BGRN vs. VCEB
Compare and contrast key facts about iShares Global 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 Barclays MSCI Green Bond Select USD Hedged 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGRN or VCEB.
Performance
BGRN vs. VCEB - Performance Comparison
Returns By Period
In the year-to-date period, BGRN achieves a 3.02% return, which is significantly higher than VCEB's 2.59% return.
BGRN
3.02%
-0.46%
3.54%
7.21%
-0.28%
N/A
VCEB
2.59%
-0.53%
3.74%
7.38%
N/A
N/A
Key characteristics
| BGRN | VCEB | |
|---|---|---|
| Sharpe Ratio | 1.62 | 1.34 |
| Sortino Ratio | 2.35 | 1.99 |
| Omega Ratio | 1.29 | 1.23 |
| Calmar Ratio | 0.54 | 0.55 |
| Martin Ratio | 6.91 | 5.08 |
| Ulcer Index | 1.07% | 1.53% |
| Daily Std Dev | 4.57% | 5.81% |
| Max Drawdown | -19.16% | -21.61% |
| Current Drawdown | -7.41% | -7.43% |
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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%.
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.
Risk-Adjusted Performance
BGRN vs. VCEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global 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.
Dividends
BGRN vs. VCEB - Dividend Comparison
BGRN's dividend yield for the trailing twelve months is around 3.96%, less than VCEB's 4.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BGRN iShares Global Green Bond ETF | 3.96% | 3.52% | 2.67% | 0.78% | 1.82% | 3.66% | 0.21% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.36% | 3.70% | 2.82% | 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 -21.61%. Use the drawdown chart below to compare losses from any high point for BGRN and VCEB. For additional features, visit the drawdowns tool.
Volatility
BGRN vs. VCEB - Volatility Comparison
The current volatility for iShares Global Green Bond ETF (BGRN) is 1.20%, while Vanguard ESG U.S. Corporate Bond ETF (VCEB) has a volatility of 1.70%. 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.