KRBN vs. VOO
Compare and contrast key facts about KraneShares Global Carbon ETF (KRBN) and Vanguard S&P 500 ETF (VOO).
KRBN and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both KRBN and VOO 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 VOO.
Key characteristics
| KRBN | VOO | |
|---|---|---|
| YTD Return | -12.52% | 6.68% |
| 1Y Return | -10.34% | 26.39% |
| 3Y Return (Ann) | 10.14% | 8.30% |
| Sharpe Ratio | -0.55 | 2.06 |
| Daily Std Dev | 22.32% | 11.84% |
| Max Drawdown | -36.42% | -33.99% |
| Current Drawdown | -25.06% | -3.50% |
Correlation
The correlation between KRBN and VOO is 0.24, 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. VOO - Performance Comparison
In the year-to-date period, KRBN achieves a -12.52% return, which is significantly lower than VOO's 6.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KRBN vs. VOO - Expense Ratio Comparison
KRBN has a 0.79% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
KRBN vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Global Carbon ETF (KRBN) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
KRBN vs. VOO - Dividend Comparison
KRBN's dividend yield for the trailing twelve months is around 8.68%, more than VOO's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRBN KraneShares Global Carbon ETF | 8.68% | 7.60% | 22.91% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.38% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
KRBN vs. VOO - Drawdown Comparison
The maximum KRBN drawdown since its inception was -36.42%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for KRBN and VOO. For additional features, visit the drawdowns tool.
Volatility
KRBN vs. VOO - Volatility Comparison
KraneShares Global Carbon ETF (KRBN) has a higher volatility of 9.95% compared to Vanguard S&P 500 ETF (VOO) at 3.55%. This indicates that KRBN's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.