CRBN vs. KRBN
CRBN (iShares MSCI ACWI Low Carbon Target ETF) and KRBN (KraneShares Global Carbon Strategy ETF) are both exchange-traded funds - CRBN is a Large Cap Growth Equities fund tracking the MSCI ACWI Low Carbon Target Index, while KRBN is a Commodities fund tracking the S&P Global Carbon Credit Index. Both are passively managed. Over the past 5 years, CRBN returned 10.64%/yr vs 6.63%/yr for KRBN. Their 0.24 correlation means their historical movements had little consistent relationship. CRBN charges 0.20%/yr vs 0.90%/yr for KRBN.
Performance
CRBN vs. KRBN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CRBN achieves a 9.96% return, which is significantly higher than KRBN's -4.66% return.
CRBN
- 1D
- 0.30%
- 1M
- 0.11%
- 6M
- 7.43%
- YTD
- 9.96%
- 1Y
- 21.99%
- 3Y*
- 18.53%
- 5Y*
- 10.64%
- 10Y*
- 12.44%
- ALL TIME*
- 11.22%
KRBN
- 1D
- 0.24%
- 1M
- 1.78%
- 6M
- 2.83%
- YTD
- -4.66%
- 1Y
- 14.32%
- 3Y*
- 0.37%
- 5Y*
- 6.63%
- 10Y*
- —
- ALL TIME*
- 16.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.61M | $1.75M | $2.17M | |
| $1.62M | $1.01M | $687.32K |
CRBN vs. KRBN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CRBN iShares MSCI ACWI Low Carbon Target ETF | 9.96% | 21.85% | 19.29% | 22.31% | -19.12% | 18.82% | 16.71% |
KRBN KraneShares Global Carbon Strategy ETF | -4.66% | 23.11% | -13.56% | 8.01% | -12.75% | 107.69% | 25.03% |
Correlation
The correlation between CRBN and KRBN is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRBN vs. KRBN — Risk / Return Rank
CRBN
KRBN
CRBN vs. KRBN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI Low Carbon Target ETF (CRBN) and KraneShares Global Carbon Strategy ETF (KRBN). 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.
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.
| CRBN | KRBN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.14 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 0.56 | +1.49 |
| Martin ratioReturn relative to average drawdown | 8.54 | 1.39 | +7.16 |
Loading charts...
Drawdowns
CRBN vs. KRBN - Drawdown Comparison
The maximum CRBN drawdown since its inception was -33.13%, smaller than the maximum KRBN drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for CRBN and KRBN.
Loading charts...
Drawdown Indicators
| CRBN | KRBN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -36.42% | +3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -24.98% | +14.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -26.05% | +9.45% |
Max Drawdown (5Y)Largest decline over 5 years | -27.04% | -36.42% | +9.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | — | — |
Current DrawdownCurrent decline from peak | -1.68% | -13.09% | +11.41% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -16.07% | +10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 10.09% | -7.67% |
Volatility
CRBN vs. KRBN - Volatility Comparison
The current volatility for iShares MSCI ACWI Low Carbon Target ETF (CRBN) is 4.15%, while KraneShares Global Carbon Strategy ETF (KRBN) has a volatility of 6.66%. This indicates that CRBN experiences smaller price fluctuations and is considered to be less risky than KRBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CRBN | KRBN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 6.66% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.96% | 16.46% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 19.75% | -5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 27.84% | -11.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 28.43% | -11.56% |
CRBN vs. KRBN - Expense Ratio Comparison
CRBN has a 0.20% expense ratio, which is lower than KRBN's 0.90% expense ratio.
Dividends
CRBN vs. KRBN - Dividend Comparison
CRBN's dividend yield for the trailing twelve months is around 2.03%, more than KRBN's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRBN iShares MSCI ACWI Low Carbon Target ETF | 2.03% | 2.21% | 1.94% | 2.01% | 1.95% | 1.57% | 1.41% | 2.27% | 2.51% | 2.05% | 2.27% | 2.01% |
KRBN KraneShares Global Carbon Strategy ETF | 1.99% | 1.90% | 7.10% | 7.60% | 22.91% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRBN and KRBN have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRBN has higher volatility (6.66%) compared to CRBN (4.15%). In terms of maximum drawdown, CRBN dropped -33.13% vs KRBN's -36.42%.
On 5-year performance, CRBN leads with 10.64% vs 6.63% for KRBN. On fees, CRBN is cheaper at 0.20% per year. On volatility, CRBN has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CRBN has performed better with a 10.64% return vs 6.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CRBN is cheaper with a 0.20% expense ratio, compared with 0.90% for KRBN.
CRBN has the higher dividend yield at 2.03%, compared with 1.99% for KRBN.
CRBN is categorized as Large Cap Growth Equities, while KRBN is Commodities. CRBN tracks MSCI ACWI Low Carbon Target Index, while KRBN tracks S&P Global Carbon Credit Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.20% for CRBN and 0.90% for KRBN.
CRBN currently has the higher Sharpe Ratio (1.46 vs 0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CRBN and KRBN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer