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KraneShares Global Carbon ETF (KRBN)



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Upturn Advisory Summary
08/14/2025: KRBN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit -30.79% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.5 | 52 Weeks Range 24.90 - 31.41 | Updated Date 06/30/2025 |
52 Weeks Range 24.90 - 31.41 | Updated Date 06/30/2025 |
Upturn AI SWOT
KraneShares Global Carbon ETF
ETF Overview
Overview
The KraneShares Global Carbon ETF (KRBN) tracks the IHS Markit Global Carbon Index, providing exposure to cap-and-trade carbon allowance futures. It focuses on carbon credits from emissions trading schemes, aiming to benefit from rising carbon prices as governments globally tighten emissions regulations. The fund provides access to the global carbon credit market, including EU Allowances (EUA), California Carbon Allowances (CCA) and UK Allowances (UKA).
Reputation and Reliability
KraneShares is a well-regarded ETF provider known for its China-focused and thematic ETFs. They have a solid track record in offering innovative investment solutions.
Management Expertise
KraneShares has a dedicated team with expertise in ETF management and a deep understanding of global markets, including carbon markets and environmental regulations.
Investment Objective
Goal
To provide investors with exposure to the global carbon credit market and potentially benefit from the rising price of carbon allowances.
Investment Approach and Strategy
Strategy: The ETF tracks the IHS Markit Global Carbon Index, which is designed to track the most liquid carbon credit futures contracts.
Composition The ETF primarily holds futures contracts for carbon allowances, including EUA, CCA, and UKA futures.
Market Position
Market Share: KRBN has a significant market share within the carbon credit ETF sector.
Total Net Assets (AUM): 1290000000
Competitors
Key Competitors
- iPath Series B Carbon ETN (GRN)
- Carbon Collective Climate Solutions U.S. Equity ETF (CCSO)
Competitive Landscape
KRBN dominates the carbon credit ETF market due to its first-mover advantage and higher liquidity. GRN provides an alternative structure as an ETN, while CCSO takes an equity-based approach. KRBN benefits from its direct exposure to carbon allowance futures and its generally higher trading volume, while GRN may offer certain tax advantages. CCSO offers exposure to companies developing climate solutions rather than direct carbon allowances.
Financial Performance
Historical Performance: Historical performance data unavailable, but the ETF's returns are closely tied to carbon allowance prices and market conditions.
Benchmark Comparison: The ETF's performance should closely track the IHS Markit Global Carbon Index. Deviations may occur due to tracking error and fund expenses.
Expense Ratio: 0.78
Liquidity
Average Trading Volume
KRBN typically has high average trading volume, making it relatively liquid for investors.
Bid-Ask Spread
The bid-ask spread for KRBN is generally tight, reflecting its high trading volume and liquidity.
Market Dynamics
Market Environment Factors
Economic conditions, government regulations regarding carbon emissions, and global climate change policies significantly impact KRBN's performance.
Growth Trajectory
The growth of KRBN is linked to increasing global efforts to reduce carbon emissions and the implementation of more stringent carbon pricing mechanisms. Changes in regulatory policies and carbon market dynamics can influence its holdings and strategy.
Moat and Competitive Advantages
Competitive Edge
KRBN's primary competitive advantage is its established presence as the largest carbon credit ETF, offering high liquidity and easy access to the global carbon allowance market. Its first-mover status provides significant brand recognition and a strong trading volume. The ETF benefits from increasing investor interest in environmental, social, and governance (ESG) investments and the growing momentum behind carbon pricing policies. Its tracking of a well-known index and established relationships with carbon market participants further strengthens its position.
Risk Analysis
Volatility
KRBN's price can be volatile due to fluctuations in carbon allowance prices and regulatory changes.
Market Risk
KRBN is exposed to market risk related to changes in carbon emission policies, economic downturns, and shifts in investor sentiment towards climate change initiatives.
Investor Profile
Ideal Investor Profile
The ideal investor for KRBN is someone who believes in the increasing importance of carbon pricing to address climate change and seeks exposure to the global carbon credit market. This includes ESG-focused investors, those seeking inflation hedge, and institutions looking to express a view on climate policy.
Market Risk
KRBN is suitable for long-term investors with a high risk tolerance and active traders looking to capitalize on short-term price movements in the carbon market.
Summary
The KraneShares Global Carbon ETF (KRBN) offers investors direct exposure to the global carbon allowance market through carbon credit futures. It tracks the IHS Markit Global Carbon Index and benefits from increasing global efforts to reduce carbon emissions. While it exhibits volatility due to regulatory changes and market dynamics, its first-mover advantage and high liquidity make it a popular choice for ESG-focused investors. However, its price performance is heavily reliant on the development of carbon pricing and its overall effect. It is suitable for investors looking to capitalize on the growing carbon market, while having a high risk tolerance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- KraneShares website
- ETF.com
- Bloomberg
- IHS Markit
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About KraneShares Global Carbon ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The advisor attempts to maintain exposure to carbon credit futures that are substantially the same as those included in the index. The index is designed to measure the performance of a portfolio of liquid carbon credit futures that require "physical delivery" of emission allowances issued under cap and trade regimes. It is non-diversified.

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