Carbon Credits
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
GRN iPath Series B Carbon ETN | Commodities | 50% |
KRBN KraneShares Global Carbon ETF | Commodities | 50% |
Performance
Performance Chart
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
The earliest data available for this chart is Jul 30, 2020, corresponding to the inception date of KRBN
Returns By Period
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 6.33% | -2.81% | 21.13% | 24.56% | 11.55% | 10.55% |
| Carbon Credits | -13.83% | 2.59% | -13.49% | -16.76% | N/A | N/A |
| Portfolio components: | ||||||
KRBN KraneShares Global Carbon ETF | -12.52% | 1.30% | -8.75% | -10.34% | N/A | N/A |
GRN iPath Series B Carbon ETN | -15.25% | 3.83% | -18.32% | -23.07% | N/A | N/A |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -16.24% | -9.08% | 6.99% | |||||||||
| 2023 | -5.22% | -0.97% | -7.13% | 8.27% |
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.
Risk-Adjusted Performance
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 | -0.55 | -0.67 | 0.93 | -0.37 | -1.00 |
GRN iPath Series B Carbon ETN | -0.68 | -0.86 | 0.91 | -0.29 | -1.08 |
Dividends
Dividend yield
Carbon Credits granted a 4.34% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Carbon Credits | 4.34% | 3.80% | 11.45% | 0.24% |
| Portfolio components: | ||||
KRBN KraneShares Global Carbon ETF | 8.68% | 7.60% | 22.91% | 0.49% |
GRN iPath Series B Carbon ETN | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 31.26%.
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 current Carbon Credits volatility is 13.42%, 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.
Diversification
Asset Correlations Table
| GRN | KRBN | |
|---|---|---|
| GRN | 1.00 | 0.91 |
| KRBN | 0.91 | 1.00 |