# Joint Stock Company Kaspi.kz (KSPI) vs State Street SPDR S&P 500 ETF Trust (SPY) · total-return overlay

LOPJLB holding-return compare (5Y). Dividends and splits. Each path starts at 0% from the first adjusted close in the window.

Joint Stock Company Kaspi.kz (KSPI) vs State Street SPDR S&P 500 ETF Trust (SPY) total return over 5Y: KSPI +53.97%, SPY +90.43%. Regime KSPI BEAR · SPY BULL. As of Oct 8, 2026. Research only.

- Interactive: https://www.lopjlb.com/vs/KSPI/SPY
- API: `GET /bff/api/bigfive/compare-series?symbols=KSPI%2CSPY&range=5y`

## Window

| Symbol | Window % | Worst drawdown | YTD |
|---|---:|---:|---:|
| KSPI | +53.97% | -48.83% | +27.99% |
| SPY | +90.43% | -24.49% | +14.17% |

## Periods (calendar lookback)

| Symbol | 1Y | 2Y | 3Y | 5Y |
|---|---:|---:|---:|---:|
| KSPI | +28.49% | -2.00% | +15.34% | — |
| SPY | +16.22% | +38.14% | +85.65% | +90.43% |

## Annual

| Year | KSPI | SPY |
|---|---:|---:|
| YTD | +27.99% | +14.17% |
| 2025 | -21.56% | +18.01% |
| 2024 | +3.95% | +25.59% |
| 2023 | +31.98% | +26.73% |
| 2022 | -10.81% | -18.64% |
| 2021 | — | +9.65% |

---

Research context only. Not personalized investment advice.