CRBN vs. SPFFX
CRBN (iShares MSCI ACWI Low Carbon Target ETF) and SPFFX (Sphere 500 Fossil Free Fund) are both funds - CRBN is a Large Cap Growth Equities fund tracking the MSCI ACWI Low Carbon Target Index, while SPFFX is a Large Cap Blend Equities fund managed by Reflection Asset Management. Over the past 3 years, CRBN returned 20.07%/yr vs 21.91%/yr for SPFFX. Their correlation of 0.95 suggests significant overlap in exposure. CRBN charges 0.20%/yr vs 0.11%/yr for SPFFX.
Performance
CRBN vs. SPFFX - Performance Comparison
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Returns By Period
In the year-to-date period, CRBN achieves a 8.70% return, which is significantly lower than SPFFX's 9.97% return.
CRBN
- 1D
- -2.26%
- 1M
- -0.57%
- YTD
- 8.70%
- 6M
- 8.00%
- 1Y
- 23.95%
- 3Y*
- 20.07%
- 5Y*
- 10.57%
- 10Y*
- 12.97%
SPFFX
- 1D
- -0.48%
- 1M
- 0.33%
- YTD
- 9.97%
- 6M
- 8.89%
- 1Y
- 25.99%
- 3Y*
- 21.91%
- 5Y*
- —
- 10Y*
- —
CRBN vs. SPFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRBN iShares MSCI ACWI Low Carbon Target ETF | 8.70% | 21.85% | 19.29% | 22.31% | -19.12% | 7.41% |
SPFFX Sphere 500 Fossil Free Fund | 9.97% | 18.12% | 25.13% | 29.48% | -20.03% | 9.04% |
Correlation
The correlation between CRBN and SPFFX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.95 |
The correlation between CRBN and SPFFX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
CRBN vs. SPFFX — Risk / Return Rank
CRBN
SPFFX
CRBN vs. SPFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI Low Carbon Target ETF (CRBN) and Sphere 500 Fossil Free Fund (SPFFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRBN | SPFFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.56 | -0.17 |
| Martin ratioReturn relative to average drawdown | 10.28 | 10.82 | -0.54 |
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Drawdowns
CRBN vs. SPFFX - Drawdown Comparison
The maximum CRBN drawdown since its inception was -33.13%, which is greater than SPFFX's maximum drawdown of -25.11%. Use the drawdown chart below to compare losses from any high point for CRBN and SPFFX.
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Drawdown Indicators
| CRBN | SPFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -25.11% | -8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -10.75% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -19.97% | +3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -27.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | — | — |
Current DrawdownCurrent decline from peak | -2.81% | -1.97% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -6.35% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.54% | -0.20% |
Volatility
CRBN vs. SPFFX - Volatility Comparison
iShares MSCI ACWI Low Carbon Target ETF (CRBN) and Sphere 500 Fossil Free Fund (SPFFX) have volatilities of 5.39% and 5.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRBN | SPFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 5.35% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 11.15% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.81% | 13.95% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 17.23% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 17.23% | -0.35% |
CRBN vs. SPFFX - Expense Ratio Comparison
CRBN has a 0.20% expense ratio, which is higher than SPFFX's 0.11% 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%.
Dividends
CRBN vs. SPFFX - Dividend Comparison
CRBN's dividend yield for the trailing twelve months is around 2.05%, less than SPFFX's 6.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRBN iShares MSCI ACWI Low Carbon Target ETF | 2.05% | 2.21% | 1.94% | 2.01% | 1.95% | 1.57% | 1.41% | 2.27% | 2.51% | 2.05% | 2.27% | 2.01% |
SPFFX Sphere 500 Fossil Free Fund | 6.18% | 6.80% | 1.06% | 1.32% | 0.73% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, CRBN and SPFFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CRBN has higher volatility (5.39%) compared to SPFFX (5.35%). In terms of maximum drawdown, CRBN dropped -33.13% vs SPFFX's -25.11%.
SPFFX currently has the higher Sharpe Ratio (1.98 vs 1.75), 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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