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
309.7 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) | $314 |
| 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 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.5% | 2.3% | -5.3% | -4.5% | 9.3% | -- | -- | 9.7% |
| Dividend Yield | 0.0% | 7.8% | 5.2% | 11.7% | 8.0% | -- | -- | 7.7% |
| Total Returns | 10.5% | 10.1% | -0.1% | 7.2% | 17.2% | -- | -- | 17.4% | Ann. Volatility | 20.1% | 20.4% | 21.6% | 22.8% | 29.3% | -- | -- | 29.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 14% |
| MSCI EAFE | 0.51 | 14% |
| MSCI Emg Mkts | 0.16 | 1% |
Liquidity Measures
| Avg. volume (000) | 37 |
| ADV traded (mns) | $1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.64% |
Technical Indicators
| Recent close | $33.51 |
| 30d moving avg. | $33.05 |
| Annualized volatility | 20.9% |
| Relative strength (RSI) | 62 |
| Short interest | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based Risk Management Derivatives ETFs |
| # of ETFs | 13 |
| Avg. Expense Ratio | 81.2 bp |
| Std. Deviation | 19.8 bp |
| KRBN (79 bp) Percentile rank | 46 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KRBN | 79.0 | 64.3 | 143.3 |
| Peer Avg. | 81.2 | 18.1 | 99.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .