AFIF vs. BGRN
AFIF (Anfield Universal Fixed Income ETF) and BGRN (iShares USD Green Bond ETF) are both exchange-traded funds - AFIF is a Multisector Bonds fund actively managed by Regents Park Funds, while BGRN is a Global Bonds fund tracking the Bloomberg MSCI USD Green Bond Select Index. AFIF is actively managed, while BGRN is passively managed. Over the past 5 years, AFIF returned 3.70%/yr vs 0.55%/yr for BGRN. At a 0.40 correlation, their price movements are largely independent. AFIF charges 1.08%/yr vs 0.20%/yr for BGRN.
Performance
AFIF vs. BGRN - Performance Comparison
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Returns By Period
In the year-to-date period, AFIF achieves a 1.55% return, which is significantly higher than BGRN's 0.58% return.
AFIF
- 1D
- 0.00%
- 1M
- 0.44%
- YTD
- 1.55%
- 6M
- 1.69%
- 1Y
- 5.31%
- 3Y*
- 7.41%
- 5Y*
- 3.70%
- 10Y*
- —
BGRN
- 1D
- -0.16%
- 1M
- 0.49%
- YTD
- 0.58%
- 6M
- 0.75%
- 1Y
- 4.63%
- 3Y*
- 4.77%
- 5Y*
- 0.55%
- 10Y*
- —
AFIF vs. BGRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AFIF Anfield Universal Fixed Income ETF | 1.55% | 6.56% | 7.06% | 9.73% | -5.38% | -0.50% | 2.14% | 0.41% | -0.61% |
BGRN iShares USD Green Bond ETF | 0.58% | 7.27% | 2.77% | 6.50% | -13.06% | -2.80% | 6.86% | 9.70% | 1.14% |
Correlation
The correlation between AFIF and BGRN is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2018 | 0.40 |
The correlation between AFIF and BGRN shifts across timeframes, from 0.23 (3 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AFIF vs. BGRN — Risk / Return Rank
AFIF
BGRN
AFIF vs. BGRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Anfield Universal Fixed Income ETF (AFIF) and iShares USD Green Bond ETF (BGRN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AFIF | BGRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.09 | +1.18 |
| Martin ratioReturn relative to average drawdown | 14.44 | 6.80 | +7.64 |
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Drawdowns
AFIF vs. BGRN - Drawdown Comparison
The maximum AFIF drawdown since its inception was -10.29%, smaller than the maximum BGRN drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for AFIF and BGRN.
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Drawdown Indicators
| AFIF | BGRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.29% | -19.16% | +8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -2.23% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -4.55% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -18.73% | +9.88% |
Current DrawdownCurrent decline from peak | -0.10% | -0.69% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -5.76% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.68% | -0.31% |
Volatility
AFIF vs. BGRN - Volatility Comparison
The current volatility for Anfield Universal Fixed Income ETF (AFIF) is 0.37%, while iShares USD Green Bond ETF (BGRN) has a volatility of 0.86%. This indicates that AFIF experiences smaller price fluctuations and is considered to be less risky than BGRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFIF | BGRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.86% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 2.33% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 2.97% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 5.46% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 4.99% | +1.26% |
AFIF vs. BGRN - Expense Ratio Comparison
AFIF has a 1.08% expense ratio, which is higher than BGRN's 0.20% expense ratio.
Dividends
AFIF vs. BGRN - Dividend Comparison
AFIF's dividend yield for the trailing twelve months is around 3.73%, less than BGRN's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AFIF Anfield Universal Fixed Income ETF | 3.73% | 3.52% | 5.61% | 5.91% | 3.49% | 1.73% | 1.25% | 2.54% | 0.69% |
BGRN iShares USD Green Bond ETF | 4.28% | 4.21% | 4.07% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% |
Frequently Asked Questions
AFIF and BGRN have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRN has higher volatility (0.86%) compared to AFIF (0.37%). In terms of maximum drawdown, AFIF dropped -10.29% vs BGRN's -19.16%.
On 5-year performance, AFIF leads with 3.70% vs 0.55% for BGRN. On fees, BGRN is cheaper at 0.20% per year. On volatility, AFIF has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AFIF has performed better with a 3.70% return vs 0.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BGRN is cheaper with a 0.20% expense ratio, compared with 1.08% for AFIF.
BGRN has the higher dividend yield at 4.28%, compared with 3.73% for AFIF.
AFIF is categorized as Multisector Bonds, while BGRN is Global Bonds. They also come from different issuers: Regents Park Funds and iShares. Their fees differ too: 1.08% for AFIF and 0.20% for BGRN.
AFIF currently has the higher Sharpe Ratio (1.94 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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