KCCA vs. KLXY

Last updated Jun 6, 2026

KCCA (KraneShares California Carbon Allowance Strategy ETF) and KLXY (Kraneshares Global Luxury Index ETF) are both exchange-traded funds - KCCA is a Commodities fund tracking the S&P Carbon Credit CCA Index, while KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net. Both are passively managed. At a 0.01 correlation, their price movements are largely independent. KCCA charges 0.91%/yr vs 0.69%/yr for KLXY.

Performance

KCCA vs. KLXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares California Carbon Allowance Strategy ETF (KCCA) and Kraneshares Global Luxury Index ETF (KLXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KCCA

• 1D: 0.09%
• 1M: 11.42%
• YTD: -1.01%
• 6M: 2.68%
• 1Y: 16.63%
• 3Y*: -2.39%
• 5Y*: —
• 10Y*: —

KLXY

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

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

KCCA vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KCCA KraneShares California Carbon Allowance Strategy ETF	-1.01%	-11.81%	-16.05%	7.35%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%

Correlation

The correlation between KCCA and KLXY is -0.01, 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 (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.01

KCCA vs. KLXY - Sectors Allocation Comparison

Sectors	KCCA	KLXY
Financial Services	27.1%	-
Technology	16.2%	-
Industrials	15.3%	-
Consumer Cyclical	10.1%	73.2%
Energy	7.9%	-
Healthcare	7.6%	4.9%
Communication Services	7.3%	-
Utilities	4.5%	-
Consumer Defensive	4.1%	21.8%
Basic Materials	-	-
Real Estate	-	-

Return for Risk

KCCA vs. KLXY — Risk / Return Rank

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

KCCA

KCCA Risk / Return Rank: 30
KCCA Sharpe Ratio Rank: 32
KCCA Sortino Ratio Rank: 34
KCCA Omega Ratio Rank: 39
KCCA Calmar Ratio Rank: 25
KCCA Martin Ratio Rank: 19

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. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares California Carbon Allowance Strategy ETF (KCCA) and Kraneshares Global Luxury Index ETF (KLXY). 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.

	KCCA	KLXY	Difference
Sharpe ratio: Return per unit of total volatility	1.07	—	—
Sortino ratio: Return per unit of downside risk	1.66	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.09	—	—
Martin ratio: Return relative to average drawdown	1.91	—	—
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

	KCCA	KLXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	—	—

Drawdowns

Drawdown Indicators

	KCCA	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-40.88%	—	—
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	-29.82%	—	—
Average Drawdown Average peak-to-trough decline	-21.45%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.71%	—	—

Volatility

Volatility by Period

	KCCA	KLXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.01%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.01%	—	—

KCCA vs. KLXY - Expense Ratio Comparison

KCCA has a 0.91% expense ratio, which is higher than KLXY's 0.69% expense ratio.

Dividends

KCCA vs. KLXY - Dividend Comparison

KCCA's dividend yield for the trailing twelve months is around 2.90%, more than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023	2022
KCCA KraneShares California Carbon Allowance Strategy ETF	2.90%	2.87%	30.58%	3.12%	0.24%
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%

Frequently Asked Questions

Can I hold both KCCA and KLXY in my portfolio?

KCCA and KLXY have a correlation of -0.01, 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 KLXY?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KCCA or KLXY?

KLXY is cheaper with a 0.69% expense ratio, compared with 0.91% for KCCA.

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

KCCA has the higher dividend yield at 2.90%, compared with 0.85% for KLXY.

What is the main difference between KCCA and KLXY?

KCCA is categorized as Commodities, while KLXY is Consumer Discretionary Equities. KCCA tracks S&P Carbon Credit CCA Index, while KLXY tracks Solactive Global Luxury Index - Benchmark TR Net. Their fees differ too: 0.91% for KCCA and 0.69% for KLXY.