KEUA Performance — KraneShares European Carbon Allowance Strategy ETF
Data updated: 2026-02-27
KEUA returned +33.38% over one year to Dec 2025. The annualised 3-year return is +2.73%. Against its Alternative category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $108, against $175 for the category, and to $133 over one year, against $111. Volatility over the past three years was 28.81% a year. In the 12 months to Dec 2025 the fund lost a net $2.9M, and assets reached $7.74M.
KEUA Growth of $100
What $100 invested in KraneShares European Carbon Allowance Strategy ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | KEUA | Category average |
|---|---|---|
| 1 year (Jan 2025 – Dec 2025) | $133 | $111 |
| 3 years (Jan 2023 – Dec 2025) | $108 | $175 |
| Since data start (Oct 2021 – Dec 2025) | $146 | $153 |
KEUA Trailing Returns
Total returns to Dec 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +33.38% |
| 3 years (annualised) | +2.73% |
KEUA Annual Returns
Calendar-year total returns of KraneShares European Carbon Allowance Strategy ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 | +33.38% |
| 2024 | −15.31% |
| 2023 | −4.01% |
| 2022 | −0.58% |
| 2021 (Oct–Nov) | +35.10% |
KEUA Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | −0.2% | −15.4% | +15.4% | +1.1% | +5.9% | +1.9% | +3.9% | +3.1% | +3.2% | +3.2% | +6.7% | +3.0% |
| 2024 | +10.7% | −13.0% | −20.7% | −10.5% | +10.5% | +9.0% | −5.5% | +4.4% | +3.3% | +1.5% | +2.3% | −2.7% |
| 2023 | −5.2% | +4.0% | +12.4% | +12.9% | −10.6% | −3.7% | −7.6% | −2.7% | −1.4% | +11.0% | −7.1% | −2.3% |
| 2022 | −7.8% | −7.6% | +9.3% | +6.1% | −0.1% | +7.1% | −18.4% | +0.4% | −13.6% | −2.1% | +12.2% | +21.0% |
| 2021 | — | — | — | — | — | — | — | — | — | +7.5% | +25.6% | — |
KEUA Risk
Risk measures from monthly returns over Jan 2023 – Dec 2025.
- 3-year volatility (annualised): 28.81%
- 3-year Sharpe ratio: -0.06 (vs 4.5% risk-free rate)
- Best month: +15.39% (Mar 2025)
- Worst month: −20.66% (Mar 2024)
KEUA Fund Flows
Monthly money in and out of KraneShares European Carbon Allowance Strategy ETF, from SEC Form N-PORT.
- 12-month net flow: −$2.9M
- 12-month gross sales (incl. reinvestments): −$193K
- Sales ÷ redemptions: -0.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2025 | $0 | $0 | $0 |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $36K | $0 | $36K |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | −$230K | $0 | −$230K |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $266 | $1.0M | −$1.0M |
| May 2025 | $0 | $0 | $0 |
| Apr 2025 | $68 | $608K | −$608K |
| Mar 2025 | $0 | $0 | $0 |
| Feb 2025 | $0 | $0 | $0 |
| Jan 2025 | $483 | $1.1M | −$1.1M |
KEUA Assets Under Management
Net assets of KraneShares European Carbon Allowance Strategy ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-12-31 | $7.74M |
| 2025-09-30 | $6.98M |
| 2025-06-30 | $6.31M |
| 2025-03-31 | $7.36M |
| 2024-12-31 | $8.63M |
| 2024-09-30 | $9.29M |
| 2024-06-30 | $11.40M |
| 2024-03-31 | $11.64M |
| 2023-12-31 | $18.69M |
| 2023-09-30 | $21.22M |
| 2023-06-30 | $27.25M |
| 2023-03-31 | $31.47M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.