BGRN vs. AFIF
BGRN (iShares USD Green Bond ETF) and AFIF (Anfield Universal Fixed Income ETF) are both exchange-traded funds - BGRN is a Global Bonds fund tracking the Bloomberg MSCI USD Green Bond Select Index, while AFIF is a Multisector Bonds fund actively managed by Regents Park Funds. BGRN is passively managed, while AFIF is actively managed. Over the past 5 years, BGRN returned 0.54%/yr vs 3.54%/yr for AFIF. At a 0.40 correlation, their price movements are largely independent. BGRN charges 0.20%/yr vs 1.08%/yr for AFIF.
Performance
BGRN vs. AFIF - Performance Comparison
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Returns By Period
In the year-to-date period, BGRN achieves a 0.43% return, which is significantly lower than AFIF's 1.38% return.
BGRN
- 1D
- -0.20%
- 1M
- 0.31%
- YTD
- 0.43%
- 6M
- 0.49%
- 1Y
- 5.19%
- 3Y*
- 4.75%
- 5Y*
- 0.54%
- 10Y*
- —
AFIF
- 1D
- -0.11%
- 1M
- 0.43%
- YTD
- 1.38%
- 6M
- 1.69%
- 1Y
- 5.22%
- 3Y*
- 7.37%
- 5Y*
- 3.54%
- 10Y*
- —
BGRN vs. AFIF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGRN iShares USD Green Bond ETF | 0.43% | 7.27% | 2.77% | 6.50% | -13.06% | -2.80% | 6.86% | 9.70% | 1.14% |
AFIF Anfield Universal Fixed Income ETF | 1.38% | 6.56% | 7.06% | 9.73% | -5.38% | -0.50% | 2.14% | 0.41% | -0.59% |
Correlation
The correlation between BGRN and AFIF is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2018 | 0.40 |
The correlation between BGRN and AFIF shifts across timeframes, from 0.22 (3 years) to 0.41 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BGRN vs. AFIF — Risk / Return Rank
BGRN
AFIF
BGRN vs. AFIF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Green Bond ETF (BGRN) and Anfield Universal Fixed Income ETF (AFIF). 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.
| BGRN | AFIF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.22 | -0.88 |
| Martin ratioReturn relative to average drawdown | 7.85 | 14.16 | -6.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BGRN | AFIF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.90 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.80 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.42 | +0.03 |
Drawdowns
BGRN vs. AFIF - Drawdown Comparison
The maximum BGRN drawdown since its inception was -19.16%, which is greater than AFIF's maximum drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for BGRN and AFIF.
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Drawdown Indicators
| BGRN | AFIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -10.29% | -8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -1.63% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -1.79% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.73% | -8.85% | -9.88% |
Current DrawdownCurrent decline from peak | -0.83% | -0.11% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -2.23% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.37% | +0.29% |
Volatility
BGRN vs. AFIF - Volatility Comparison
iShares USD Green Bond ETF (BGRN) has a higher volatility of 1.06% compared to Anfield Universal Fixed Income ETF (AFIF) at 0.61%. This indicates that BGRN's price experiences larger fluctuations and is considered to be riskier than AFIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGRN | AFIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.61% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 2.03% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 2.76% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 4.44% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 6.27% | -1.27% |
BGRN vs. AFIF - Expense Ratio Comparison
BGRN has a 0.20% expense ratio, which is lower than AFIF's 1.08% expense ratio.
Dividends
BGRN vs. AFIF - Dividend Comparison
BGRN's dividend yield for the trailing twelve months is around 4.29%, more than AFIF's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AFIF Anfield Universal Fixed Income ETF | 3.58% | 3.52% | 5.61% | 5.91% | 3.49% | 1.73% | 1.25% | 2.54% | 0.69% |
BGRN iShares USD Green Bond ETF | 4.29% | 4.21% | 4.07% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% |
Frequently Asked Questions
BGRN and AFIF have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRN has higher volatility (1.06%) compared to AFIF (0.61%). In terms of maximum drawdown, BGRN dropped -19.16% vs AFIF's -10.29%.
On 5-year performance, AFIF leads with 3.54% vs 0.54% for BGRN. On fees, BGRN is cheaper at 0.20% per year. On volatility, AFIF has been the lower-risk option at 0.61%. 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 3.54% return vs 0.54%. 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 4.29%, compared with 3.58% for AFIF.
BGRN is categorized as Global Bonds, while AFIF is Multisector Bonds. They also come from different issuers: iShares and Regents Park Funds. Their fees differ too: 0.20% for BGRN and 1.08% for AFIF.
AFIF currently has the higher Sharpe Ratio (1.90 vs 1.76), 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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