KCCA vs FLEE

Comparison between KRANESHARES CALIFORNIA CARBON ALLOWANCE STRATEGY ETF (KCCA, ETF) and FRANKLIN FTSE EUROPE ETF (FLEE, ETF).

5-Year PerformanceFLEE has outperformed KCCA, delivering a return of +8.9% compared to -2.9%

KCCA vs FLEE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KCCA(ETF)	FLEE(ETF)
Net Assets	$118M	$118M
Expense Ratio	0.91%	0.09%
Max Drawdown	54.18%	41.14%
Sharpe Ratio	0.78	0.92
5Y Beta	-0.11	0.68
5Y Dividends CAGR	N/A	21.39%

Net Assets

KCCA

$118M

Winner

FLEE

$118M

Expense Ratio

KCCA

0.91%

Winner

FLEE

0.09%

Max Drawdown

KCCA

54.18%

Winner

FLEE

41.14%

Sharpe Ratio

KCCA

0.78

Winner

FLEE

0.92

5Y Beta

Winner

KCCA

-0.11

FLEE

0.68

5Y Dividends CAGR

KCCA

N/A

FLEE

21.39%

KCCA vs FLEE - Holdings Comparison

KCCA and FLEE have 0 common holdings. Overlap is 0.00%

KCCA's top 25 holdings weight is 80.75%. FLEE's top 25 holdings weight is 32.75%.

Rank	KCCA	FLEE
#1	KRANESHARES SUST ULTRA SHRT DUR IDX ETF (KCSH) - 75.88%	ASML HOLDING NV (n/a) - 4.55%
#2	STATE STREET INSTL US GOVT MMKT PREMIER (GVMXX) - 4.87%	HSBC HOLDINGS PLC (n/a) - 2.25%
#3	N/A	ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.91%
#4	N/A	NOVARTIS AG REGISTERED SHARES (n/a) - 1.90%
#5	N/A	ASTRAZENECA PLC (AZN:XLON) - 1.84%
#6	N/A	NESTLE SA (n/a) - 1.76%
#7	N/A	SHELL PLC (n/a) - 1.70%
#8	N/A	SIEMENS AG (n/a) - 1.64%
#9	N/A	SAP SE (n/a) - 1.35%
#10	N/A	BANCO SANTANDER SA (n/a) - 1.26%
#11	N/A	SCHNEIDER ELECTRIC SE (n/a) - 1.25%
#12	N/A	ABB LTD (n/a) - 1.18%
#13	N/A	ALLIANZ SE (n/a) - 1.15%
#14	N/A	TOTALENERGIES SE (TTE) - 1.12%
#15	N/A	UBS GROUP AG REGISTERED SHARES (n/a) - 1.04%
#16	N/A	IBERDROLA SA (n/a) - 1.03%
#17	N/A	ROLLS-ROYCE HOLDINGS PLC (n/a) - 1.01%
#18	N/A	LVMH MOET HENNESSY LOUIS VUITTON SE (n/a) - 0.98%
#19	N/A	NOVO NORDISK AS CLASS B (n/a) - 0.95%
#20	N/A	SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 0.94%
#21	N/A	ENGIE SA (n/a) - 0.39%
#22	N/A	DEUTSCHE BANK AG (n/a) - 0.39%
#23	N/A	DEUTSCHE POST AG (n/a) - 0.39%
#24	N/A	ESSILORLUXOTTICA (n/a) - 0.39%
#25	N/A	COMPASS GROUP PLC (n/a) - 0.38%
Total Holdings	2	471

KCCA vs FLEE - Historical Returns

Returns include dividend reinvestment.

Period	KCCA	FLEE
1 month	+8.05%	+4.71%
3 months	+11.54%	+7.98%
6 months	+0.91%	+9.06%
1 year	+15.86%	+19.08%
5 years(CAGR)	-2.85%	+8.90%
10 years(CAGR)	N/A	+8.51%
Max(CAGR)	-2.85%	+8.51%

Winner

KCCA

+8.05%

FLEE

+4.71%

Winner

KCCA

+11.54%

FLEE

+7.98%

KCCA

+0.91%

Winner

FLEE

+9.06%

KCCA

+15.86%

Winner

FLEE

+19.08%

5Y(CAGR)

KCCA

-2.85%

Winner

FLEE

+8.90%

10Y(CAGR)

KCCA

N/A

FLEE

+8.51%

Max(CAGR)

KCCA

-2.85%

Winner

FLEE

+8.51%

KCCA vs FLEE - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	KCCA	FLEE
2026	-3.82%	+6.31%
2025	-11.72%	+36.30%
2024	-15.68%	+3.28%
2023	+36.55%	+19.50%
2022	-19.70%	-15.69%
2021	+8.91%	+15.55%
2020	N/A	+4.39%
2019	N/A	+25.48%
2018	N/A	-15.33%
2017	N/A	+1.47%

KCCA vs FLEE Drawdown Comparison

The maximum drawdown for KCCA was -41.11%, occurring on Apr 14, 2025. This drawdown has not yet recovered.

The maximum drawdown for FLEE was -37.27%, occurring on Mar 18, 2020. Recovery took 216 trading sessions.

The current KCCA drawdown is -30.57%. The current FLEE drawdown is -0.83%.

Rank	KCCA	FLEE
#1	-41.11% Feb 5, 2024 - Apr 14, 2025	-37.27% Jan 17, 2020 - Nov 24, 2020
#2	-34.85% Nov 15, 2021 - Jan 5, 2024	-31.60% Sep 2, 2021 - Dec 14, 2023
#3	-7.15% Oct 5, 2021 - Oct 22, 2021	-22.67% Jan 26, 2018 - Jan 2, 2020
#4	-2.08% Oct 25, 2021 - Oct 29, 2021	-14.59% Mar 18, 2025 - Apr 29, 2025
#5	-1.69% Jan 19, 2024 - Feb 1, 2024	-12.37% Feb 25, 2026 - Mar 20, 2026
#6	-1.40% Nov 1, 2021 - Nov 9, 2021	-11.08% Sep 26, 2024 - Feb 28, 2025
#7	-1.32% Jan 8, 2024 - Jan 17, 2024	-6.61% Jun 6, 2024 - Aug 19, 2024
#8	-0.16% Jan 17, 2024 - Jan 19, 2024	-5.71% Jun 15, 2021 - Aug 5, 2021
#9	N/A	-5.53% Jul 23, 2025 - Aug 20, 2025
#10	N/A	-5.22% Nov 12, 2025 - Dec 10, 2025
#11	N/A	-4.90% Jan 8, 2021 - Feb 16, 2021
#12	N/A	-4.29% Dec 27, 2023 - Feb 21, 2024
#13	N/A	-4.20% Mar 27, 2024 - May 7, 2024
#14	N/A	-3.70% Aug 30, 2024 - Sep 26, 2024
#15	N/A	-3.21% Jun 12, 2025 - Jul 2, 2025

Correlation

Correlation between KCCA and FLEE is -0.45 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.45

-101