CRBN vs. GLDM
Compare and contrast key facts about iShares MSCI ACWI Low Carbon Target ETF (CRBN) and SPDR Gold MiniShares Trust (GLDM).
CRBN and GLDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRBN is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Low Carbon Target Index. It was launched on Dec 8, 2014. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018. Both CRBN and GLDM 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: CRBN or GLDM.
Key characteristics
| CRBN | GLDM | |
|---|---|---|
| YTD Return | 9.15% | 14.20% |
| 1Y Return | 22.74% | 16.83% |
| 3Y Return (Ann) | 5.52% | 8.41% |
| 5Y Return (Ann) | 11.08% | 12.74% |
| Sharpe Ratio | 2.03 | 1.39 |
| Daily Std Dev | 11.57% | 12.29% |
| Max Drawdown | -33.13% | -21.63% |
| Current Drawdown | 0.00% | -1.41% |
Correlation
The correlation between CRBN and GLDM is 0.12, 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
CRBN vs. GLDM - Performance Comparison
In the year-to-date period, CRBN achieves a 9.15% return, which is significantly lower than GLDM's 14.20% 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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CRBN vs. GLDM - Expense Ratio Comparison
CRBN has a 0.20% expense ratio, which is higher than GLDM's 0.18% 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%.
Risk-Adjusted Performance
CRBN vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI Low Carbon Target ETF (CRBN) and SPDR Gold MiniShares Trust (GLDM). 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
CRBN vs. GLDM - Dividend Comparison
CRBN's dividend yield for the trailing twelve months is around 1.84%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRBN iShares MSCI ACWI Low Carbon Target ETF | 1.84% | 2.01% | 1.95% | 1.57% | 1.41% | 2.27% | 2.51% | 2.05% | 2.27% | 2.01% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CRBN vs. GLDM - Drawdown Comparison
The maximum CRBN drawdown since its inception was -33.13%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for CRBN and GLDM. For additional features, visit the drawdowns tool.
Volatility
CRBN vs. GLDM - Volatility Comparison
The current volatility for iShares MSCI ACWI Low Carbon Target ETF (CRBN) is 3.21%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 4.40%. This indicates that CRBN experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.