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ETFs

KraneShares Global Carbon Offset Strategy ETF

KSET
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 27 2022
Expense Ratio
0.79%
Type
Global Commodities & Metals
Fund Owner
Krane Shares
Volume (1m avg. daily)
$19,235
AUM
$947,295
Associated Index
S&P GSCI Global Voluntary Carbon Liquidity Weighted Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash
88.06%
GVMXX
STATE ST INST US GOV
11.94%
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 MDLV, BSVO, BBLB

KSET
KraneShares Trust - KraneShares Global Carbon Offset Strategy ETF
MDLV
EA Series Trust - Morgan Dempsey Large Cap Value ETF
BSVO
EA Series Trust - EA Bridgeway Omni Small-Cap Value ETF
BBLB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF
YCS
ProShares Trust - ProShares UltraShort Yen -2x Shares
AMZD
Direxion Shares ETF Trust - Direxion Daily AMZN Bear 1X Shares
KBWP
Invesco Capital Management LLC - Invesco KBW Property & Casualty Insurance ETF
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
BDRY
ETF Managers Group Commodity Trust I - Breakwave Dry Bulk Shipping ETF
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
IAK
BlackRock Institutional Trust Company N.A. - iShares U.S. Insurance 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

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 -0.2368%. This is the percent change in the value of KSET over the most recent 1-month period. The 3-month return on KSET is -0.5993%. This is the percent change in the value of KSET over the most recent 3-month period.

The standard deviation of KSET for the past year is 0.8049%. 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 KSET include AMLP, AMJ, and PSK.

ETFs correlated to KSET include MDLV, BSVO, and BBLB.

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

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.