GRN vs. VXX
Compare and contrast key facts about iPath Series B Carbon ETN (GRN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX).
GRN and VXX 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. VXX is a passively managed fund by Barclays Capital that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 19, 2018. Both GRN and VXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GRN vs. VXX - Performance Comparison
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GRN vs. VXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GRN iPath Series B Carbon ETN | -14.32% | 20.33% | -7.34% | -2.99% | -0.07% | 147.21% | 30.47% | -8.41% |
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | 31.21% | -42.21% | -26.22% | -72.52% | -23.80% | -72.41% | 11.04% | -38.03% |
Returns By Period
In the year-to-date period, GRN achieves a -14.32% return, which is significantly lower than VXX's 31.21% return.
GRN
- 1D
- 2.15%
- 1M
- 6.21%
- YTD
- -14.32%
- 6M
- -3.77%
- 1Y
- 6.98%
- 3Y*
- -6.38%
- 5Y*
- 11.84%
- 10Y*
- —
VXX
- 1D
- -2.72%
- 1M
- 18.69%
- YTD
- 31.21%
- 6M
- 5.34%
- 1Y
- -32.54%
- 3Y*
- -42.18%
- 5Y*
- -45.27%
- 10Y*
- -46.34%
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GRN vs. VXX - Expense Ratio Comparison
GRN has a 0.75% expense ratio, which is lower than VXX's 0.89% expense ratio.
Return for Risk
GRN vs. VXX — Risk / Return Rank
GRN
VXX
GRN vs. VXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Series B Carbon ETN (GRN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). 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.
| GRN | VXX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | -0.44 | +0.67 |
Sortino ratioReturn per unit of downside risk | 0.52 | -0.25 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.07 | 0.97 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.32 | -0.47 | +0.79 |
Martin ratioReturn relative to average drawdown | 1.02 | -0.59 | +1.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GRN | VXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | -0.44 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | -0.66 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | -0.75 | +1.15 |
Correlation
The correlation between GRN and VXX is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GRN vs. VXX - Dividend Comparison
Neither GRN nor VXX has paid dividends to shareholders.
Drawdowns
GRN vs. VXX - Drawdown Comparison
The maximum GRN drawdown since its inception was -47.96%, smaller than the maximum VXX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GRN and VXX.
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Drawdown Indicators
| GRN | VXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.96% | -100.00% | +52.04% |
Max Drawdown (1Y)Largest decline over 1 year | -30.39% | -69.85% | +39.46% |
Max Drawdown (5Y)Largest decline over 5 years | -47.96% | -96.67% | +48.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.87% | — |
Current DrawdownCurrent decline from peak | -24.75% | -100.00% | +75.25% |
Average DrawdownAverage peak-to-trough decline | -17.38% | -95.03% | +77.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.53% | 54.84% | -45.31% |
Volatility
GRN vs. VXX - Volatility Comparison
The current volatility for iPath Series B Carbon ETN (GRN) is 12.15%, while iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a volatility of 28.80%. This indicates that GRN experiences smaller price fluctuations and is considered to be less risky than VXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRN | VXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.15% | 28.80% | -16.65% |
Volatility (6M)Calculated over the trailing 6-month period | 23.75% | 46.98% | -23.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.70% | 74.80% | -45.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.23% | 69.04% | -28.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.32% | 71.15% | -28.83% |