(KCCA) KraneShares California - Overview
Etf: Futures, Carbon, Allowances, Cap-And-Trade, California
Dividends
| Dividend Yield | 2.93% |
| Yield on Cost 5y | 2.56% |
| Yield CAGR 5y | 105.08% |
| Payout Consistency | 61.6% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 15.4% |
| Relative Tail Risk | -13.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.26 |
| Alpha | -5.77 |
| Character TTM | |
|---|---|
| Beta | -0.239 |
| Beta Downside | 0.140 |
| Drawdowns 3y | |
|---|---|
| Max DD | 40.88% |
| CAGR/Max DD | -0.06 |
Description: KCCA KraneShares California January 19, 2026
The KraneShares California Carbon Allowance ETF (NYSE ARCA: KCCA) tracks an index of futures contracts tied to California’s cap-and-trade emission allowances, a regulatory scheme designed to progressively lower greenhouse-gas output. By mandate, the fund allocates at least 80 % of its net assets to instruments that give direct exposure to California Carbon Allowances (CCAs), and it is classified as a non-diversified commodity-focused ETF.
Key market drivers to watch: (1) The price of CCA futures has hovered around $22-$24 per allowance in 2024, reflecting tightening supply as the state tightens its emissions cap. (2) Compliance demand spikes seasonally, especially in Q3-Q4, when utilities must submit allowances to meet year-end reporting. (3) The ETF’s expense ratio sits at 0.75 % and its assets under management (AUM) were approximately $150 million as of the latest filing, indicating modest scale but growing interest among ESG-focused investors.
For a deeper, data-driven look at KCCA’s risk-adjusted returns and exposure profile, the ValueRay platform offers a free analytical snapshot worth exploring.
What is the price of KCCA shares?
Over the past week, the price has changed by +0.55%, over one month by -10.40%, over three months by -5.70% and over the past year by -2.18%.
Is KCCA a buy, sell or hold?
What are the forecasts/targets for the KCCA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 16.2 | 5.8% |
KCCA Fundamental Data Overview February 09, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 105.5m USD (105.5m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 105.5m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 105.5m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 5.03% (E(105.5m)/V(105.5m) * Re(5.03%) + (debt-free company))
Discount Rate = 5.03% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)