KRBN
KraneShares Global Carbon Strategy ETF
KRBN is an actively-managed ETF that aims to outperform a carbon credit futures index by selecting the most liquid contracts and managing debt instruments.
Risk Management
DERIVATIVES
Rules-Based
MANAGEMENT STYLE
$ 142.8 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | CICC |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Jul 30, 2020 |
| Assets (mns) | $0 |
| Expense ratio | 79 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 01/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -7.3% | 5.9% | 1.8% | -6.0% | 5.6% | -- | -- | 9.3% |
| Dividend Yield | 0.0% | 2.0% | 4.8% | 5.4% | 8.1% | -- | -- | 7.6% |
| Total Returns | -7.3% | 7.9% | 6.6% | -0.6% | 13.7% | -- | -- | 16.9% | Ann. Volatility | 27.8% | 18.9% | 21.0% | 21.3% | 28.6% | -- | -- | 28.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.11 | 1% |
| MSCI EAFE | 0.28 | 6% |
| MSCI Emg Mkts | 0.26 | 6% |
Liquidity Measures
| Avg. volume (000) | 55 |
| ADV traded (mns) | $2 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.54% |
Technical Indicators
| 30d moving avg. (EMA) | $34.21 |
| Relative strength (RSI) | 40 |
| MACD/Signal | -0.68/-0.34 |
| Bollinger Bands (Upper/Lower) | $37.18/$31.77 |
| Short interest (% of AUM) | 0.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Bid/Ask Spreads
54 bp
AVG SPREAD
18 —
131 bp
RANGE