VFL vs KRBN

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

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

VFL vs KRBN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

VFL

$139M

KRBN

$138M

Expense Ratio

VFL

N/A

KRBN

0.90%

Max Drawdown

VFL

55.62%

Winner

KRBN

53.83%

Sharpe Ratio

Winner

VFL

1.04

KRBN

0.66

5Y Beta

Winner

VFL

0.12

KRBN

0.20

5Y Dividends CAGR

VFL

1.77%

KRBN

N/A

VFL vs KRBN - Historical Returns

Returns include dividend reinvestment.

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

Winner

VFL

+1.47%

KRBN

+0.62%

VFL

+3.12%

Winner

KRBN

+9.79%

Winner

VFL

+3.73%

KRBN

-1.67%

VFL

+12.72%

Winner

KRBN

+16.19%

5Y(CAGR)

VFL

-1.32%

Winner

KRBN

+7.32%

10Y(CAGR)

VFL

+1.25%

KRBN

N/A

Max(CAGR)

VFL

+4.77%

Winner

KRBN

+16.32%

VFL vs KRBN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

VFL vs KRBN Drawdown Comparison

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

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

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

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

Correlation

Correlation between VFL and KRBN 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)

VFL vs KRBN dividend yield comparison.

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