KBND vs. KRBN

Last updated Aug 4, 2026

KBND (KraneShares Bloomberg China Bond Inclusion Index ETF) and KRBN (KraneShares Global Carbon Strategy ETF) are both exchange-traded funds - KBND is a International Government Bonds fund tracking the KBND-US - Bloomberg China Inclusion Focused Bond Index, while KRBN is a Commodities fund tracking the S&P Global Carbon Credit Index. Both are passively managed. Their 0.10 correlation means their historical movements had little consistent relationship. KBND charges 0.50%/yr vs 0.90%/yr for KRBN.

Performance

KBND vs. KRBN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Bloomberg China Bond Inclusion Index ETF (KBND) and KraneShares Global Carbon Strategy ETF (KRBN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KBND

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

KRBN

• 1D: -0.27%
• 1M: 1.51%
• 6M: 0.75%
• YTD: -4.92%
• 1Y: 14.02%
• 3Y*: 0.62%
• 5Y*: 5.83%
• 10Y*: —
• ALL TIME*: 16.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KRBN KraneShares Global Carbon Strategy ETF	$1.61M	$1.01M	$686.57K

KBND vs. KRBN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KBND KraneShares Bloomberg China Bond Inclusion Index ETF	0.00%	0.00%	0.89%	3.13%	-6.81%	4.41%	10.05%
KRBN KraneShares Global Carbon Strategy ETF	-4.92%	23.11%	-13.56%	8.01%	-12.75%	107.69%	25.03%

Correlation

The correlation between KBND and KRBN is 0.10, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.04
Correlation (5Y) Shows whether the relationship held over a longer period.	0.09
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020	0.10

Return for Risk

KBND vs. KRBN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KBND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KRBN

KRBN Risk / Return Rank: 26
KRBN Sharpe Ratio Rank: 30
KRBN Sortino Ratio Rank: 28
KRBN Omega Ratio Rank: 29
KRBN Calmar Ratio Rank: 21
KRBN Martin Ratio Rank: 21

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KBND vs. KRBN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Bloomberg China Bond Inclusion Index ETF (KBND) 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.

	KBND	KRBN	Difference
Sharpe ratio: Return per unit of total volatility	—	0.71	—
Sortino ratio: Return per unit of downside risk	—	1.06	—
Omega ratio: Gain probability vs. loss probability	—	1.14	—
Calmar ratio: Return relative to maximum drawdown	—	0.56	—
Martin ratio: Return relative to average drawdown	—	1.39	—

Drawdowns

Drawdown Indicators

	KBND	KRBN	Difference
Max Drawdown Largest peak-to-trough decline	—	-36.42%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-24.98%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.42%	—
Current Drawdown Current decline from peak	—	-13.32%	—
Average Drawdown Average peak-to-trough decline	—	-16.07%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.10%	—

Volatility

Volatility by Period

	KBND	KRBN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.77%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.84%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	28.43%	—

KBND vs. KRBN - Expense Ratio Comparison

KBND has a 0.50% expense ratio, which is lower than KRBN's 0.90% expense ratio.

Dividends

KBND vs. KRBN - Dividend Comparison

KBND has not paid dividends to shareholders, while KRBN's dividend yield for the trailing twelve months is around 2.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBND KraneShares Bloomberg China Bond Inclusion Index ETF	0.00%	0.00%	0.40%	2.20%	2.51%	6.97%	2.27%	3.47%	4.98%	0.00%	0.04%	1.16%
KRBN KraneShares Global Carbon Strategy ETF	2.00%	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

Can I hold both KBND and KRBN in my portfolio?

KBND and KRBN have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KBND or KRBN?

On fees, KBND is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KBND or KRBN?

KBND is cheaper with a 0.50% expense ratio, compared with 0.90% for KRBN.

Which ETF pays a higher dividend yield, KBND or KRBN?

KRBN has the higher dividend yield at 2.00%, compared with 0.00% for KBND.

What is the main difference between KBND and KRBN?

KBND is categorized as International Government Bonds, while KRBN is Commodities. KBND tracks KBND-US - Bloomberg China Inclusion Focused Bond Index, while KRBN tracks S&P Global Carbon Credit Index. They also come from different issuers: CICC and KraneShares. Their fees differ too: 0.50% for KBND and 0.90% for KRBN.