IVV vs KCCA
iShares Core S&P 500 ETF vs KraneShares California Carbon Allowance Strategy ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | KCCA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $907.0B | $116M | |
| Dividend Yield | 1.10% | 2.89% | |
| Holdings | 508 | 4 | |
| YTD Return | +12.28% | +1.46% | |
| 1Y Return | +20.94% | +12.69% | |
| 3Y Return (annualized) | +21.81% | -5.23% | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 20.8% | |
| Max Drawdown | -56.5% | -40.9% | |
| Fund Family | iShares by BlackRock (US) | KraneShares | |
| Category | Equity | Commodity | |
| Inception | May 15, 2000 | Oct 4, 2021 |
IVV vs KCCA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and KraneShares California Carbon Allowance Strategy ETF (KCCA) is a ETF from KraneShares. Over the past year IVV returned +20.94% while KCCA returned +12.69%. Year to date, IVV is up 12.28% versus a gain of 1.46% for KCCA.
Over three years, IVV compounded at +21.81% per year against -5.23% for KCCA. Across the full 5-year window we track, IVV has the edge at +6.98% annualized vs -1.60%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KCCA has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -40.9% for KCCA. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while KCCA charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.89% for KCCA.
Holdings Overlap
IVV and KCCA share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or KCCA?
IVV has an expense ratio of 0.03% while KCCA charges 0.95%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, IVV or KCCA?
Over the past year IVV returned +20.94% vs +12.69% for KCCA, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +6.98% vs -1.60% for KCCA. Past performance does not guarantee future results.
Which is riskier, IVV or KCCA?
KCCA has been the more volatile fund at 20.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs KCCA -40.9%.
Should I hold both IVV and KCCA?
IVV and KCCA have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and KCCA?
IVV and KCCA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or KCCA?
IVV yields 1.10% while KCCA yields 2.89%, so KCCA currently pays the higher dividend yield.
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