KRBN vs. UCIB ETF Comparison
Comparison of KFA Global Carbon ETF (KRBN) to ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038 (UCIB)
KRBN
KFA Global Carbon ETF
KRBN Description
The KFA Global Carbon ETF (the “Fund”) seeks to provide a total return that, before fees and expenses, exceeds that of the IHS Markit Global Carbon Index (the ‘‘Index’’) over a complete market cycle. KRBN is benchmarked to IHS Markit’s Global Carbon Index, which offers broad coverage of cap-and-trade carbon allowances by tracking the most traded carbon credit futures contracts. The index introduces a new measure for hedging risk and going long the price of carbon while supporting responsible investing. Currently, the index covers the major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA) and the Regional Greenhouse Gas Initiative (RGGI).
Grade (RS Rating)
Last Trade
$30.85
Average Daily Volume
113,996
1
UCIB
ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038
UCIB Description
The ETRACS UBS Bloomberg Constant Maturity Commodity Index Total Return ETN Series B are senior unsecured debt securities issued by UBS that provide exposure to potential price appreciation in the UBS Bloomberg Constant Maturity Commodity Index Total Return. The index is designed to be a diversified benchmark for commodities as an asset class. It is comprised of futures contracts on 27 components, representing 24 commodities, with up to five different maturities for each individual commodity. The overall return on the index is generated by two components: uncollateralized returns on the futures contracts comprising the index and a daily fixed-income return.Grade (RS Rating)
Last Trade
$25.32
Average Daily Volume
4,825
2
Performance
Period | KRBN | UCIB |
---|---|---|
30 Days | 7.27% | 3.23% |
60 Days | -2.00% | 2.52% |
90 Days | -15.11% | 3.84% |
12 Months | -20.26% | 5.77% |
0 Overlapping Holdings
Symbol | Grade | Weight in KRBN | Weight in UCIB | Overlap |
---|
KRBN Overweight 1 Positions Relative to UCIB
Symbol | Grade | Weight | |
---|---|---|---|
SCHO | B | 1.77% |
KRBN: Top Represented Industries & Keywords
UCIB: Top Represented Industries & Keywords