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ETFs

KraneShares California Carbon Allowance Strategy ETF

KCCA
$--
Today’s Change
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Snapshot
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Inception Date
Oct 05 2021
Expense Ratio
0.81%
Type
Global Commodities & Metals
Fund Owner
Krane Shares
Volume (1m avg. daily)
$544,816
AUM
$268,342,558
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GVMXX
STATE ST INST US GOV
69.97%
n/a
Cash
30.03%
Invest with KCCA

What is KCCA?

KraneShares California Carbon Allowance Strategy ETF provides targeted exposure to the California Carbon Allowances (CCA) cap-and-trade carbon allowance program. KCCA is benchmarked to the IHS Markit Carbon CCA Index, which tracks the most traded CCA futures contracts. As a part of the KraneShares suite of carbon ETFs, KCCA provides a new vehicle for participating in the price of carbon and hedging risk while supporting responsible investing and ESG goals.

ETFs related toKCCA

ETFs correlated to KCCA include AUGW, XAUG, GAUG

KCCA
KraneShares Trust - Kraneshares California Carbon Allowance Strategy ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
CVRD
Madison ETFs Trust - Madison Covered Call ETF
JPLD
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Limited Duration Bond ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
FVC
First Trust Exchange-Traded Fund III - First Trust Dorsey Wright Dynamic Focus 5 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

KCCA is a Global Commodities & Metals ETF. KraneShares California Carbon Allowance Strategy ETF provides targeted exposure to the California Carbon Allowances (CCA) cap-and-trade carbon allowance program. KCCA is benchmarked to the IHS Markit Carbon CCA Index, which tracks the most traded CCA futures contracts. As a part of the KraneShares suite of carbon ETFs, KCCA provides a new vehicle for participating in the price of carbon and hedging risk while supporting responsible investing and ESG goals.

Yes, KCCA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, KCCA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KCCA is 0.0162%. This is the percent change in the value of KCCA over the most recent 1-month period. The 3-month return on KCCA is 0.1301%. This is the percent change in the value of KCCA over the most recent 3-month period.

The standard deviation of KCCA for the past year is 0.1585%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KCCA include PFF, PGF, and PGX.

ETFs correlated to KCCA include AUGW, XAUG, and GAUG.

ETFs that are inversely correlated to KCCA include PAAA, RWM, and TWM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.