KRBN vs. ISCMF
KRBN (KraneShares Global Carbon ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both Commodities funds - KRBN tracks the IHS Markit Global Carbon Index while ISCMF tracks the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, KRBN returned 3.45%/yr vs 15.20%/yr for ISCMF. At a correlation of -0.03, they often move in opposite directions. KRBN charges 0.79%/yr vs 0.19%/yr for ISCMF.
Performance
KRBN vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, KRBN achieves a -5.94% return, which is significantly lower than ISCMF's 22.87% return.
KRBN
- 1D
- -0.13%
- 1M
- 4.47%
- YTD
- -5.94%
- 6M
- -0.74%
- 1Y
- 15.04%
- 3Y*
- 3.45%
- 5Y*
- 7.47%
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -0.67%
- YTD
- 22.87%
- 6M
- 27.76%
- 1Y
- 37.85%
- 3Y*
- 15.20%
- 5Y*
- —
- 10Y*
- —
KRBN vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KRBN KraneShares Global Carbon ETF | -5.94% | 23.11% | -13.56% | 8.01% | -5.31% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.08% |
Correlation
The correlation between KRBN and ISCMF 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 | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | -0.03 |
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Return for Risk
KRBN vs. ISCMF — Risk / Return Rank
KRBN
ISCMF
KRBN vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon ETF (KRBN) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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 | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 2.53 | -1.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 6.69 | -6.08 |
| Martin ratioReturn relative to average drawdown | 1.58 | 15.68 | -14.10 |
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 | ISCMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 2.05 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.45 | +0.12 |
Drawdowns
KRBN vs. ISCMF - Drawdown Comparison
The maximum KRBN drawdown since its inception was -36.42%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for KRBN and ISCMF.
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Drawdown Indicators
| KRBN | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.42% | -25.42% | -11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -24.98% | -5.69% | -19.29% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -7.62% | -19.72% |
Max Drawdown (5Y)Largest decline over 5 years | -36.42% | — | — |
Current DrawdownCurrent decline from peak | -14.26% | -5.26% | -9.00% |
Average DrawdownAverage peak-to-trough decline | -16.14% | -13.43% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.54% | 2.42% | +7.12% |
Volatility
KRBN vs. ISCMF - Volatility Comparison
The current volatility for KraneShares Global Carbon ETF (KRBN) is 5.13%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 7.14%. This indicates that KRBN experiences smaller price fluctuations and is considered to be less risky than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRBN | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 7.14% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.61% | 15.90% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 18.53% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.10% | 14.38% | +13.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.63% | 14.38% | +14.25% |
KRBN vs. ISCMF - Expense Ratio Comparison
KRBN has a 0.79% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
KRBN vs. ISCMF - Dividend Comparison
KRBN's dividend yield for the trailing twelve months is around 2.02%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KRBN KraneShares Global Carbon ETF | 2.02% | 1.90% | 7.10% | 7.60% | 22.91% | 0.49% |
Frequently Asked Questions
KRBN and ISCMF 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.
ISCMF has higher volatility (7.14%) compared to KRBN (5.13%). In terms of maximum drawdown, KRBN dropped -36.42% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 15.20% vs 3.45% for KRBN. On fees, ISCMF is cheaper at 0.19% per year. On volatility, KRBN has been the lower-risk option at 5.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ISCMF has performed better with a 15.20% return vs 3.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISCMF is cheaper with a 0.19% expense ratio, compared with 0.79% for KRBN.
KRBN has the higher dividend yield at 2.02%, compared with 0.00% for ISCMF.
KRBN tracks IHS Markit Global Carbon Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: CICC and iShares. Their fees differ too: 0.79% for KRBN and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (2.05 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.
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