KVLE vs. KRBN

Last updated Apr 2, 2026

Compare and contrast key facts about KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and KraneShares Global Carbon ETF (KRBN).

KVLE and KRBN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KVLE is a passively managed fund by CICC that tracks the performance of the 3D/L Value Line Dynamic Core Equity Index. It was launched on Nov 24, 2020. 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. Both KVLE and KRBN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

KVLE vs. KRBN - Performance Comparison

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

KVLE vs. KRBN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KVLE KFA Value Liner Dynamic Core Equity Index ETF	-2.01%	9.34%	18.25%	10.49%	-5.96%	28.01%	1.36%
KRBN KraneShares Global Carbon ETF	-14.77%	23.11%	-13.56%	8.01%	-12.75%	107.69%	13.60%

Returns By Period

In the year-to-date period, KVLE achieves a -2.01% return, which is significantly higher than KRBN's -14.77% return.

KVLE

• 1D: 0.24%
• 1M: -5.53%
• YTD: -2.01%
• 6M: -3.49%
• 1Y: 8.86%
• 3Y*: 10.23%
• 5Y*: 8.58%
• 10Y*: —

KRBN

• 1D: 1.62%
• 1M: 2.72%
• YTD: -14.77%
• 6M: -5.87%
• 1Y: 7.56%
• 3Y*: -3.42%
• 5Y*: 8.78%
• 10Y*: —

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

KVLE vs. KRBN - Expense Ratio Comparison

KVLE has a 0.56% expense ratio, which is lower than KRBN's 0.79% expense ratio.

KRBN

KraneShares Global Carbon ETF

KVLE

KFA Value Liner Dynamic Core Equity Index ETF

Return for Risk

KVLE vs. KRBN — Risk / Return Rank

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

KVLE

KVLE Risk / Return Rank: 29
KVLE Sharpe Ratio Rank: 28
KVLE Sortino Ratio Rank: 29
KVLE Omega Ratio Rank: 29
KVLE Calmar Ratio Rank: 29
KVLE Martin Ratio Rank: 32

KRBN

KRBN Risk / Return Rank: 21
KRBN Sharpe Ratio Rank: 22
KRBN Sortino Ratio Rank: 21
KRBN Omega Ratio Rank: 21
KRBN Calmar Ratio Rank: 19
KRBN Martin Ratio Rank: 20

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.

KVLE vs. KRBN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and KraneShares Global Carbon ETF (KRBN). 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.

	KVLE	KRBN	Difference
Sharpe ratio Return per unit of total volatility	0.55	0.38	+0.17
Sortino ratio Return per unit of downside risk	0.90	0.63	+0.27
Omega ratio Gain probability vs. loss probability	1.13	1.08	+0.05
Calmar ratio Return relative to maximum drawdown	0.76	0.36	+0.40
Martin ratio Return relative to average drawdown	3.00	1.14	+1.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KVLE vs. KRBN - Sharpe Ratio Comparison

The current KVLE Sharpe Ratio is 0.55, which is higher than the KRBN Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of KVLE and KRBN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KVLE	KRBN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	0.38	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.31	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.51	+0.22

Correlation

The correlation between KVLE and KRBN is 0.17, 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.

Dividends

KVLE vs. KRBN - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 8.21%, more than KRBN's 2.23% yield.

	TTM	2025	2024	2023	2022	2021	2020
KVLE KFA Value Liner Dynamic Core Equity Index ETF	8.21%	7.90%	7.99%	2.53%	5.78%	9.51%	0.35%
KRBN KraneShares Global Carbon ETF	2.23%	1.90%	7.10%	7.60%	22.91%	0.49%	0.00%

Drawdowns

KVLE vs. KRBN - Drawdown Comparison

The maximum KVLE drawdown since its inception was -18.38%, smaller than the maximum KRBN drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for KVLE and KRBN.

Drawdown Indicators

	KVLE	KRBN	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-36.42%	+18.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-24.98%	+13.42%
Max Drawdown (5Y) Largest decline over 5 years	-18.38%	-36.42%	+18.04%
Current Drawdown Current decline from peak	-7.37%	-22.31%	+14.94%
Average Drawdown Average peak-to-trough decline	-3.27%	-16.06%	+12.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	7.84%	-4.91%

Volatility

KVLE vs. KRBN - Volatility Comparison

The current volatility for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) is 4.47%, while KraneShares Global Carbon ETF (KRBN) has a volatility of 7.81%. This indicates that KVLE experiences smaller price fluctuations and is considered to be less risky than KRBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KVLE	KRBN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	7.81%	-3.34%
Volatility (6M) Calculated over the trailing 6-month period	8.54%	15.60%	-7.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	20.12%	-3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	28.49%	-13.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.44%	28.88%	-14.44%