
Typically, the fund invests a minimum of 80% of its net assets in constituents of its benchmark index or financial instruments with equivalent economic characteristics. Its underlying benchmark is engineered to track a portfolio of large-capitalization equities that utilizes downside hedging. This hedging aims to deliver reduced volatility compared to an unhedged large-cap portfolio. The fund is non-diversified.
Is KSPY's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY - Get Free Report) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 12,788 shares, a growth of 55.9% from the August 31st total of 8,204 shares. Currently, 0.3% of the shares of

NEW YORK, Jan. 08, 2026 (GLOBE NEWSWIRE) -- KraneShares, a leading provider of exchange-traded funds (ETFs) delivering access to emerging technologies and innovative global asset classes, today announced that the KraneShares Hedgeye Hedged Equity Index ETF (NYSE: KSPY) has been added to LPL Financial's No-Transaction-Fee (NTF) platform, expanding accessibility for LPL's more than 22,000 financial advisors and their clients.


Outlooks remain mixed for 2025 on compounding risk factors and uncertainties. Investors looking to play more defensively within equities this year should consider the KraneShares Hedgeye Hedged Equity Index ETF (KSPY).

We explore the role of hedged equity strategies in today's market environment. The current market landscape presents a complex set of challenges for investors. Since KSPY launched, its Index has returned +2.15% versus the S&P 500's +3.77% total return and has outperformed the S&P 500 35 of 74 trading days.