GRNB vs. UITB
GRNB (VanEck Green Bond ETF) and UITB (VictoryShares Core Intermediate 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 UITB is a Intermediate Core Bond fund actively managed by Victory Capital. GRNB is passively managed, while UITB is actively managed. Over the past 5 years, GRNB returned 0.77%/yr vs 0.56%/yr for UITB. A 0.76 correlation means they provide meaningful diversification when combined. GRNB charges 0.20%/yr vs 0.38%/yr for UITB.
Performance
GRNB vs. UITB - Performance Comparison
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Returns By Period
In the year-to-date period, GRNB achieves a 0.43% return, which is significantly higher than UITB's 0.17% return.
GRNB
- 1D
- -0.19%
- 1M
- 0.45%
- YTD
- 0.43%
- 6M
- 0.57%
- 1Y
- 4.99%
- 3Y*
- 5.07%
- 5Y*
- 0.77%
- 10Y*
- —
UITB
- 1D
- -0.19%
- 1M
- 0.24%
- YTD
- 0.17%
- 6M
- 0.03%
- 1Y
- 5.06%
- 3Y*
- 4.33%
- 5Y*
- 0.56%
- 10Y*
- —
GRNB vs. UITB - 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% | 1.85% |
UITB VictoryShares Core Intermediate Bond ETF | 0.17% | 7.32% | 1.81% | 6.49% | -12.23% | -0.88% | 7.99% | 11.40% | -1.31% | 0.99% |
Correlation
The correlation between GRNB and UITB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.76 |
The correlation between GRNB and UITB shifts across timeframes, from 0.76 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GRNB vs. UITB — Risk / Return Rank
GRNB
UITB
GRNB vs. UITB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Green Bond ETF (GRNB) and VictoryShares Core Intermediate Bond ETF (UITB). 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 | UITB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.81 | +0.19 |
| Martin ratioReturn relative to average drawdown | 7.82 | 5.57 | +2.25 |
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 | UITB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.39 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.10 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.46 | 0.00 |
Drawdowns
GRNB vs. UITB - Drawdown Comparison
The maximum GRNB drawdown since its inception was -18.08%, which is greater than UITB's maximum drawdown of -17.02%. Use the drawdown chart below to compare losses from any high point for GRNB and UITB.
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Drawdown Indicators
| GRNB | UITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -17.02% | -1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -2.80% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.24% | -5.44% | +1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | -17.02% | -0.92% |
Current DrawdownCurrent decline from peak | -0.57% | -1.61% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -4.35% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.91% | -0.27% |
Volatility
GRNB vs. UITB - Volatility Comparison
The current volatility for VanEck Green Bond ETF (GRNB) is 0.93%, while VictoryShares Core Intermediate Bond ETF (UITB) has a volatility of 1.24%. This indicates that GRNB experiences smaller price fluctuations and is considered to be less risky than UITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRNB | UITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 1.24% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 2.58% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 3.66% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 5.64% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 4.98% | -0.10% |
GRNB vs. UITB - Expense Ratio Comparison
GRNB has a 0.20% expense ratio, which is lower than UITB's 0.38% expense ratio.
Dividends
GRNB vs. UITB - Dividend Comparison
GRNB's dividend yield for the trailing twelve months is around 4.24%, more than UITB's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UITB VictoryShares Core Intermediate Bond ETF | 4.17% | 4.04% | 3.89% | 3.14% | 2.32% | 1.95% | 2.79% | 3.01% | 2.99% | 0.50% |
Frequently Asked Questions
GRNB and UITB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UITB has higher volatility (1.24%) compared to GRNB (0.93%). In terms of maximum drawdown, GRNB dropped -18.08% vs UITB's -17.02%.
On 5-year performance, GRNB leads with 0.77% vs 0.56% for UITB. On fees, GRNB is cheaper at 0.20% per year. On volatility, GRNB has been the lower-risk option at 0.93%. 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 0.77% return vs 0.56%. 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 0.38% for UITB.
GRNB has the higher dividend yield at 4.24%, compared with 4.17% for UITB.
GRNB is categorized as Global Bonds, while UITB is Intermediate Core Bond. They also come from different issuers: VanEck and Victory Capital. Their fees differ too: 0.20% for GRNB and 0.38% for UITB.
GRNB currently has the higher Sharpe Ratio (1.69 vs 1.39), 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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