CRBN vs. SPYX
Compare and contrast key facts about iShares MSCI ACWI Low Carbon Target ETF (CRBN) and SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX).
CRBN and SPYX 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. SPYX is a passively managed fund by State Street that tracks the performance of the S&P 500 Fossil Fuel Free Index. It was launched on Nov 30, 2015. Both CRBN and SPYX 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 SPYX.
Key characteristics
| CRBN | SPYX | |
|---|---|---|
| YTD Return | 4.73% | 6.64% |
| 1Y Return | 20.01% | 26.84% |
| 3Y Return (Ann) | 3.89% | 7.54% |
| 5Y Return (Ann) | 9.64% | 13.27% |
| Sharpe Ratio | 1.54 | 2.08 |
| Daily Std Dev | 11.74% | 11.97% |
| Max Drawdown | -33.13% | -32.84% |
| Current Drawdown | -3.52% | -3.57% |
Correlation
The correlation between CRBN and SPYX is 0.92, 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
CRBN vs. SPYX - Performance Comparison
In the year-to-date period, CRBN achieves a 4.73% return, which is significantly lower than SPYX's 6.64% 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. SPYX - Expense Ratio Comparison
Both CRBN and SPYX 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
CRBN vs. SPYX - 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 S&P 500 Fossil Fuel Reserves Free ETF (SPYX). 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. SPYX - Dividend Comparison
CRBN's dividend yield for the trailing twelve months is around 1.92%, more than SPYX's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRBN iShares MSCI ACWI Low Carbon Target ETF | 1.92% | 2.01% | 1.95% | 1.57% | 1.41% | 2.27% | 2.51% | 2.05% | 2.27% | 2.01% |
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | 1.16% | 1.21% | 1.41% | 1.04% | 1.33% | 1.56% | 1.92% | 1.68% | 1.91% | 0.03% |
Drawdowns
CRBN vs. SPYX - Drawdown Comparison
The maximum CRBN drawdown since its inception was -33.13%, roughly equal to the maximum SPYX drawdown of -32.84%. Use the drawdown chart below to compare losses from any high point for CRBN and SPYX. For additional features, visit the drawdowns tool.
Volatility
CRBN vs. SPYX - Volatility Comparison
iShares MSCI ACWI Low Carbon Target ETF (CRBN) and SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) have volatilities of 3.47% and 3.52%, 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.