GRNB vs. DGCB
Compare and contrast key facts about VanEck Green Bond ETF (GRNB) and Dimensional Global Credit ETF (DGCB).
GRNB and DGCB 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. DGCB is an actively managed fund by Dimensional. It was launched on Nov 7, 2023.
Performance
GRNB vs. DGCB - Performance Comparison
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GRNB vs. DGCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GRNB VanEck Green Bond ETF | -0.87% | 7.09% | 3.31% | 5.30% |
DGCB Dimensional Global Credit ETF | -0.19% | 6.68% | 3.80% | 6.14% |
Returns By Period
In the year-to-date period, GRNB achieves a -0.87% return, which is significantly lower than DGCB's -0.19% return.
GRNB
- 1D
- 0.37%
- 1M
- -1.85%
- YTD
- -0.87%
- 6M
- 0.15%
- 1Y
- 3.89%
- 3Y*
- 4.56%
- 5Y*
- 0.71%
- 10Y*
- —
DGCB
- 1D
- 0.68%
- 1M
- -2.04%
- YTD
- -0.19%
- 6M
- 0.41%
- 1Y
- 4.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GRNB vs. DGCB - Expense Ratio Comparison
Both GRNB and DGCB 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. DGCB — Risk / Return Rank
GRNB
DGCB
GRNB vs. DGCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Green Bond ETF (GRNB) and Dimensional Global Credit ETF (DGCB). 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 | DGCB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.06 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.59 | 1.48 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.60 | +0.04 |
Martin ratioReturn relative to average drawdown | 6.81 | 5.56 | +1.25 |
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 | DGCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.06 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.45 | -1.01 |
Correlation
The correlation between GRNB and DGCB is 0.85, 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. DGCB - Dividend Comparison
GRNB's dividend yield for the trailing twelve months is around 4.29%, more than DGCB's 2.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRNB VanEck Green Bond ETF | 4.29% | 4.18% | 3.83% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% |
DGCB Dimensional Global Credit ETF | 2.85% | 3.43% | 4.72% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GRNB vs. DGCB - Drawdown Comparison
The maximum GRNB drawdown since its inception was -18.08%, which is greater than DGCB's maximum drawdown of -3.50%. Use the drawdown chart below to compare losses from any high point for GRNB and DGCB.
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Drawdown Indicators
| GRNB | DGCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -3.50% | -14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -3.08% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -2.04% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -0.77% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.88% | -0.28% |
Volatility
GRNB vs. DGCB - Volatility Comparison
The current volatility for VanEck Green Bond ETF (GRNB) is 1.69%, while Dimensional Global Credit ETF (DGCB) has a volatility of 2.15%. This indicates that GRNB experiences smaller price fluctuations and is considered to be less risky than DGCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRNB | DGCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 2.15% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 2.72% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 4.49% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 4.82% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 4.82% | +0.09% |