KCCA vs IQHI

Comparison between KRANESHARES CALIFORNIA CARBON ALLOWANCE STRATEGY ETF (KCCA, ETF) and NYLI MACKAY HIGH INCOME ETF (IQHI, ETF).

KCCA vs IQHI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KCCA(ETF)	IQHI(ETF)
Net Assets	$117M	$116M
Expense Ratio	0.91%	0.41%
Max Drawdown	54.18%	7.33%
Sharpe Ratio	0.56	0.35
5Y Beta	-0.10	0.15

Net Assets

Winner

KCCA

$117M

IQHI

$116M

Expense Ratio

KCCA

0.91%

Winner

IQHI

0.41%

Max Drawdown

KCCA

54.18%

Winner

IQHI

7.33%

Sharpe Ratio

Winner

KCCA

0.56

IQHI

0.35

5Y Beta

Winner

KCCA

-0.10

IQHI

0.15

KCCA vs IQHI - Historical Returns

Returns include dividend reinvestment.

Period	KCCA	IQHI
1 month	-2.21%	-0.28%
3 months	+12.21%	+0.20%
6 months	+6.20%	+0.81%
1 year	+12.43%	+5.01%
5 years(CAGR)	-2.44%	N/A
Max(CAGR)	-2.44%	+8.64%

KCCA

-2.21%

Winner

IQHI

-0.28%

Winner

KCCA

+12.21%

IQHI

+0.20%

Winner

KCCA

+6.20%

IQHI

+0.81%

Winner

KCCA

+12.43%

IQHI

+5.01%

5Y(CAGR)

KCCA

-2.44%

IQHI

N/A

Max(CAGR)

KCCA

-2.44%

Winner

IQHI

+8.64%

KCCA vs IQHI - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	KCCA	IQHI
2026	-2.15%	+1.03%
2025	-11.72%	+8.31%
2024	-15.68%	+8.11%
2023	+36.55%	+11.98%
2022	-19.70%	+2.77%
2021	+8.91%	N/A

KCCA vs IQHI 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 IQHI was -4.19%, occurring on Feb 21, 2023. Recovery took 92 trading sessions.

The current KCCA drawdown is -29.37%. The current IQHI drawdown is -0.83%.

Rank	KCCA	IQHI
#1	-41.11% Feb 5, 2024 - Apr 14, 2025	-4.19% Feb 2, 2023 - Jun 15, 2023
#2	-34.85% Nov 15, 2021 - Jan 5, 2024	-3.97% Feb 28, 2025 - May 13, 2025
#3	-7.15% Oct 5, 2021 - Oct 22, 2021	-3.40% Sep 1, 2023 - Nov 14, 2023
#4	-2.08% Oct 25, 2021 - Oct 29, 2021	-2.46% Feb 20, 2026 - Apr 14, 2026
#5	-1.69% Jan 19, 2024 - Feb 1, 2024	-2.41% Dec 13, 2022 - Jan 9, 2023
#6	-1.40% Nov 1, 2021 - Nov 9, 2021	-1.92% Dec 27, 2023 - Feb 1, 2024
#7	-1.32% Jan 8, 2024 - Jan 17, 2024	-1.90% Mar 28, 2024 - May 15, 2024
#8	-0.16% Jan 17, 2024 - Jan 19, 2024	-1.68% Apr 17, 2026 - May 26, 2026
#9	N/A	-1.60% Oct 28, 2022 - Nov 10, 2022
#10	N/A	-1.38% Dec 6, 2024 - Jan 24, 2025
#11	N/A	-1.18% Jul 31, 2023 - Aug 29, 2023
#12	N/A	-1.16% Oct 27, 2025 - Nov 28, 2025
#13	N/A	-1.11% Jun 16, 2023 - Jul 12, 2023
#14	N/A	-1.08% Sep 22, 2025 - Oct 27, 2025
#15	N/A	-1.07% May 15, 2024 - Jun 4, 2024

Correlation

Correlation between KCCA and IQHI is -0.50 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.50

-101