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KRBN vs. MLPR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


KRBNMLPR
YTD Return-15.70%19.73%
1Y Return-14.66%56.71%
3Y Return (Ann)12.49%41.95%
Sharpe Ratio-0.683.17
Daily Std Dev20.84%18.72%
Max Drawdown-36.42%-48.98%
Current Drawdown-27.79%0.00%

Correlation

0.19
-1.001.00

The correlation between KRBN and MLPR is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

KRBN vs. MLPR - Performance Comparison

In the year-to-date period, KRBN achieves a -15.70% return, which is significantly lower than MLPR's 19.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


100.00%150.00%200.00%250.00%300.00%OctoberNovemberDecember2024FebruaryMarch
102.26%
335.62%
KRBN
MLPR

Compare stocks, funds, or ETFs


KraneShares Global Carbon ETF

ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN

KRBN vs. MLPR - Expense Ratio Comparison

KRBN has a 0.79% expense ratio, which is lower than MLPR's 0.95% expense ratio.

MLPR
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN
0.50%1.00%1.50%2.00%0.95%
0.50%1.00%1.50%2.00%0.79%

Risk-Adjusted Performance

KRBN vs. MLPR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon ETF (KRBN) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
KRBN
KraneShares Global Carbon ETF
-0.68
MLPR
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN
3.17

KRBN vs. MLPR - Sharpe Ratio Comparison

The current KRBN Sharpe Ratio is -0.68, which is lower than the MLPR Sharpe Ratio of 3.17. The chart below compares the 12-month rolling Sharpe Ratio of KRBN and MLPR.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00OctoberNovemberDecember2024FebruaryMarch
-0.68
3.17
KRBN
MLPR

Dividends

KRBN vs. MLPR - Dividend Comparison

KRBN's dividend yield for the trailing twelve months is around 9.01%, which matches MLPR's 8.98% yield.


TTM2023202220212020
KRBN
KraneShares Global Carbon ETF
9.01%7.60%22.91%0.49%0.00%
MLPR
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN
8.98%10.08%10.07%10.69%4.21%

Drawdowns

KRBN vs. MLPR - Drawdown Comparison

The maximum KRBN drawdown since its inception was -36.42%, smaller than the maximum MLPR drawdown of -48.98%. The drawdown chart below compares losses from any high point along the way for KRBN and MLPR


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-27.79%
0
KRBN
MLPR

Volatility

KRBN vs. MLPR - Volatility Comparison

KraneShares Global Carbon ETF (KRBN) has a higher volatility of 8.02% compared to ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) at 4.78%. This indicates that KRBN's price experiences larger fluctuations and is considered to be riskier than MLPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%OctoberNovemberDecember2024FebruaryMarch
8.02%
4.78%
KRBN
MLPR