BGRN vs. VCEB
Compare and contrast key facts about iShares USD Green Bond ETF (BGRN) and Vanguard ESG U.S. Corporate Bond ETF (VCEB).
BGRN and VCEB 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 MSCI USD Green Bond Select Index. It was launched on Nov 13, 2018. VCEB is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays MSCI US Corp SRI Select Index. It was launched on Sep 22, 2020. Both BGRN and VCEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BGRN vs. VCEB - Performance Comparison
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BGRN vs. VCEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BGRN iShares USD Green Bond ETF | -0.35% | 7.27% | 2.77% | 6.50% | -13.06% | -2.80% | 1.69% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | -0.36% | 7.48% | 2.23% | 8.52% | -15.15% | -1.99% | 2.46% |
Returns By Period
The year-to-date returns for both stocks are quite close, with BGRN having a -0.35% return and VCEB slightly lower at -0.36%.
BGRN
- 1D
- -0.08%
- 1M
- -1.27%
- YTD
- -0.35%
- 6M
- 0.46%
- 1Y
- 4.44%
- 3Y*
- 4.34%
- 5Y*
- 0.29%
- 10Y*
- —
VCEB
- 1D
- 0.15%
- 1M
- -1.43%
- YTD
- -0.36%
- 6M
- -0.06%
- 1Y
- 4.43%
- 3Y*
- 4.56%
- 5Y*
- 0.61%
- 10Y*
- —
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BGRN vs. VCEB - Expense Ratio Comparison
BGRN has a 0.20% expense ratio, which is higher than VCEB's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BGRN vs. VCEB — Risk / Return Rank
BGRN
VCEB
BGRN vs. VCEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Green Bond ETF (BGRN) and Vanguard ESG U.S. Corporate Bond ETF (VCEB). 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 | VCEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.87 | +0.39 |
Sortino ratioReturn per unit of downside risk | 1.80 | 1.23 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.67 | +0.34 |
Martin ratioReturn relative to average drawdown | 6.94 | 5.21 | +1.74 |
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 | VCEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.87 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.09 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.03 | +0.40 |
Correlation
The correlation between BGRN and VCEB is 0.88, 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.
Dividends
BGRN vs. VCEB - Dividend Comparison
BGRN's dividend yield for the trailing twelve months is around 4.27%, less than VCEB's 4.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGRN iShares USD Green Bond ETF | 4.27% | 4.21% | 4.07% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.64% | 4.57% | 4.47% | 3.70% | 2.84% | 1.69% | 0.43% | 0.00% | 0.00% |
Drawdowns
BGRN vs. VCEB - Drawdown Comparison
The maximum BGRN drawdown since its inception was -19.16%, smaller than the maximum VCEB drawdown of -21.60%. Use the drawdown chart below to compare losses from any high point for BGRN and VCEB.
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Drawdown Indicators
| BGRN | VCEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -21.60% | +2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -2.82% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.73% | -21.39% | +2.66% |
Current DrawdownCurrent decline from peak | -1.61% | -1.72% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -7.83% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.90% | -0.25% |
Volatility
BGRN vs. VCEB - Volatility Comparison
The current volatility for iShares USD Green Bond ETF (BGRN) is 1.45%, while Vanguard ESG U.S. Corporate Bond ETF (VCEB) has a volatility of 2.16%. This indicates that BGRN experiences smaller price fluctuations and is considered to be less risky than VCEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGRN | VCEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.16% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.94% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 5.10% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 6.84% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 6.72% | -1.69% |