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KWIN vs XSHP

KraneShares Wahed Alternative Income Index ETF

KWINANYSE Arca

Kurv SpaceX Enhanced Income ETF

XSHPBCboe

Overlap

0.0%by weight

Expense ratio

KWIN −0.48pt a year

KWIN0.51%XSHP0.99%

Avg volume · 30D

XSHP 1.4×the volume

KWIN14.3KXSHP19.5K

KWIN vs XSHP Performance

Aug 7, 2026 – Nov 9, 2026

+0.8%KWIN+14.2%XSHP

Aug 7, 2026 to Nov 9, 2026. KWIN +0.8%. XSHP +14.2%. Use the arrow keys to read each point.5%10%20%25%30%Aug 2026Sep 2026Nov 2026
Expense ratio
KWIN 0.51%, better
XSHP 0.99%
Fund size
KWIN $64M
XSHP $11M
1Y total return
KWIN +3.7%
XSHP No data
Holdings
KWIN 55
XSHP 5
Avg volume (30D)
KWIN 14.3K sh
XSHP 19.5K sh, better
NAV per share
KWIN $25.93
XSHP $15.97
52W range

ETF.net Grade

KWIN: Cost 100, Risk 87, Mission not scored, Tradability 70, Holdings 65, Durability 68. XSHP: Cost 77, Risk 34, Mission not scored, Tradability 51, Holdings 31, Durability 26.
Pillar letters and Scores for KWIN, XSHP, with each pillar’s weight
PillarKWINXSHP
Cost30% weightA100HigherA77
Mission25% weightNot scoredNot scored
Risk15% weightA87HigherD34
Tradability15% weightA70HigherC51
Holdings10% weightB65HigherD31
Durability5% weightB68HigherD26

Rank among Single-Stock Option Income funds

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

Same Category. KWIN and XSHP are both graded against the same 71 Single-Stock Option Income funds, so their Grades compare head to head.

Single-Stock Option Income⁠

Category · 71 funds
See all 71 ›

KWIN ranks 1st and XSHP 22nd of 71 funds in the Single-Stock Option Income Category.

  1. Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
  2. Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
  3. Rank 22BNFLYYieldMax NFLX Option Income Strategy ETFScore 57
  4. Rank 22BXSHPKurv SpaceX Enhanced Income ETFScore 57
  5. Rank 25BCRCOYieldMax CRCL Option Income Strategy ETFScore 56

Our read on each fund

ETF.net Research

KWINAKraneShares Wahed Alternative Income Index ETF

XSHPBKurv SpaceX Enhanced Income ETF

In short

KWIN An income fund built for investors who can't own interest. KWIN holds stocks, then sells calls and buys puts on each one, aiming for a delta-neutral book whose payout comes from options premium instead of a coupon.

XSHP No data

Stated mandate

KWIN KWIN seeks alternative option income by holding long positions in selected equities while selling calls and buying puts against each position. The strategy is intended to produce a delta-neutral portfolio and is marketed as an alternative to traditional interest income.

XSHP No data

Why people hold it

  • KWIN 0.51% a year, less than half the roughly 1.07% median of its options-income cohort. In a category where 1%-plus is the norm, that is a real head start.
  • The mechanics are unusually explicit: long a selected stock, short a call, long a put, position by position. The collars are the strategy, not a bolt-on overlay.kraneshares.com
  • Tracks the Wahed Shariah Alternative Income Index, so income is sourced from options premium rather than interest. Few option-income ETFs are built to that screen.kraneshares.com
  • On cost and measured risk it stands among the strongest implementations in a peer group of 64 single-stock option-income funds.

XSHP No data

Worth knowing

  • KWIN Launched in November 2025. The record is short, so any read on how the collars behave across different markets rests on limited history.
  • Delta-neutral by design: the sold calls and bought puts are there to strip out the stock move, not to ride it. This is an income engine, not an equity growth sleeve.
  • Trades lightly next to the household names of the category, so spreads can be wider than headline size suggests. Limit orders matter more here.

XSHP No data

Full KWIN profile⁠

Full XSHP profile⁠

KWIN vs XSHP Holdings

How KWIN and XSHP differ

Overlap by weight

0.0%

About this figure: KWIN earns income from options, which aren’t counted.

XSHP earns income from options, which aren’t counted.

Level by level

  • Holdings0 in both0.0%
  • Asset classStocks100%
  • Countryby domicile100%

Sector

No Sector split for XSHP.

Country, concentration and asset class

Country by domicile

Country weights in KWIN and XSHP, widest gap first
CountryMore in KWINMore in XSHPGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • KWIN40.3%
  • XSHP117.0%

Securities held

  • KWIN54
  • XSHP5

Asset class

KWIN
Stocks
XSHP
Stocks

Holdings

  • Only in KWIN54
  • In both0
  • Only in XSHP5

Only in KWIN

54 securities, 100% of KWIN by weight

  • Intuitive Surgical Inc4.63%
  • Workday Inc-Class A4.62%
  • On Semiconductor4.39%

Only in XSHP

5 securities, 100% of XSHP by weight

  • United States Treasury Bill 06/10/202752.00%
  • United States Treasury Bill 03/18/202741.91%
  • United States Treasury Bill 12/24/202614.88%

Weight gaps

KWIN and XSHP share no securities.

All KWIN holdings⁠All XSHP 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.

KWIN vs XSHP Cost

Overpaying XSHP vs KWIN

$8,360

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

  • KWIN 0.51%

    $10,165

  • XSHP 0.99%

    $18,525

$10,000
30 years

Cost over time

  • KWIN 0.51%
  • XSHP 0.99%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XSHP $18,525KWIN $10,165

Year by year

YearKWINXSHPOverpaying
10$918$1,746$828
20$3,527$6,565$3,038
30$10,165$18,525$8,360

Expense ratio

  • 0.51%KWIN, cheaper
  • 0.99%XSHP
  • Middle half of Single-Stock Option Income funds
  • Median 1.04%

KWIN cheapest of 71 funds

XSHP 9th cheapest of 71 funds

KWIN vs XSHP Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
KWIN None
XSHP No data
Last payment
KWIN No data
XSHP $0.45
Ex-dividend
KWIN No data
XSHP Nov 4, 2026
Paid on
KWIN No data
XSHP Nov 5, 2026
Frequency
KWIN No data
XSHP Monthly

Distribution history

Per share, 2026, same scale for both

KWINAll KWIN payments⁠

No distribution history available.

XSHPMonthly · 5 paymentsAll XSHP payments⁠
One bar per payment. 5 payments in 2026 YTD. Jul 8, 2026 $0.69; Aug 5, 2026 $0.52; Sep 2, 2026 $0.52; Oct 7, 2026 $0.52; Nov 4, 2026 $0.45. Use the arrow keys to read each point.$0$0.502026YTD

KWIN vs XSHP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Worst fallMax drawdown, 5 years
KWIN −1.6%since Nov 2025XSHP No data
Market sensitivityBeta, 5 years
KWIN 0.001XSHP 0.00

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