KEUA vs. TUSI

Last updated Jun 5, 2026

KEUA (KraneShares European Carbon Allowance Strategy ETF) and TUSI (Touchstone Ultra Short Income ETF) are both exchange-traded funds - KEUA is a Commodities fund tracking the S&P Carbon Credit EUA Index, while TUSI is a Ultrashort Bond fund actively managed by Touchstone. KEUA is passively managed, while TUSI is actively managed. At a 0.02 correlation, their price movements are largely independent. KEUA charges 0.87%/yr vs 0.25%/yr for TUSI.

Performance

KEUA vs. TUSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares European Carbon Allowance Strategy ETF (KEUA) and Touchstone Ultra Short Income ETF (TUSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KEUA

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

TUSI

• 1D: 0.12%
• 1M: 0.40%
• YTD: 1.70%
• 6M: 2.09%
• 1Y: 4.73%
• 3Y*: 5.84%
• 5Y*: —
• 10Y*: —

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

KEUA vs. TUSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
KEUA KraneShares European Carbon Allowance Strategy ETF	-19.02%	32.81%	-14.52%	-3.14%	0.75%
TUSI Touchstone Ultra Short Income ETF	1.70%	5.09%	6.51%	6.53%	0.84%

Correlation

The correlation between KEUA and TUSI is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	0.02

Return for Risk

KEUA vs. TUSI — Risk / Return Rank

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

TUSI

TUSI Risk / Return Rank: 98
TUSI Sharpe Ratio Rank: 97
TUSI Sortino Ratio Rank: 98
TUSI Omega Ratio Rank: 98
TUSI Calmar Ratio Rank: 99
TUSI Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KEUA vs. TUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares European Carbon Allowance Strategy ETF (KEUA) and Touchstone Ultra Short Income ETF (TUSI). 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.

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

Sharpe Ratios by Period

	KEUA	TUSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	5.62	—

Drawdowns

Drawdown Indicators

	KEUA	TUSI	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.40%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.39%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.04%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.06%	—

Volatility

Volatility by Period

	KEUA	TUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.04%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.97%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.97%	—

KEUA vs. TUSI - Expense Ratio Comparison

KEUA has a 0.87% expense ratio, which is higher than TUSI's 0.25% expense ratio.

Dividends

KEUA vs. TUSI - Dividend Comparison

KEUA's dividend yield for the trailing twelve months is around 2.83%, less than TUSI's 4.57% yield.

Position	TTM	2025	2024	2023	2022
KEUA KraneShares European Carbon Allowance Strategy ETF	2.83%	2.29%	7.71%	5.67%	0.00%
TUSI Touchstone Ultra Short Income ETF	4.57%	4.85%	5.50%	5.41%	1.38%

Frequently Asked Questions

Can I hold both KEUA and TUSI in my portfolio?

KEUA and TUSI have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KEUA or TUSI?

On fees, TUSI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KEUA or TUSI?

TUSI is cheaper with a 0.25% expense ratio, compared with 0.87% for KEUA.

Which ETF pays a higher dividend yield, KEUA or TUSI?

TUSI has the higher dividend yield at 4.57%, compared with 2.83% for KEUA.

What is the main difference between KEUA and TUSI?

KEUA is categorized as Commodities, while TUSI is Ultrashort Bond. They also come from different issuers: KraneShares and Touchstone. Their fees differ too: 0.87% for KEUA and 0.25% for TUSI.