KRBN vs VFL

Comparison between KRANESHARES GLOBAL CARBON STRATEGY ETF (KRBN, ETF) and abrdn National Municipal Income Fund (VFL, ETF).

5-Year PerformanceKRBN has outperformed VFL, delivering a return of +7.3% compared to -1.3%

KRBN vs VFL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KRBN(ETF)	VFL(ETF)
Net Assets	$138M	$139M
Expense Ratio	0.90%	N/A
Max Drawdown	53.83%	55.62%
Sharpe Ratio	0.66	1.04
5Y Beta	0.20	0.12
5Y Dividends CAGR	N/A	1.77%

Net Assets

KRBN

$138M

Winner

VFL

$139M

Expense Ratio

KRBN

0.90%

VFL

N/A

Max Drawdown

Winner

KRBN

53.83%

VFL

55.62%

Sharpe Ratio

KRBN

0.66

Winner

VFL

1.04

5Y Beta

KRBN

0.20

Winner

VFL

0.12

5Y Dividends CAGR

KRBN

N/A

VFL

1.77%

KRBN vs VFL - Historical Returns

Returns include dividend reinvestment.

Period	KRBN	VFL
1 month	+0.62%	+1.47%
3 months	+9.79%	+3.12%
6 months	-1.67%	+3.73%
1 year	+16.19%	+12.72%
5 years(CAGR)	+7.32%	-1.32%
10 years(CAGR)	N/A	+1.25%
Max(CAGR)	+16.32%	+4.77%

KRBN

+0.62%

Winner

VFL

+1.47%

Winner

KRBN

+9.79%

VFL

+3.12%

KRBN

-1.67%

Winner

VFL

+3.73%

Winner

KRBN

+16.19%

VFL

+12.72%

5Y(CAGR)

Winner

KRBN

+7.32%

VFL

-1.32%

10Y(CAGR)

KRBN

N/A

VFL

+1.25%

Max(CAGR)

Winner

KRBN

+16.32%

VFL

+4.77%

KRBN vs VFL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	KRBN	VFL
2026	-4.67%	+3.89%
2025	+22.00%	+5.97%
2024	-10.15%	+3.50%
2023	+8.14%	+2.56%
2022	-15.02%	-23.16%
2021	+101.38%	+12.13%
2020	+22.60%	+3.56%
2019	N/A	+15.05%
2018	N/A	-6.32%
2017	N/A	+5.40%
2016	N/A	+5.52%
2015	N/A	+6.09%
2014	N/A	+18.44%
2013	N/A	-13.74%
2012	N/A	+14.02%
2011	N/A	+11.07%
2010	N/A	+2.14%
2009	N/A	+34.94%
2008	N/A	-20.25%
2007	N/A	-11.93%
2006	N/A	-5.69%
2005	N/A	+2.50%
2004	N/A	+13.26%
2003	N/A	+13.11%
2002	N/A	+12.72%
2001	N/A	+12.08%
2000	N/A	+16.39%
1999	N/A	-2.03%

KRBN vs VFL Drawdown Comparison

The maximum drawdown for KRBN was -36.42%, occurring on Mar 7, 2022. This drawdown has not yet recovered.

The maximum drawdown for VFL was -45.26%, occurring on Dec 4, 2008. Recovery took 1399 trading sessions.

The current KRBN drawdown is -11.92%. The current VFL drawdown is -8.04%.

Rank	KRBN	VFL
#1	-36.42% Feb 4, 2022 - Mar 7, 2022	-45.26% Mar 7, 2006 - Sep 23, 2011
#2	-16.66% Sep 14, 2020 - Dec 2, 2020	-39.04% Dec 22, 2021 - Oct 25, 2023
#3	-14.19% Dec 8, 2021 - Feb 2, 2022	-29.96% Mar 4, 2020 - Jan 21, 2021
#4	-10.67% May 14, 2021 - Jun 30, 2021	-22.70% Dec 6, 2012 - Jan 15, 2015
#5	-10.09% Jul 1, 2021 - Aug 11, 2021	-16.39% Feb 4, 2004 - Oct 25, 2004
#6	-10.05% Oct 5, 2021 - Nov 10, 2021	-14.76% Jul 9, 2003 - Dec 17, 2003
#7	-8.38% Jan 7, 2021 - Feb 3, 2021	-14.66% Jan 5, 2005 - Jun 7, 2005
#8	-6.67% Aug 16, 2021 - Aug 27, 2021	-13.51% Jul 8, 2016 - May 10, 2019
#9	-6.18% Aug 28, 2020 - Sep 14, 2020	-13.37% Sep 2, 2005 - Mar 7, 2006
#10	-6.12% Mar 17, 2021 - Apr 12, 2021	-8.91% Sep 9, 2002 - Apr 30, 2003
#11	-5.30% Feb 12, 2021 - Mar 10, 2021	-8.00% Aug 20, 2019 - Feb 18, 2020
#12	-3.72% Sep 8, 2021 - Sep 24, 2021	-6.54% Nov 2, 1999 - Jun 21, 2000
#13	-3.65% Aug 5, 2020 - Aug 24, 2020	-6.07% Sep 28, 2011 - Jan 12, 2012
#14	-3.40% Aug 11, 2021 - Aug 16, 2021	-5.48% Feb 2, 2015 - Oct 28, 2015
#15	-3.24% Dec 15, 2020 - Dec 24, 2020	-5.45% Jun 7, 2005 - Aug 22, 2005

Correlation

Correlation between KRBN and VFL is -0.11 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.11

-101

Dividend Comparison (1999 - 2026)

KRBN vs VFL dividend yield comparison.

Year	KRBN	VFL
2026	0.00%	3.14%
2025	1.90%	5.84%
2024	7.10%	5.31%
2023	7.60%	4.43%
2022	22.91%	5.21%
2021	0.49%	4.42%
2020	0.00%	4.32%
2019	0.00%	5.14%
2018	0.00%	5.04%
2017	0.00%	4.60%
2016	0.00%	5.32%
2015	0.00%	5.97%
2014	0.00%	5.77%
2013	0.00%	5.95%
2012	0.00%	4.13%
2011	0.00%	4.18%
2010	0.00%	4.30%
2009	0.00%	4.15%
2008	0.00%	6.28%
2007	0.00%	5.92%
2006	0.00%	6.45%
2005	0.00%	7.56%
2004	0.00%	6.49%
2003	0.00%	6.35%
2002	0.00%	5.95%
2001	0.00%	5.00%
2000	0.00%	5.71%
1999	0.00%	1.05%