KCCA vs. SOYB
KCCA (KraneShares California Carbon Allowance Strategy ETF) and SOYB (Teucrium Soybean Fund) are both exchange-traded funds - KCCA is a Commodities fund tracking the S&P Carbon Credit CCA Index, while SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark. Both are passively managed. Over the past 3 years, KCCA returned -6.84%/yr vs -3.34%/yr for SOYB. Their 0.04 correlation means their historical movements had little consistent relationship. KCCA charges 0.91%/yr vs 1.88%/yr for SOYB.
Performance
KCCA vs. SOYB - Performance Comparison
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Returns By Period
In the year-to-date period, KCCA achieves a 0.79% return, which is significantly lower than SOYB's 15.10% 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%
SOYB
- 1D
- -0.08%
- 1M
- 2.95%
- 6M
- 13.13%
- YTD
- 15.10%
- 1Y
- 18.62%
- 3Y*
- -3.34%
- 5Y*
- 1.71%
- 10Y*
- 3.22%
- ALL TIME*
- 0.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $185.98K | $257.56K | $556.68K | |
| $1.57M | $2.15M | $2.74M |
KCCA vs. SOYB - 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% |
SOYB Teucrium Soybean Fund | 15.10% | 1.77% | -20.48% | -5.23% | 25.27% | 4.74% |
Correlation
The correlation between KCCA and SOYB is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.04 |
The correlation between KCCA and SOYB shifts across timeframes, from -0.12 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KCCA vs. SOYB — Risk / Return Rank
KCCA
SOYB
KCCA vs. SOYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares California Carbon Allowance Strategy ETF (KCCA) and Teucrium Soybean Fund (SOYB). 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 | SOYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 2.13 | -1.29 |
| Martin ratioReturn relative to average drawdown | 1.45 | 5.60 | -4.15 |
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Drawdowns
KCCA vs. SOYB - Drawdown Comparison
The maximum KCCA drawdown since its inception was -40.88%, smaller than the maximum SOYB drawdown of -53.76%. Use the drawdown chart below to compare losses from any high point for KCCA and SOYB.
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Drawdown Indicators
| KCCA | SOYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.88% | -53.76% | +12.88% |
Max Drawdown (1Y)Largest decline over 1 year | -15.30% | -8.78% | -6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -40.88% | -30.61% | -10.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.93% | — |
Current DrawdownCurrent decline from peak | -28.54% | -14.16% | -14.38% |
Average DrawdownAverage peak-to-trough decline | -21.66% | -25.64% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.82% | 3.33% | +5.49% |
Volatility
KCCA vs. SOYB - Volatility Comparison
The current volatility for KraneShares California Carbon Allowance Strategy ETF (KCCA) is 3.56%, while Teucrium Soybean Fund (SOYB) has a volatility of 5.47%. This indicates that KCCA experiences smaller price fluctuations and is considered to be less risky than SOYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KCCA | SOYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 5.47% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 10.13% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 13.37% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.73% | 17.12% | +6.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.73% | 16.70% | +7.03% |
KCCA vs. SOYB - Expense Ratio Comparison
KCCA has a 0.91% expense ratio, which is lower than SOYB's 1.88% expense ratio.
Dividends
KCCA vs. SOYB - Dividend Comparison
KCCA's dividend yield for the trailing twelve months is around 2.85%, while SOYB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
KCCA KraneShares California Carbon Allowance Strategy ETF | 2.85% | 2.87% | 30.58% | 3.12% | 0.24% |
SOYB Teucrium Soybean Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KCCA and SOYB have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOYB has higher volatility (5.47%) compared to KCCA (3.56%). In terms of maximum drawdown, KCCA dropped -40.88% vs SOYB's -53.76%.
On 3-year performance, SOYB leads with -3.34% vs -6.84% for KCCA. On fees, KCCA is cheaper at 0.91% 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, SOYB has performed better with a -3.34% return vs -6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KCCA is cheaper with a 0.91% expense ratio, compared with 1.88% for SOYB.
KCCA has the higher dividend yield at 2.85%, compared with 0.00% for SOYB.
KCCA is categorized as Commodities, while SOYB is Agricultural Commodities. KCCA tracks S&P Carbon Credit CCA Index, while SOYB tracks Teucrium Soybean Fund Benchmark. They also come from different issuers: KraneShares and Teucrium. Their fees differ too: 0.91% for KCCA and 1.88% for SOYB.
SOYB currently has the higher Sharpe Ratio (1.40 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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