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BUYO vs XOVR

KraneShares Man Buyout Beta Index ETF

BUYOBNYSE Arca

ERShares Private-Public Crossover ETF

XOVRBNasdaq

Overlap

Expense ratio

XOVR −0.06pt a year

BUYO0.89%XOVR0.83%

Avg volume · 30D

XOVR 3530.6×the volume

BUYO1.18KXOVR4.17M

BUYO vs XOVR Performance

Oct 31, 2025 – Oct 30, 2026

+23.1%BUYO−7.0%XOVR

Oct 31, 2025 to Oct 30, 2026. BUYO +23.1%. XOVR −7.0%. Use the arrow keys to read each point.−20%0%10%30%Oct 2025Apr 2026Oct 2026
Expense ratio
BUYO 0.89%
XOVR 0.83%, better
Fund size
BUYO $17M
XOVR $1.39B
1Y total return
BUYO +23.1%, better
XOVR −7.0%
Yield (12M)
BUYO 0.01%, better
XOVR 0.00%
Holdings
BUYO 323
XOVR 33
Avg volume (30D)
BUYO 1.18K sh
XOVR 4.17M sh, better
NAV per share
BUYO $33.10
XOVR $19.93
52W range

ETF.net Grade

BUYO: Cost 60, Risk 85, Mission not scored, Tradability 51, Holdings 76, Durability 29. XOVR: Cost 76, Risk 26, Mission not scored, Tradability 59, Holdings 37, Durability 72.
Pillar letters and Scores for BUYO, XOVR, with each pillar’s weight
PillarBUYOXOVR
Cost30% weightB60A76Higher
Mission25% weightNot scoredNot scored
Risk15% weightA85HigherD26
Tradability15% weightC51B59Higher
Holdings10% weightA76HigherD37
Durability5% weightD29A72Higher

Rank among Listed Private Markets funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BUYO and XOVR are both graded against the same 12 Listed Private Markets funds, so their Grades compare head to head.

Listed Private Markets⁠

Category · 12 funds
See all 12 ›

BUYO ranks 3rd and XOVR 4th of 12 funds in the Listed Private Markets Category.

  1. Rank 1AGTPEGoldman Sachs MSCI World Private Equity Return Tracker ETFScore 72
  2. Rank 2BGPZVanEck Alternative Asset Manager ETFScore 66
  3. Rank 3BBUYOKraneShares Man Buyout Beta Index ETFScore 63
  4. Rank 4BXOVRERShares Private-Public Crossover ETFScore 57
  5. Rank 5CPSPInvesco Global Listed Private Equity ETFScore 53

Our read on each fund

ETF.net Research

BUYOBKraneShares Man Buyout Beta Index ETF

XOVRBERShares Private-Public Crossover ETF

In short

BUYO Private equity's playbook, run through public stocks. BUYO tracks a Man Group index that screens listed companies for the growth, profitability and value traits buyout funds hunt for, then holds roughly 300 of them in a plain ETF wrapper.

XOVR A regular brokerage account, a slice of SpaceX. XOVR wraps about 30 public growth names around select late-stage private stakes held through special-purpose vehicles, with no accredited-investor hoops. Fee: 1.81%, no waiver.

Stated mandate

BUYO The fund seeks to track the Man Buyout Beta Index, which provides exposure to public companies displaying characteristics associated with private-equity buyout investments.

XOVR The fund seeks long-term capital appreciation through a broader crossover strategy combining public equities with select private-company exposure.

Why people hold it

  • BUYO 0.89% expense ratio, roughly half the median for listed private-markets ETFs and well under the 1.80% charged by the old guard of the group (PSP).
  • Buyout-style exposure without private-fund plumbing: a systematic index of listed stocks, bought and sold like any other ETF share.kraneshares.com
  • Roughly 300 names screened on growth, profitability and value, so the buyout tilt comes from a broad basket rather than a short list of alternative-asset managers.
  • Ranks in the upper half of its listed private-markets peer group, helped by a diversified book and a risk profile milder than most ways to play this theme.
  • XOVR Roughly 30 listed growth names plus stakes in late-stage private companies like SpaceX, held through special-purpose vehicles inside a 1940 Act ETF.prnewswire.com
  • No accredited-investor status, capital calls or lockups. Private-market access arrives in a brokerage account, which is the structure's whole reason to exist.prnewswire.com
  • 1.81%, no waiver. Steep next to index funds, yet below the median for listed private-markets funds, a category where BIZD's 9.69% marks the high end.
  • A billion-dollar-plus fund that trades actively, unusual for a niche thematic strategy, and listed since 2017.

Worth knowing

  • BUYO Small asset base and thin trading. Spreads and market impact can add to the cost of getting in and out, on top of the stated fee.
  • Launched in October 2024, so the record covers only a short stretch of market weather. Less history to judge than most of its peers offer.
  • Cheaper doors into the theme exist (GPZ at 0.40%, GTPE at 0.50%), though each tracks a different slice of the private-markets trade.
  • XOVR Private stakes have no closing price. They are marked by the fund's valuation process and can reprice on a funding round or an IPO rather than day to day.
  • About 30 holdings, with the private sleeve concentrated in a single name, so one company's mark can move the fund more than a broad equity ETF would.prnewswire.com
  • Cheaper shelf-mates exist, GPZ at 0.40% and GTPE at 0.50%, but neither is built around direct late-stage private stakes.

Full BUYO profile⁠

Full XOVR profile⁠

BUYO vs XOVR Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BUYO vs XOVR Cost

Overpaying BUYO vs XOVR

$1,013

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BUYO 0.89%

    $16,872

  • XOVR 0.83%

    $15,859

$10,000
30 years

Cost over time

  • BUYO 0.89%
  • XOVR 0.83%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BUYO $16,872XOVR $15,859

Year by year

YearBUYOXOVROverpaying
10$1,576$1,474$102
20$5,953$5,581$372
30$16,872$15,859$1,013

Expense ratio

  • 0.89%BUYO
  • 0.83%XOVR, cheaper
  • Middle half of Listed Private Markets funds
  • Median 2.25%

XOVR 3rd cheapest of 12 funds

BUYO 5th cheapest of 12 funds

BUYO vs XOVR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BUYO 0.01%, better
XOVR 0.00%
Payout (12M)
BUYO $0.0034
XOVR None
Last payment
BUYO $0.0034
XOVR No data
Ex-dividend
BUYO Dec 22, 2025
XOVR No data
Paid on
BUYO Dec 23, 2025
XOVR No data
Frequency
BUYO Irregular
XOVR No data

Distribution history

Per share, 2017 to 2026, same scale for both

BUYOIrregular · 2 paymentsAll BUYO payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 17, 2024 $0.01; Dec 22, 2025 $0.0034. Use the arrow keys to read each point.$0$102017202020232026YTD
XOVR5 paymentsAll XOVR payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Dec 22, 2017 $0.01; Dec 18, 2018 $0.52; Dec 19, 2019 $0.01; Dec 21, 2020 $1.65; Dec 21, 2021 $8.73. Use the arrow keys to read each point.$0$102017202020232026YTD

BUYO vs XOVR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BUYO 17.2%since Nov 2024XOVR 24.2%since Sep 2024
Return per unit of riskSharpe ratio, 3 years
BUYO 0.66since Nov 2024XOVR 0.43since Sep 2024
Worst fallMax drawdown, 5 years
BUYO −28.0%since Oct 2024XOVR −25.2%since Aug 2024
Market sensitivityBeta, 5 years
BUYO 1.11XOVR 1.20

BUYO and XOVR in the news

All news⁠

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