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KRE vs HECO

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

KRE

State Street SPDR S&P Regional Banking ETF

Annual cost

0.35%

Fund size

$3.8B

HECO

State Street Galaxy Hedged Digital Asset Ecosystem ETF

Annual cost

0.90%

Fund size

$116M

Key differences

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

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

Side-by-side comparison

KREHECO
Annual cost (TER)0.35%0.90%
Fund size (AUM)$3.8B$116M
Since20062024
Dividend yield2.26%0.00%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+27.0%+117.9%
CAGR 3Y+25.3%N/A
CAGR 5Y+2.6%N/A
Sharpe 3Y0.80N/A
Volatility 1Y23.47%37.71%
Max drawdown-55.03%-43.74%

Similar to KRE and HECO