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KraneShares Global Carbon ETF (KRBN) Sharpe Ratio: 0.59

ETF · Currency in USD · Last updated Jun 24, 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.

KRBN's Sharpe Ratio of 0.59 indicates that for each unit of volatility, it generates 0.59 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

KRBN Sharpe Ratio Rank

KRBN Sharpe Ratio Rank: 18.418
Concerning

KRBN ranks above 18.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

KRBN Sharpe Ratio Market Positioning

The chart shows KRBN's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 7.01+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares KraneShares Global Carbon ETF's Sharpe Ratio with other ETFs in the Commodities category across multiple time periods, showing how KRBN's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
BWETBreakwave Tanker Shipping ETF14.65
BDRYBreakwave Dry Bulk Shipping ETF2.48
ZSCUSCF Sustainable Commodity Strategy Fund2.40
ZSBUSCF Sustainable Battery Metals Strategy Fund2.26
FAARFirst Trust Alternative Absolute Return Strategy ETF2.15
EVMTInvesco Electric Vehicle Metals Commodity Strategy No K-1 ETF2.01
PITVanEck Commodity Strategy ETF1.85
FTGCFirst Trust Global Tactical Commodity Strategy Fund1.82
COMDirexion Auspice Broad Commodity Strategy ETF1.81
CERYSPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF1.78
KRBNKraneShares Global Carbon ETF0.59

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows KRBN's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when KRBN consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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