KRBN vs. KVLE
KRBN (KraneShares Global Carbon Strategy ETF) and KVLE (KFA Value Liner Dynamic Core Equity Index ETF) are both exchange-traded funds - KRBN is a Commodities fund tracking the S&P Global Carbon Credit Index, while KVLE is a Large Cap Value Equities fund tracking the 3D/L Value Line Dynamic Core Equity Index. Both are passively managed. Over the past 5 years, KRBN returned 5.83%/yr vs 10.55%/yr for KVLE. Their 0.17 correlation means their historical movements had little consistent relationship. KRBN charges 0.90%/yr vs 0.56%/yr for KVLE.
Performance
KRBN vs. KVLE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KRBN achieves a -4.92% return, which is significantly lower than KVLE's 13.45% 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%
KVLE
- 1D
- 1.17%
- 1M
- 1.39%
- 6M
- 9.44%
- YTD
- 13.45%
- 1Y
- 19.86%
- 3Y*
- 15.23%
- 5Y*
- 10.55%
- 10Y*
- —
- ALL TIME*
- 12.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.61M | $1.01M | $686.57K | |
| $51.50K | $48.71K | $53.81K |
KRBN vs. KVLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KRBN KraneShares Global Carbon Strategy ETF | -4.92% | 23.11% | -13.56% | 8.01% | -12.75% | 107.69% | 15.31% |
KVLE KFA Value Liner Dynamic Core Equity Index ETF | 13.45% | 9.34% | 18.25% | 10.49% | -5.96% | 28.01% | 1.71% |
Correlation
The correlation between KRBN and KVLE is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020 | 0.17 |
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. KVLE — Risk / Return Rank
KRBN
KVLE
KRBN vs. KVLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon Strategy ETF (KRBN) and KFA Value Liner Dynamic Core Equity Index ETF (KVLE). 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 | KVLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.08 | -1.52 |
| Martin ratioReturn relative to average drawdown | 1.39 | 8.00 | -6.61 |
Loading charts...
Drawdowns
KRBN vs. KVLE - Drawdown Comparison
The maximum KRBN drawdown since its inception was -36.42%, which is greater than KVLE's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for KRBN and KVLE.
Loading charts...
Drawdown Indicators
| KRBN | KVLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.42% | -18.38% | -18.04% |
Max Drawdown (1Y)Largest decline over 1 year | -24.98% | -9.59% | -15.39% |
Max Drawdown (3Y)Largest decline over 3 years | -26.05% | -16.39% | -9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -36.42% | -18.38% | -18.04% |
Current DrawdownCurrent decline from peak | -13.32% | 0.00% | -13.32% |
Average DrawdownAverage peak-to-trough decline | -16.07% | -3.14% | -12.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.10% | 2.49% | +7.61% |
Volatility
KRBN vs. KVLE - Volatility Comparison
KraneShares Global Carbon Strategy ETF (KRBN) has a higher volatility of 6.67% compared to KFA Value Liner Dynamic Core Equity Index ETF (KVLE) at 3.01%. This indicates that KRBN's price experiences larger fluctuations and is considered to be riskier than KVLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KRBN | KVLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 3.01% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 16.21% | 8.72% | +7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 11.25% | +8.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.84% | 14.48% | +13.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.43% | 14.25% | +14.18% |
KRBN vs. KVLE - Expense Ratio Comparison
KRBN has a 0.90% expense ratio, which is higher than KVLE's 0.56% expense ratio.
Dividends
KRBN vs. KVLE - Dividend Comparison
KRBN's dividend yield for the trailing twelve months is around 2.00%, less than KVLE's 7.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
KRBN KraneShares Global Carbon Strategy ETF | 2.00% | 1.90% | 7.10% | 7.60% | 22.91% | 0.49% | 0.00% |
KVLE KFA Value Liner Dynamic Core Equity Index ETF | 7.37% | 7.90% | 7.99% | 2.53% | 5.78% | 9.51% | 0.35% |
Frequently Asked Questions
KRBN and KVLE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRBN has higher volatility (6.67%) compared to KVLE (3.01%). In terms of maximum drawdown, KRBN dropped -36.42% vs KVLE's -18.38%.
On 5-year performance, KVLE leads with 10.55% vs 5.83% for KRBN. On fees, KVLE is cheaper at 0.56% per year. On volatility, KVLE has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KVLE has performed better with a 10.55% return vs 5.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KVLE is cheaper with a 0.56% expense ratio, compared with 0.90% for KRBN.
KVLE has the higher dividend yield at 7.37%, compared with 2.00% for KRBN.
KRBN is categorized as Commodities, while KVLE is Large Cap Value Equities. KRBN tracks S&P Global Carbon Credit Index, while KVLE tracks 3D/L Value Line Dynamic Core Equity Index. They also come from different issuers: KraneShares and CICC. Their fees differ too: 0.90% for KRBN and 0.56% for KVLE.
KVLE currently has the higher Sharpe Ratio (1.78 vs 0.71), 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 KVLE
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