Gold is one of the largest global markets and is often used as an alternative investment during market uncertainty. However, investors may not realize that carbon credits also represent an asset class that has historically delivered competitive, uncorrelated returns relative to US equities1 and is structurally designed for future growth. Our flagship carbon ETF, KRBN, was the first US-listed ETF to combine the largest carbon allowance markets into a single investable fund and has since grown into the most liquid carbon ETF globally2. We also offer targeted exposure to the California Carbon Allowances (CCA) cap-and-trade program with our California carbon ETF, KCCA.
Financial markets are becoming increasingly unpredictable, and having a disciplined, research-driven investment strategy is critical to navigating volatility and protecting capital. Managed futures strategies are designed to adapt to shifting market conditions utilizing trend following. Our managed futures ETF, KMLM, is sub-advised by Mount Lucas Management—the firm that established the first passive index to measure futures market risk-bearing in 19883. Our strategies are powered by decades of quantitative research from our industry-leading subadvisors and partners.
Our experienced team of financial professionals move beyond traditional indexing to solve modern investor problems. Our hedged equity ETF, KSPY, provides a data-centric approach to managing the inherent risks of US equities. Developed in partnership with Hedgeye Asset Management, KSPY tracks an index powered by proprietary Risk Range™ Signals. KSPY offers a way to maintain equity exposure while dynamically adjusting to market signals. This makes it an ideal hedged equity ETF for investors who want to participate in US market growth but are wary of significant downside drawdowns.
1. Data from Bloomberg based on a 0.3 correlation between the S&P Global Carbon Credit Index and the S&P 500 Index (i.e., US Equities) as of 7/30/2020 (KRBN inception) to 12/31/2025. Past performance does not guarantee future results.
2. Data from Bloomberg as of 12/31/2025.
3. Data from Mount Lucas Management.
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