- ISIN
- US5007676787
- CUSIP
- 500767678
- Issuer
- CICC
- Inception Date
- Jul 30, 2020
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- IHS Markit Global Carbon Index
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $139M
Share Price Chart
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Performance
KRBN Performance Chart
KraneShares Global Carbon ETF (KRBN) is down 4.3% since the beginning of the year. KRBN is currently trading at $34 per share. Investors who bought $1,000 worth of KRBN shares 5 years ago would now be looking at an investment worth $1,362.
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Returns By Period
KraneShares Global Carbon ETF (KRBN) has returned -4.32% so far this year and 13.56% over the past 12 months.
KraneShares Global Carbon ETF
- 1D
- 1.47%
- 1M
- 4.92%
- YTD
- -4.32%
- 6M
- -4.00%
- 1Y
- 13.56%
- 3Y*
- 0.90%
- 5Y*
- 6.37%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
KRBN Monthly Returns History
Based on dividend-adjusted daily data since Jul 30, 2020, KRBN's average daily return is +0.08%, while the average monthly return is +1.49%. At this rate, an investment would double in approximately 3.9 years.
Historically, 63% of months were positive and 38% were negative. The best month was Nov 2021 with a return of +17.1%, while the worst month was Sep 2022 at -15.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, KRBN closed higher 52% of trading days. The best single day was Mar 8, 2022 with a return of +12.2%, while the worst single day was Mar 1, 2022 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.29% | -10.66% | 1.26% | 6.16% | 6.60% | 0.80% | -4.32% | ||||||
| 2025 | 5.73% | -10.00% | 1.18% | -2.09% | 4.05% | 3.27% | 1.68% | 3.28% | 3.91% | 3.55% | 2.00% | 5.44% | 23.11% |
| 2024 | -13.13% | -6.97% | 4.31% | 5.66% | 7.20% | -6.60% | -1.32% | 3.18% | -4.44% | -0.09% | -0.95% | 0.68% | -13.56% |
| 2023 | 8.45% | 2.53% | -2.22% | -1.77% | -7.32% | 9.60% | 2.48% | -1.78% | -5.34% | 0.17% | -3.26% | 7.83% | 8.01% |
| 2022 | 2.40% | -5.99% | -4.78% | 1.59% | 3.73% | 0.12% | -10.54% | -0.61% | -15.01% | 16.64% | 4.36% | -1.92% | -12.75% |
| 2021 | 1.50% | 8.80% | 5.48% | 12.90% | 6.21% | 7.53% | -4.08% | 12.29% | 3.14% | -0.58% | 17.09% | 6.95% | 107.69% |
Benchmark Metrics
KraneShares Global Carbon ETF has an annualized alpha of 14.54%, beta of 0.39, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since July 30, 2020.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (60.83%) than losses (32.68%) - typical of diversified or defensive assets.
- Beta of 0.39 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 14.54%
- Beta
- 0.39
- R²
- 0.05
- Upside Capture
- 60.83%
- Downside Capture
- 32.68%
Expense Ratio
KRBN has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KRBN ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for KraneShares Global Carbon ETF (KRBN) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KRBN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 2.78 | -2.24 |
| Martin ratioReturn relative to average drawdown | 1.39 | 12.44 | -11.05 |
Dividends
Dividend History
KraneShares Global Carbon ETF provided a 1.99% dividend yield over the last twelve months, with an annual payout of $0.67 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.67 | $2.08 | $2.77 | $8.36 | $0.25 |
Dividend yield | 1.99% | 1.90% | 7.10% | 7.60% | 22.91% | 0.49% |
Monthly Dividends
The table displays the monthly dividend distributions for KraneShares Global Carbon ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.08 | $2.08 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.64 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $2.77 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.36 | $8.36 |
| 2021 | $0.25 | $0.25 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the KraneShares Global Carbon ETF. 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 KraneShares Global Carbon ETF was 36.42%, occurring on Mar 7, 2022. The portfolio has not yet recovered.
The current KraneShares Global Carbon ETF drawdown is 12.78%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -36.42%Mar 2022 | 28d | — | 4y 4moFeb 2022 - now |
2020 correction2020 | -16.66%Oct 2020 | 1mo 13d | 1mo 5d | 2mo 18dSep 2020 - Dec 2020 |
2021 correction2021 | -14.19%Dec 2021 | 8d | 1mo 17d | 1mo 25dDec 2021 - Feb 2022 |
2021 correction2021 | -10.67%May 2021 | 2d | 1mo 12d | 1mo 14dMay 2021 - Jun 2021 |
2021 correction2021 | -10.09%Jul 2021 | 20d | 20d | 1mo 10dJul 2021 - Aug 2021 |
Drawdown Indicators
| KRBN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.42% | -56.78% | +20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -24.98% | -9.10% | -15.88% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -18.90% | -8.44% |
Max Drawdown (5Y)Largest decline over 5 years | -36.42% | -25.43% | -10.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -12.78% | -1.80% | -10.98% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -10.71% | -5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.76% | 2.03% | +7.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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