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Carbon Credits

Last updated Dec 9, 2023

Asset Allocation


KRBN 50%GRN 50%CommodityCommodity
PositionCategory/SectorWeight
KRBN
KraneShares Global Carbon ETF
Commodities50%
GRN
iPath Series B Carbon ETN
Commodities50%

Performance

The chart shows the growth of an initial investment of $10,000 in Carbon Credits, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly


30.00%40.00%50.00%60.00%70.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
43.83%
41.84%
Carbon Credits
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Jul 30, 2020, corresponding to the inception date of KRBN

Returns


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
N/AN/AN/AN/AN/AN/A
Carbon Credits-8.24%-8.91%-12.74%-15.04%N/AN/A
KRBN
KraneShares Global Carbon ETF
-3.16%-5.26%-6.81%-8.79%N/AN/A
GRN
iPath Series B Carbon ETN
-13.40%-8.82%-18.60%-22.49%N/AN/A

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2023-6.84%10.36%-0.14%-1.12%-5.22%-0.97%-7.13%

Sharpe Ratio

The current Carbon Credits Sharpe ratio is -0.57. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

-1.000.001.002.003.00-0.57

The Sharpe ratio of Carbon Credits is in the bottom 25%, suggesting that this portfolio isn't performing as well in terms of risk-adjusted returns compared to many others. This could be due to lower returns, higher volatility, or both. It might be an indication that the portfolio needs fine-tuning.


Rolling 12-month Sharpe Ratio-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
-0.57
1.25
Carbon Credits
Benchmark (^GSPC)
Portfolio components

Dividend yield

Carbon Credits granted a 14.77% dividend yield in the last twelve months.


TTM20222021
Carbon Credits14.77%11.45%0.24%
KRBN
KraneShares Global Carbon ETF
29.53%22.91%0.49%
GRN
iPath Series B Carbon ETN
0.00%0.00%0.00%

Expense Ratio

The Carbon Credits has a high expense ratio of 0.77%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


0.79%
0.00%2.15%
0.75%
0.00%2.15%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
KRBN
KraneShares Global Carbon ETF
-0.38
GRN
iPath Series B Carbon ETN
-0.67

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

GRNKRBN
GRN1.000.90
KRBN0.901.00

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%JulyAugustSeptemberOctoberNovemberDecember
-28.60%
-4.01%
Carbon Credits
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Carbon Credits. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Carbon Credits was 46.53%, occurring on Jul 22, 2021. The portfolio has not yet recovered.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-46.53%May 17, 202147Jul 22, 2021
-20.75%Sep 15, 202032Oct 28, 202026Dec 4, 202058
-8.69%Jan 8, 20216Jan 15, 202112Feb 3, 202118
-7.77%Aug 31, 20206Sep 8, 20204Sep 14, 202010
-6.7%Feb 16, 202110Mar 1, 20216Mar 9, 202116

Volatility Chart

The current Carbon Credits volatility is 7.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
7.12%
2.77%
Carbon Credits
Benchmark (^GSPC)
Portfolio components
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