- ISIN
- US92189F1710
- CUSIP
- 92189F171
- Issuer
- VanEck
- Inception Date
- Mar 3, 2017
- Region
- Developed Markets (Broad)
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Green Bond U.S. Dollar Select Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $183M
Share Price Chart
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Performance
GRNB Performance Chart
VanEck Green Bond ETF (GRNB) is up 0.6% since the beginning of the year. GRNB is currently trading at $24 per share. Investors who bought $1,000 worth of GRNB shares 5 years ago would now be looking at an investment worth $1,039.
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Returns By Period
VanEck Green Bond ETF (GRNB) has returned 0.59% so far this year and 4.37% over the past 12 months.
VanEck Green Bond ETF
- 1D
- -0.16%
- 1M
- 0.64%
- YTD
- 0.59%
- 6M
- 0.70%
- 1Y
- 4.37%
- 3Y*
- 5.19%
- 5Y*
- 0.76%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GRNB Monthly Returns History
Based on dividend-adjusted daily data since Mar 6, 2017, GRNB's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2023 with a return of +4.0%, while the worst month was Sep 2022 at -3.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, GRNB closed higher 51% of trading days. The best single day was Dec 26, 2017 with a return of +1.8%, while the worst single day was Mar 18, 2020 at -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | 0.69% | -1.85% | 0.95% | 0.53% | -0.01% | 0.59% | ||||||
| 2025 | 0.78% | 1.49% | -0.09% | 0.28% | 0.06% | 1.49% | 0.17% | 1.08% | 0.60% | 0.51% | 0.62% | -0.10% | 7.09% |
| 2024 | -0.13% | -0.51% | 0.81% | -1.16% | 1.20% | 0.53% | 1.82% | 1.58% | 1.35% | -1.81% | 1.02% | -1.34% | 3.31% |
| 2023 | 2.62% | -2.17% | 2.34% | 0.85% | -0.91% | -0.07% | 0.31% | -0.37% | -1.81% | -1.00% | 4.00% | 3.30% | 7.08% |
| 2022 | -2.40% | -1.44% | -2.68% | -3.54% | 0.83% | -2.37% | 2.38% | -2.54% | -3.76% | -0.52% | 3.84% | -0.14% | -11.93% |
| 2021 | -0.44% | -1.19% | -1.22% | 0.82% | 0.37% | 0.64% | 0.60% | -0.06% | -1.07% | -0.85% | -0.15% | 0.19% | -2.36% |
Benchmark Metrics
VanEck Green Bond ETF has an annualized alpha of 1.58%, beta of 0.06, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since March 06, 2017.
- This ETF participated in 21.27% of S&P 500 Index downside but only 14.81% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.04 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 0.04 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
- 1.58%
- Beta
- 0.06
- R²
- 0.04
- Upside Capture
- 14.81%
- Downside Capture
- 21.27%
Expense Ratio
GRNB has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
GRNB ranks 42 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Green Bond ETF (GRNB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GRNB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.78 | -1.03 |
| Martin ratioReturn relative to average drawdown | 6.74 | 12.44 | -5.70 |
Dividends
Dividend History
VanEck Green Bond ETF provided a 4.23% dividend yield over the last twelve months, with an annual payout of $1.02 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.02 | $1.02 | $0.91 | $0.75 | $0.60 | $0.53 | $0.63 | $0.47 | $0.31 | $0.30 |
Dividend yield | 4.23% | 4.18% | 3.83% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Green Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.09 | $0.08 | $0.10 | $0.08 | $0.07 | $0.42 | ||||||
| 2025 | $0.00 | $0.08 | $0.07 | $0.09 | $0.08 | $0.09 | $0.08 | $0.09 | $0.09 | $0.08 | $0.17 | $0.09 | $1.02 |
| 2024 | $0.00 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.16 | $0.91 |
| 2023 | $0.00 | $0.06 | $0.05 | $0.07 | $0.05 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.14 | $0.75 |
| 2022 | $0.00 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.11 | $0.60 |
| 2021 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.09 | $0.53 |
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 VanEck Green Bond ETF. 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 VanEck Green Bond ETF was 18.08%, occurring on Oct 20, 2022. Recovery took 704 trading sessions.
The current VanEck Green Bond ETF drawdown is 0.41%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -18.08%Oct 2022 | 1y 9mo | 2y 9mo | 4y 7moJan 2021 - Aug 2025 |
Rate-hike selloffLate 2018 | -7.73%Nov 2018 | 10mo 5d | 8mo 13d | 1y 6moJan 2018 - Aug 2019 |
COVID crash2020 | -7.31%Mar 2020 | 10d | 3mo 2d | 3mo 12dMar 2020 - Jun 2020 |
2017 pullback2017 | -2.83%Oct 2017 | 1mo 16d | 2mo | 3mo 16dSep 2017 - Dec 2017 |
2026 pullback2026 | -2.51%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
Drawdown Indicators
| GRNB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -56.78% | +38.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -9.10% | +6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -4.24% | -18.90% | +14.66% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | -25.43% | +7.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.41% | -1.80% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -10.71% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 2.03% | -1.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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