KALL vs SPYM
KraneShares MSCI All China Index ETF vs State Street SPDR Portfolio S&P 500 ETF
Which is better, KALL or SPYM?
Each has led over a different period.
SPYM has a lower expense ratio. KALL led over 1Y, SPYM over the full window.
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 | KALL | SPYM |
|---|---|---|
| Expense Ratio | 0.49% | 0.02%Best |
| AUM | $9M | $185.2B |
| Dividend Yield | 2.19% | 1.01% |
| Holdings | 210 | 509 |
| Volatility (annualized) | 26.1% | 15.6%Best |
| Max Drawdown | -56.3% | -34.3%Best |
| $10,000 over 10.3 years | $11,657 | $30,179Best |
| Fund Family | KraneShares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 12, 2015 | Nov 8, 2005 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 512 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. KALL has data through May 20, 2025 and SPYM through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 10.3 years row, are measured over the window both funds cover: Feb 13, 2015 to May 20, 2025 (10.3 years).
Risk: Volatility and Drawdowns
KALL has been the more volatile fund, with annualized monthly volatility of 26.1% compared with 15.6% for SPYM. 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 -56.3% for KALL and -34.3% for SPYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
KALL charges 0.49% per year while SPYM charges 0.02%. On a $10,000 position that is $49 vs $2 annually, a gap of $47 per year that compounds over a long holding period. On income, KALL currently yields 2.19% against 1.01% for SPYM.
You are not choosing between two funds in isolation.
Whichever of KALL and SPYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KALL or SPYM?
KALL has an expense ratio of 0.49% while SPYM charges 0.02%. SPYM is the cheaper option, by $47 a year on a $10,000 investment.
Which is riskier, KALL or SPYM?
KALL has been the more volatile fund at 26.1% annualized versus 15.6% for SPYM. Worst drawdown: KALL -56.3% vs SPYM -34.3%.
Should I hold both KALL and SPYM?
KALL and SPYM have a monthly-return correlation of 0.34, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, KALL or SPYM?
KALL yields 2.19% while SPYM yields 1.01%, so KALL currently pays the higher dividend yield.
Is SPYM better than KALL?
SPYM has a lower expense ratio. KALL led over 1Y, SPYM over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.