GRNB vs. BNDX
Compare and contrast key facts about VanEck Vectors 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 Select Index. It was launched on Mar 3, 2017. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRNB or BNDX.
Key characteristics
| GRNB | BNDX | |
|---|---|---|
| YTD Return | 3.53% | 2.78% |
| 1Y Return | 8.28% | 7.26% |
| 3Y Return (Ann) | -0.75% | -0.95% |
| 5Y Return (Ann) | 0.63% | -0.08% |
| Sharpe Ratio | 2.11 | 1.93 |
| Sortino Ratio | 3.25 | 2.96 |
| Omega Ratio | 1.39 | 1.34 |
| Calmar Ratio | 0.78 | 0.71 |
| Martin Ratio | 10.78 | 7.14 |
| Ulcer Index | 0.88% | 1.13% |
| Daily Std Dev | 4.47% | 4.19% |
| Max Drawdown | -18.07% | -16.23% |
| Current Drawdown | -4.65% | -4.80% |
Correlation
The correlation between GRNB and BNDX is 0.62, 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.
Performance
GRNB vs. BNDX - Performance Comparison
In the year-to-date period, GRNB achieves a 3.53% return, which is significantly higher than BNDX's 2.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
GRNB vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors 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.
Dividends
GRNB vs. BNDX - Dividend Comparison
GRNB's dividend yield for the trailing twelve months is around 3.72%, less than BNDX's 4.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRNB VanEck Vectors Green Bond ETF | 3.72% | 3.18% | 2.61% | 1.98% | 2.24% | 1.80% | 1.22% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.78% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
GRNB vs. BNDX - Drawdown Comparison
The maximum GRNB drawdown since its inception was -18.07%, 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. For additional features, visit the drawdowns tool.
Volatility
GRNB vs. BNDX - Volatility Comparison
VanEck Vectors Green Bond ETF (GRNB) has a higher volatility of 1.10% compared to Vanguard Total International Bond ETF (BNDX) at 0.94%. This indicates that GRNB's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.