KCCA vs PAB

Comparison between KRANESHARES CALIFORNIA CARBON ALLOWANCE STRATEGY ETF (KCCA, ETF) and PGIM ACTIVE AGGREGATE BOND ETF (PAB, ETF).

5-Year PerformancePAB has outperformed KCCA, delivering a return of +0.1% compared to -2.7%

KCCA vs PAB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KCCA(ETF)	PAB(ETF)
Net Assets	$107M	$107M
Expense Ratio	0.91%	0.19%
Max Drawdown	54.18%	23.81%
Sharpe Ratio	0.87	0.25
5Y Beta	-0.11	0.03

Net Assets

Winner

KCCA

$107M

PAB

$107M

Expense Ratio

KCCA

0.91%

Winner

PAB

0.19%

Max Drawdown

KCCA

54.18%

Winner

PAB

23.81%

Sharpe Ratio

Winner

KCCA

0.87

PAB

0.25

5Y Beta

Winner

KCCA

-0.11

PAB

0.03

KCCA vs PAB - Historical Returns

Returns include dividend reinvestment.

Period	KCCA	PAB
1 month	+11.60%	-0.17%
3 months	+9.89%	-1.04%
6 months	+2.69%	+0.23%
1 year	+16.64%	+4.80%
5 years(CAGR)	-2.72%	+0.10%
Max(CAGR)	-2.72%	+0.15%

Winner

KCCA

+11.60%

PAB

-0.17%

Winner

KCCA

+9.89%

PAB

-1.04%

Winner

KCCA

+2.69%

PAB

+0.23%

Winner

KCCA

+16.64%

PAB

+4.80%

5Y(CAGR)

KCCA

-2.72%

Winner

PAB

+0.10%

Max(CAGR)

KCCA

-2.72%

Winner

PAB

+0.15%

KCCA vs PAB - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	KCCA	PAB
2026	-3.14%	-0.01%
2025	-11.72%	+7.63%
2024	-15.68%	+2.32%
2023	+36.55%	+5.72%
2022	-19.70%	-13.50%
2021	+8.91%	+0.90%

KCCA vs PAB 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 PAB was -19.27%, occurring on Oct 24, 2022. Recovery took 1140 trading sessions.

The current KCCA drawdown is -30.08%. The current PAB drawdown is -1.94%.

Rank	KCCA	PAB
#1	-41.11% Feb 5, 2024 - Apr 14, 2025	-19.27% Aug 2, 2021 - Feb 17, 2026
#2	-34.85% Nov 15, 2021 - Jan 5, 2024	-2.86% Feb 27, 2026 - May 19, 2026
#3	-7.15% Oct 5, 2021 - Oct 22, 2021	-0.82% May 6, 2021 - May 25, 2021
#4	-2.08% Oct 25, 2021 - Oct 29, 2021	-0.77% Jul 19, 2021 - Aug 2, 2021
#5	-1.69% Jan 19, 2024 - Feb 1, 2024	-0.74% Jul 8, 2021 - Jul 19, 2021
#6	-1.40% Nov 1, 2021 - Nov 9, 2021	-0.61% Jun 10, 2021 - Jun 18, 2021
#7	-1.32% Jan 8, 2024 - Jan 17, 2024	-0.57% Jun 18, 2021 - Jul 2, 2021
#8	-0.16% Jan 17, 2024 - Jan 19, 2024	-0.44% Apr 15, 2021 - May 6, 2021
#9	N/A	-0.35% May 25, 2021 - Jun 4, 2021
#10	N/A	-0.21% Feb 17, 2026 - Feb 23, 2026
#11	N/A	-0.12% Jun 4, 2021 - Jun 8, 2021
#12	N/A	-0.12% Feb 23, 2026 - Feb 26, 2026

Correlation

Correlation between KCCA and PAB is -0.41 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.41

-101