Carbon Credits
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
GRN iPath Series B Carbon ETN | Commodities | 50% |
KRBN KraneShares Global Carbon ETF | Commodities | 50% |
Performance
Performance Chart
Loading data...
The earliest data available for this chart is Jul 30, 2020, corresponding to the inception date of KRBN
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.51% | 3.96% | -2.00% | 12.02% | 14.19% | 10.85% |
| Carbon Credits | -2.30% | 1.44% | 0.08% | -7.88% | N/A | N/A |
| Portfolio components: | ||||||
KRBN KraneShares Global Carbon ETF | -1.91% | 0.70% | -1.25% | -11.20% | N/A | N/A |
GRN iPath Series B Carbon ETN | -2.71% | 2.17% | 1.29% | -4.59% | -8.29% | N/A |
Monthly Returns
The table below presents the monthly returns of Carbon Credits, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 10.21% | -12.60% | -1.26% | -1.95% | 4.76% | -2.30% | |||||||
| 2024 | -16.24% | -9.08% | 6.99% | 9.11% | 6.95% | -7.73% | 1.06% | 2.40% | -5.51% | -1.05% | 3.11% | 2.44% | -10.35% |
| 2023 | 11.03% | 4.89% | -4.84% | -3.44% | -6.84% | 10.36% | -0.14% | -1.12% | -5.22% | -0.97% | -7.13% | 8.27% | 2.52% |
| 2022 | 6.76% | -7.18% | -5.80% | 5.35% | 2.01% | 3.35% | -11.17% | 0.96% | -16.51% | 19.18% | 6.19% | -4.81% | -6.47% |
| 2021 | 1.72% | 10.87% | 9.65% | 14.59% | 5.63% | -35.27% | -5.33% | 12.88% | 2.28% | -2.69% | 22.94% | 6.56% | 35.02% |
| 2020 | 2.05% | 8.41% | -5.61% | -9.61% | 19.40% | 10.14% | 24.12% |
Expense Ratio
Carbon Credits has an expense ratio of 0.77%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Carbon Credits is 2, meaning it’s performing worse than 98% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
KRBN KraneShares Global Carbon ETF | -0.57 | -0.73 | 0.92 | -0.36 | -1.14 |
GRN iPath Series B Carbon ETN | -0.20 | -0.02 | 1.00 | -0.06 | -0.43 |
Loading data...
Dividends
Dividend yield
Carbon Credits provided a 3.62% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Portfolio | 3.62% | 3.55% | 3.80% | 11.45% | 0.24% |
| Portfolio components: | |||||
KRBN KraneShares Global Carbon ETF | 7.24% | 7.10% | 7.60% | 22.91% | 0.49% |
GRN iPath Series B Carbon ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
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.
The current Carbon Credits drawdown is 30.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.53% | May 17, 2021 | 47 | Jul 22, 2021 | — | — | — |
| -20.75% | Sep 15, 2020 | 32 | Oct 28, 2020 | 26 | Dec 4, 2020 | 58 |
| -8.69% | Jan 8, 2021 | 6 | Jan 15, 2021 | 12 | Feb 3, 2021 | 18 |
| -7.77% | Aug 31, 2020 | 6 | Sep 8, 2020 | 4 | Sep 14, 2020 | 10 |
| -6.7% | Feb 16, 2021 | 10 | Mar 1, 2021 | 6 | Mar 9, 2021 | 16 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 2 assets, with an effective number of assets of 2.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | GRN | KRBN | Portfolio | |
|---|---|---|---|---|
| ^GSPC | 1.00 | 0.14 | 0.21 | 0.17 |
| GRN | 0.14 | 1.00 | 0.90 | 0.98 |
| KRBN | 0.21 | 0.90 | 1.00 | 0.96 |
| Portfolio | 0.17 | 0.98 | 0.96 | 1.00 |