KEUA
KraneShares European Carbon Allowance Strategy ETF
KEUA tracks an index of EUA carbon credit futures. The index holds futures that mature in December of the next one or two years.
Exposure
DERIVATIVES
Rules-Based
MANAGEMENT STYLE
11.7 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | KraneShares |
| Category | Exposure |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Oct 05, 2021 |
| Assets (mns) | $12 |
| Expense ratio | 79 bp |
Fund Structure
| Regulation | |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.7% | -10.9% | -11.9% | -9.5% | -- | -- | -- | -28.3% |
| Dividend Yield | 0.0% | 7.6% | 6.7% | 4.5% | -- | -- | -- | 2.9% |
| Total Returns | 4.7% | -3.3% | -5.2% | -5.0% | -- | -- | -- | -25.4% | Ann. Volatility | 33.0% | 30.8% | 34.2% | 37.8% | -- | -- | -- | 56.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.20 | 1% |
| MSCI EAFE | 0.32 | 2% |
| MSCI Emg Mkts | -0.56 | 3% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.58% |
Technical Indicators
| Recent close | $23.63 |
| 30d moving avg. | $23.51 |
| Annualized volatility | 29.6% |
| Relative strength (RSI) | 55 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based Exposure Derivatives ETFs |
| # of ETFs | 2 |
| Avg. Expense Ratio | 91.5 bp |
| Std. Deviation | 12.5 bp |
| KEUA (79 bp) Percentile rank | 16 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KEUA | 79.0 | 57.8 | 136.8 |
| Peer Avg. | 108.5 | 53.0 | 161.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .