KPRO vs. KEUA
Compare and contrast key facts about KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) and KraneShares European Carbon Allowance Strategy ETF (KEUA).
KPRO and KEUA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KPRO is an actively managed fund by KraneShares. It was launched on Feb 7, 2024. KEUA is a passively managed fund by KraneShares that tracks the performance of the S&P Carbon Credit EUA Index. It was launched on Oct 4, 2021.
Performance
KPRO vs. KEUA - Performance Comparison
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KPRO vs. KEUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | -3.74% | 7.79% | 12.68% |
KEUA KraneShares European Carbon Allowance Strategy ETF | -19.02% | 32.81% | 14.13% |
Returns By Period
In the year-to-date period, KPRO achieves a -3.74% return, which is significantly higher than KEUA's -19.02% return.
KPRO
- 1D
- -0.23%
- 1M
- -2.27%
- YTD
- -3.74%
- 6M
- -10.40%
- 1Y
- -0.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KEUA
- 1D
- 0.00%
- 1M
- -0.46%
- YTD
- -19.02%
- 6M
- -8.94%
- 1Y
- 8.03%
- 3Y*
- -6.52%
- 5Y*
- —
- 10Y*
- —
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KPRO vs. KEUA - Expense Ratio Comparison
KPRO has a 0.95% expense ratio, which is higher than KEUA's 0.87% expense ratio.
Return for Risk
KPRO vs. KEUA — Risk / Return Rank
KPRO
KEUA
KPRO vs. KEUA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) and KraneShares European Carbon Allowance Strategy ETF (KEUA). 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.
| KPRO | KEUA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.09 | 0.11 | -0.20 |
Sortino ratioReturn per unit of downside risk | -0.05 | 0.34 | -0.39 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.04 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.05 | -0.10 |
Martin ratioReturn relative to average drawdown | -0.13 | 0.15 | -0.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KPRO | KEUA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.11 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.03 | +0.94 |
Correlation
The correlation between KPRO and KEUA is 0.11, 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.
Dividends
KPRO vs. KEUA - Dividend Comparison
KPRO's dividend yield for the trailing twelve months is around 2.75%, less than KEUA's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | 2.75% | 2.65% | 3.70% | 0.00% |
KEUA KraneShares European Carbon Allowance Strategy ETF | 2.83% | 2.29% | 7.71% | 5.67% |
Drawdowns
KPRO vs. KEUA - Drawdown Comparison
The maximum KPRO drawdown since its inception was -11.01%, smaller than the maximum KEUA drawdown of -49.21%. Use the drawdown chart below to compare losses from any high point for KPRO and KEUA.
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Drawdown Indicators
| KPRO | KEUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.01% | -49.21% | +38.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -23.06% | +12.05% |
Current DrawdownCurrent decline from peak | -10.64% | -28.26% | +17.62% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -23.35% | +21.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 8.25% | -4.10% |
Volatility
KPRO vs. KEUA - Volatility Comparison
The current volatility for KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) is 2.18%, while KraneShares European Carbon Allowance Strategy ETF (KEUA) has a volatility of 5.87%. This indicates that KPRO experiences smaller price fluctuations and is considered to be less risky than KEUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KPRO | KEUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 5.87% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 20.60% | -12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.52% | 27.55% | -19.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.84% | 41.09% | -33.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 41.09% | -33.25% |