GRN vs. VOO
Compare and contrast key facts about iPath Series B Carbon ETN (GRN) and Vanguard S&P 500 ETF (VOO).
GRN and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRN is a passively managed fund by Barclays Capital that tracks the performance of the Barclays Global Carbon II Index. It was launched on Sep 10, 2019. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both GRN and VOO 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: GRN or VOO.
Performance
GRN vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, GRN achieves a -10.97% return, which is significantly lower than VOO's 25.52% return.
GRN
-10.97%
11.12%
-8.62%
-9.40%
-11.16%
N/A
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
| GRN | VOO | |
|---|---|---|
| Sharpe Ratio | -0.28 | 2.62 |
| Sortino Ratio | -0.17 | 3.50 |
| Omega Ratio | 0.98 | 1.49 |
| Calmar Ratio | -0.13 | 3.78 |
| Martin Ratio | -0.65 | 17.12 |
| Ulcer Index | 16.01% | 1.86% |
| Daily Std Dev | 37.23% | 12.19% |
| Max Drawdown | -82.36% | -33.99% |
| Current Drawdown | -75.60% | -1.36% |
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GRN vs. VOO - Expense Ratio Comparison
GRN has a 0.75% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between GRN and VOO is 0.18, 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.
Risk-Adjusted Performance
GRN vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Series B Carbon ETN (GRN) and Vanguard S&P 500 ETF (VOO). 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
GRN vs. VOO - Dividend Comparison
GRN has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.25%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRN iPath Series B Carbon ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
GRN vs. VOO - Drawdown Comparison
The maximum GRN drawdown since its inception was -82.36%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GRN and VOO. For additional features, visit the drawdowns tool.
Volatility
GRN vs. VOO - Volatility Comparison
iPath Series B Carbon ETN (GRN) has a higher volatility of 9.25% compared to Vanguard S&P 500 ETF (VOO) at 4.10%. This indicates that GRN's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.