KCCA vs. CCOM

Last updated Jul 12, 2026

KCCA (KraneShares California Carbon Allowance Strategy ETF) and CCOM (Simplify Chinese Commodities Strategy No K-1 ETF) are both Commodities funds. KCCA is passively managed, while CCOM is actively managed. At a correlation of -0.06, they often move in opposite directions. KCCA charges 0.91%/yr vs 0.99%/yr for CCOM.

Performance

KCCA vs. CCOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares California Carbon Allowance Strategy ETF (KCCA) and Simplify Chinese Commodities Strategy No K-1 ETF (CCOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KCCA

• 1D: 0.99%
• 1M: 6.01%
• 6M: 5.58%
• YTD: 3.57%
• 1Y: 15.22%
• 3Y*: -2.19%
• 5Y*: —
• 10Y*: —

CCOM

• 1D: 0.00%
• 1M: 0.37%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KCCA vs. CCOM - Yearly Performance Comparison

	2026 (YTD)
KCCA KraneShares California Carbon Allowance Strategy ETF	11.32%
CCOM Simplify Chinese Commodities Strategy No K-1 ETF	-3.69%

Correlation

The correlation between KCCA and CCOM is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	-0.06

Return for Risk

KCCA vs. CCOM — Risk / Return Rank

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

KCCA

KCCA Risk / Return Rank: 33
KCCA Sharpe Ratio Rank: 37
KCCA Sortino Ratio Rank: 38
KCCA Omega Ratio Rank: 44
KCCA Calmar Ratio Rank: 27
KCCA Martin Ratio Rank: 20

CCOM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

KCCA vs. CCOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares California Carbon Allowance Strategy ETF (KCCA) and Simplify Chinese Commodities Strategy No K-1 ETF (CCOM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	KCCA	CCOM	Difference
Sharpe ratio: Return per unit of total volatility	1.07	—	—
Sortino ratio: Return per unit of downside risk	1.63	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.08	—	—
Martin ratio: Return relative to average drawdown	1.87	—	—

Drawdowns

KCCA vs. CCOM - Drawdown Comparison

The maximum KCCA drawdown since its inception was -40.88%, which is greater than CCOM's maximum drawdown of -6.38%. Use the drawdown chart below to compare losses from any high point for KCCA and CCOM.

Drawdown Indicators

	KCCA	CCOM	Difference
Max Drawdown Largest peak-to-trough decline	-40.88%	-6.38%	-34.50%
Max Drawdown (1Y) Largest decline over 1 year	-15.30%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-40.88%	—	—
Current Drawdown Current decline from peak	-26.57%	-5.65%	-20.92%
Average Drawdown Average peak-to-trough decline	-21.58%	-2.90%	-18.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.79%	—	—

Volatility

Volatility by Period

	KCCA	CCOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.50%	12.83%	+2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.83%	12.83%	+11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	12.83%	+11.00%

KCCA vs. CCOM - Expense Ratio Comparison

KCCA has a 0.91% expense ratio, which is lower than CCOM's 0.99% expense ratio.

Dividends

KCCA vs. CCOM - Dividend Comparison

KCCA's dividend yield for the trailing twelve months is around 2.78%, more than CCOM's 1.26% yield.

Position	TTM	2025	2024	2023	2022
CCOM Simplify Chinese Commodities Strategy No K-1 ETF	1.26%	0.00%	0.00%	0.00%	0.00%
KCCA KraneShares California Carbon Allowance Strategy ETF	2.78%	2.87%	30.58%	3.12%	0.24%

Frequently Asked Questions

Can I hold both KCCA and CCOM in my portfolio?

KCCA and CCOM have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KCCA or CCOM?

On fees, KCCA is cheaper at 0.91% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KCCA or CCOM?

KCCA is cheaper with a 0.91% expense ratio, compared with 0.99% for CCOM.

Which ETF pays a higher dividend yield, KCCA or CCOM?

KCCA has the higher dividend yield at 2.78%, compared with 1.26% for CCOM.

What is the main difference between KCCA and CCOM?

They also come from different issuers: KraneShares and Simplify. Their fees differ too: 0.91% for KCCA and 0.99% for CCOM.