CATF vs. KCOP

Last updated Jun 4, 2026

CATF (American Century California Municipal Bond ETF) and KCOP (Kurv Copper & Mining Enhanced Income ETF) are both exchange-traded funds - CATF is a Municipal Bonds fund actively managed by American Century, while KCOP is a Derivative Income fund actively managed by Kurv. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. CATF charges 0.27%/yr vs 0.99%/yr for KCOP.

Performance

CATF vs. KCOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century California Municipal Bond ETF (CATF) and Kurv Copper & Mining Enhanced Income ETF (KCOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CATF

• 1D: -0.15%
• 1M: 0.55%
• YTD: 1.92%
• 6M: 1.99%
• 1Y: 7.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KCOP

• 1D: -3.46%
• 1M: 14.96%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CATF vs. KCOP - Yearly Performance Comparison

	2026 (YTD)
CATF American Century California Municipal Bond ETF	0.13%
KCOP Kurv Copper & Mining Enhanced Income ETF	4.75%

Correlation

The correlation between CATF and KCOP is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 17, 2026	0.48

Return for Risk

CATF vs. KCOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CATF

CATF Risk / Return Rank: 74
CATF Sharpe Ratio Rank: 79
CATF Sortino Ratio Rank: 87
CATF Omega Ratio Rank: 87
CATF Calmar Ratio Rank: 59
CATF Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CATF vs. KCOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century California Municipal Bond ETF (CATF) and Kurv Copper & Mining Enhanced Income ETF (KCOP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CATF	KCOP	Difference
Sharpe ratio Return per unit of total volatility	2.55	—	—
Sortino ratio Return per unit of downside risk	3.89	—	—
Omega ratio Gain probability vs. loss probability	1.54	—	—
Calmar ratio Return relative to maximum drawdown	2.90	—	—
Martin ratio Return relative to average drawdown	10.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CATF	KCOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.40	+0.39

Drawdowns

CATF vs. KCOP - Drawdown Comparison

The maximum CATF drawdown since its inception was -4.83%, smaller than the maximum KCOP drawdown of -21.55%. Use the drawdown chart below to compare losses from any high point for CATF and KCOP.

Drawdown Indicators

	CATF	KCOP	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	-21.55%	+16.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	—	—
Current Drawdown Current decline from peak	-0.58%	-3.46%	+2.88%
Average Drawdown Average peak-to-trough decline	-1.27%	-8.60%	+7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	—	—

Volatility

Volatility by Period

	CATF	KCOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.14%	42.13%	-38.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.33%	42.13%	-37.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.33%	42.13%	-37.80%

CATF vs. KCOP - Expense Ratio Comparison

CATF has a 0.27% expense ratio, which is lower than KCOP's 0.99% expense ratio.

Dividends

CATF vs. KCOP - Dividend Comparison

CATF's dividend yield for the trailing twelve months is around 3.22%, less than KCOP's 3.54% yield.

Position	TTM	2025	2024
CATF American Century California Municipal Bond ETF	3.22%	3.40%	1.32%
KCOP Kurv Copper & Mining Enhanced Income ETF	3.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CATF and KCOP in my portfolio?

CATF and KCOP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CATF or KCOP?

On fees, CATF is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CATF or KCOP?

CATF is cheaper with a 0.27% expense ratio, compared with 0.99% for KCOP.

Which ETF pays a higher dividend yield, CATF or KCOP?

KCOP has the higher dividend yield at 3.54%, compared with 3.22% for CATF.

What is the main difference between CATF and KCOP?

CATF is categorized as Municipal Bonds, while KCOP is Derivative Income. They also come from different issuers: American Century and Kurv. Their fees differ too: 0.27% for CATF and 0.99% for KCOP.