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KraneShares Global Carbon Offset Strategy ETF

KSET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 27 2022
Expense Ratio
0.79%
Type
Global Commodities & Metals
Fund Owner
Krane Shares
Volume (1m avg. daily)
$10,852
AUM
$2,092,010
Associated Index
S&P GSCI Global Voluntary Carbon Liquidity Weighted Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
Cash
99.94%
GVMXX
STATE ST INST US GOV
0.06%
Invest with KSET

What is KSET?

KSET tracks the S&P GSCI Global Voluntary Carbon Liquidity Weighted Index, which provides broad coverage of the voluntary carbon market by tracking carbon offset futures contracts. These futures contracts include Nature-Based Global Emission Offsets (N-GEOs) and Global Emission Offsets (GEOs), which trade through the CME Group, the world's largest financial derivatives exchange. KSET is designed to dynamically add additional offset markets as they reach scale.

ETFs related toKSET

ETFs correlated to KSET include RISR, TYO, AMZD

KSET
KraneShares Trust - KraneShares Global Carbon Offset Strategy ETF
RISR
Tidal ETF Trust - FolioBeyond Rising Rates ETF
TYO
Direxion Shares ETF Trust - Direxion Daily 7-10 Year Treasury Bear -3X Shares
AMZD
Direxion Shares ETF Trust - Direxion Daily AMZN Bear 1X Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
YCS
ProShares Trust - ProShares UltraShort Yen -2x Shares
BITI
ProShares Trust - ProShares Short Bitcoin Strategy ETF
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -3X Shares
TBF
ProShares Trust - ProShares Short 20+ Year Treasury -1x Shares
CTA
Simplify Exchange Traded Funds - Simplify Managed Futures Strategy 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.

Automated Strategies
Related toKSET

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with KSET using Composer

FAQ

KSET is a Global Commodities & Metals ETF. KSET tracks the S&P GSCI Global Voluntary Carbon Liquidity Weighted Index, which provides broad coverage of the voluntary carbon market by tracking carbon offset futures contracts. These futures contracts include Nature-Based Global Emission Offsets (N-GEOs) and Global Emission Offsets (GEOs), which trade through the CME Group, the world's largest financial derivatives exchange. KSET is designed to dynamically add additional offset markets as they reach scale.

KSET tracks the S&P GSCI Global Voluntary Carbon Liquidity Weighted Index.

No, KSET 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, KSET 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 KSET is -0.2353%. This is the percent change in the value of KSET over the most recent 1-month period. The 3-month return on KSET is -0.4022%. This is the percent change in the value of KSET over the most recent 3-month period.

ETFs similar to KSET include PGF, AMJ, and AOR.

ETFs correlated to KSET include RISR, TYO, and AMZD.

ETFs that are inversely correlated to KSET include PULT, CGSD, and CLTL.

Disclaimers

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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.