KCCA vs FNGG

Comparison between KRANESHARES CALIFORNIA CARBON ALLOWANCE STRATEGY ETF (KCCA, ETF) and DIREXION DAILY NYSE FANG+ BULL 2X SHARES (FNGG, ETF).

5-Year PerformanceFNGG has outperformed KCCA, delivering a return of +0.3% compared to -2.6%

KCCA vs FNGG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KCCA(ETF)	FNGG(ETF)
Net Assets	$117M	$117M
Expense Ratio	0.91%	N/A
Max Drawdown	54.18%	91.69%
Sharpe Ratio	0.56	0.47
5Y Beta	-0.10	2.79

Net Assets

KCCA

$117M

Winner

FNGG

$117M

Expense Ratio

KCCA

0.91%

FNGG

N/A

Max Drawdown

Winner

KCCA

54.18%

FNGG

91.69%

Sharpe Ratio

Winner

KCCA

0.56

FNGG

0.47

5Y Beta

Winner

KCCA

-0.10

FNGG

2.79

KCCA vs FNGG - Holdings Comparison

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

KCCA's top 25 holdings weight is 80.20%. FNGG's top 25 holdings weight is 37.93%.

Rank	KCCA	FNGG
#1	KRANESHARES SUST ULTRA SHRT DUR IDX ETF (KCSH) - 76.89%	META PLATFORMS INC CLASS A (META) - 4.32%
#2	STATE STREET INSTL US GOVT MMKT PREMIER (GVMXX) - 3.31%	APPLE INC (AAPL) - 3.95%
#3	N/A	AMAZON.COM INC (AMZN) - 3.87%
#4	N/A	NVIDIA CORP (NVDA) - 3.84%
#5	N/A	PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 3.80%
#6	N/A	MICROSOFT CORP (MSFT) - 3.77%
#7	N/A	ALPHABET INC CLASS A (GOOGL) - 3.67%
#8	N/A	BROADCOM INC (AVGO) - 3.67%
#9	N/A	NETFLIX INC (NFLX) - 3.54%
#10	N/A	MICRON TECHNOLOGY INC (MU) - 3.50%
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	2	10

KCCA vs FNGG - Historical Returns

Returns include dividend reinvestment.

Period	KCCA	FNGG
1 month	-1.94%	+2.22%
3 months	+11.88%	+3.55%
6 months	+5.32%	+12.72%
1 year	+11.86%	+11.15%
5 years(CAGR)	-2.61%	+0.34%
Max(CAGR)	-2.61%	+0.34%

KCCA

-1.94%

Winner

FNGG

+2.22%

Winner

KCCA

+11.88%

FNGG

+3.55%

KCCA

+5.32%

Winner

FNGG

+12.72%

Winner

KCCA

+11.86%

FNGG

+11.15%

5Y(CAGR)

KCCA

-2.61%

Winner

FNGG

+0.34%

Max(CAGR)

KCCA

-2.61%

Winner

FNGG

+0.34%

KCCA vs FNGG - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	KCCA	FNGG
2026	-2.97%	+9.42%
2025	-11.72%	+25.92%
2024	-15.68%	+109.39%
2023	+36.55%	+214.56%
2022	-19.70%	-87.38%
2021	+8.91%	-2.82%

KCCA vs FNGG 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 FNGG was -91.31%, occurring on Jan 5, 2023. This drawdown has not yet recovered.

The current KCCA drawdown is -29.96%. The current FNGG drawdown is -21.52%.

Rank	KCCA	FNGG
#1	-41.11% Feb 5, 2024 - Apr 14, 2025	-91.31% Nov 16, 2021 - Jan 5, 2023
#2	-34.85% Nov 15, 2021 - Jan 5, 2024	-5.74% Oct 1, 2021 - Oct 7, 2021
#3	-7.15% Oct 5, 2021 - Oct 22, 2021	-5.42% Nov 9, 2021 - Nov 12, 2021
#4	-2.08% Oct 25, 2021 - Oct 29, 2021	-4.65% Oct 21, 2021 - Nov 1, 2021
#5	-1.69% Jan 19, 2024 - Feb 1, 2024	-3.01% Oct 7, 2021 - Oct 13, 2021
#6	-1.40% Nov 1, 2021 - Nov 9, 2021	-2.41% Nov 4, 2021 - Nov 9, 2021
#7	-1.32% Jan 8, 2024 - Jan 17, 2024	-1.20% Oct 19, 2021 - Oct 21, 2021
#8	-0.16% Jan 17, 2024 - Jan 19, 2024	-0.72% Nov 1, 2021 - Nov 3, 2021
#9	N/A	-0.66% Nov 12, 2021 - Nov 16, 2021

Correlation

Correlation between KCCA and FNGG is -0.32 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.32

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