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KWIN vs SPY

Comparison between KraneShares Wahed Alternative Income Index ETF (KWIN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

KWIN vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
KWIN
$48M
Winner
SPY
$735B
Expense Ratio
KWIN
0.51%
Winner
SPY
0.09%
Max Drawdown
Winner
KWIN
0.93%
SPY
56.47%
Sharpe Ratio
KWIN
0.11
Winner
SPY
1.62
5Y Beta
Winner
KWIN
0.03
SPY
1.00
P/E Ratio
KWIN
31.93
Winner
SPY
28.99
Forward P/E
KWIN
24.72
Winner
SPY
22.37
PEG Ratio
KWIN
1.35
SPY
N/A
5Y Dividends CAGR
KWIN
N/A
SPY
5.43%
5Y EPS CAGR
KWIN
23.70%
Winner
SPY
26.05%
Debt to Equity
Winner
KWIN
-30.27%
SPY
32.40%
P/S Ratio
KWIN
4.39
Winner
SPY
3.74
P/B Ratio
KWIN
6.70
Winner
SPY
5.61

KWIN vs SPY - Holdings Comparison

KWIN and SPY have 28 common holdings. Overlap is 9.60%

KWIN's top 25 holdings weight is 85.77%. SPY's top 25 holdings weight is 52.37%.

RankKWINSPY
#1
AMAZON.COM INC (AMZN) - 4.86%
NVIDIA CORP (NVDA) - 8.10%
#2
ARISTA NETWORKS INC (ANET) - 4.85%
APPLE INC (AAPL) - 7.02%
#3
INTUITIVE SURGICAL INC (ISRG) - 4.76%
MICROSOFT CORP (MSFT) - 4.79%
#4
ADVANCED MICRO DEVICES INC (AMD) - 4.60%
AMAZON.COM INC (AMZN) - 4.02%
#5
LULULEMON ATHLETICA INC (LULU) - 4.26%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
CADENCE DESIGN SYSTEMS INC (CDNS) - 4.16%
BROADCOM INC (AVGO) - 3.10%
#7
FORTINET INC (FTNT) - 4.13%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
O'REILLY AUTOMOTIVE INC (ORLY) - 3.91%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
SYNOPSYS INC (SNPS) - 3.73%
TESLA INC (TSLA) - 1.89%
#10
AUTOZONE INC (AZO) - 3.72%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 3.72%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
FIRST SOLAR INC (FSLR) - 3.58%
ELI LILLY AND CO (LLY) - 1.31%
#13
TESLA INC (TSLA) - 3.48%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
PALO ALTO NETWORKS INC (PANW) - 3.43%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
UBER TECHNOLOGIES INC (UBER) - 3.42%
EXXON MOBIL CORP (XOM) - 0.97%
#16
ADOBE INC (ADBE) - 3.15%
INTEL CORP (INTC) - 0.90%
#17
FAIR ISAAC CORP (FICO) - 2.99%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
AUTODESK INC (ADSK) - 2.91%
VISA INC CLASS A (V) - 0.85%
#19
DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 2.81%
WALMART INC (WMT) - 0.81%
#20
BOSTON SCIENTIFIC CORP (BSX) - 2.79%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
SUPER MICRO COMPUTER INC (SMCI) - 2.29%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
WORKDAY INC CLASS A (WDAY) - 2.23%
CATERPILLAR INC (CAT) - 0.66%
#23
SERVICENOW INC (NOW) - 2.18%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
FISERV INC (FISV) - 1.94%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
THE TRADE DESK INC CLASS A (TTD) - 1.87%
ABBVIE INC (ABBV) - 0.58%
Total Holdings354505

KWIN vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
KWIN
+0.39%
Winner
SPY
+1.90%
3M
KWIN
+0.70%
Winner
SPY
+8.55%
6M
KWIN
+1.62%
Winner
SPY
+8.18%
1Y
KWIN
N/A
SPY
+25.79%
5Y(CAGR)
KWIN
N/A
SPY
+13.32%
10Y(CAGR)
KWIN
N/A
SPY
+15.19%
Max(CAGR)
KWIN
+3.99%
Winner
SPY
+8.47%

KWIN vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearKWINSPY
2026+1.49%+8.26%
2025+0.87%+18.00%
2024N/A+25.59%
2023N/A+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

KWIN vs SPY Drawdown Comparison

The maximum drawdown for KWIN was -0.93%, occurring on Nov 28, 2025. Recovery took 47 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current KWIN drawdown is -0.16%. The current SPY drawdown is -2.90%.

RankKWINSPY
#1-0.93%
Nov 25, 2025 - Feb 4, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-0.83%
Nov 19, 2025 - Nov 21, 2025		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-0.47%
Feb 17, 2026 - Mar 4, 2026		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-0.43%
Mar 18, 2026 - Apr 6, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-0.31%
Mar 4, 2026 - Mar 11, 2026		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-0.26%
Apr 28, 2026 - May 11, 2026		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-0.25%
May 20, 2026 - May 28, 2026		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-0.24%
Feb 9, 2026 - Feb 17, 2026		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-0.22%
Apr 17, 2026 - Apr 23, 2026		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-0.20%
May 11, 2026 - May 18, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-0.20%
May 28, 2026 - Jun 1, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-0.17%
Apr 10, 2026 - Apr 17, 2026		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-0.14%
Apr 6, 2026 - Apr 10, 2026		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-0.13%
Nov 6, 2025 - Nov 11, 2025		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-0.13%
Nov 13, 2025 - Nov 19, 2025		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between KWIN and SPY is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.68
-101

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