GRNB vs. BGRN
Compare and contrast key facts about VanEck Green Bond ETF (GRNB) and iShares USD Green Bond ETF (BGRN).
GRNB and BGRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRNB is a passively managed fund by VanEck that tracks the performance of the S&P Green Bond U.S. Dollar Select Index. It was launched on Mar 3, 2017. BGRN is a passively managed fund by iShares that tracks the performance of the Bloomberg MSCI USD Green Bond Select Index. It was launched on Nov 13, 2018. Both GRNB and BGRN 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
GRNB vs. BGRN - Performance Comparison
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GRNB vs. BGRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GRNB VanEck Green Bond ETF | -0.81% | 7.09% | 3.31% | 7.08% | -11.93% | -2.36% | 7.98% | 5.40% | 2.03% |
BGRN iShares USD Green Bond ETF | -0.35% | 7.27% | 2.77% | 6.50% | -13.06% | -2.80% | 6.86% | 9.70% | 1.14% |
Returns By Period
In the year-to-date period, GRNB achieves a -0.81% return, which is significantly lower than BGRN's -0.35% return.
GRNB
- 1D
- 0.06%
- 1M
- -1.51%
- YTD
- -0.81%
- 6M
- -0.03%
- 1Y
- 3.74%
- 3Y*
- 4.58%
- 5Y*
- 0.72%
- 10Y*
- —
BGRN
- 1D
- -0.08%
- 1M
- -1.27%
- YTD
- -0.35%
- 6M
- 0.46%
- 1Y
- 4.44%
- 3Y*
- 4.34%
- 5Y*
- 0.29%
- 10Y*
- —
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GRNB vs. BGRN - Expense Ratio Comparison
Both GRNB and BGRN have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
GRNB vs. BGRN — Risk / Return Rank
GRNB
BGRN
GRNB vs. BGRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Green Bond ETF (GRNB) and iShares USD Green Bond ETF (BGRN). 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.
| GRNB | BGRN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.26 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.80 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.01 | -0.44 |
Martin ratioReturn relative to average drawdown | 6.43 | 6.94 | -0.51 |
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
| GRNB | BGRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.26 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.05 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.44 | 0.00 |
Correlation
The correlation between GRNB and BGRN is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GRNB vs. BGRN - Dividend Comparison
GRNB's dividend yield for the trailing twelve months is around 4.35%, more than BGRN's 4.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRNB VanEck Green Bond ETF | 4.35% | 4.18% | 3.83% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% |
BGRN iShares USD Green Bond ETF | 4.27% | 4.21% | 4.07% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% | 0.00% |
Drawdowns
GRNB vs. BGRN - Drawdown Comparison
The maximum GRNB drawdown since its inception was -18.08%, smaller than the maximum BGRN drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for GRNB and BGRN.
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Drawdown Indicators
| GRNB | BGRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -19.16% | +1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -2.23% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | -18.73% | +0.79% |
Current DrawdownCurrent decline from peak | -1.80% | -1.61% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -5.90% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.65% | -0.04% |
Volatility
GRNB vs. BGRN - Volatility Comparison
VanEck Green Bond ETF (GRNB) has a higher volatility of 1.69% compared to iShares USD Green Bond ETF (BGRN) at 1.45%. This indicates that GRNB's price experiences larger fluctuations and is considered to be riskier than BGRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRNB | BGRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.45% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 2.04% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 3.53% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 5.46% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 5.03% | -0.13% |