GRNB vs. ISHG
Compare and contrast key facts about VanEck Vectors Green Bond ETF (GRNB) and iShares 1-3 Year International Treasury Bond ETF (ISHG).
GRNB and ISHG 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. ISHG is a passively managed fund by iShares that tracks the performance of the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year. It was launched on Jan 21, 2009. Both GRNB and ISHG 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 ISHG.
Key characteristics
| GRNB | ISHG | |
|---|---|---|
| YTD Return | 4.11% | -1.30% |
| 1Y Return | 10.14% | 4.68% |
| 3Y Return (Ann) | -0.71% | -3.69% |
| 5Y Return (Ann) | 0.85% | -1.58% |
| Sharpe Ratio | 2.15 | 0.63 |
| Sortino Ratio | 3.30 | 0.97 |
| Omega Ratio | 1.40 | 1.12 |
| Calmar Ratio | 0.74 | 0.13 |
| Martin Ratio | 11.34 | 1.52 |
| Ulcer Index | 0.85% | 2.76% |
| Daily Std Dev | 4.48% | 6.60% |
| Max Drawdown | -18.07% | -37.26% |
| Current Drawdown | -4.12% | -29.33% |
Correlation
The correlation between GRNB and ISHG is 0.47, 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. ISHG - Performance Comparison
In the year-to-date period, GRNB achieves a 4.11% return, which is significantly higher than ISHG's -1.30% 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. ISHG - Expense Ratio Comparison
GRNB has a 0.20% expense ratio, which is lower than ISHG's 0.35% expense ratio.
Risk-Adjusted Performance
GRNB vs. ISHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Green Bond ETF (GRNB) and iShares 1-3 Year International Treasury Bond ETF (ISHG). 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. ISHG - Dividend Comparison
GRNB's dividend yield for the trailing twelve months is around 3.70%, more than ISHG's 0.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRNB VanEck Vectors Green Bond ETF | 3.70% | 3.18% | 2.61% | 1.98% | 2.24% | 1.80% | 1.22% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% |
ISHG iShares 1-3 Year International Treasury Bond ETF | 0.18% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% | 0.42% | 0.20% |
Drawdowns
GRNB vs. ISHG - Drawdown Comparison
The maximum GRNB drawdown since its inception was -18.07%, smaller than the maximum ISHG drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for GRNB and ISHG. For additional features, visit the drawdowns tool.
Volatility
GRNB vs. ISHG - Volatility Comparison
The current volatility for VanEck Vectors Green Bond ETF (GRNB) is 1.06%, while iShares 1-3 Year International Treasury Bond ETF (ISHG) has a volatility of 2.20%. This indicates that GRNB experiences smaller price fluctuations and is considered to be less risky than ISHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.