KRBN vs. CMDT
Compare and contrast key facts about KraneShares Global Carbon ETF (KRBN) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT).
KRBN and CMDT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KRBN is a passively managed fund by CICC that tracks the performance of the IHS Markit Global Carbon Index. It was launched on Jul 30, 2020. CMDT is a passively managed fund by PIMCO that tracks the performance of the Bloomberg Roll Select Commodity Total Return Index. It was launched on May 9, 2023. Both KRBN and CMDT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KRBN vs. CMDT - Performance Comparison
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KRBN vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KRBN KraneShares Global Carbon ETF | -14.77% | 23.11% | -13.56% | 0.79% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 16.85% | 12.78% | 6.93% | 5.50% |
Returns By Period
In the year-to-date period, KRBN achieves a -14.77% return, which is significantly lower than CMDT's 16.85% return.
KRBN
- 1D
- 1.62%
- 1M
- 2.72%
- YTD
- -14.77%
- 6M
- -5.87%
- 1Y
- 7.56%
- 3Y*
- -3.42%
- 5Y*
- 8.78%
- 10Y*
- —
CMDT
- 1D
- -0.09%
- 1M
- 6.54%
- YTD
- 16.85%
- 6M
- 19.40%
- 1Y
- 23.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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KRBN vs. CMDT - Expense Ratio Comparison
KRBN has a 0.79% expense ratio, which is higher than CMDT's 0.65% expense ratio.
Return for Risk
KRBN vs. CMDT — Risk / Return Rank
KRBN
CMDT
KRBN vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon ETF (KRBN) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). 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.
| KRBN | CMDT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 1.81 | -1.43 |
Sortino ratioReturn per unit of downside risk | 0.63 | 2.45 | -1.82 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.36 | 2.63 | -2.27 |
Martin ratioReturn relative to average drawdown | 1.14 | 9.67 | -8.53 |
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
| KRBN | CMDT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 1.81 | -1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.22 | -0.71 |
Correlation
The correlation between KRBN and CMDT 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
KRBN vs. CMDT - Dividend Comparison
KRBN's dividend yield for the trailing twelve months is around 2.23%, less than CMDT's 2.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KRBN KraneShares Global Carbon ETF | 2.23% | 1.90% | 7.10% | 7.60% | 22.91% | 0.49% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.59% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% |
Drawdowns
KRBN vs. CMDT - Drawdown Comparison
The maximum KRBN drawdown since its inception was -36.42%, which is greater than CMDT's maximum drawdown of -9.69%. Use the drawdown chart below to compare losses from any high point for KRBN and CMDT.
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Drawdown Indicators
| KRBN | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.42% | -9.69% | -26.73% |
Max Drawdown (1Y)Largest decline over 1 year | -24.98% | -9.21% | -15.77% |
Max Drawdown (5Y)Largest decline over 5 years | -36.42% | — | — |
Current DrawdownCurrent decline from peak | -22.31% | -0.83% | -21.48% |
Average DrawdownAverage peak-to-trough decline | -16.06% | -2.78% | -13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.84% | 2.51% | +5.33% |
Volatility
KRBN vs. CMDT - Volatility Comparison
KraneShares Global Carbon ETF (KRBN) has a higher volatility of 7.81% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 5.26%. This indicates that KRBN's price experiences larger fluctuations and is considered to be riskier than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRBN | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.81% | 5.26% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 15.60% | 9.59% | +6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 13.22% | +6.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.49% | 12.12% | +16.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 12.12% | +16.76% |