% for IQSM. 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 -23.7% for IQSM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BUYO charges 0.89% per year while IQSM charges 0.15%. On a $10,000 position that is $89 vs $15 annually, a gap of $74 per year that compounds over a long holding period. On income, BUYO currently yields 0.01% against 1.07% for IQSM.
Holdings Overlap
26.0% of BUYO's money is in holdings IQSM also owns. 29.9% of IQSM's money is in holdings BUYO also owns.
IQSM and BUYO share little of their money.
65 positions in common, counted across the 322 positions we hold weights for in BUYO and 246 in IQSM, against full books of 328 and 248.
What only one of them owns
Our book lists 174 positions for IQSM that do not appear in our book for BUYO (67.6% of the fund), and 249 for BUYO that do not appear in IQSM (71.6%).
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 IQSM | Difference |
|---|---|---|---|
| NWSANews Corp A | 1.61% | 0.42% | 1.19% |
| EHCEmcompass Health Corporation | 1.36% | 0.48% | 0.88% |
| AMGAffiliated Managers Group Inc. | 1.13% | 0.39% | 0.74% |
| ONTOOnto Innovation Inc | 0.81% | 0.69% | 0.12% |
| WCCWesco International Inc | 0.74% | 0.70% | 0.04% |
| NTNXNutanix Inc - A | 0.65% | 0.75% | 0.10% |
| ARMKAramark Holdings | 0.74% | 0.57% | 0.17% |
| UUnity Software Inc. | 0.68% | 0.63% | 0.05% |
| GWREGuidewire Software Inc | 0.74% | 0.48% | 0.26% |
| DOCNDigitalocean Holdings Inc | 0.65% | 0.54% | 0.11% |
29.9% of IQSM is already inside BUYO.
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 IQSM?
BUYO has an expense ratio of 0.89% while IQSM charges 0.15%. IQSM is the cheaper option, by $74 a year on a $10,000 investment.
Which performed better, BUYO or IQSM?
Over the past year BUYO returned +21.72% vs +14.22% for IQSM, so BUYO leads on 1-year performance. Over the longest common window we track (2 years), BUYO annualized +13.13% vs +9.62% for IQSM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUYO or IQSM?
BUYO has been the more volatile fund at 17.1% annualized versus 13.9% for IQSM. Worst drawdown: BUYO -28.0% vs IQSM -23.7%.
Should I hold both BUYO and IQSM?
BUYO and IQSM have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BUYO and IQSM?
29.9% of IQSM's money is in holdings BUYO also owns. 29.9% of IQSM's is in holdings BUYO also owns. They hold 65 positions in common, counted across the 322 positions we hold weights for in BUYO and 246 in IQSM.
Which pays a higher dividend, BUYO or IQSM?
BUYO yields 0.01% while IQSM yields 1.07%, so IQSM currently pays the higher dividend yield.
Is IQSM better than BUYO?
IQSM has a lower expense ratio. BUYO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. IQSM is less concentrated, with 8.3% 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.