KRBN vs. SCHD

Last updated Jun 5, 2026

KRBN (KraneShares Global Carbon ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - KRBN is a Commodities fund tracking the IHS Markit Global Carbon Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, KRBN returned 7.33%/yr vs 8.50%/yr for SCHD. At a 0.18 correlation, their price movements are largely independent. KRBN charges 0.79%/yr vs 0.06%/yr for SCHD.

Performance

KRBN vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Global Carbon ETF (KRBN) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KRBN achieves a -6.55% return, which is significantly lower than SCHD's 19.82% return.

KRBN

• 1D: -0.65%
• 1M: 2.64%
• YTD: -6.55%
• 6M: -2.44%
• 1Y: 14.88%
• 3Y*: 2.19%
• 5Y*: 7.33%
• 10Y*: —

SCHD

• 1D: 0.68%
• 1M: 2.84%
• YTD: 19.82%
• 6M: 19.65%
• 1Y: 28.76%
• 3Y*: 15.59%
• 5Y*: 8.50%
• 10Y*: 12.79%

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

KRBN vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KRBN KraneShares Global Carbon ETF	-6.55%	23.11%	-13.56%	8.01%	-12.75%	107.69%	22.60%
SCHD Schwab U.S. Dividend Equity ETF	19.82%	4.34%	11.66%	4.54%	-3.26%	29.87%	19.61%

Correlation

The correlation between KRBN and SCHD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020	0.18

The correlation between KRBN and SCHD shifts across timeframes, from 0.06 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

KRBN vs. SCHD - Sectors Allocation Comparison

Sectors	KRBN	SCHD
Financial Services	59.7%	9.3%
Basic Materials	-	1.2%
Communication Services	-	6.3%
Consumer Cyclical	-	6.3%
Consumer Defensive	-	19.2%
Energy	-	16.2%
Healthcare	-	18.8%
Industrials	-	7.5%
Real Estate	-	-
Technology	-	16.4%
Utilities	-	0.0%

Return for Risk

KRBN vs. SCHD — 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: 24
KRBN Sortino Ratio Rank: 22
KRBN Omega Ratio Rank: 23
KRBN Calmar Ratio Rank: 17
KRBN Martin Ratio Rank: 17

SCHD

SCHD Risk / Return Rank: 85
SCHD Sharpe Ratio Rank: 82
SCHD Sortino Ratio Rank: 89
SCHD Omega Ratio Rank: 80
SCHD Calmar Ratio Rank: 92
SCHD Martin Ratio Rank: 80

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. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon ETF (KRBN) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.79	2.64	-1.85
Sortino ratio: Return per unit of downside risk	1.12	4.08	-2.95
Omega ratio: Gain probability vs. loss probability	1.15	1.47	-0.32
Calmar ratio: Return relative to maximum drawdown	0.60	6.26	-5.66
Martin ratio: Return relative to average drawdown	1.56	15.38	-13.82
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. SCHD - Sharpe Ratio Comparison

The current KRBN Sharpe Ratio is 0.79, which is lower than the SCHD Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of KRBN and SCHD, 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	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	2.64	-1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.59	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.86	-0.30

Drawdowns

KRBN vs. SCHD - Drawdown Comparison

The maximum KRBN drawdown since its inception was -36.42%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for KRBN and SCHD.

Drawdown Indicators

	KRBN	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-36.42%	-33.37%	-3.05%
Max Drawdown (1Y) Largest decline over 1 year	-24.98%	-4.61%	-20.37%
Max Drawdown (3Y) Largest decline over 3 years	-27.34%	-16.13%	-11.21%
Max Drawdown (5Y) Largest decline over 5 years	-36.42%	-16.85%	-19.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-14.82%	-0.73%	-14.09%
Average Drawdown Average peak-to-trough decline	-16.14%	-3.32%	-12.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.56%	1.87%	+7.69%

Volatility

KRBN vs. SCHD - Volatility Comparison

KraneShares Global Carbon ETF (KRBN) has a higher volatility of 5.10% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.69%. This indicates that KRBN's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KRBN	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	2.69%	+2.41%
Volatility (6M) Calculated over the trailing 6-month period	16.61%	7.65%	+8.96%
Volatility (1Y) Calculated over the trailing 1-year period	18.91%	10.95%	+7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.10%	14.38%	+13.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.62%	16.71%	+11.91%

KRBN vs. SCHD - Expense Ratio Comparison

KRBN has a 0.79% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

KRBN vs. SCHD - Dividend Comparison

KRBN's dividend yield for the trailing twelve months is around 2.04%, less than SCHD's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KRBN KraneShares Global Carbon ETF	2.04%	1.90%	7.10%	7.60%	22.91%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.24%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both KRBN and SCHD in my portfolio?

KRBN and SCHD have a correlation of 0.06, 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 SCHD?

KRBN has higher volatility (5.10%) compared to SCHD (2.69%). In terms of maximum drawdown, KRBN dropped -36.42% vs SCHD's -33.37%.

Which ETF is better, KRBN or SCHD?

On 5-year performance, SCHD leads with 8.50% vs 7.33% for KRBN. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KRBN or SCHD?

Over the 5-year period, SCHD has performed better with a 8.50% return vs 7.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KRBN or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.79% for KRBN.

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

SCHD has the higher dividend yield at 3.24%, compared with 2.04% for KRBN.

What is the main difference between KRBN and SCHD?

KRBN is categorized as Commodities, while SCHD is Dividend. KRBN tracks IHS Markit Global Carbon Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: CICC and Charles Schwab. Their fees differ too: 0.79% for KRBN and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.64 vs 0.79), 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.