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Upturn AI SWOT - About
KraneShares California Carbon Allowance ETF (KCCA)
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Upturn Advisory Summary
06/30/2025: KCCA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $0
1 Year Target Price $0
| 0 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type ETF | Historic Profit 13.74% | Avg. Invested days 72 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.19 | 52 Weeks Range 13.61 - 22.28 | Updated Date 06/29/2025 |
52 Weeks Range 13.61 - 22.28 | Updated Date 06/29/2025 |
Upturn AI SWOT
KraneShares California Carbon Allowance ETF
ETF Overview
Overview
The KraneShares California Carbon Allowance ETF (KCCA) offers exposure to the California Carbon Allowances (CCA) market, which is part of California's cap-and-trade program. It aims to track the performance of CCA futures contracts, allowing investors to participate in the carbon credit market.
Reputation and Reliability
KraneShares is known for its specialized ETFs, particularly those focused on China and alternative asset classes like carbon credits. They are generally considered reliable, offering innovative investment products.
Management Expertise
The management team has experience in managing commodity and alternative investment strategies, which is relevant for effectively managing an ETF tracking carbon allowances.
Investment Objective
Goal
The primary investment goal is to track the performance of the California Carbon Allowance futures contracts market.
Investment Approach and Strategy
Strategy: The ETF tracks a specific market, the California Carbon Allowances futures market. It does not aim to track a traditional index.
Composition The ETF primarily holds California Carbon Allowance (CCA) futures contracts. It may also hold cash or other short-term instruments.
Market Position
Market Share: KCCA dominates the carbon allowance ETF market due to its first-mover advantage.
Total Net Assets (AUM): 94220000
Competitors
Key Competitors
- GRAYSCALE CARBON OFFSET ETF (GCO2)
Competitive Landscape
KCCA benefits from being the first ETF dedicated to California carbon allowances, giving it a significant advantage. While other funds focused on broader carbon markets may exist, KCCA remains unique. KCCA's concentration on California allowances may pose regulatory risk, while competitors have diversification.
Financial Performance
Historical Performance: Historical performance is directly tied to the price of California Carbon Allowances, which can be volatile. Data not retrievable on demand.
Benchmark Comparison: The ETF's performance should be compared directly against the price of California Carbon Allowance futures contracts and any related index data. Data not retrievable on demand.
Expense Ratio: 0.79
Liquidity
Average Trading Volume
KCCA's average daily trading volume varies based on market interest and is generally sufficient for most investors but could widen during times of volatility.
Bid-Ask Spread
The bid-ask spread for KCCA is typically reasonable but can widen during periods of increased volatility or lower trading volume.
Market Dynamics
Market Environment Factors
The market environment is influenced by California's climate policies, regulatory changes affecting the cap-and-trade program, and the overall demand for carbon credits by regulated entities.
Growth Trajectory
Growth is dependent on the stringency of California's climate regulations, demand for allowances, and the participation of entities in the market. Regulatory changes can create volatility.
Moat and Competitive Advantages
Competitive Edge
KCCA benefits from being the first mover in the California Carbon Allowance ETF market, giving it a brand recognition advantage. The ETFu2019s focused approach on the California market, despite the risk, makes it unique compared to the more broader carbon market ETFs. The specialization may attract investors specifically interested in California's cap-and-trade program. KCCA will need to retain market share from future competitors.
Risk Analysis
Volatility
KCCA's historical volatility is high due to the inherent volatility of carbon allowance futures contracts.
Market Risk
The primary market risk stems from regulatory changes affecting California's cap-and-trade program, which could significantly impact the price of carbon allowances. Changes in climate policy, economic downturns, or technological shifts could all affect allowance prices.
Investor Profile
Ideal Investor Profile
The ideal investor is someone knowledgeable about carbon markets and climate policies, with a higher risk tolerance and a desire to gain exposure to the carbon allowance market for diversification or hedging purposes.
Market Risk
KCCA is suitable for sophisticated investors or active traders who are familiar with commodities and futures contracts, rather than passive index followers or long-term investors seeking stable returns.
Summary
The KraneShares California Carbon Allowance ETF (KCCA) provides a focused investment in the California Carbon Allowance market. It offers exposure to the carbon credit market. Its performance is heavily influenced by regulatory and market factors in California. Due to the volatile nature and the uncertainty of regulations, KCCA is more suitable for risk-tolerant and active traders, who are very familiar with market dynamics.
Peer Comparison
Sources and Disclaimers
Data Sources:
- KraneShares website
- ETF.com
- Yahoo Finance
- Bloomberg
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investments in ETFs carry risk, including the risk of loss.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About KraneShares California Carbon Allowance ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is designed to measure the performance of a portfolio of futures contracts on carbon credits issued under the California Carbon Allowance "cap and trade" regime. The index includes only carbon credit futures that mature in December of the next one to two years. The fund will generally seek to obtain exposure to the same carbon credit futures that are in the index. The fund will invest at least 80% of its net assets in instruments that provide exposure to California Carbon Allowances. It is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.