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GRN vs. KRBN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GRN and KRBN is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.1

Performance

GRN vs. KRBN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Series B Carbon ETN (GRN) and KraneShares Global Carbon ETF (KRBN). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%NovemberDecember2025FebruaryMarchApril
-48.82%
95.94%
GRN
KRBN

Key characteristics

Sharpe Ratio

GRN:

0.02

KRBN:

-0.28

Sortino Ratio

GRN:

0.28

KRBN:

-0.25

Omega Ratio

GRN:

1.03

KRBN:

0.97

Calmar Ratio

GRN:

0.01

KRBN:

-0.17

Martin Ratio

GRN:

0.07

KRBN:

-0.53

Ulcer Index

GRN:

11.53%

KRBN:

11.37%

Daily Std Dev

GRN:

32.29%

KRBN:

22.05%

Max Drawdown

GRN:

-82.36%

KRBN:

-36.42%

Current Drawdown

GRN:

-76.71%

KRBN:

-30.04%

Returns By Period

In the year-to-date period, GRN achieves a -8.29% return, which is significantly lower than KRBN's -5.53% return.


GRN

YTD

-8.29%

1M

-5.21%

6M

-1.74%

1Y

0.28%

5Y*

-8.85%

10Y*

N/A

KRBN

YTD

-5.53%

1M

-3.69%

6M

-7.43%

1Y

-6.65%

5Y*

N/A

10Y*

N/A

*Annualized

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GRN vs. KRBN - Expense Ratio Comparison

GRN has a 0.75% expense ratio, which is lower than KRBN's 0.79% expense ratio.


Expense ratio chart for KRBN: current value is 0.79%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
KRBN: 0.79%
Expense ratio chart for GRN: current value is 0.75%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GRN: 0.75%

Risk-Adjusted Performance

GRN vs. KRBN — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GRN
The Risk-Adjusted Performance Rank of GRN is 2626
Overall Rank
The Sharpe Ratio Rank of GRN is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of GRN is 3030
Sortino Ratio Rank
The Omega Ratio Rank of GRN is 2727
Omega Ratio Rank
The Calmar Ratio Rank of GRN is 2424
Calmar Ratio Rank
The Martin Ratio Rank of GRN is 2424
Martin Ratio Rank

KRBN
The Risk-Adjusted Performance Rank of KRBN is 1111
Overall Rank
The Sharpe Ratio Rank of KRBN is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of KRBN is 1010
Sortino Ratio Rank
The Omega Ratio Rank of KRBN is 1111
Omega Ratio Rank
The Calmar Ratio Rank of KRBN is 1111
Calmar Ratio Rank
The Martin Ratio Rank of KRBN is 1313
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GRN vs. KRBN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iPath Series B Carbon ETN (GRN) and KraneShares Global Carbon 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.


The chart of Sharpe ratio for GRN, currently valued at 0.02, compared to the broader market-1.000.001.002.003.004.00
GRN: 0.02
KRBN: -0.28
The chart of Sortino ratio for GRN, currently valued at 0.28, compared to the broader market-2.000.002.004.006.008.00
GRN: 0.28
KRBN: -0.25
The chart of Omega ratio for GRN, currently valued at 1.03, compared to the broader market0.501.001.502.002.50
GRN: 1.03
KRBN: 0.97
The chart of Calmar ratio for GRN, currently valued at 0.01, compared to the broader market0.002.004.006.008.0010.0012.00
GRN: 0.01
KRBN: -0.17
The chart of Martin ratio for GRN, currently valued at 0.07, compared to the broader market0.0020.0040.0060.00
GRN: 0.07
KRBN: -0.53

The current GRN Sharpe Ratio is 0.02, which is higher than the KRBN Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of GRN and KRBN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
0.02
-0.28
GRN
KRBN

Dividends

GRN vs. KRBN - Dividend Comparison

GRN has not paid dividends to shareholders, while KRBN's dividend yield for the trailing twelve months is around 7.52%.


TTM2024202320222021
GRN
iPath Series B Carbon ETN
0.00%0.00%0.00%0.00%0.00%
KRBN
KraneShares Global Carbon ETF
7.52%7.10%7.60%22.91%0.49%

Drawdowns

GRN vs. KRBN - Drawdown Comparison

The maximum GRN drawdown since its inception was -82.36%, which is greater than KRBN's maximum drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for GRN and KRBN. For additional features, visit the drawdowns tool.


-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%NovemberDecember2025FebruaryMarchApril
-76.71%
-30.04%
GRN
KRBN

Volatility

GRN vs. KRBN - Volatility Comparison

iPath Series B Carbon ETN (GRN) has a higher volatility of 11.04% compared to KraneShares Global Carbon ETF (KRBN) at 8.07%. This indicates that GRN's price experiences larger fluctuations and is considered to be riskier than KRBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
11.04%
8.07%
GRN
KRBN