GRNB vs. FLTR
GRNB (VanEck Green Bond ETF) and FLTR (VanEck Vectors Investment Grade Floating Rate ETF) are both exchange-traded funds - GRNB is a Global Bonds fund tracking the S&P Green Bond U.S. Dollar Select Index, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 5 years, GRNB returned 0.77%/yr vs 4.49%/yr for FLTR. At a 0.07 correlation, their price movements are largely independent. GRNB charges 0.20%/yr vs 0.14%/yr for FLTR.
Performance
GRNB vs. FLTR - Performance Comparison
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Returns By Period
In the year-to-date period, GRNB achieves a 0.43% return, which is significantly lower than FLTR's 1.91% return.
GRNB
- 1D
- -0.19%
- 1M
- 0.45%
- YTD
- 0.43%
- 6M
- 0.57%
- 1Y
- 4.99%
- 3Y*
- 5.07%
- 5Y*
- 0.77%
- 10Y*
- —
FLTR
- 1D
- -0.04%
- 1M
- 0.46%
- YTD
- 1.91%
- 6M
- 2.40%
- 1Y
- 5.30%
- 3Y*
- 6.10%
- 5Y*
- 4.49%
- 10Y*
- 3.51%
GRNB vs. FLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRNB VanEck Green Bond ETF | 0.43% | 7.09% | 3.31% | 7.08% | -11.93% | -2.36% | 7.98% | 5.40% | -4.07% | 9.87% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 1.91% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.44% | 5.70% | 0.30% | 1.85% |
Correlation
The correlation between GRNB and FLTR is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2017 | 0.07 |
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Return for Risk
GRNB vs. FLTR — Risk / Return Rank
GRNB
FLTR
GRNB vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Green Bond ETF (GRNB) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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 | FLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.08 | ||
| Sortino ratioReturn per unit of downside risk | -10.31 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 3.15 | -1.83 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 16.96 | -14.96 |
| Martin ratioReturn relative to average drawdown | 7.82 | 101.23 | -93.41 |
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 | FLTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 6.77 | -5.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 2.11 | -1.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.53 | -0.07 |
Drawdowns
GRNB vs. FLTR - Drawdown Comparison
The maximum GRNB drawdown since its inception was -18.08%, roughly equal to the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for GRNB and FLTR.
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Drawdown Indicators
| GRNB | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -17.84% | -0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -0.31% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.24% | -1.93% | -2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | -3.06% | -14.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.84% | — |
Current DrawdownCurrent decline from peak | -0.57% | -0.04% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -0.67% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.05% | +0.59% |
Volatility
GRNB vs. FLTR - Volatility Comparison
VanEck Green Bond ETF (GRNB) has a higher volatility of 0.93% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.25%. This indicates that GRNB's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRNB | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.25% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 0.62% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 0.79% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 2.13% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 5.00% | -0.12% |
GRNB vs. FLTR - Expense Ratio Comparison
GRNB has a 0.20% expense ratio, which is higher than FLTR's 0.14% 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%.
Dividends
GRNB vs. FLTR - Dividend Comparison
GRNB's dividend yield for the trailing twelve months is around 4.24%, less than FLTR's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 4.73% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
GRNB VanEck Green Bond ETF | 4.24% | 4.18% | 3.83% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% | 0.00% | 0.00% |
Frequently Asked Questions
GRNB and FLTR have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRNB has higher volatility (0.93%) compared to FLTR (0.25%). In terms of maximum drawdown, GRNB dropped -18.08% vs FLTR's -17.84%.
On 5-year performance, FLTR leads with 4.49% vs 0.77% for GRNB. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLTR has performed better with a 4.49% return vs 0.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 0.20% for GRNB.
FLTR has the higher dividend yield at 4.73%, compared with 4.24% for GRNB.
GRNB is categorized as Global Bonds, while FLTR is Corporate Bonds. GRNB tracks S&P Green Bond U.S. Dollar Select Index, while FLTR tracks MVIS US Investment Grade Floating Rate Index. Their fees differ too: 0.20% for GRNB and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.77 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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