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CRBN vs. VVIAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CRBN vs. VVIAX

Last updated Jun 5, 2026

CRBN (iShares MSCI ACWI Low Carbon Target ETF) and VVIAX (Vanguard Value Index Fund Admiral Shares) are both funds - CRBN is a Large Cap Growth Equities fund tracking the MSCI ACWI Low Carbon Target Index, while VVIAX is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, CRBN returned 12.75%/yr vs 12.46%/yr for VVIAX. A 0.80 correlation means they provide meaningful diversification when combined. CRBN charges 0.20%/yr vs 0.05%/yr for VVIAX.

Performance

CRBN vs. VVIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI Low Carbon Target ETF (CRBN) and Vanguard Value Index Fund Admiral Shares (VVIAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CRBN achieves a 11.12% return, which is significantly lower than VVIAX's 12.21% return. Both investments have delivered pretty close results over the past 10 years, with CRBN having a 12.75% annualized return and VVIAX not far behind at 12.46%.

CRBN

1D
0.18%
1M
4.24%
YTD
11.12%
6M
12.10%
1Y
27.38%
3Y*
21.37%
5Y*
11.14%
10Y*
12.75%

VVIAX

1D
-0.02%
1M
3.21%
YTD
12.21%
6M
13.06%
1Y
26.79%
3Y*
18.23%
5Y*
11.21%
10Y*
12.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CRBN vs. VVIAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CRBN
iShares MSCI ACWI Low Carbon Target ETF		11.12%21.85%19.29%22.31%-19.12%18.82%16.83%28.65%-9.80%23.49%
VVIAX
Vanguard Value Index Fund Admiral Shares		12.21%15.27%16.00%9.22%-2.07%26.51%2.29%25.81%-5.45%17.13%

Correlation

The correlation between CRBN and VVIAX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.70

Correlation (3Y)
Calculated over the trailing 3-year period

0.74

Correlation (5Y)
Calculated over the trailing 5-year period

0.80

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2014

0.80

The correlation between CRBN and VVIAX shifts across timeframes, from 0.70 (1 year) to 0.81 (10 years), reflecting how their relationship changes across market environments.

CRBN vs. VVIAX - Sectors Allocation Comparison

Sectors
CRBN
VVIAX

Technology

32.3%
13.4%

Financial Services

18.3%
22.3%

Communication Services

9.6%
3.3%

Industrials

9.4%
14.0%

Healthcare

8.1%
14.5%

Consumer Cyclical

7.7%
4.0%

Consumer Defensive

4.4%
9.4%

Real Estate

2.9%
2.8%

Basic Materials

2.5%
3.1%

Energy

2.2%
8.1%

Utilities

2.2%
5.2%

Technology

CRBN
32.3%
VVIAX
13.4%

Financial Services

CRBN
18.3%
VVIAX
22.3%

Communication Services

CRBN
9.6%
VVIAX
3.3%

Industrials

CRBN
9.4%
VVIAX
14.0%

Healthcare

CRBN
8.1%
VVIAX
14.5%

Consumer Cyclical

CRBN
7.7%
VVIAX
4.0%

Consumer Defensive

CRBN
4.4%
VVIAX
9.4%

Real Estate

CRBN
2.9%
VVIAX
2.8%

Basic Materials

CRBN
2.5%
VVIAX
3.1%

Energy

CRBN
2.2%
VVIAX
8.1%

Utilities

CRBN
2.2%
VVIAX
5.2%

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iShares MSCI ACWI Low Carbon Target ETF

Vanguard Value Index Fund Admiral Shares

Often compared with CRBN:
CRBN vs. KRBNCRBN vs. SPYXCRBN vs. EMDVCRBN vs. VTCRBN vs. JCTRCRBN vs. VTICRBN vs. CNRG
Often compared with VVIAX:
VVIAX vs. VFIAXVVIAX vs. VIGAXVVIAX vs. VTVVVIAX vs. FLCOXVVIAX vs. VOOVVIAX vs. VDADXVVIAX vs. VBIAX

Return for Risk

CRBN vs. VVIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CRBN
CRBN Risk / Return Rank: 6363
Overall Rank
CRBN Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
CRBN Sortino Ratio Rank: 6464
Sortino Ratio Rank
CRBN Omega Ratio Rank: 6464
Omega Ratio Rank
CRBN Calmar Ratio Rank: 5656
Calmar Ratio Rank
CRBN Martin Ratio Rank: 6767
Martin Ratio Rank
VVIAX
VVIAX Risk / Return Rank: 7979
Overall Rank
VVIAX Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
VVIAX Sortino Ratio Rank: 7777
Sortino Ratio Rank
VVIAX Omega Ratio Rank: 6969
Omega Ratio Rank
VVIAX Calmar Ratio Rank: 8686
Calmar Ratio Rank
VVIAX Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRBN vs. VVIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI Low Carbon Target ETF (CRBN) and Vanguard Value Index Fund Admiral Shares (VVIAX). 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.

CRBNVVIAXDifference
Sharpe ratioReturn per unit of total volatility
2.11
2.61

-0.50

Sortino ratioReturn per unit of downside risk
2.93
3.73

-0.80

Omega ratioGain probability vs. loss probability

1.38

1.47

-0.09

Calmar ratioReturn relative to maximum drawdown

2.73

4.13

-1.40

Martin ratioReturn relative to average drawdown

12.06

15.57

-3.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRBN vs. VVIAX - Sharpe Ratio Comparison

The current CRBN Sharpe Ratio is 2.11, which is comparable to the VVIAX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of CRBN and VVIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CRBNVVIAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.11

2.61

-0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

0.81

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.75

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.42

+0.28

Drawdowns

CRBN vs. VVIAX - Drawdown Comparison

The maximum CRBN drawdown since its inception was -33.13%, smaller than the maximum VVIAX drawdown of -59.32%. Use the drawdown chart below to compare losses from any high point for CRBN and VVIAX.

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Drawdown Indicators

CRBNVVIAXDifference

Max Drawdown

Largest peak-to-trough decline

-33.13%

-59.32%

+26.19%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-6.36%

-3.72%

Max Drawdown (3Y)

Largest decline over 3 years

-16.60%

-14.39%

-2.21%

Max Drawdown (5Y)

Largest decline over 5 years

-27.04%

-17.14%

-9.90%

Max Drawdown (10Y)

Largest decline over 10 years

-33.13%

-36.80%

+3.67%

Current Drawdown

Current decline from peak

-0.64%

-0.02%

-0.62%

Average Drawdown

Average peak-to-trough decline

-5.20%

-9.61%

+4.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

1.69%

+0.59%

Volatility

CRBN vs. VVIAX - Volatility Comparison

iShares MSCI ACWI Low Carbon Target ETF (CRBN) has a higher volatility of 3.67% compared to Vanguard Value Index Fund Admiral Shares (VVIAX) at 2.57%. This indicates that CRBN's price experiences larger fluctuations and is considered to be riskier than VVIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CRBNVVIAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.67%

2.57%

+1.10%

Volatility (6M)

Calculated over the trailing 6-month period

10.52%

7.59%

+2.93%

Volatility (1Y)

Calculated over the trailing 1-year period

13.05%

10.09%

+2.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.09%

13.91%

+2.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.90%

16.74%

+0.16%

CRBN vs. VVIAX - Expense Ratio Comparison

CRBN has a 0.20% expense ratio, which is higher than VVIAX's 0.05% 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. VVIAX - Dividend Comparison

CRBN's dividend yield for the trailing twelve months is around 1.99%, more than VVIAX's 1.85% yield.

PositionTTM20252024202320222021202020192018201720162015
CRBN
iShares MSCI ACWI Low Carbon Target ETF		1.99%2.21%1.94%2.01%1.95%1.57%1.41%2.27%2.51%2.05%2.27%2.01%
VVIAX
Vanguard Value Index Fund Admiral Shares		1.85%2.04%2.30%2.45%2.51%2.14%2.55%2.49%2.72%2.29%2.45%2.60%

Frequently Asked Questions

CRBN and VVIAX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CRBN has higher volatility (3.67%) compared to VVIAX (2.57%). In terms of maximum drawdown, CRBN dropped -33.13% vs VVIAX's -59.32%.

VVIAX currently has the higher Sharpe Ratio (2.61 vs 2.11), 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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