KRBN vs. KVLE

Last updated Jun 4, 2026

KRBN (KraneShares Global Carbon ETF) and KVLE (KFA Value Liner Dynamic Core Equity Index ETF) are both exchange-traded funds - KRBN is a Commodities fund tracking the IHS Markit Global Carbon 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 7.47%/yr vs 9.67%/yr for KVLE. At a 0.17 correlation, their price movements are largely independent. KRBN charges 0.79%/yr vs 0.56%/yr for KVLE.

Performance

KRBN vs. KVLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Global Carbon ETF (KRBN) and KFA Value Liner Dynamic Core Equity Index ETF (KVLE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KRBN achieves a -5.94% return, which is significantly lower than KVLE's 10.22% return.

KRBN

• 1D: -0.13%
• 1M: 4.47%
• YTD: -5.94%
• 6M: -0.74%
• 1Y: 15.04%
• 3Y*: 3.45%
• 5Y*: 7.47%
• 10Y*: —

KVLE

• 1D: -0.91%
• 1M: 4.69%
• YTD: 10.22%
• 6M: 9.55%
• 1Y: 18.85%
• 3Y*: 14.93%
• 5Y*: 9.67%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KRBN vs. KVLE - 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%	13.60%
KVLE KFA Value Liner Dynamic Core Equity Index ETF	10.22%	9.34%	18.25%	10.49%	-5.96%	28.01%	1.36%

Correlation

The correlation between KRBN and KVLE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Nov 25, 2020	0.17

KRBN vs. KVLE - Sectors Allocation Comparison

Sectors	KRBN	KVLE
Financial Services	59.7%	12.2%
Basic Materials	-	1.3%
Communication Services	-	3.9%
Consumer Cyclical	-	9.2%
Consumer Defensive	-	6.8%
Energy	-	4.6%
Healthcare	-	9.3%
Industrials	-	12.6%
Real Estate	-	12.0%
Technology	-	27.0%
Utilities	-	0.7%

Return for Risk

KRBN vs. KVLE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KRBN

KRBN Risk / Return Rank: 20
KRBN Sharpe Ratio Rank: 23
KRBN Sortino Ratio Rank: 21
KRBN Omega Ratio Rank: 23
KRBN Calmar Ratio Rank: 16
KRBN Martin Ratio Rank: 16

KVLE

KVLE Risk / Return Rank: 47
KVLE Sharpe Ratio Rank: 50
KVLE Sortino Ratio Rank: 51
KVLE Omega Ratio Rank: 49
KVLE Calmar Ratio Rank: 40
KVLE Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KRBN vs. KVLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon 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.

	KRBN	KVLE	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.72	-0.92
Sortino ratio: Return per unit of downside risk	1.13	2.45	-1.32
Omega ratio: Gain probability vs. loss probability	1.15	1.31	-0.16
Calmar ratio: Return relative to maximum drawdown	0.60	1.97	-1.37
Martin ratio: Return relative to average drawdown	1.58	7.57	-5.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KRBN vs. KVLE - Sharpe Ratio Comparison

The current KRBN Sharpe Ratio is 0.80, which is lower than the KVLE Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of KRBN and KVLE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KRBN	KVLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.72	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.67	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.88	-0.31

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.

Drawdown Indicators

	KRBN	KVLE	Difference
Max Drawdown Largest 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	-27.34%	-16.39%	-10.95%
Max Drawdown (5Y) Largest decline over 5 years	-36.42%	-18.38%	-18.04%
Current Drawdown Current decline from peak	-14.26%	-0.91%	-13.35%
Average Drawdown Average peak-to-trough decline	-16.14%	-3.21%	-12.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.54%	2.50%	+7.04%

Volatility

KRBN vs. KVLE - Volatility Comparison

KraneShares Global Carbon ETF (KRBN) has a higher volatility of 5.13% compared to KFA Value Liner Dynamic Core Equity Index ETF (KVLE) at 2.64%. 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.

Volatility by Period

	KRBN	KVLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	2.64%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	16.61%	8.35%	+8.26%
Volatility (1Y) Calculated over the trailing 1-year period	18.93%	11.04%	+7.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.10%	14.51%	+13.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.63%	14.33%	+14.30%

KRBN vs. KVLE - Expense Ratio Comparison

KRBN has a 0.79% 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 2.02%, less than KVLE's 7.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
KRBN KraneShares Global Carbon ETF	2.02%	1.90%	7.10%	7.60%	22.91%	0.49%	0.00%
KVLE KFA Value Liner Dynamic Core Equity Index ETF	7.30%	7.90%	7.99%	2.53%	5.78%	9.51%	0.35%

Frequently Asked Questions

Can I hold both KRBN and KVLE in my portfolio?

KRBN and KVLE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KRBN or KVLE?

KRBN has higher volatility (5.13%) compared to KVLE (2.64%). In terms of maximum drawdown, KRBN dropped -36.42% vs KVLE's -18.38%.

Which ETF is better, KRBN or KVLE?

On 5-year performance, KVLE leads with 9.67% vs 7.47% for KRBN. On fees, KVLE is cheaper at 0.56% per year. On volatility, KVLE has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KRBN or KVLE?

Over the 5-year period, KVLE has performed better with a 9.67% return vs 7.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KRBN or KVLE?

KVLE is cheaper with a 0.56% expense ratio, compared with 0.79% for KRBN.

Which ETF pays a higher dividend yield, KRBN or KVLE?

KVLE has the higher dividend yield at 7.30%, compared with 2.02% for KRBN.

What is the main difference between KRBN and KVLE?

KRBN is categorized as Commodities, while KVLE is Large Cap Value Equities. KRBN tracks IHS Markit Global Carbon Index, while KVLE tracks 3D/L Value Line Dynamic Core Equity Index. Their fees differ too: 0.79% for KRBN and 0.56% for KVLE.

Which has better risk-adjusted returns?

KVLE currently has the higher Sharpe Ratio (1.72 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.