KRBN vs. BDCZ ETF Comparison
Comparison of KFA Global Carbon ETF (KRBN) to ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 (BDCZ)
KRBN
KFA Global Carbon ETF
KRBN Description
The KFA Global Carbon ETF (the “Fund”) seeks to provide a total return that, before fees and expenses, exceeds that of the IHS Markit Global Carbon Index (the ‘‘Index’’) over a complete market cycle. KRBN is benchmarked to IHS Markit’s Global Carbon Index, which offers broad coverage of cap-and-trade carbon allowances by tracking the most traded carbon credit futures contracts. The index introduces a new measure for hedging risk and going long the price of carbon while supporting responsible investing. Currently, the index covers the major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA) and the Regional Greenhouse Gas Initiative (RGGI).
Grade (RS Rating)
Last Trade
$30.71
Average Daily Volume
50,201
1
BDCZ
ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041
BDCZ Description
The ETRACS Wells Fargo® Business Development Company Index ETN Series B due April 26, 2041 are senior unsecured debt securities issued by UBS AG (UBS) that provide exposure to the performance of the Wells Fargo® Business Development Company Index. The index is intended to measure the performance of all business development companies listed on the NYSE or NASDAQ that satisfy specified market capitalization and other eligibility requirements. It refer to the business development companies (“BDCs”) included in the Wells Fargo® Business Development Company Index as the “index constituents.” The index is a proprietary index of Wells Fargo Securities, LLC.Grade (RS Rating)
Last Trade
$19.18
Average Daily Volume
2,865
23
Performance
| Period | KRBN | BDCZ |
|---|---|---|
| 30 Days | -4.42% | 1.81% |
| 60 Days | -4.75% | 6.89% |
| 90 Days | -8.19% | -2.45% |
| 12 Months | -14.88% | 18.30% |
0 Overlapping Holdings
| Symbol | Grade | Weight in KRBN | Weight in BDCZ | Overlap |
|---|
KRBN Overweight 1 Positions Relative to BDCZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| KCSH | C | 35.75% |
KRBN Underweight 23 Positions Relative to BDCZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| ARCC | A | -17.86% | |
| FSK | A | -11.43% | |
| MAIN | A | -5.85% | |
| PSEC | C | -5.48% | |
| TSLX | B | -4.71% | |
| GBDC | B | -4.5% | |
| GSBD | D | -4.48% | |
| HTGC | B | -4.42% | |
| NMFC | F | -3.68% | |
| OCSL | D | -3.54% | |
| TCPC | F | -2.36% | |
| CGBD | B | -2.28% | |
| BCSF | A | -2.09% | |
| SLRC | C | -2.05% | |
| NEWT | D | -1.96% | |
| CSWC | B | -1.82% | |
| BBDC | A | -1.72% | |
| GAIN | B | -1.69% | |
| TPVG | F | -1.57% | |
| PFLT | A | -1.45% | |
| PNNT | B | -1.4% | |
| FDUS | C | -1.28% | |
| GLAD | A | -1.22% |
KRBN: Top Represented Industries & Keywords
BDCZ: Top Represented Industries & Keywords
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