BGRN vs. AAPL
Compare and contrast key facts about iShares Global Green Bond ETF (BGRN) and Apple Inc. (AAPL).
BGRN is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays MSCI Green Bond Select USD Hedged Index. It was launched on Nov 13, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGRN or AAPL.
Key characteristics
| BGRN | AAPL | |
|---|---|---|
| YTD Return | -1.84% | -11.42% |
| 1Y Return | 1.54% | 0.97% |
| 3Y Return (Ann) | -3.05% | 9.68% |
| 5Y Return (Ann) | -0.16% | 27.68% |
| Sharpe Ratio | 0.11 | 0.05 |
| Daily Std Dev | 5.59% | 19.68% |
| Max Drawdown | -19.16% | -81.80% |
| Current Drawdown | -11.78% | -13.91% |
Correlation
The correlation between BGRN and AAPL is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BGRN vs. AAPL - Performance Comparison
In the year-to-date period, BGRN achieves a -1.84% return, which is significantly higher than AAPL's -11.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BGRN vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Green Bond ETF (BGRN) and Apple Inc. (AAPL). 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.
Dividends
BGRN vs. AAPL - Dividend Comparison
BGRN's dividend yield for the trailing twelve months is around 3.44%, more than AAPL's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRN iShares Global Green Bond ETF | 3.44% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAPL Apple Inc. | 0.56% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% | 2.10% |
Drawdowns
BGRN vs. AAPL - Drawdown Comparison
The maximum BGRN drawdown since its inception was -19.16%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for BGRN and AAPL. For additional features, visit the drawdowns tool.
Volatility
BGRN vs. AAPL - Volatility Comparison
The current volatility for iShares Global Green Bond ETF (BGRN) is 1.45%, while Apple Inc. (AAPL) has a volatility of 6.89%. This indicates that BGRN experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.