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Upturn AI SWOT - About
KraneShares California Carbon Allowance ETF (KCCA)
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Upturn Advisory Summary
10/24/2025: 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.
Analysis of Past Performance
Type ETF | Historic Profit 29.86% | Avg. Invested days 93 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 10/24/2025 |
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) provides exposure to the California Carbon Allowances (CCAs) market, offering investors a way to participate in California's cap-and-trade program. The ETF aims to track the performance of CCA futures contracts, primarily focusing on the compliance carbon market. KCCA provides exposure to the price of carbon credits which are traded on carbon exchanges.
Reputation and Reliability
KraneShares is a well-known ETF provider specializing in thematic and China-focused investments. They have a generally positive reputation for creating innovative ETFs.
Management Expertise
KraneShares has a dedicated team experienced in managing commodity and alternative investment ETFs. They demonstrate an understanding of carbon markets and regulatory frameworks.
Investment Objective
Goal
To provide investors with exposure to the California Carbon Allowances (CCA) market by tracking the performance of CCA futures contracts.
Investment Approach and Strategy
Strategy: The ETF aims to track the performance of CCA futures contracts, focusing on the compliance carbon market.
Composition The ETF primarily holds futures contracts on California Carbon Allowances (CCAs).
Market Position
Market Share: KCCA is the only ETF that provides exposure to the California Carbon Allowance market. Therefore, KCCA holds the entire market share.
Total Net Assets (AUM): 127369840
Competitors
Key Competitors
Competitive Landscape
Since KCCA is the sole ETF offering direct exposure to the California Carbon Allowance market, it currently faces no direct competitors in the ETF space. Its advantage lies in its unique market access. There are no competitive disadvantages since there are no other ETFs that offer California Carbon Allowance futures exposure.
Financial Performance
Historical Performance: Historical performance data should be sourced from financial data providers.
Benchmark Comparison: The ETF's performance is benchmarked against the ICE California Carbon Allowance Futures Index.
Expense Ratio: 0.79
Liquidity
Average Trading Volume
The average trading volume is moderate, reflecting the niche nature of the carbon allowance market.
Bid-Ask Spread
The bid-ask spread is generally tight, reflecting the liquidity of the underlying futures contracts.
Market Dynamics
Market Environment Factors
Economic indicators, regulatory changes in California's cap-and-trade program, and global climate change policies influence the price of carbon allowances, thus affecting KCCA.
Growth Trajectory
Growth trends are tied to the stringency of California's climate regulations and the demand for carbon allowances. Strategy and holdings remain relatively stable, focusing on CCA futures.
Moat and Competitive Advantages
Competitive Edge
KCCA possesses a significant first-mover advantage as the only ETF providing direct exposure to the California Carbon Allowance market. This allows investors to participate directly in California's cap-and-trade program and profit from the rising cost of carbon emissions. The fund offers a convenient and regulated way to access this specialized market, as opposed to trading futures contracts directly. This unique positioning creates a strong barrier to entry for potential competitors.
Risk Analysis
Volatility
The ETF's volatility is tied to the fluctuations in carbon allowance prices, which can be influenced by regulatory changes, economic conditions, and climate-related events.
Market Risk
Specific risks include regulatory risk (changes to California's cap-and-trade program), political risk, and fluctuations in the demand for carbon allowances. The value of CCA futures contracts could be volatile.
Investor Profile
Ideal Investor Profile
The ideal investor is one interested in environmental, social, and governance (ESG) investing, carbon markets, and/or those seeking to hedge against the impact of carbon regulations.
Market Risk
KCCA is suitable for investors with a higher risk tolerance seeking exposure to carbon markets. It's best suited for long-term investors who believe in the increasing importance of carbon pricing.
Summary
The KraneShares California Carbon Allowance ETF (KCCA) offers a unique investment opportunity by tracking the California Carbon Allowance market. As the only ETF providing exposure to this market, KCCA provides investors with a convenient and regulated way to participate in California's cap-and-trade program. Its performance is intrinsically tied to the regulatory landscape and the overall demand for carbon credits in California. However, investors should be aware of the inherent risks associated with regulatory changes and market volatility.
Peer Comparison
Sources and Disclaimers
Data Sources:
- KraneShares official website
- ETF Database
- Bloomberg
- Company Filings
Disclaimers:
The data and analysis provided are for informational purposes only and do not constitute financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
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.