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GRN vs. XLE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GRN and XLE 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.


-0.50.00.51.0
Correlation: 0.2

Performance

GRN vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Series B Carbon ETN (GRN) and Energy Select Sector SPDR Fund (XLE). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%NovemberDecember2025FebruaryMarchApril
-51.40%
76.59%
GRN
XLE

Key characteristics

Sharpe Ratio

GRN:

0.03

XLE:

-0.46

Sortino Ratio

GRN:

0.28

XLE:

-0.45

Omega Ratio

GRN:

1.03

XLE:

0.93

Calmar Ratio

GRN:

0.01

XLE:

-0.57

Martin Ratio

GRN:

0.08

XLE:

-1.52

Ulcer Index

GRN:

11.60%

XLE:

7.53%

Daily Std Dev

GRN:

32.29%

XLE:

25.08%

Max Drawdown

GRN:

-82.36%

XLE:

-71.54%

Current Drawdown

GRN:

-76.74%

XLE:

-13.92%

Returns By Period

In the year-to-date period, GRN achieves a -8.42% return, which is significantly lower than XLE's -3.07% return.


GRN

YTD

-8.42%

1M

-5.87%

6M

-2.05%

1Y

-2.21%

5Y*

-8.87%

10Y*

N/A

XLE

YTD

-3.07%

1M

-12.15%

6M

-6.73%

1Y

-11.93%

5Y*

24.00%

10Y*

4.04%

*Annualized

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GRN vs. XLE - Expense Ratio Comparison

GRN has a 0.75% expense ratio, which is higher than XLE's 0.13% expense ratio.


Expense ratio chart for GRN: current value is 0.75%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GRN: 0.75%
Expense ratio chart for XLE: current value is 0.13%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XLE: 0.13%

Risk-Adjusted Performance

GRN vs. XLE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GRN
The Risk-Adjusted Performance Rank of GRN is 2222
Overall Rank
The Sharpe Ratio Rank of GRN is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of GRN is 2626
Sortino Ratio Rank
The Omega Ratio Rank of GRN is 2323
Omega Ratio Rank
The Calmar Ratio Rank of GRN is 2020
Calmar Ratio Rank
The Martin Ratio Rank of GRN is 2121
Martin Ratio Rank

XLE
The Risk-Adjusted Performance Rank of XLE is 44
Overall Rank
The Sharpe Ratio Rank of XLE is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of XLE is 55
Sortino Ratio Rank
The Omega Ratio Rank of XLE is 55
Omega Ratio Rank
The Calmar Ratio Rank of XLE is 11
Calmar Ratio Rank
The Martin Ratio Rank of XLE is 11
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GRN vs. XLE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iPath Series B Carbon ETN (GRN) and Energy Select Sector SPDR Fund (XLE). 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.


The chart of Sharpe ratio for GRN, currently valued at 0.03, compared to the broader market-1.000.001.002.003.004.00
GRN: 0.03
XLE: -0.46
The chart of Sortino ratio for GRN, currently valued at 0.28, compared to the broader market-2.000.002.004.006.008.00
GRN: 0.28
XLE: -0.45
The chart of Omega ratio for GRN, currently valued at 1.03, compared to the broader market0.501.001.502.002.50
GRN: 1.03
XLE: 0.93
The chart of Calmar ratio for GRN, currently valued at 0.01, compared to the broader market0.002.004.006.008.0010.0012.00
GRN: 0.01
XLE: -0.57
The chart of Martin ratio for GRN, currently valued at 0.08, compared to the broader market0.0020.0040.0060.00
GRN: 0.08
XLE: -1.52

The current GRN Sharpe Ratio is 0.03, which is higher than the XLE Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of GRN and XLE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
0.03
-0.46
GRN
XLE

Dividends

GRN vs. XLE - Dividend Comparison

GRN has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 3.47%.


TTM20242023202220212020201920182017201620152014
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%
XLE
Energy Select Sector SPDR Fund
3.47%3.36%3.55%3.68%4.21%5.62%5.73%3.54%3.03%2.26%3.39%2.35%

Drawdowns

GRN vs. XLE - Drawdown Comparison

The maximum GRN drawdown since its inception was -82.36%, which is greater than XLE's maximum drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for GRN and XLE. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-76.74%
-13.92%
GRN
XLE

Volatility

GRN vs. XLE - Volatility Comparison

The current volatility for iPath Series B Carbon ETN (GRN) is 11.00%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 17.44%. This indicates that GRN experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
11.00%
17.44%
GRN
XLE