BGRN vs. GRNB
Compare and contrast key facts about iShares Global Green Bond ETF (BGRN) and VanEck Vectors Green Bond ETF (GRNB).
BGRN and GRNB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GRNB is a passively managed fund by VanEck that tracks the performance of the S&P Green Bond Select Index. It was launched on Mar 3, 2017. Both BGRN and GRNB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGRN or GRNB.
Key characteristics
| BGRN | GRNB | |
|---|---|---|
| YTD Return | -1.62% | -1.24% |
| 1Y Return | 1.00% | 2.31% |
| 3Y Return (Ann) | -2.98% | -2.46% |
| 5Y Return (Ann) | -0.13% | 0.38% |
| Sharpe Ratio | 0.32 | 0.56 |
| Daily Std Dev | 5.51% | 5.15% |
| Max Drawdown | -19.16% | -18.08% |
| Current Drawdown | -11.58% | -9.07% |
Correlation
The correlation between BGRN and GRNB is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BGRN vs. GRNB - Performance Comparison
In the year-to-date period, BGRN achieves a -1.62% return, which is significantly lower than GRNB's -1.24% 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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BGRN vs. GRNB - Expense Ratio Comparison
Both BGRN and GRNB have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BGRN vs. GRNB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Green Bond ETF (BGRN) and VanEck Vectors Green Bond ETF (GRNB). 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. GRNB - Dividend Comparison
BGRN's dividend yield for the trailing twelve months is around 3.78%, more than GRNB's 3.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BGRN iShares Global Green Bond ETF | 3.78% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% | 0.00% |
GRNB VanEck Vectors Green Bond ETF | 3.49% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% |
Drawdowns
BGRN vs. GRNB - Drawdown Comparison
The maximum BGRN drawdown since its inception was -19.16%, which is greater than GRNB's maximum drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for BGRN and GRNB. For additional features, visit the drawdowns tool.
Volatility
BGRN vs. GRNB - Volatility Comparison
The current volatility for iShares Global Green Bond ETF (BGRN) is 1.42%, while VanEck Vectors Green Bond ETF (GRNB) has a volatility of 1.63%. This indicates that BGRN experiences smaller price fluctuations and is considered to be less risky than GRNB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.