KEUA vs VOO
KraneShares European 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 | KEUA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.87% | 0.03% | |
| AUM | $5M | $997.4B | |
| Dividend Yield | 2.82% | 1.08% | |
| Holdings | 7 | 509 | |
| YTD Return | -19.94% | +12.68% | |
| 1Y Return | +4.65% | +21.87% | |
| 3Y Return (annualized) | -7.86% | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 33.8% | 14.1% | |
| Max Drawdown | -49.2% | -34.3% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 4, 2021 | Sep 7, 2010 |
KEUA vs VOO Performance
KraneShares European Carbon Allowance Strategy ETF (KEUA) is a ETF from KraneShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year KEUA returned +4.65% while VOO returned +21.87%. Year to date, KEUA is down 19.94% versus a gain of 12.68% for VOO.
Over three years, KEUA compounded at -7.86% per year against +22.06% for VOO. Across the full 4-year window we track, VOO has the edge at +13.47% annualized vs +0.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KEUA has been the more volatile fund, with annualized monthly volatility of 33.8% compared with 14.1% 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 -49.2% for KEUA 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 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KEUA charges 0.87% per year while VOO charges 0.03%. On a $10,000 position that is $87 vs $3 annually, a gap of $84 per year that compounds over a long holding period. On income, KEUA currently yields 2.82% against 1.08% for VOO.
Holdings Overlap
KEUA 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, KEUA or VOO?
KEUA has an expense ratio of 0.87% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $84 per year of difference.
Which performed better, KEUA or VOO?
Over the past year KEUA returned +4.65% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), KEUA annualized +0.73% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, KEUA or VOO?
KEUA has been the more volatile fund at 33.8% annualized versus 14.1% for VOO. Worst drawdown: KEUA -49.2% vs VOO -34.3%.
Should I hold both KEUA and VOO?
KEUA and VOO have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KEUA and VOO?
KEUA and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, KEUA or VOO?
KEUA yields 2.82% while VOO yields 1.08%, so KEUA currently pays the higher dividend yield.
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