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ETFs

Carbon Strategy ETF

KARB
$--
Today’s Change
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Snapshot
*

Inception Date
Sep 13 2022
Expense Ratio
0.75%
Type
Global Commodities & Metals
Fund Owner
Carbon Fund Advisors
Volume (1m avg. daily)
$2,689
AUM
$740,264
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.00%
n/a
Derivatives offset
-161.79%
Invest with KARB

What is KARB?

The Carbon Strategy ETF (NYSE: KARB) is an actively managed exchange-traded fund that uses as a reference index, the Carbon Streaming BITA Compliance Index, which is a rules-based index that tracks the performance of the compliance carbon markets through an allocation into a series of carbon allowance futures. The Fund invests in Carbon Futures from the United States and Europe.

ETFs related toKARB

ETFs correlated to KARB include KRBN, TCAF, BILZ

KARB
ETF Series Solutions Trust - Carbon Strategy ETF
KRBN
KraneShares ICAV - KraneShares Global Carbon Strategy ETF
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity ETF
BILZ
Pimco Exchange Traded Fund - PIMCO Ultra Short Government Active Exchange-Traded Fund
FXB
Rydex Investments - Invesco CurrencyShares British Pound Sterling Trust
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
EUFN
BlackRock Institutional Trust Company N.A. - iShares MSCI Europe Financials ETF
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
FDT
First Trust Exchange-Traded Fund III - First Trust Developed Markets ex-US AlphaDEX Fund
FEP
First Trust Exchange-Traded Fund III - First Trust Europe AlphaDEX Fund
FLGB
Franklin Templeton ETF Trust - Franklin FTSE United Kingdom ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

KARB is a Global Commodities & Metals ETF. The Carbon Strategy ETF (NYSE: KARB) is an actively managed exchange-traded fund that uses as a reference index, the Carbon Streaming BITA Compliance Index, which is a rules-based index that tracks the performance of the compliance carbon markets through an allocation into a series of carbon allowance futures. The Fund invests in Carbon Futures from the United States and Europe.

Yes, KARB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, KARB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KARB is -0.0054%. This is the percent change in the value of KARB over the most recent 1-month period. The 3-month return on KARB is 0.0092%. This is the percent change in the value of KARB over the most recent 3-month period.

The standard deviation of KARB for the past year is 0.2797%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KARB include PFF, PGF, and PGX.

ETFs correlated to KARB include KRBN, TCAF, and BILZ.

ETFs that are inversely correlated to KARB include PAAA, EPV, and UUP.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.