KRBN vs. COMB
KRBN (KraneShares Global Carbon ETF) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both Commodities funds. KRBN is passively managed, while COMB is actively managed. Over the past 5 years, KRBN returned 7.47%/yr vs 11.27%/yr for COMB. At a 0.13 correlation, their price movements are largely independent. KRBN charges 0.79%/yr vs 0.25%/yr for COMB.
Performance
KRBN vs. COMB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KRBN achieves a -5.94% return, which is significantly lower than COMB's 26.81% return.
KRBN
- 1D
- -0.13%
- 1M
- 4.47%
- YTD
- -5.94%
- 6M
- -0.74%
- 1Y
- 15.04%
- 3Y*
- 3.45%
- 5Y*
- 7.47%
- 10Y*
- —
COMB
- 1D
- 0.03%
- 1M
- -2.98%
- YTD
- 26.81%
- 6M
- 25.89%
- 1Y
- 38.86%
- 3Y*
- 16.31%
- 5Y*
- 11.27%
- 10Y*
- —
KRBN vs. COMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KRBN KraneShares Global Carbon ETF | -5.94% | 23.11% | -13.56% | 8.01% | -12.75% | 107.69% | 22.60% |
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 26.81% | 15.12% | 5.24% | -7.75% | 14.56% | 26.34% | 14.52% |
Correlation
The correlation between KRBN and COMB is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.13 |
The correlation between KRBN and COMB shifts across timeframes, from 0.02 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KRBN vs. COMB — Risk / Return Rank
KRBN
COMB
KRBN vs. COMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon ETF (KRBN) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). 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 | COMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.41 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 5.08 | -4.47 |
| Martin ratioReturn relative to average drawdown | 1.58 | 13.24 | -11.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| KRBN | COMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 2.29 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.68 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.52 | +0.05 |
Drawdowns
KRBN vs. COMB - Drawdown Comparison
The maximum KRBN drawdown since its inception was -36.42%, which is greater than COMB's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for KRBN and COMB.
Loading charts...
Drawdown Indicators
| KRBN | COMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.42% | -33.50% | -2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -24.98% | -7.69% | -17.29% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -11.35% | -15.99% |
Max Drawdown (5Y)Largest decline over 5 years | -36.42% | -26.63% | -9.79% |
Current DrawdownCurrent decline from peak | -14.26% | -4.35% | -9.91% |
Average DrawdownAverage peak-to-trough decline | -16.14% | -12.06% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.54% | 2.94% | +6.60% |
Volatility
KRBN vs. COMB - Volatility Comparison
KraneShares Global Carbon ETF (KRBN) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) have volatilities of 5.13% and 5.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KRBN | COMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 5.14% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.61% | 14.99% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 17.02% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.10% | 16.70% | +11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.63% | 15.13% | +13.50% |
KRBN vs. COMB - Expense Ratio Comparison
KRBN has a 0.79% expense ratio, which is higher than COMB's 0.25% expense ratio.
Dividends
KRBN vs. COMB - Dividend Comparison
KRBN's dividend yield for the trailing twelve months is around 2.02%, less than COMB's 7.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 7.14% | 9.05% | 2.48% | 6.57% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% |
KRBN KraneShares Global Carbon ETF | 2.02% | 1.90% | 7.10% | 7.60% | 22.91% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KRBN and COMB have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMB has higher volatility (5.14%) compared to KRBN (5.13%). In terms of maximum drawdown, KRBN dropped -36.42% vs COMB's -33.50%.
On 5-year performance, COMB leads with 11.27% vs 7.47% for KRBN. On fees, COMB is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, COMB has performed better with a 11.27% return vs 7.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COMB is cheaper with a 0.25% expense ratio, compared with 0.79% for KRBN.
COMB has the higher dividend yield at 7.14%, compared with 2.02% for KRBN.
They also come from different issuers: CICC and GraniteShares. Their fees differ too: 0.79% for KRBN and 0.25% for COMB.
COMB currently has the higher Sharpe Ratio (2.29 vs 0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for KRBN and COMB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer