KRBN vs. MLPR
Compare and contrast key facts about KraneShares Global Carbon ETF (KRBN) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR).
KRBN and MLPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KRBN is a passively managed fund by CICC that tracks the performance of the IHS Markit Global Carbon Index. It was launched on Jul 30, 2020. MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020. Both KRBN and MLPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KRBN or MLPR.
Key characteristics
KRBN | MLPR | |
---|---|---|
YTD Return | -15.70% | 19.73% |
1Y Return | -14.66% | 56.71% |
3Y Return (Ann) | 12.49% | 41.95% |
Sharpe Ratio | -0.68 | 3.17 |
Daily Std Dev | 20.84% | 18.72% |
Max Drawdown | -36.42% | -48.98% |
Current Drawdown | -27.79% | 0.00% |
Correlation
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.
Compare stocks, funds, or ETFs
KRBN vs. MLPR - Expense Ratio Comparison
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
KraneShares Global Carbon ETF | -0.68 | ||||
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 3.17 |
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.
TTM | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|
KraneShares Global Carbon ETF | 9.01% | 7.60% | 22.91% | 0.49% | 0.00% |
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
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.