KEMQ vs SPYV

KEMQDKraneShares Public-Private Emerging Markets Internet and Technology ETF

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

In short

KEMQ Launched in 2017 as an emerging-markets internet index fund, KEMQ was rebuilt in August 2026 into a public-private hybrid: it now seeks growth of capital and intends to put roughly 10% of net assets into privately offered EM tech alongside listed names.

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

Stated mandate

KEMQ The fund seeks to track, before fees and expenses, the price and yield performance of the Solactive Emerging Markets Consumer Technology Index.

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

Why people hold it

• KEMQ Rare wrapper: the fund intends to invest about 10% of net assets in privately offered securities at the time of purchase, a listed route into pre-IPO emerging markets tech.kraneshares.com
• Spread by design: at least 80% tracks the Solactive EM Technology Index, which caps any one name at 3% and any one country at 40% at rebalance, across 26 eligible countries.kraneshares.comkraneshares.com 2
• Not a brand-new launch: the public-private mandate was layered onto a fund trading since 2017, holding roughly 60 positions in e-commerce, fintech and chip names.kraneshares.com

• SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
• Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
• No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

Worth knowing

• KEMQ Costs 0.49% net of a waiver through August 1, 2028, against a 0.79% gross fee, above the category median; the waived slice returns if that waiver lapses.
• A small fund that trades lightly, so bid-ask spreads and premium-to-discount swings matter more here than in a mega-cap index ETF.
• The 40% country cap cuts both ways: one emerging market can drive much of the result. Payouts land once or twice a year, not monthly.kraneshares.com

• SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
• Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
• Distributions land quarterly, not monthly.

Full KEMQ profile⁠

Full SPYV profile⁠