KORP vs SPY
KORP vs SPY
American Century Diversified Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | KORP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $878M | $789.1B | |
| Dividend Yield | 5.08% | 1.01% | |
| Holdings | 358 | 505 | |
| YTD Return | -0.10% | +11.49% | |
| 1Y Return | +2.35% | +21.37% | |
| 3Y Return (annualized) | +5.47% | +20.76% | |
| 5Y Return (annualized) | +1.32% | +12.94% | |
| Volatility (annualized) | 5.6% | 15.3% | |
| Max Drawdown | -14.9% | -56.5% | |
| Fund Family | American Century Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 11, 2018 | Jan 22, 1993 |
KORP vs SPY Performance
American Century Diversified Corporate Bond ETF (KORP) is a ETF from American Century Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year KORP returned +2.35% while SPY returned +21.37%. Year to date, KORP is down 0.10% versus a gain of 11.49% for SPY.
Over three years, KORP compounded at +5.47% per year against +20.76% for SPY; over five years the annualized figures are +1.32% and +12.94% respectively. Across the full 9-year window we track, SPY has the edge at +8.78% annualized vs +1.52%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.6% for KORP. 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 -14.9% for KORP and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KORP charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, KORP currently yields 5.08% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, KORP or SPY?
KORP has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, KORP or SPY?
Over the past year KORP returned +2.35% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), KORP annualized +1.52% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, KORP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.6% for KORP. Worst drawdown: KORP -14.9% vs SPY -56.5%.
Should I hold both KORP and SPY?
KORP and SPY have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KORP and SPY?
KORP and SPY share 2 common holdings with a 0.7% weight overlap. Combined, they hold 670 unique securities.
Which pays a higher dividend, KORP or SPY?
KORP yields 5.08% while SPY yields 1.01%, so KORP currently pays the higher dividend yield.
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