KCCA vs SPY
KraneShares California Carbon Allowance Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, KCCA or SPY?
Energy against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | KCCA | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $122M | $804.7B |
| Dividend Yield | 2.77% | 0.98% |
| Holdings | 4 | 505 |
| YTD Return | -3.16% | +10.96%Best |
| 1Y Return | -2.03% | +15.52%Best |
| 3Y Return (annualized) | -7.79% | +20.73%Best |
| 5Y Return (annualized) | -2.50% | +12.53%Best |
| Volatility (annualized) | 20.8% | 15.6%Best |
| Max Drawdown | -40.9% | -24.5%Best |
| $10,000 over 5 years | $8,811 | $18,044Best |
| Fund Family | KraneShares | State Street Investment Management |
| Category | Commodity | Equity |
| Style | Energy | Large Cap Blend |
| Inception | Oct 4, 2021 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 5, 2021 to Sep 16, 2026 (4.9 years).
KCCA vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.9 years both funds cover.
KCCA vs SPY Performance
KraneShares California Carbon Allowance Strategy ETF (KCCA) is an ETF from KraneShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year KCCA returned -2.03% while SPY returned +15.52%. Year to date, KCCA is down 3.16% versus a gain of 10.96% for SPY.
Over three years, KCCA compounded at -7.79% per year against +20.73% for SPY; over five years the annualized figures are -2.50% and +12.53% respectively.
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 15.6% for SPY. 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 -40.9% for KCCA and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.16. They move largely independently of each other.
Fees and Cost Over Time
KCCA charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, KCCA currently yields 2.77% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in KCCA and 504 in SPY, totalling 75.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in KCCA and 504 in SPY, against full books of 4 and 505.
You are not choosing between two funds in isolation.
Whichever of KCCA and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KCCA or SPY?
KCCA has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, KCCA or SPY?
Over the past year KCCA returned -2.03% vs +15.52% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KCCA or SPY?
KCCA has been the more volatile fund at 20.8% annualized versus 15.6% for SPY. Worst drawdown: KCCA -40.9% vs SPY -24.5%.
Should I hold both KCCA and SPY?
KCCA and SPY have a monthly-return correlation of 0.16, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, KCCA or SPY?
KCCA yields 2.77% while SPY yields 0.98%, so KCCA currently pays the higher dividend yield.
Is SPY better than KCCA?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.