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KBE vs HECO

State Street SPDR S&P Bank ETF vs State Street Galaxy Hedged Digital Asset Ecosystem ETF

KBE

State Street SPDR S&P Bank ETF

Annual cost

0.35%

Fund size

$1.4B

HECO

State Street Galaxy Hedged Digital Asset Ecosystem ETF

Annual cost

0.90%

Fund size

$116M

Key differences

KBE is an equity ETF, while HECO is an alternative ETF. KBE charges 0.35% a year and HECO 0.90%.

  • KBE is an equity fund, while HECO is an alternative fund. They carry different risk/return profiles.
  • KBE follows a index tracking strategy; HECO uses option income.
  • KBE costs 0.55% less per year.
  • KBE is much larger than HECO. Larger funds are usually more liquid and less likely to close.
  • KBE has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

KBEHECO
Annual cost (TER)0.35%0.90%
Fund size (AUM)$1.4B$116M
Since20052024
Dividend yield2.33%0.00%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+24.1%+117.9%
CAGR 3Y+27.0%N/A
CAGR 5Y+6.0%N/A
Sharpe 3Y0.91N/A
Volatility 1Y21.74%37.71%
Max drawdown-53.14%-43.74%

Similar to KBE and HECO