ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
KraneShares is known for offering thematic and alternatives-focused ETFs that target specialized investment areas beyond traditional equity and fixed income categories. The firm's four-fund lineup spans alternatives, income, and thematic strategies, with notable tickers including KWEB (a China-focused technology fund) and KIQQ (a nasdaq-100 covered call strategy), alongside positions in emerging sectors like cryptocurrency and commodities. The issuer carves out a niche by combining international exposure, particularly to Chinese markets, with modern income-generation strategies like covered calls.
See our curated list of related YouTube videos on KWEB.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.
See our curated list of related YouTube videos on SPY.
Seeks to provide investment results that correspond to the price and yield performance of the CSI Overseas China Internet Index.
Track the S&P 500 Index before expenses.
Asset class
Equity
Equity
Inception date
07/31/2013
01/22/1993
Beta
0.88
1.0
Last dividend
$2.0960
$1.9035
Ex-dividend date
12/22/2025
09/18/2026
Bottom lineChoose KWEB if you want higher current income (7.63% vs 1.01% for SPY). Choose SPY if you want simple, diversified core exposure in one low-cost fund.
Most used
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
KWEB has lagged SPY over the trailing twelve months, posting a -18.20% total return against 22.00%. The lead holds up over 10 years too: SPY has compounded at 15.11% a year, against 0.06% for KWEB. SPY has been the steadier holding, though — annualized volatility of 15.2% against 34.5% for KWEB. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 16, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Aug 2013” measures every fund from August 1, 2013 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
KWEB (KraneShares CSI China Internet ETF) and SPY (SPDR S&P 500 ETF Trust) are both dividend ETFs, but they take different approaches.
KWEB offers the higher yield at 7.63% vs 1.01% for SPY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SPY is cheaper with an expense ratio of 0.10% compared to 0.69%.
They track different benchmarks: KWEB is linked to CSI Overseas China Internet Index while SPY tracks S&P 500 Index, which means their performance drivers differ.
SPY is the larger fund by assets ($789B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose KWEB
KraneShares CSI China Internet ETF
Want higher current income — KWEB yields 7.63% vs 1.01% for SPY.
Want broad equity exposure.
Choose SPY
SPDR S&P 500 ETF Trust
Want simple, diversified core exposure as a portfolio building block.
Want to keep costs low — a 0.10% expense ratio vs 0.69% for KWEB.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, KWEB would generate roughly $63.58/month, while SPY would produce $8.42/month, at current distribution rates.
KWEB yield7.63%
SPY yield1.01%
Monthly diff on $10K$55.17
Cost & efficiency
Over 10 years on $10,000, KWEB would cost approximately $690 in fees vs $100 for SPY (simplified, not compounded). The $590.00 difference may be offset by yield or performance.
KWEB ER0.69%
SPY ER0.10%
Strategy & risk
KWEB tracks CSI Overseas China Internet Index with an international approach, while SPY tracks S&P 500 Index with a large cap approach. Beta is 0.88 for KWEB and 1.0 for SPY, indicating KWEB is less volatile relative to the market.
KWEB beta0.88
SPY beta1.0
Fund details
KWEB is managed by KraneShares (launched 07/31/2013) with $6.18B in assets. SPY is managed by State Street (launched 01/22/1993) with $789B in assets.
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Frequently asked questions
Is KWEB or SPY better for dividend income?
It depends on your goals. KWEB currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between KWEB and SPY?
KWEB (KraneShares CSI China Internet ETF) tracks CSI Overseas China Internet Index with an international approach, while SPY (SPDR S&P 500 ETF Trust) tracks S&P 500 Index with a large cap approach. They are issued by KraneShares and State Street respectively.
Can I hold both KWEB and SPY?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, KWEB or SPY?
KWEB has an expense ratio of 0.69% while SPY charges 0.10%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in KWEB vs SPY generate?
At current rates, $10,000 in KWEB would generate roughly $63.58 per month ($763.00 annually). The same in SPY would produce about $8.42 per month ($101.00 annually).
Which has performed better historically, KWEB or SPY?
KWEB has lagged SPY over the trailing twelve months, posting a -18.20% total return against 22.00%. The lead holds up over 10 years too: SPY has compounded at 15.11% a year, against 0.06% for KWEB. SPY has been the steadier holding, though — annualized volatility of 15.2% against 34.5% for KWEB. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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