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KRBN vs SDMF

KraneShares Global Carbon Strategy ETF

KRBNFNYSE Arca

Simplify DBi CTA Managed Futures Index ETF

SDMFBNYSE Arca

Overlap

Expense ratio

SDMF −0.70pt a year

KRBN0.91%SDMF0.21%

Avg volume · 30D

SDMF 1.05×the volume

KRBN23.1KSDMF24.2K

KRBN vs SDMF Performance

Aug 7, 2026 – Nov 9, 2026

+1.5%KRBN+1.6%SDMF

Aug 7, 2026 to Nov 9, 2026. KRBN +1.5%. SDMF +1.6%. Use the arrow keys to read each point.−2.5%5%7.5%Aug 2026Sep 2026Nov 2026
Expense ratio
KRBN 0.91%
SDMF 0.21%, better
Fund size
KRBN $137M
SDMF $51M
1Y total return
KRBN +6.1%
SDMF No data
Yield (12M)
KRBN 1.92%
SDMF No data
Holdings
KRBN 6
SDMF 29
Avg volume (30D)
KRBN 23.1K sh
SDMF 24.2K sh, better
NAV per share
KRBN $34.74
SDMF $26.27
52W range

ETF.net Grade

KRBN: Cost 14, Risk 13, Mission not scored, Tradability 11, Holdings not scored, Durability 35. SDMF: Cost 100, Risk 68, Mission not scored, Tradability 37, Holdings 31, Durability 30.
Pillar letters and Scores for KRBN, SDMF, with each pillar’s weight
PillarKRBNSDMF
Cost30% weightF14A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightF13B68Higher
Tradability15% weightF11D37Higher
Holdings10% weightNot scoredD31
Durability5% weightD35HigherD30

Rank among Broad Commodity Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. KRBN and SDMF are both graded against the same 22 Broad Commodity Futures funds, so their Grades compare head to head.

Broad Commodity Futures⁠

Category · 22 funds
See all 22 ›

SDMF ranks 5th and KRBN 22nd of 22 funds in the Broad Commodity Futures Category.

  1. Rank 3BCOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFScore 69
  2. Rank 5BSDMFSimplify DBi CTA Managed Futures Index ETFScore 67
  3. Rank 6BBCDabrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETFScore 64
  4. Rank 21DDBPInvesco DB Precious Metals FundScore 30
  5. Rank 22FKRBNKraneShares Global Carbon Strategy ETFScore 14

Our read on each fund

ETF.net Research

KRBNFKraneShares Global Carbon Strategy ETF

SDMFBSimplify DBi CTA Managed Futures Index ETF

In short

KRBN Most 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.

SDMF Managed futures without the hedge fund bill. SDMF tracks an index built to replicate what CTA trend funds are actually doing, using a short list of liquid futures markets, for 0.35% a year.

Stated mandate

KRBN 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.

SDMF The Fund seeks long-term capital appreciation.

Why people hold it

  • KRBN 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.
  • SDMF Charges 0.35%, roughly half the typical fee among futures-strategy funds in its group. Cheap shelf space for a strategy that usually arrives with hedge fund pricing.
  • Rules over hunches: it follows the DBi CTA Managed Futures Index and its advertised 10-factor replication approach, not a trader's discretion.simplify.us
  • Its cohort is mostly long-only commodity baskets (BCI, CMDY). This one is a managed futures strategy, which can lean either direction across futures markets.
  • Ordinary 1940 Act ETF plumbing: daily pricing, intraday trading, no lockup or subscription paperwork.

Worth knowing

  • KRBN 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.
  • SDMF Launched in 2026, so there is no long record here and the risk picture rests on limited history.
  • A small fund that has traded lightly since launch, so spreads can run wider than the big commodity index names in its category.
  • The stated goal is long-term capital appreciation, and payouts come once or twice a year at most. Not built as an income stream.

Full KRBN profile⁠

Full SDMF profile⁠

KRBN vs SDMF Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KRBN vs SDMF Cost

Overpaying KRBN vs SDMF

$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%

    $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

Expense ratio

  • 0.91%KRBN
  • 0.21%SDMF, cheaper
  • Middle half of Broad Commodity Futures funds
  • Median 0.67%

SDMF cheapest of 22 funds

KRBN 19th cheapest of 22 funds

KRBN vs SDMF Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
KRBN 1.92%
SDMF No data
Payout (12M)
KRBN $0.67
SDMF No data
Last payment
KRBN $0.67
SDMF $0.10
Ex-dividend
KRBN Dec 22, 2025
SDMF Sep 25, 2026
Paid on
KRBN Dec 23, 2025
SDMF Sep 30, 2026
Frequency
KRBN Annual
SDMF Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

KRBNAnnual · 6 paymentsAll KRBN payments⁠
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.$0$520232026YTD
SDMFQuarterly · 2 paymentsAll SDMF payments⁠
One bar per payment. 2 payments from 2021 to 2026 YTD. Jun 25, 2026 $0.10; Sep 25, 2026 $0.10. Use the arrow keys to read each point.$0$520232026YTD

KRBN vs SDMF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
KRBN 18.5%SDMF No data
Return per unit of riskSharpe ratio, 3 years
KRBN 0.02SDMF No data
Worst fallMax drawdown, 5 years
KRBN −36.4%SDMF No data
Market sensitivityBeta, 5 years
KRBN 0.09SDMF 0.27

KRBN and SDMF in the news

All news⁠

Popular comparisons

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    Expense ratio
    0.21% · 0.29%
    Category
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