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KRBN

GradeFNew York Stock Exchange Arca

KraneShares Global Carbon Strategy ETF

Commodities · KraneShares · Inception 2020-07-29 · SEC filings

$33.77−0.65 (−1.87%)

As of Sep 23, 2026, 2:14 PM EDT

Intraday session: down, 29 prints from 34.41 to 33.77. Range 33.63 to 34.00. Use the arrow keys to read each point.$33.60$33.70$33.90$34.0010 AM12 PM2 PM4 PM
Expense ratio
0.91%
Fund size
$139M
1Y return
+7.0%
Yield · Last 12 months
1.96%
Holdings
15
Volume · 30D
0M sh
NAV per share
$34.20
52W range
low $27.00high $36.50

The ETF.net KRBN Grade

F

16/ 100

Rank 23 of 23 in Broad Commodity Futures⁠

Confidence Medium

Six-pillar profile for KRBN. Scores out of 100: Cost 18, Risk 11, Mission not scored, Tradability 12, Holdings not scored, Durability 35. Strongest: Durability (35). Weakest: Risk (11). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 16 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 18
    Category rank19/23 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 11
    Category rank22/23 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 12
    Category rank22/23 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 35
    Category rank19/23 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on KRBN

ETF.net Research

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

  1. 01Buys 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
  2. 02Global by design. The S&P Global Carbon Credit Index spans multiple regulatory regimes, so no single government's rulebook sets the whole portfolio.
  3. 03Running 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

  1. 01The 0.91% expense ratio sits well above the diversified commodity baskets it's grouped with, such as BCI and CMDY. Niche exposure, niche price.
  2. 02Thinly traded next to the big broad-commodity funds, so spreads can run wider and sizable orders deserve more care at the screen.
  3. 03One 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 Holdings

As of Sep 21, 2026, 3:49 AM
Asset class
Other
Holdings
15
Top-10 weight
100%
Largest holding
KCSH48.2%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001KCSHKraneShares Sustainable Ultra Short Duration Index ETF48.15%2,683,000$67M2
002—S&P CARBON CREDIT EUA TOTAL RETURN INDEX27.83%41,677,000$39M1
003—Cash9.85%13,770,898$14M104
004GVMXXSTATE ST INST US GOV8.86%12,385,245$12M53
005—BRITISH STERLING POUND3.89%4,074,257$5M13
006—EURO1.41%1,721,073$2M183

Showing 1–6 of 6 holdings

KRBN Performance

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

KRBN$10,701
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. KRBN $10,701. SPY $11,723. Use the arrow keys to read each point.$8,238$10,130$12,023Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−2.8%
1 month−0.5%
3 months+1.6%
1 year+7.0%
3 years+1.4%per year
5 years+4.6%per year
10 yearsFund is under 10 years old—per year

As of the close, 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−2.8%
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

ETF.net Research hasn’t filed on KRBN yet — coverage lands here as it’s written.

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 Sep 22, 2026.
1.96%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

KRBN Risk

How much the fund’s monthly returns vary, scaled to a year.
18.5%
Annualised · 36 months to Aug 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.
−0.09
vs 3-month T-bills · to Aug 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.

KRBN Cost

Expense ratio0.91%
  • The middle half of Broad Commodity Futures funds
  • Median 0.72%

16 of the 21 Broad Commodity Futures funds charge less.

KRBN costs $91.00 a year on $10,000. The median Broad Commodity Futures fund costs $72.00.