- ISIN
- US06747C3227
- CUSIP
- 06747C322
- Issuer
- Barclays Capital
- Inception Date
- Sep 10, 2019
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Barclays Global Carbon II Index
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Assets Under Management
- $12M
Share Price Chart
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Performance
GRN Performance Chart
iPath Series B Carbon ETN (GRN) is down 8.6% since the beginning of the year. GRN is currently trading at $31 per share. Investors who bought $1,000 worth of GRN shares 5 years ago would now be looking at an investment worth $1,576.
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Returns By Period
iPath Series B Carbon ETN (GRN) has returned -8.60% so far this year and 9.03% over the past 12 months.
iPath Series B Carbon ETN
- 1D
- -0.42%
- 1M
- 8.55%
- YTD
- -8.60%
- 6M
- -4.48%
- 1Y
- 9.03%
- 3Y*
- 0.39%
- 5Y*
- 9.52%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
GRN Monthly Returns History
Based on dividend-adjusted daily data since Sep 10, 2019, GRN's average daily return is +0.10%, while the average monthly return is +1.81%. At this rate, an investment would double in approximately 3.2 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2021 with a return of +29.2%, while the worst month was Mar 2020 at -24.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GRN closed higher 51% of trading days. The best single day was Mar 8, 2022 with a return of +19.5%, while the worst single day was Mar 18, 2020 at -16.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.75% | -13.98% | 4.57% | 1.33% | 8.95% | -1.29% | -8.60% | ||||||
| 2025 | 14.68% | -14.98% | -3.63% | -1.81% | 5.46% | -1.28% | 4.91% | 1.01% | 4.21% | 3.92% | 6.18% | 2.83% | 20.33% |
| 2024 | -19.36% | -11.37% | 10.04% | 12.57% | 6.72% | -8.78% | 3.38% | 1.68% | -6.55% | -2.02% | 7.27% | 4.12% | -7.34% |
| 2023 | 13.62% | 7.16% | -7.24% | -5.12% | -6.35% | 11.12% | -2.74% | -0.44% | -5.08% | -2.11% | -11.14% | 8.79% | -2.99% |
| 2022 | 11.12% | -8.27% | -6.79% | 9.15% | 0.40% | 6.40% | -11.81% | 2.59% | -17.99% | 21.75% | 7.96% | -7.50% | -0.07% |
| 2021 | 1.94% | 12.91% | 13.62% | 16.29% | 5.07% | 10.22% | -6.56% | 13.48% | 1.42% | -4.82% | 29.15% | 6.18% | 147.21% |
Benchmark Metrics
iPath Series B Carbon ETN has an annualized alpha of 18.46%, beta of 0.51, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since September 11, 2019.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (75.62%) than losses (55.31%) - typical of diversified or defensive assets.
- Beta of 0.51 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 18.46%
- Beta
- 0.51
- R²
- 0.06
- Upside Capture
- 75.62%
- Downside Capture
- 55.31%
Expense Ratio
GRN has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GRN ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iPath Series B Carbon ETN (GRN) and compare them to S&P 500 Index.
| GRN | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 2.24 | -1.91 |
Sortino ratioReturn per unit of downside risk | 0.61 | 3.07 | -2.46 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.41 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 2.93 | -2.63 |
Martin ratioReturn relative to average drawdown | 0.77 | 13.52 | -12.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iPath Series B Carbon ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iPath Series B Carbon ETN was 47.96%, occurring on Feb 22, 2024. The portfolio has not yet recovered.
The current iPath Series B Carbon ETN drawdown is 19.73%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -47.96%Feb 2024 | 11mo 29d | — | 3y 3moFeb 2023 - now |
COVID crash2020 | -43.58%Mar 2020 | 6mo 3d | 3mo 16d | 9mo 19dSep 2019 - Jul 2020 |
Bear market2022 | -40.60%Mar 2022 | 28d | 5mo 13d | 6mo 11dFeb 2022 - Aug 2022 |
Bear market2022 | -33.78%Sep 2022 | 1mo 7d | 5mo 2d | 6mo 9dAug 2022 - Feb 2023 |
2020 bear market2020 | -24.66%Oct 2020 | 1mo 13d | 1mo 13d | 2mo 26dSep 2020 - Dec 2020 |
Drawdown Indicators
| GRN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.96% | -56.78% | +8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -30.39% | -9.10% | -21.29% |
Max Drawdown (3Y)Largest decline over 3 years | -45.30% | -18.90% | -26.40% |
Max Drawdown (5Y)Largest decline over 5 years | -47.96% | -25.43% | -22.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -19.73% | -0.74% | -18.99% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -10.72% | -6.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.83% | 1.97% | +9.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with GRN
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