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KraneShares Global Carbon ETF (KRBN) Diversifiers

ETF · Currency in USD · Last updated Jul 12, 2026

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.

Looking to diversify beyond KRBN? The ETFs below have the lowest correlation with KRBN — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from KRBN.

Best Diversifiers for KRBN

2012 ETFs have low correlation with KRBN (below 0.3), 80 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MSTZ
T-REX 2X Inverse MSTR Daily Target ETF-0.21——
60
Inverse Equities, Leveraged EquitiesKRBN vs MSTZ
SMST
Defiance Daily Target 2X Short MSTR ETF-0.21——
53
Inverse EquitiesKRBN vs SMST
WNTR
YieldMax Short MSTR Option Income Strategy ETF-0.20——
65
Derivative IncomeKRBN vs WNTR
RSBY
Return Stacked Bonds & Futures Yield ETF-0.17——
51
MultistrategyKRBN vs RSBY
MLPB
ETRACS Alerian MLP Infrastructure Index ETN Series...-0.12-0.010.09
51
MLPsKRBN vs MLPB
See all 2054 diversifiers for KRBN

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Diversification Analysis

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