KRBN vs. KTEC
KRBN (KraneShares Global Carbon Strategy ETF) and KTEC (KraneShares Hang Seng TECH Index ETF) are both exchange-traded funds - KRBN is a Commodities fund tracking the S&P Global Carbon Credit Index, while KTEC is a China Equities fund tracking the Hang Seng Tech Index. Both are passively managed. Over the past 5 years, KRBN returned 5.83%/yr vs -7.38%/yr for KTEC. Their 0.10 correlation means their historical movements had little consistent relationship. KRBN charges 0.90%/yr vs 0.69%/yr for KTEC.
Performance
KRBN vs. KTEC - Performance Comparison
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Returns By Period
In the year-to-date period, KRBN achieves a -4.92% return, which is significantly higher than KTEC's -12.07% return.
KRBN
- 1D
- -0.27%
- 1M
- 1.51%
- 6M
- 0.75%
- YTD
- -4.92%
- 1Y
- 14.02%
- 3Y*
- 0.62%
- 5Y*
- 5.83%
- 10Y*
- —
- ALL TIME*
- 16.28%
KTEC
- 1D
- 0.58%
- 1M
- 11.05%
- 6M
- -12.63%
- YTD
- -12.07%
- 1Y
- -11.25%
- 3Y*
- 1.36%
- 5Y*
- -7.38%
- 10Y*
- —
- ALL TIME*
- -10.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.61M | $1.01M | $686.57K | |
| $999.09K | $1.00M | $1.05M |
KRBN vs. KTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KRBN KraneShares Global Carbon Strategy ETF | -4.92% | 23.11% | -13.56% | 8.01% | -12.75% | 46.66% |
KTEC KraneShares Hang Seng TECH Index ETF | -12.07% | 21.01% | 16.13% | -10.41% | -26.12% | -29.98% |
Correlation
The correlation between KRBN and KTEC is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.10 |
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Return for Risk
KRBN vs. KTEC — Risk / Return Rank
KRBN
KTEC
KRBN vs. KTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon Strategy ETF (KRBN) and KraneShares Hang Seng TECH Index ETF (KTEC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KRBN | KTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.95 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | -0.31 | +0.87 |
| Martin ratioReturn relative to average drawdown | 1.39 | -0.55 | +1.94 |
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Drawdowns
KRBN vs. KTEC - Drawdown Comparison
The maximum KRBN drawdown since its inception was -36.42%, smaller than the maximum KTEC drawdown of -66.90%. Use the drawdown chart below to compare losses from any high point for KRBN and KTEC.
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Drawdown Indicators
| KRBN | KTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.42% | -66.90% | +30.48% |
Max Drawdown (1Y)Largest decline over 1 year | -24.98% | -36.49% | +11.51% |
Max Drawdown (3Y)Largest decline over 3 years | -26.05% | -36.49% | +10.44% |
Max Drawdown (5Y)Largest decline over 5 years | -36.42% | -60.08% | +23.66% |
Current DrawdownCurrent decline from peak | -13.32% | -44.51% | +31.19% |
Average DrawdownAverage peak-to-trough decline | -16.07% | -44.05% | +27.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.10% | 20.54% | -10.44% |
Volatility
KRBN vs. KTEC - Volatility Comparison
The current volatility for KraneShares Global Carbon Strategy ETF (KRBN) is 6.67%, while KraneShares Hang Seng TECH Index ETF (KTEC) has a volatility of 7.10%. This indicates that KRBN experiences smaller price fluctuations and is considered to be less risky than KTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRBN | KTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 7.10% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 16.21% | 20.16% | -3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 28.18% | -8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.84% | 42.64% | -14.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.43% | 42.73% | -14.30% |
KRBN vs. KTEC - Expense Ratio Comparison
KRBN has a 0.90% expense ratio, which is higher than KTEC's 0.69% expense ratio.
Dividends
KRBN vs. KTEC - Dividend Comparison
KRBN's dividend yield for the trailing twelve months is around 2.00%, less than KTEC's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KRBN KraneShares Global Carbon Strategy ETF | 2.00% | 1.90% | 7.10% | 7.60% | 22.91% | 0.49% |
KTEC KraneShares Hang Seng TECH Index ETF | 3.82% | 3.36% | 0.27% | 0.81% | 0.16% | 0.00% |
Frequently Asked Questions
KRBN and KTEC have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTEC has higher volatility (7.10%) compared to KRBN (6.67%). In terms of maximum drawdown, KRBN dropped -36.42% vs KTEC's -66.90%.
On 5-year performance, KRBN leads with 5.83% vs -7.38% for KTEC. On fees, KTEC is cheaper at 0.69% per year. On volatility, KRBN has been the lower-risk option at 6.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KRBN has performed better with a 5.83% return vs -7.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KTEC is cheaper with a 0.69% expense ratio, compared with 0.90% for KRBN.
KTEC has the higher dividend yield at 3.82%, compared with 2.00% for KRBN.
KRBN is categorized as Commodities, while KTEC is China Equities. KRBN tracks S&P Global Carbon Credit Index, while KTEC tracks Hang Seng Tech Index. Their fees differ too: 0.90% for KRBN and 0.69% for KTEC.
KRBN currently has the higher Sharpe Ratio (0.71 vs -0.40), 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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