KCCA vs VOO
KraneShares California Carbon Allowance Strategy ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | KCCA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $116M | $997.4B | |
| Dividend Yield | 2.89% | 1.08% | |
| Holdings | 4 | 509 | |
| YTD Return | +0.29% | +14.27% | |
| 1Y Return | +13.54% | +21.79% | |
| 3Y Return (annualized) | -5.53% | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 20.7% | 14.2% | |
| Max Drawdown | -40.9% | -34.3% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Oct 4, 2021 | Sep 7, 2010 |
KCCA vs VOO Performance
KraneShares California Carbon Allowance Strategy ETF (KCCA) is a ETF from KraneShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year KCCA returned +13.54% while VOO returned +21.79%. Year to date, KCCA is up 0.29% versus a gain of 14.27% for VOO.
Over three years, KCCA compounded at -5.53% per year against +22.19% for VOO. Across the full 5-year window we track, VOO has the edge at +13.59% annualized vs -1.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KCCA has been the more volatile fund, with annualized monthly volatility of 20.7% compared with 14.2% for VOO. 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 -34.3% for VOO. 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KCCA charges 0.95% per year while VOO charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, KCCA currently yields 2.89% against 1.08% for VOO.
Holdings Overlap
KCCA and VOO 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, KCCA or VOO?
KCCA has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, KCCA or VOO?
Over the past year KCCA returned +13.54% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), KCCA annualized -1.84% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, KCCA or VOO?
KCCA has been the more volatile fund at 20.7% annualized versus 14.2% for VOO. Worst drawdown: KCCA -40.9% vs VOO -34.3%.
Should I hold both KCCA and VOO?
KCCA and VOO have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KCCA and VOO?
KCCA and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, KCCA or VOO?
KCCA yields 2.89% while VOO yields 1.08%, so KCCA currently pays the higher dividend yield.
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