GRNB vs. IBND
GRNB (VanEck Green Bond ETF) and IBND (SPDR Bloomberg Barclays International Corporate Bond ETF) are both exchange-traded funds - GRNB is a Global Bonds fund tracking the S&P Green Bond U.S. Dollar Select Index, while IBND is a Corporate Bonds fund tracking the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. Both are passively managed. Over the past 5 years, GRNB returned 0.58%/yr vs -1.48%/yr for IBND. A 0.56 correlation means they provide meaningful diversification when combined. GRNB charges 0.20%/yr vs 0.50%/yr for IBND.
Performance
GRNB vs. IBND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GRNB achieves a 0.30% return, which is significantly higher than IBND's -2.74% return.
GRNB
- 1D
- -0.21%
- 1M
- -0.25%
- 6M
- 0.24%
- YTD
- 0.30%
- 1Y
- 3.71%
- 3Y*
- 4.94%
- 5Y*
- 0.58%
- 10Y*
- —
IBND
- 1D
- -0.68%
- 1M
- -1.81%
- 6M
- -2.62%
- YTD
- -2.74%
- 1Y
- -1.37%
- 3Y*
- 4.39%
- 5Y*
- -1.48%
- 10Y*
- 0.56%
GRNB vs. IBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRNB VanEck Green Bond ETF | 0.30% | 7.09% | 3.31% | 7.08% | -11.93% | -2.36% | 7.98% | 5.40% | -4.07% | 9.87% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -2.74% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 4.41% | -6.15% | 14.77% |
Correlation
The correlation between GRNB and IBND is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2017 | 0.56 |
The correlation between GRNB and IBND has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GRNB vs. IBND — Risk / Return Rank
GRNB
IBND
GRNB vs. IBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Green Bond ETF (GRNB) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GRNB | IBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.98 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | -0.20 | +1.69 |
| Martin ratioReturn relative to average drawdown | 5.71 | -0.48 | +6.19 |
Loading charts...
Drawdowns
GRNB vs. IBND - Drawdown Comparison
The maximum GRNB drawdown since its inception was -18.08%, smaller than the maximum IBND drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for GRNB and IBND.
Loading charts...
Drawdown Indicators
| GRNB | IBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -35.62% | +17.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -6.75% | +4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.24% | -9.18% | +4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | -33.49% | +15.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.62% | — |
Current DrawdownCurrent decline from peak | -0.74% | -10.97% | +10.23% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -10.63% | +6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 2.84% | -2.19% |
Volatility
GRNB vs. IBND - Volatility Comparison
The current volatility for VanEck Green Bond ETF (GRNB) is 0.90%, while SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a volatility of 2.12%. This indicates that GRNB experiences smaller price fluctuations and is considered to be less risky than IBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GRNB | IBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 2.12% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 6.37% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 8.01% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 9.76% | -4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 8.92% | -4.06% |
GRNB vs. IBND - Expense Ratio Comparison
GRNB has a 0.20% expense ratio, which is lower than IBND's 0.50% expense ratio.
Dividends
GRNB vs. IBND - Dividend Comparison
GRNB's dividend yield for the trailing twelve months is around 4.39%, more than IBND's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRNB VanEck Green Bond ETF | 4.39% | 4.18% | 3.83% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% | 0.00% | 0.00% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.81% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
Frequently Asked Questions
GRNB and IBND have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBND has higher volatility (2.12%) compared to GRNB (0.90%). In terms of maximum drawdown, GRNB dropped -18.08% vs IBND's -35.62%.
On 5-year performance, GRNB leads with 0.58% vs -1.48% for IBND. On fees, GRNB is cheaper at 0.20% per year. On volatility, GRNB has been the lower-risk option at 0.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GRNB has performed better with a 0.58% return vs -1.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GRNB is cheaper with a 0.20% expense ratio, compared with 0.50% for IBND.
GRNB has the higher dividend yield at 4.39%, compared with 2.81% for IBND.
GRNB is categorized as Global Bonds, while IBND is Corporate Bonds. GRNB tracks S&P Green Bond U.S. Dollar Select Index, while IBND tracks Bloomberg Global Aggregate x USD >$1B: Corporate Bond. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.20% for GRNB and 0.50% for IBND.
GRNB currently has the higher Sharpe Ratio (1.25 vs -0.17), 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.
Find the right allocation for GRNB and IBND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer