KraneShares Global Carbon ETF (KRBN)
KRBN is a passive exchange-traded fund (ETF) managed by China International Capital Corporation (CICC) Smart Beta ETFs. The fund aims to track the investment results of the IHS Markit Global Carbon Index, a broad-based index that includes companies across the globe that have demonstrated a commitment to reducing their carbon emissions and improving their environmental, social, and governance (ESG) performance. It aims to identify companies positioned to benefit from the transition to a low-carbon economy.
By investing in KRBN, investors can gain exposure to a diversified portfolio of companies that operate in various sectors and are committed to reducing their carbon emissions and improving their ESG performance. This can help investors to align their investments with the global trend of reducing carbon emissions and addressing climate change.
The fund was launched on July 30, 2020, and has a 0.79% expense ratio, which is considered high compared to other funds or ETFs.
ETF Info
| ISIN | US5007676787 |
|---|---|
| CUSIP | 500767678 |
| Issuer | CICC |
| Inception Date | Jul 30, 2020 |
| Region | Global (Broad) |
| Category | Commodities |
| Index Tracked | IHS Markit Global Carbon Index |
| ETF Home Page | kraneshares.com |
| Asset Class | Commodity |
Expense Ratio
The KraneShares Global Carbon ETF has a high expense ratio of 0.79%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in KraneShares Global Carbon ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
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Return
KraneShares Global Carbon ETF had a return of 0.55% year-to-date (YTD) and -8.82% in the last 12 months. Over the past 10 years, KraneShares Global Carbon ETF had an annualized return of 32.96%, outperforming the S&P 500 benchmark which had an annualized return of 9.61%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -5.44% | 1.70% |
| Year-To-Date | 0.55% | 9.53% |
| 6 months | 3.19% | 4.45% |
| 1 year | -8.82% | 1.14% |
| 5 years (annualized) | 32.96% | 9.61% |
| 10 years (annualized) | 32.96% | 9.61% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 8.45% | 2.53% | -2.22% | -1.77% | ||||||||
| 2022 | 16.64% | 4.36% | -1.92% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon ETF (KRBN) and S&P 500 (^GSPC). 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 | Ulcer Index | |
|---|---|---|---|---|---|
KRBN KraneShares Global Carbon ETF | -0.20 | ||||
^GSPC S&P 500 | 0.27 |
Dividend History
KraneShares Global Carbon ETF granted a 22.79% dividend yield in the last twelve months. The annual payout for that period amounted to $8.36 per share.
| Period | TTM | 2022 | 2021 |
|---|---|---|---|
| Dividend | $8.36 | $8.36 | $0.25 |
Dividend yield | 22.79% | 22.91% | 0.59% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 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 |
| 2021 | $0.25 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the KraneShares Global Carbon ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the KraneShares Global Carbon ETF is 36.42%, recorded on Mar 7, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.42% | Feb 7, 2022 | 20 | Mar 7, 2022 | — | — | — |
| -16.66% | Sep 15, 2020 | 32 | Oct 28, 2020 | 24 | Dec 2, 2020 | 56 |
| -14.19% | Dec 9, 2021 | 7 | Dec 17, 2021 | 31 | Feb 2, 2022 | 38 |
| -10.67% | May 17, 2021 | 3 | May 19, 2021 | 29 | Jun 30, 2021 | 32 |
| -10.09% | Jul 2, 2021 | 14 | Jul 22, 2021 | 14 | Aug 11, 2021 | 28 |
Volatility Chart
The current KraneShares Global Carbon ETF volatility is 5.36%, 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.