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KCCA vs SOYB

KraneShares California Carbon Allowance Strategy ETF

KCCADNYSE Arca

Teucrium Soybean Fund

SOYBBNYSE Arca

Overlap

Expense ratio

SOYB −0.32pt a year

KCCA0.95%SOYB0.63%

Avg volume · 30D

SOYB 2.9×the volume

KCCA24.1KSOYB68.9K

5Y return · a year

SOYB +6.6pt

KCCA−2.9%SOYB+3.7%

KCCA vs SOYB Performance

Oct 29, 2021 – Oct 30, 2026

−13.8%KCCA+20.1%SOYB

Oct 29, 2021 to Oct 30, 2026. KCCA −13.8%. SOYB +20.1%. Use the arrow keys to read each point.−30%0%10%30%Oct 2021Apr 2024Oct 2026
Expense ratio
KCCA 0.95%
SOYB 0.63%, better
Fund size
KCCA $121M
SOYB $39M
1Y total return
KCCA −0.6%
SOYB +13.0%, better
Yield (12M)
KCCA 2.85%
SOYB No data
Holdings
KCCA 3
SOYB 12
Avg volume (30D)
KCCA 24.1K sh
SOYB 68.9K sh, better
NAV per share
KCCA $17.04
SOYB $26.14
52W range

ETF.net Grade

KCCA: Cost 16, Risk 32, Mission not scored, Tradability 45, Holdings 39, Durability 55. SOYB: Cost 69, Risk 56, Mission not scored, Tradability 76, Holdings not scored, Durability 49.
Pillar letters and Scores for KCCA, SOYB, with each pillar’s weight
PillarKCCASOYB
Cost30% weightF16B69Higher
Mission25% weightNot scoredNot scored
Risk15% weightD32B56Higher
Tradability15% weightC45A76Higher
Holdings10% weightD39Not scored
Durability5% weightB55HigherC49

Rank among Commodity Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. KCCA and SOYB are both graded against the same 13 Commodity Futures funds, so their Grades compare head to head.

Commodity Futures⁠

Category · 13 funds
See all 13 ›

SOYB ranks 2nd and KCCA 11th of 13 funds in the Commodity Futures Category.

  1. Rank 1APDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETFScore 84
  2. Rank 2BSOYBTeucrium Soybean FundScore 65
  3. Rank 2BWEATTeucrium Wheat FundScore 65
  4. Rank 9CUSEUSCF Energy Commodity Strategy Absolute Return FundScore 40
  5. Rank 11DKCCAKraneShares California Carbon Allowance Strategy ETFScore 29
  6. Rank 12FCCOMSimplify Chinese Commodities Strategy No K-1 ETFScore 22

Our read on each fund

ETF.net Research

KCCADKraneShares California Carbon Allowance Strategy ETF

SOYBBTeucrium Soybean Fund

In short

KCCA Most commodity funds ride weather and geology. KCCA tracks futures on California carbon allowances, a market where supply is set by state regulators and the auction floor price ratchets up 5% plus inflation every year.

SOYB Soybeans, straight up. Since 2011 SOYB has tracked a benchmark of soybean futures for future delivery, wrapped so you can buy the bean in an ordinary brokerage account, and it charges less than the typical commodity futures fund.

Stated mandate

KCCA KCCA provides targeted exposure to California Carbon Allowances through the cap-and-invest market and is benchmarked to an index tracking actively traded CCA futures.

SOYB SOYB seeks to track daily changes in the soybean market for future delivery through its benchmark.

Why people hold it

  • KCCA A pure play, not a blend: the fund is benchmarked to an index of the most traded California carbon allowance futures, giving you one compliance market rather than a mixed commodity basket.kraneshares.comsec.gov
  • The supply side is written into regulation. California's allowance cap declines over time toward the state's 2045 carbon-neutrality goal, and the program's auction floor price rises 5% plus CPI each year.sec.govcongress.gov
  • Running since 2021 and part of a dedicated KraneShares carbon lineup spanning global, European, California and Eastern US programs. The California sleeve is a deliberate slice, not a one-off launch.sec.gov
  • SOYB Fee of 0.63% a year sits under the 0.81% median for commodity futures funds, and under diversified rival PDBC at 0.74%.
  • A single-crop play, not a commodity grab bag: the fund follows the Teucrium Soybean Index, which tracks daily moves in soybean futures.
  • Trading since 2011, a long run for a one-commodity fund, and one of the stronger implementations in its commodity futures peer group.

Worth knowing

  • KCCA The 0.95% fee sits above the typical futures-based commodity fund, where diversified baskets like PDBC (0.74%) and DBB (0.81%) charge less. Specialist access carries a specialist price.
  • One market, one rule-maker. Pricing turns on California regulators, auction outcomes and legislation, so this reacts to Sacramento policy news rather than global commodity cycles.congress.govsec.gov
  • Thinly traded next to the big commodity ETFs, so spreads and order size deserve a look. It also holds futures through a Cayman subsidiary and is regulated as a commodity pool.kraneshares.com
  • SOYB One crop, one price. Weather, harvest cycles and export demand move soybean futures hard, and there is nothing else in the portfolio to soften it.
  • It is a commodity pool, not a standard 1940 Act fund, so the tax paperwork differs from a stock ETF. Check how that lands on your return.
  • Mid-sized asset base and moderate turnover mean bid-ask spreads can run wider than on the giant index funds, and the payoff comes from price moves, not income.

Full KCCA profile⁠

Full SOYB profile⁠

KCCA vs SOYB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KCCA vs SOYB Cost

Overpaying KCCA vs SOYB

$5,510

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KCCA 0.95%

    $17,869

  • SOYB 0.63%

    $12,359

$10,000
30 years

Cost over time

  • KCCA 0.95%
  • SOYB 0.63%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530KCCA $17,869SOYB $12,359

Year by year

YearKCCASOYBOverpaying
10$1,678$1,128$550
20$6,322$4,311$2,011
30$17,869$12,359$5,510

Expense ratio

  • 0.95%KCCA
  • 0.63%SOYB, cheaper
  • Middle half of Commodity Futures funds
  • Median 0.79%

SOYB 5th cheapest of 13 funds

KCCA 11th cheapest of 13 funds

KCCA vs SOYB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
KCCA 2.85%
SOYB No data
Payout (12M)
KCCA $0.48
SOYB None
Last payment
KCCA $0.48
SOYB No data
Ex-dividend
KCCA Dec 22, 2025
SOYB No data
Paid on
KCCA Dec 23, 2025
SOYB No data
Frequency
KCCA Annual
SOYB No data

Distribution history

Per share, 2022 to 2026, same scale for both

KCCAAnnual · 6 paymentsAll KCCA payments⁠
One bar per payment. 6 payments from 2022 to 2026 YTD. Dec 28, 2022 $0.06; Jun 28, 2023 $0.20; Dec 18, 2023 $0.74; Jun 27, 2024 $5.03; Dec 17, 2024 $0.97; Dec 22, 2025 $0.48. Use the arrow keys to read each point.$0$520232026YTD
SOYBAll SOYB payments⁠

No distribution history available.

KCCA vs SOYB Risk

Fall from peak · 5 years

  • KCCA
  • SOYB
Oct 29, 2021 to Oct 30, 2026. Worst fall: KCCA −41.1% · Apr 2025. Use the arrow keys to read each point.−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
KCCA 19.3%SOYB 15.1%, better
Return per unit of riskSharpe ratio, 3 years
KCCA −0.56SOYB −0.33, better
Worst fallMax drawdown, 5 years
KCCA −41.1%SOYB −31.0%, better
Market sensitivityBeta, 5 years
KCCA −0.14SOYB 0.44

KCCA and SOYB in the news

All news⁠

Popular comparisons

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