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Launched · SEC filings

KraneShares Global Carbon Strategy ETF

KRBNNYSE ArcaKraneSharesF

$35.16+0.12 (+0.34%)

As of Nov 10, 2026, 11:16 AM ET

F14/ 100

Rank 23 of 23 in Broad Commodity Futures

F14/100Rank 23 of 23inBroad Commodity Futures
Intraday session: up, 22 prints from 35.04 to 35.16. Range 34.83 to 35.16. Use the arrow keys to read each point.34.8534.9034.9535.0035.1010 AM12 PM2 PM4 PM
Expense ratio
0.91%
Fund size
$137M
1Y total return
+6.1%
Yield · Last 12 months
1.92%
Holdings
6
Avg volume · 30D
23.1K sh
52W range
low $27.00high $36.50
Launched
Filings
SEC EDGAR

The ETF.net KRBN Grade

Based on 4 of 6 pillars

F

Score 14 out of 100

Category
Broad Commodity Futures⁠
Rank
23 of 23
Six-pillar profile for KRBN. Scores out of 100: Cost 14, Risk 13, Mission not scored, Tradability 11, Holdings not scored, Durability 35. Strongest: Durability (35). Weakest: Tradability (11). Based on 4 of 6 pillars.

Score 14 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F14 out of 100
    Rank 20 of 23

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F13 out of 100
    Rank 20 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F11 out of 100
    Rank 22 of 23

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D35 out of 100
    Rank 18 of 23

Our read on KRBN

ETF.net Research

In short

FMost commodity funds hold oil, copper and corn. KRBN holds the right to pollute: futures on emission allowances from major cap-and-trade programs worldwide, bundled into one index-tracking fund.

Stated mandate

The Fund seeks to track the S&P Global Carbon Credit Index, which consists of futures contracts on emission allowances issued under various cap-and-trade regulatory regimes.

Why people hold it

  • Buys carbon itself. The portfolio is futures on emission allowances issued under cap-and-trade regimes, a price shaped by regulators capping supply rather than by drilling or harvests.kraneshares.com
  • Global by design. The S&P Global Carbon Credit Index spans multiple regulatory regimes, so no single government's rulebook sets the whole portfolio.
  • Running since 2020, and rules-based: an index defines what it holds, in an ETF wrapper instead of a futures account with margin calls.

Worth knowing

  • The 0.91% expense ratio sits well above the diversified commodity baskets it's grouped with, such as BCI and CMDY. Niche exposure, niche price.
  • Thinly traded next to the big broad-commodity funds, so spreads can run wider and sizable orders deserve more care at the screen.
  • One theme, set by policy. Allowance prices turn on regulatory decisions, so this can move on its own schedule while the rest of the commodity complex sits still.

KRBN Performance

Launched Jul 29, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
KRBN$10,615
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. KRBN $10,615. SPY $11,339. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for KRBN. Periods over one year show the average yearly return.
PeriodKRBN
Year to date−1.0%
1 month+2.2%
3 months+1.5%
1 year+6.1%
3 yearsper year+3.2%
5 yearsper year+3.7%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for KRBN
YearReturn barKRBN
2026 YTD−1.0%
2025+23.1%
2024−13.5%
2023+8.0%
2022−12.4%
2021+107.7%
2020+20.9%

History from Jul 31, 2020

KRBN in the news

KRBN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
1.92%Last 12 months
Payout per share
$0.67Last 12 months
Last payment
$0.67 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 6 payments from 2021 to 2026 YTD. Dec 29, 2021 $0.25; Dec 28, 2022 $8.36; Jun 28, 2023 $1.64; Dec 18, 2023 $1.13; Dec 17, 2024 $2.08; Dec 22, 2025 $0.67. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 23, 2025$0.67
Dec 17, 2024Dec 18, 2024$2.08
Dec 18, 2023Dec 20, 2023$1.13
Jun 28, 2023Jun 30, 2023$1.64
Dec 28, 2022Dec 30, 2022$8.36
Dec 29, 2021Dec 31, 2021$0.25

$10,000 in KRBN 5 years ago paid $3,194 in dividends.

KRBN Risk

Risk pillarF13 out of 100Rank 20 of 23 in Broad Commodity Futures
How much the fund’s monthly returns vary, scaled to a year.
18.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.02
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−36.4%
Trough Mar 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.09
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

KRBN Cost

Compare KRBN and SDMF

Overpaying vs SDMF, cheapest in Broad Commodity Futures

$12,850

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KRBN 0.91%

    $17,207

  • SDMF 0.21% Cheapest

    $4,357

$10,000
30 years

Cost over time

  • KRBN 0.91%
  • SDMF 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530KRBN $17,207SDMF $4,357

Year by year

YearKRBNSDMFOverpaying
10$1,610$383$1,227
20$6,076$1,491$4,585
30$17,207$4,357$12,850

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