KRBN vs. GRN
Compare and contrast key facts about KraneShares Global Carbon ETF (KRBN) and iPath Series B Carbon ETN (GRN).
KRBN and GRN 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. GRN is a passively managed fund by Barclays Capital that tracks the performance of the Barclays Global Carbon II Index. It was launched on Sep 10, 2019. Both KRBN and GRN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KRBN or GRN.
Key characteristics
| KRBN | GRN | |
|---|---|---|
| YTD Return | -13.67% | -13.89% |
| 1Y Return | -11.88% | -15.78% |
| 3Y Return (Ann) | -2.03% | 1.86% |
| Sharpe Ratio | -0.42 | -0.38 |
| Sortino Ratio | -0.48 | -0.34 |
| Omega Ratio | 0.95 | 0.96 |
| Calmar Ratio | -0.29 | -0.17 |
| Martin Ratio | -0.80 | -0.76 |
| Ulcer Index | 12.21% | 18.55% |
| Daily Std Dev | 23.23% | 37.11% |
| Max Drawdown | -36.42% | -82.36% |
| Current Drawdown | -26.05% | -76.40% |
Correlation
The correlation between KRBN and GRN is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KRBN vs. GRN - Performance Comparison
The year-to-date returns for both stocks are quite close, with KRBN having a -13.67% return and GRN slightly lower at -13.89%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KRBN vs. GRN - Expense Ratio Comparison
KRBN has a 0.79% expense ratio, which is higher than GRN's 0.75% expense ratio.
Risk-Adjusted Performance
KRBN vs. GRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon ETF (KRBN) and iPath Series B Carbon ETN (GRN). 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.
Dividends
KRBN vs. GRN - Dividend Comparison
KRBN's dividend yield for the trailing twelve months is around 3.59%, while GRN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
KRBN KraneShares Global Carbon ETF | 3.59% | 7.60% | 22.91% | 0.49% |
GRN iPath Series B Carbon ETN | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KRBN vs. GRN - Drawdown Comparison
The maximum KRBN drawdown since its inception was -36.42%, smaller than the maximum GRN drawdown of -82.36%. Use the drawdown chart below to compare losses from any high point for KRBN and GRN. For additional features, visit the drawdowns tool.
Volatility
KRBN vs. GRN - Volatility Comparison
The current volatility for KraneShares Global Carbon ETF (KRBN) is 5.90%, while iPath Series B Carbon ETN (GRN) has a volatility of 9.00%. This indicates that KRBN experiences smaller price fluctuations and is considered to be less risky than GRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.