KCCA vs. KARS
KCCA (KraneShares California Carbon Allowance Strategy ETF) and KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) are both exchange-traded funds - KCCA is a Commodities fund tracking the S&P Carbon Credit CCA Index, while KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index. Both are passively managed. Over the past 3 years, KCCA returned -6.84%/yr vs -3.57%/yr for KARS. Their 0.11 correlation means their historical movements had little consistent relationship. KCCA charges 0.91%/yr vs 0.72%/yr for KARS.
Performance
KCCA vs. KARS - Performance Comparison
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Returns By Period
In the year-to-date period, KCCA achieves a 0.79% return, which is significantly higher than KARS's -3.13% return.
KCCA
- 1D
- 1.58%
- 1M
- -0.80%
- 6M
- 11.36%
- YTD
- 0.79%
- 1Y
- 12.78%
- 3Y*
- -6.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.86%
KARS
- 1D
- -0.95%
- 1M
- -5.58%
- 6M
- -5.36%
- YTD
- -3.13%
- 1Y
- 25.51%
- 3Y*
- -3.57%
- 5Y*
- -7.36%
- 10Y*
- —
- ALL TIME*
- 3.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $357.33K | $457.30K | $1.09M | |
| $185.98K | $257.56K | $556.68K |
KCCA vs. KARS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KCCA KraneShares California Carbon Allowance Strategy ETF | 0.79% | -11.81% | -16.05% | 34.07% | -17.54% | 10.75% |
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | -3.13% | 46.04% | -17.88% | -7.85% | -39.20% | 9.89% |
Correlation
The correlation between KCCA and KARS is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.11 |
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Return for Risk
KCCA vs. KARS — Risk / Return Rank
KCCA
KARS
KCCA vs. KARS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares California Carbon Allowance Strategy ETF (KCCA) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS). 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 | KARS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.02 | -0.18 |
| Martin ratioReturn relative to average drawdown | 1.45 | 3.12 | -1.68 |
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Drawdowns
KCCA vs. KARS - Drawdown Comparison
The maximum KCCA drawdown since its inception was -40.88%, smaller than the maximum KARS drawdown of -64.85%. Use the drawdown chart below to compare losses from any high point for KCCA and KARS.
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Drawdown Indicators
| KCCA | KARS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.88% | -64.85% | +23.97% |
Max Drawdown (1Y)Largest decline over 1 year | -15.30% | -24.94% | +9.64% |
Max Drawdown (3Y)Largest decline over 3 years | -40.88% | -45.67% | +4.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -64.85% | — |
Current DrawdownCurrent decline from peak | -28.54% | -40.95% | +12.41% |
Average DrawdownAverage peak-to-trough decline | -21.66% | -28.48% | +6.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.82% | 8.11% | +0.71% |
Volatility
KCCA vs. KARS - Volatility Comparison
The current volatility for KraneShares California Carbon Allowance Strategy ETF (KCCA) is 3.56%, while KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a volatility of 8.37%. This indicates that KCCA experiences smaller price fluctuations and is considered to be less risky than KARS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KCCA | KARS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 8.37% | -4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 22.26% | -15.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 28.30% | -12.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.73% | 30.00% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.73% | 29.40% | -5.67% |
KCCA vs. KARS - Expense Ratio Comparison
KCCA has a 0.91% expense ratio, which is higher than KARS's 0.72% expense ratio.
Dividends
KCCA vs. KARS - Dividend Comparison
KCCA's dividend yield for the trailing twelve months is around 2.85%, more than KARS's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | 0.19% | 0.18% | 0.78% | 0.88% | 1.13% | 6.73% | 0.14% | 1.85% | 1.38% |
KCCA KraneShares California Carbon Allowance Strategy ETF | 2.85% | 2.87% | 30.58% | 3.12% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KCCA and KARS have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KARS has higher volatility (8.37%) compared to KCCA (3.56%). In terms of maximum drawdown, KCCA dropped -40.88% vs KARS's -64.85%.
On 3-year performance, KARS leads with -3.57% vs -6.84% for KCCA. On fees, KARS is cheaper at 0.72% per year. On volatility, KCCA has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KARS has performed better with a -3.57% return vs -6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KARS is cheaper with a 0.72% expense ratio, compared with 0.91% for KCCA.
KCCA has the higher dividend yield at 2.85%, compared with 0.19% for KARS.
KCCA is categorized as Commodities, while KARS is Industrials Equities. KCCA tracks S&P Carbon Credit CCA Index, while KARS tracks Bloomberg Electric Vehicles Index. Their fees differ too: 0.91% for KCCA and 0.72% for KARS.
KARS currently has the higher Sharpe Ratio (0.90 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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