KCCA vs. KOID

Last updated Jul 12, 2026

KCCA (KraneShares California Carbon Allowance Strategy ETF) and KOID (KraneShares Global Humanoid and Embodied Intelligence Index ETF) are both exchange-traded funds - KCCA is a Commodities fund tracking the S&P Carbon Credit CCA Index, while KOID is a Technology Equities fund tracking the MerQube Global Humanoid and Embodied Intelligence Index. Both are passively managed. Over the past year, KCCA returned 15.22% vs 53.74% for KOID. At a 0.03 correlation, their price movements are largely independent. KCCA charges 0.91%/yr vs 0.69%/yr for KOID.

Performance

KCCA vs. KOID - 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 Humanoid and Embodied Intelligence Index ETF (KOID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KCCA achieves a 3.57% return, which is significantly lower than KOID's 25.57% return.

KCCA

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

KOID

• 1D: 0.73%
• 1M: -2.01%
• 6M: 19.29%
• YTD: 25.57%
• 1Y: 53.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KCCA vs. KOID - Yearly Performance Comparison

	2026 (YTD)	2025
KCCA KraneShares California Carbon Allowance Strategy ETF	3.57%	18.51%
KOID KraneShares Global Humanoid and Embodied Intelligence Index ETF	25.57%	27.04%

Correlation

The correlation between KCCA and KOID is 0.04, 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	0.04
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.03

Return for Risk

KCCA vs. KOID — 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

KOID

KOID Risk / Return Rank: 73
KOID Sharpe Ratio Rank: 79
KOID Sortino Ratio Rank: 74
KOID Omega Ratio Rank: 71
KOID Calmar Ratio Rank: 74
KOID Martin Ratio Rank: 66

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. KOID - 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 Humanoid and Embodied Intelligence Index ETF (KOID). 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	KOID	Difference
Sharpe ratio: Return per unit of total volatility	1.07	2.01	-0.95
Sortino ratio: Return per unit of downside risk	1.63	2.63	-1.00
Omega ratio: Gain probability vs. loss probability	1.23	1.33	-0.10
Calmar ratio: Return relative to maximum drawdown	1.08	3.00	-1.92
Martin ratio: Return relative to average drawdown	1.87	9.54	-7.67

KCCA vs. KOID - Sharpe Ratio Comparison

The current KCCA Sharpe Ratio is 1.07, which is lower than the KOID Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of KCCA and KOID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KCCA vs. KOID - Drawdown Comparison

The maximum KCCA drawdown since its inception was -40.88%, which is greater than KOID's maximum drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for KCCA and KOID.

Drawdown Indicators

	KCCA	KOID	Difference
Max Drawdown Largest peak-to-trough decline	-40.88%	-18.19%	-22.69%
Max Drawdown (1Y) Largest decline over 1 year	-15.30%	-18.19%	+2.89%
Max Drawdown (3Y) Largest decline over 3 years	-40.88%	—	—
Current Drawdown Current decline from peak	-26.57%	-7.56%	-19.01%
Average Drawdown Average peak-to-trough decline	-21.58%	-3.58%	-18.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.79%	5.71%	+3.08%

Volatility

KCCA vs. KOID - Volatility Comparison

The current volatility for KraneShares California Carbon Allowance Strategy ETF (KCCA) is 2.81%, while KraneShares Global Humanoid and Embodied Intelligence Index ETF (KOID) has a volatility of 12.46%. This indicates that KCCA experiences smaller price fluctuations and is considered to be less risky than KOID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KCCA	KOID	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	12.46%	-9.65%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	22.60%	-12.60%
Volatility (1Y) Calculated over the trailing 1-year period	15.50%	27.16%	-11.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.83%	26.65%	-2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	26.65%	-2.82%

KCCA vs. KOID - Expense Ratio Comparison

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

Dividends

KCCA vs. KOID - Dividend Comparison

KCCA's dividend yield for the trailing twelve months is around 2.78%, more than KOID's 0.67% yield.

Position	TTM	2025	2024	2023	2022
KCCA KraneShares California Carbon Allowance Strategy ETF	2.78%	2.87%	30.58%	3.12%	0.24%
KOID KraneShares Global Humanoid and Embodied Intelligence Index ETF	0.67%	0.85%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KCCA and KOID in my portfolio?

KCCA and KOID have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KCCA or KOID?

KOID has higher volatility (12.46%) compared to KCCA (2.81%). In terms of maximum drawdown, KCCA dropped -40.88% vs KOID's -18.19%.

Which ETF is better, KCCA or KOID?

On 1-year performance, KOID leads with 53.74% vs 15.22% for KCCA. On fees, KOID is cheaper at 0.69% per year. On volatility, KCCA has been the lower-risk option at 2.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KCCA or KOID?

Over the 1-year period, KOID has performed better with a 53.74% return vs 15.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KCCA or KOID?

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

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

KCCA has the higher dividend yield at 2.78%, compared with 0.67% for KOID.

What is the main difference between KCCA and KOID?

KCCA is categorized as Commodities, while KOID is Technology Equities. KCCA tracks S&P Carbon Credit CCA Index, while KOID tracks MerQube Global Humanoid and Embodied Intelligence Index. Their fees differ too: 0.91% for KCCA and 0.69% for KOID.

Which has better risk-adjusted returns?

KOID currently has the higher Sharpe Ratio (2.01 vs 1.07), 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.