GRNB vs. BNDX

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Green Bond ETF (GRNB) and Vanguard Total International Bond ETF (BNDX).

GRNB and BNDX 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. BNDX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). It was launched on May 31, 2013. Both GRNB and BNDX 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. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Green Bond ETF (GRNB) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

GRNB vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GRNB VanEck Green Bond ETF	-0.81%	7.09%	3.31%	7.08%	-11.93%	-2.36%	7.98%	5.40%	-4.07%	9.87%
BNDX Vanguard Total International Bond ETF	0.02%	2.86%	3.57%	8.77%	-12.76%	-2.29%	4.65%	7.87%	2.81%	2.68%

Returns By Period

In the year-to-date period, GRNB achieves a -0.81% return, which is significantly lower than BNDX's 0.02% return.

GRNB

• 1D: 0.06%
• 1M: -1.51%
• YTD: -0.81%
• 6M: -0.03%
• 1Y: 3.74%
• 3Y*: 4.58%
• 5Y*: 0.72%
• 10Y*: —

BNDX

• 1D: 0.15%
• 1M: -1.65%
• YTD: 0.02%
• 6M: 0.27%
• 1Y: 2.71%
• 3Y*: 3.88%
• 5Y*: 0.20%
• 10Y*: 1.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GRNB vs. BNDX - Expense Ratio Comparison

GRNB has a 0.20% expense ratio, which is higher than BNDX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

GRNB

VanEck Green Bond ETF

BNDX

Vanguard Total International Bond ETF

Return for Risk

GRNB vs. BNDX — Risk / Return Rank

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

GRNB

GRNB Risk / Return Rank: 57
GRNB Sharpe Ratio Rank: 58
GRNB Sortino Ratio Rank: 56
GRNB Omega Ratio Rank: 52
GRNB Calmar Ratio Rank: 58
GRNB Martin Ratio Rank: 61

BNDX

BNDX Risk / Return Rank: 40
BNDX Sharpe Ratio Rank: 44
BNDX Sortino Ratio Rank: 40
BNDX Omega Ratio Rank: 36
BNDX Calmar Ratio Rank: 38
BNDX Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GRNB vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Green Bond ETF (GRNB) and Vanguard Total International Bond ETF (BNDX). 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	BNDX	Difference
Sharpe ratio Return per unit of total volatility	1.07	0.85	+0.22
Sortino ratio Return per unit of downside risk	1.53	1.19	+0.34
Omega ratio Gain probability vs. loss probability	1.21	1.15	+0.05
Calmar ratio Return relative to maximum drawdown	1.58	1.01	+0.57
Martin ratio Return relative to average drawdown	6.43	4.10	+2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRNB vs. BNDX - Sharpe Ratio Comparison

The current GRNB Sharpe Ratio is 1.07, which is comparable to the BNDX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of GRNB and BNDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GRNB	BNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	0.85	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.04	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.61	-0.17

Correlation

The correlation between GRNB and BNDX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GRNB vs. BNDX - Dividend Comparison

GRNB's dividend yield for the trailing twelve months is around 4.35%, less than BNDX's 4.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
BNDX Vanguard Total International Bond ETF	4.46%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%

Drawdowns

GRNB vs. BNDX - Drawdown Comparison

The maximum GRNB drawdown since its inception was -18.08%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for GRNB and BNDX.

Drawdown Indicators

	GRNB	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-18.08%	-16.23%	-1.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	-2.93%	+0.42%
Max Drawdown (5Y) Largest decline over 5 years	-17.94%	-15.86%	-2.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-16.23%	—
Current Drawdown Current decline from peak	-1.80%	-1.99%	+0.19%
Average Drawdown Average peak-to-trough decline	-4.65%	-3.10%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	0.72%	-0.11%

Volatility

GRNB vs. BNDX - Volatility Comparison

VanEck Green Bond ETF (GRNB) and Vanguard Total International Bond ETF (BNDX) have volatilities of 1.69% and 1.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRNB	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.69%	1.74%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.20%	2.29%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	3.51%	3.21%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.92%	4.81%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.90%	4.05%	+0.85%