KCOP vs. CATF

Last updated Jun 4, 2026

KCOP (Kurv Copper & Mining Enhanced Income ETF) and CATF (American Century California Municipal Bond ETF) are both exchange-traded funds - KCOP is a Derivative Income fund actively managed by Kurv, while CATF is a Municipal Bonds fund actively managed by American Century. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. KCOP charges 0.99%/yr vs 0.27%/yr for CATF.

Performance

KCOP vs. CATF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Copper & Mining Enhanced Income ETF (KCOP) and American Century California Municipal Bond ETF (CATF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KCOP

• 1D: -3.46%
• 1M: 14.96%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CATF

• 1D: -0.15%
• 1M: 0.55%
• YTD: 1.92%
• 6M: 1.99%
• 1Y: 7.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KCOP vs. CATF - Yearly Performance Comparison

	2026 (YTD)
KCOP Kurv Copper & Mining Enhanced Income ETF	4.75%
CATF American Century California Municipal Bond ETF	0.13%

Correlation

The correlation between KCOP and CATF is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 17, 2026	0.48

Return for Risk

KCOP vs. CATF — Risk / Return Rank

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

CATF

CATF Risk / Return Rank: 74
CATF Sharpe Ratio Rank: 79
CATF Sortino Ratio Rank: 87
CATF Omega Ratio Rank: 87
CATF Calmar Ratio Rank: 59
CATF Martin Ratio Rank: 58

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.

KCOP vs. CATF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Copper & Mining Enhanced Income ETF (KCOP) and American Century California Municipal Bond ETF (CATF). 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.

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

Sharpe Ratios by Period

	KCOP	CATF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.79	-0.39

Drawdowns

KCOP vs. CATF - Drawdown Comparison

The maximum KCOP drawdown since its inception was -21.55%, which is greater than CATF's maximum drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for KCOP and CATF.

Drawdown Indicators

	KCOP	CATF	Difference
Max Drawdown Largest peak-to-trough decline	-21.55%	-4.83%	-16.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.77%	—
Current Drawdown Current decline from peak	-3.46%	-0.58%	-2.88%
Average Drawdown Average peak-to-trough decline	-8.60%	-1.27%	-7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.79%	—

Volatility

Volatility by Period

	KCOP	CATF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.13%	3.14%	+38.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.13%	4.33%	+37.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.13%	4.33%	+37.80%

KCOP vs. CATF - Expense Ratio Comparison

KCOP has a 0.99% expense ratio, which is higher than CATF's 0.27% expense ratio.

Dividends

KCOP vs. CATF - Dividend Comparison

KCOP's dividend yield for the trailing twelve months is around 3.54%, more than CATF's 3.22% yield.

Position	TTM	2025	2024
CATF American Century California Municipal Bond ETF	3.22%	3.40%	1.32%
KCOP Kurv Copper & Mining Enhanced Income ETF	3.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KCOP and CATF in my portfolio?

KCOP and CATF have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KCOP or CATF?

On fees, CATF is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KCOP or CATF?

CATF is cheaper with a 0.27% expense ratio, compared with 0.99% for KCOP.

Which ETF pays a higher dividend yield, KCOP or CATF?

KCOP has the higher dividend yield at 3.54%, compared with 3.22% for CATF.

What is the main difference between KCOP and CATF?

KCOP is categorized as Derivative Income, while CATF is Municipal Bonds. They also come from different issuers: Kurv and American Century. Their fees differ too: 0.99% for KCOP and 0.27% for CATF.