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KraneShares Global Carbon ETF(KRBN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for KRBN
11/06/2026: KRBN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
KRBN provides broad exposure to global carbon credit prices by tracking a basket of liquid futures contracts, primarily in Europe and North America. Its main strengths include its significant size, high liquidity, and unique role as a thematic access point to climate policy markets. It is best used as a tactical asset for investors looking to hedge regulatory climate risk or capitalize on rising emission costs. Potential investors must weigh the high volatility and total dependence on government policy against the potential for gains as global climate regulations tighten. It is most suitable for sophisticated investors who closely monitor carbon market developments.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While carbon prices may rise with stricter climate laws, this is a commodity-linked strategy, not a traditional equity growth asset. |
| Momentum investor | Strong fit while signal remains positive | Carbon markets often exhibit strong, sustained price trends driven by policy cycles, making them attractive for momentum strategies when moving upward. |
| Value investor | Weak fit | Carbon credits lack underlying cash flows or intrinsic value in the traditional sense, making standard valuation methods inapplicable. |
| Dividend/Income investor | Weak fit | The ETF does not pay dividends and is purely designed for capital appreciation based on commodity price changes. |
| Low-risk investor | Weak fit | The high volatility and regulatory dependence of carbon markets are unsuitable for investors seeking capital preservation. |
Investor Profile
Ideal Investor Profile
The ideal investor is an institutional or sophisticated retail participant seeking to hedge climate regulatory risk or speculate on the rising cost of industrial pollution.
Suitability
The fund is best suited for tactical, medium-term investors who monitor climate policy, rather than for long-term 'buy-and-hold' passive equity investors.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Carbon prices are highly sensitive to policy changes and energy demand, leading to sharp price swings. |
| Market risk | Medium / high | Global shifts in climate policy can lead to sudden, sustained corrections in carbon credit prices. |
| Concentration | Medium | The fund is concentrated in specific regional cap-and-trade markets, which can be affected by local political events. |
| Tracking/expense | Low | The fund generally tracks its index well, though futures-based investing involves costs related to contract rollovers. |
| Liquidity | Medium | While the ETF is liquid, the underlying futures markets can experience reduced liquidity during times of financial stress. |
| Business/sector quality | Medium | The viability of the asset depends entirely on the existence and enforcement of government carbon regulations. |
Risk Analysis
Volatility
KRBN exhibits high volatility, which is characteristic of speculative commodity-based assets tied to political outcomes.
Market Risk
The primary risk is regulatory risk, where the underlying carbon credits can be devalued by policy changes or emission cap adjustments.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Commodity | European Union Allowance (EUA) Carbon Futures | 65 | These credits represent the majority of global carbon market activity and drive the primary price action for the fund. |
| Commodity | California Carbon Allowance (CCA) Futures | 25 | This provides exposure to North American cap-and-trade programs, diversifying the fund's regulatory geography. |
| Commodity | Regional Greenhouse Gas Initiative (RGGI) Futures | 8 | Provides additional niche exposure to US Northeastern state carbon markets. |
| Cash/collateral | Cash and Cash Equivalents | 2 | Cash balances are held to manage collateral requirements for futures contracts. |
Analysis of Past Performance
Type ETF | Historic Profit -0.74% | Avg. Invested days 54 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/06/2026 |
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