KCCA vs VYM
KraneShares California Carbon Allowance Strategy ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 568 holdings.
Side-by-Side Comparison
| Metric | KCCA | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.91% | 0.04% | |
| AUM | $113M | $79.0B | |
| Dividend Yield | 2.83% | 2.86% | |
| Holdings | 4 | 568 | |
| YTD Return | +0.35% | +16.78% | |
| 1Y Return | +13.90% | +24.43% | |
| 3Y Return (annualized) | -5.63% | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 20.7% | 14.6% | |
| Max Drawdown | -40.9% | -58.8% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Oct 4, 2021 | Nov 10, 2006 |
KCCA vs VYM Performance
KraneShares California Carbon Allowance Strategy ETF (KCCA) is a ETF from KraneShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year KCCA returned +13.90% while VYM returned +24.43%. Year to date, KCCA is up 0.35% versus a gain of 16.78% for VYM.
Over three years, KCCA compounded at -5.63% per year against +18.60% for VYM. Across the full 5-year window we track, VYM has the edge at +7.11% annualized vs -1.83%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KCCA charges 0.91% per year while VYM charges 0.04%. On a $10,000 position that is $91 vs $4 annually, a gap of $87 per year that compounds over a long holding period. On income, KCCA currently yields 2.83% against 2.86% for VYM.
Holdings Overlap
KCCA and VYM share 0 holdings out of 560 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 VYM?
KCCA has an expense ratio of 0.91% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, KCCA or VYM?
Over the past year KCCA returned +13.90% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), KCCA annualized -1.83% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, KCCA or VYM?
KCCA has been the more volatile fund at 20.7% annualized versus 14.6% for VYM. Worst drawdown: KCCA -40.9% vs VYM -58.8%.
Should I hold both KCCA and VYM?
KCCA and VYM have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KCCA and VYM?
KCCA and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, KCCA or VYM?
KCCA yields 2.83% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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