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ETFs

KraneShares Global Carbon Offset Strategy ETF

KSET
$--
Today’s Change
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Snapshot
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Inception Date
Apr 27 2022
Expense Ratio
0.79%
Type
Global Commodities & Metals
Fund Owner
Krane Shares
Volume (1m avg. daily)
$17,623
AUM
$1,435,505
Associated Index
S&P GSCI Global Voluntary Carbon Liquidity Weighted Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash
64.58%
GVMXX
STATE ST INST US GOV
35.42%
Invest with KSET

What is KSET?

KSET tracks the S&P GSCI Global Voluntary Carbon Liquidity Weighted Index, which provides broad coverage of the voluntary carbon market by tracking carbon offset futures contracts. These futures contracts include Nature-Based Global Emission Offsets (N-GEOs) and Global Emission Offsets (GEOs), which trade through the CME Group, the world's largest financial derivatives exchange. KSET is designed to dynamically add additional offset markets as they reach scale.

ETFs related toKSET

ETFs correlated to KSET include AUGW, GJUN, TCAF

KSET
KraneShares Trust - KraneShares Global Carbon Offset Strategy ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity 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

KSET is a Global Commodities & Metals ETF. KSET tracks the S&P GSCI Global Voluntary Carbon Liquidity Weighted Index, which provides broad coverage of the voluntary carbon market by tracking carbon offset futures contracts. These futures contracts include Nature-Based Global Emission Offsets (N-GEOs) and Global Emission Offsets (GEOs), which trade through the CME Group, the world's largest financial derivatives exchange. KSET is designed to dynamically add additional offset markets as they reach scale.

KSET tracks the S&P GSCI Global Voluntary Carbon Liquidity Weighted Index.

No, KSET is not actively managed. It is passively 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.

Yes, KSET is passively 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 KSET is 0.1098%. This is the percent change in the value of KSET over the most recent 1-month period. The 3-month return on KSET is -0.0196%. This is the percent change in the value of KSET over the most recent 3-month period.

The standard deviation of KSET for the past year is 0.9112%. 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 KSET include PFF, PGF, and PGX.

ETFs correlated to KSET include AUGW, GJUN, and TCAF.

ETFs that are inversely correlated to KSET include CGSD, JPLD, and BSCO.

Disclaimers

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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.