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ETFs

KraneShares Global Carbon Strategy ETF

KRBN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 30 2020
Expense Ratio
0.78%
Type
Global Commodities & Metals
Fund Owner
Krane Shares
Volume (1m avg. daily)
$3,297,692
AUM
$574,236,000
Associated Index
IHS Markit Global Carbon Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

GVMXX
STATE ST INST US GOV
51.06%
n/a
Cash
27.24%
n/a
EURO
14.01%
n/a
BRITISH STERLING POUND
3.74%
n/a
EURO
3.35%
n/a
BRITISH STERLING POUND
0.60%
Invest with KRBN

What is KRBN?

The KraneShares Global Carbon Strategy ETF (KRBN) is benchmarked to IHS Markit s Global Carbon Index, which offers broad coverage of cap-and-trade carbon allowances by tracking the most traded carbon credit futures contracts. The index introduces a new measure for hedging risk and going long the price of carbon while supporting responsible investing. Currently, the index covers the major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA) and the Regional Greenhouse Gas Initiative (RGGI).

ETFs related toKRBN

ETFs correlated to KRBN include ICOW, DFIV, IVLU

KRBN
KraneShares ICAV - KraneShares Global Carbon Strategy ETF
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
DFIV
Dimensional ETF Trust - Dimensional International Value ETF
IVLU
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Value Factor ETF
FNDF
Schwab Strategic Trust - Schwab Fundamental International Large Company Index ETF
IMTM
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Momentum Factor ET
EFV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Value ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
GCOW
Pacer Funds Trust - Pacer Global Cash Cows Dividend ETF
IDV
BlackRock Institutional Trust Company N.A. - iShares International Select Dividend ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

KRBN is a Global Commodities & Metals ETF. The KraneShares Global Carbon Strategy ETF (KRBN) is benchmarked to IHS Markit s Global Carbon Index, which offers broad coverage of cap-and-trade carbon allowances by tracking the most traded carbon credit futures contracts. The index introduces a new measure for hedging risk and going long the price of carbon while supporting responsible investing. Currently, the index covers the major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA) and the Regional Greenhouse Gas Initiative (RGGI).

KRBN tracks the IHS Markit Global Carbon Index.

No, KRBN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, KRBN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KRBN is -0.0544%. This is the percent change in the value of KRBN over the most recent 1-month period. The 3-month return on KRBN is -0.1039%. This is the percent change in the value of KRBN over the most recent 3-month period.

The standard deviation of KRBN for the past year is 0.3587%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KRBN include PSK, PGX, and PFF.

ETFs correlated to KRBN include ICOW, DFIV, and IVLU.

ETFs that are inversely correlated to KRBN include EPV, UUP, and EUO.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.