GRN vs. RSBY
GRN (iPath Series B Carbon ETN) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - GRN is a Commodities fund tracking the Barclays Global Carbon II Index, while RSBY is a Multistrategy fund actively managed by Return Stacked. GRN is passively managed, while RSBY is actively managed. Over the past year, GRN returned 14.99% vs 12.59% for RSBY. Their -0.10 correlation means they have often moved in opposite directions in the past. GRN charges 0.75%/yr vs 0.98%/yr for RSBY.
Performance
GRN vs. RSBY - Performance Comparison
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Returns By Period
In the year-to-date period, GRN achieves a -5.35% return, which is significantly lower than RSBY's 15.76% return.
GRN
- 1D
- -0.69%
- 1M
- 2.76%
- 6M
- 1.51%
- YTD
- -5.35%
- 1Y
- 14.99%
- 3Y*
- -1.14%
- 5Y*
- 8.97%
- 10Y*
- —
- ALL TIME*
- 17.42%
RSBY
- 1D
- -0.66%
- 1M
- -2.92%
- 6M
- 12.75%
- YTD
- 15.76%
- 1Y
- 12.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.04K | $14.40K | $18.78K | |
| $290.19K | $414.45K | $303.00K |
GRN vs. RSBY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRN iPath Series B Carbon ETN | -5.35% | 20.33% | -1.82% |
RSBY Return Stacked Bonds & Futures Yield ETF | 15.76% | -12.98% | -7.79% |
Correlation
The correlation between GRN and RSBY is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024 | -0.10 |
The correlation between GRN and RSBY shifts across timeframes, from -0.22 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GRN vs. RSBY — Risk / Return Rank
GRN
RSBY
GRN vs. RSBY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Series B Carbon ETN (GRN) and Return Stacked Bonds & Futures Yield ETF (RSBY). 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.
| GRN | RSBY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 1.64 | -1.21 |
| Martin ratioReturn relative to average drawdown | 1.05 | 3.71 | -2.67 |
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Drawdowns
GRN vs. RSBY - Drawdown Comparison
The maximum GRN drawdown since its inception was -47.96%, which is greater than RSBY's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for GRN and RSBY.
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Drawdown Indicators
| GRN | RSBY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.96% | -23.32% | -24.64% |
Max Drawdown (1Y)Largest decline over 1 year | -30.39% | -7.95% | -22.44% |
Max Drawdown (3Y)Largest decline over 3 years | -42.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.96% | — | — |
Current DrawdownCurrent decline from peak | -16.87% | -8.64% | -8.23% |
Average DrawdownAverage peak-to-trough decline | -17.55% | -13.14% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.48% | 3.51% | +8.97% |
Volatility
GRN vs. RSBY - Volatility Comparison
iPath Series B Carbon ETN (GRN) has a higher volatility of 9.21% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 2.93%. This indicates that GRN's price experiences larger fluctuations and is considered to be riskier than RSBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRN | RSBY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 2.93% | +6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 24.22% | 8.45% | +15.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.44% | 11.36% | +17.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.58% | 13.25% | +26.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.64% | 13.25% | +28.39% |
GRN vs. RSBY - Expense Ratio Comparison
GRN has a 0.75% expense ratio, which is lower than RSBY's 0.98% expense ratio.
Dividends
GRN vs. RSBY - Dividend Comparison
GRN has not paid dividends to shareholders, while RSBY's dividend yield for the trailing twelve months is around 1.79%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GRN iPath Series B Carbon ETN | 0.00% | 0.00% | 0.00% |
RSBY Return Stacked Bonds & Futures Yield ETF | 1.79% | 2.07% | 2.29% |
Frequently Asked Questions
GRN and RSBY have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRN has higher volatility (9.21%) compared to RSBY (2.93%). In terms of maximum drawdown, GRN dropped -47.96% vs RSBY's -23.32%.
On 1-year performance, GRN leads with 14.99% vs 12.59% for RSBY. On fees, GRN is cheaper at 0.75% per year. On volatility, RSBY has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GRN has performed better with a 14.99% return vs 12.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GRN is cheaper with a 0.75% expense ratio, compared with 0.98% for RSBY.
RSBY has the higher dividend yield at 1.79%, compared with 0.00% for GRN.
GRN is categorized as Commodities, while RSBY is Multistrategy. They also come from different issuers: Barclays Capital and Return Stacked. Their fees differ too: 0.75% for GRN and 0.98% for RSBY.
RSBY currently has the higher Sharpe Ratio (1.15 vs 0.46), 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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