OPER vs KCCA

Comparison between CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER, ETF) and KRANESHARES CALIFORNIA CARBON ALLOWANCE STRATEGY ETF (KCCA, ETF).

5-Year PerformanceOPER has outperformed KCCA, delivering a return of +3.7% compared to -2.9%

OPER vs KCCA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OPER(ETF)	KCCA(ETF)
Net Assets	$118M	$118M
Expense Ratio	0.20%	0.91%
Max Drawdown	3.00%	54.18%
Sharpe Ratio	1.06	0.78
5Y Beta	0.00	-0.11
5Y Dividends CAGR	59.13%	N/A

Net Assets

OPER

$118M

KCCA

$118M

Expense Ratio

Winner

OPER

0.20%

KCCA

0.91%

Max Drawdown

Winner

OPER

3.00%

KCCA

54.18%

Sharpe Ratio

Winner

OPER

1.06

KCCA

0.78

5Y Beta

OPER

0.00

Winner

KCCA

-0.11

5Y Dividends CAGR

OPER

59.13%

KCCA

N/A

OPER vs KCCA - Historical Returns

Returns include dividend reinvestment.

Period	OPER	KCCA
1 month	+0.28%	+8.05%
3 months	+0.90%	+11.54%
6 months	+1.82%	+0.91%
1 year	+4.00%	+15.86%
5 years(CAGR)	+3.67%	-2.85%
Max(CAGR)	+2.79%	-2.85%

OPER

+0.28%

Winner

KCCA

+8.05%

OPER

+0.90%

Winner

KCCA

+11.54%

Winner

OPER

+1.82%

KCCA

+0.91%

OPER

+4.00%

Winner

KCCA

+15.86%

5Y(CAGR)

Winner

OPER

+3.67%

KCCA

-2.85%

Max(CAGR)

Winner

OPER

+2.79%

KCCA

-2.85%

OPER vs KCCA - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	OPER	KCCA
2026	+1.62%	-3.82%
2025	+4.36%	-11.72%
2024	+5.33%	-15.68%
2023	+5.06%	+36.55%
2022	+1.75%	-19.70%
2021	+0.37%	+8.91%
2020	+0.64%	N/A
2019	+2.15%	N/A
2018	+0.90%	N/A

OPER vs KCCA Drawdown Comparison

The maximum drawdown for OPER was -2.33%, occurring on Nov 19, 2018. Recovery took 280 trading sessions.

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

The current OPER drawdown is -0.00%. The current KCCA drawdown is -30.57%.

Rank	OPER	KCCA
#1	-2.33% Nov 15, 2018 - Dec 30, 2019	-41.11% Feb 5, 2024 - Apr 14, 2025
#2	-0.13% Feb 24, 2022 - May 12, 2022	-34.85% Nov 15, 2021 - Jan 5, 2024
#3	-0.11% Mar 28, 2024 - Apr 2, 2024	-7.15% Oct 5, 2021 - Oct 22, 2021
#4	-0.11% Mar 17, 2020 - May 26, 2020	-2.08% Oct 25, 2021 - Oct 29, 2021
#5	-0.09% Mar 31, 2025 - Apr 8, 2025	-1.69% Jan 19, 2024 - Feb 1, 2024
#6	-0.07% Apr 29, 2026 - May 11, 2026	-1.40% Nov 1, 2021 - Nov 9, 2021
#7	-0.07% Mar 13, 2023 - Mar 20, 2023	-1.32% Jan 8, 2024 - Jan 17, 2024
#8	-0.05% Mar 2, 2021 - Mar 17, 2021	-0.16% Jan 17, 2024 - Jan 19, 2024
#9	-0.05% Mar 25, 2024 - Mar 27, 2024	N/A
#10	-0.05% Mar 30, 2023 - Apr 3, 2023	N/A
#11	-0.04% Nov 23, 2022 - Nov 28, 2022	N/A
#12	-0.04% May 12, 2026 - May 15, 2026	N/A
#13	-0.04% Jan 27, 2022 - Feb 24, 2022	N/A
#14	-0.03% Oct 5, 2023 - Oct 9, 2023	N/A
#15	-0.03% Dec 12, 2023 - Dec 15, 2023	N/A

Correlation

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

-0.41

-101