SPFFX vs. CRBN
SPFFX (Sphere 500 Fossil Free Fund) and CRBN (iShares MSCI ACWI Low Carbon Target ETF) are both funds - SPFFX is a Large Cap Blend Equities fund managed by Reflection Asset Management, while CRBN is a Large Cap Growth Equities fund tracking the MSCI ACWI Low Carbon Target Index. Over the past 3 years, SPFFX returned 20.67%/yr vs 19.05%/yr for CRBN. Their correlation of 0.95 suggests significant overlap in exposure. SPFFX charges 0.11%/yr vs 0.20%/yr for CRBN.
Performance
SPFFX vs. CRBN - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SPFFX having a 10.47% return and CRBN slightly lower at 10.45%.
SPFFX
- 1D
- -1.01%
- 1M
- 1.33%
- 6M
- 9.06%
- YTD
- 10.47%
- 1Y
- 21.40%
- 3Y*
- 20.67%
- 5Y*
- —
- 10Y*
- —
CRBN
- 1D
- 0.53%
- 1M
- 0.91%
- 6M
- 7.87%
- YTD
- 10.45%
- 1Y
- 21.56%
- 3Y*
- 19.05%
- 5Y*
- 10.78%
- 10Y*
- 12.52%
SPFFX vs. CRBN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPFFX Sphere 500 Fossil Free Fund | 10.47% | 18.12% | 25.13% | 29.48% | -20.03% | 9.04% |
CRBN iShares MSCI ACWI Low Carbon Target ETF | 10.45% | 21.85% | 19.29% | 22.31% | -19.12% | 7.41% |
Correlation
The correlation between SPFFX and CRBN is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.95 |
The correlation between SPFFX and CRBN has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
SPFFX vs. CRBN — Risk / Return Rank
SPFFX
CRBN
SPFFX vs. CRBN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sphere 500 Fossil Free Fund (SPFFX) and iShares MSCI ACWI Low Carbon Target ETF (CRBN). 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.
| SPFFX | CRBN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.15 | -0.13 |
| Martin ratioReturn relative to average drawdown | 8.32 | 9.10 | -0.78 |
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Drawdowns
SPFFX vs. CRBN - Drawdown Comparison
The maximum SPFFX drawdown since its inception was -25.11%, smaller than the maximum CRBN drawdown of -33.13%. Use the drawdown chart below to compare losses from any high point for SPFFX and CRBN.
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Drawdown Indicators
| SPFFX | CRBN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.11% | -33.13% | +8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.75% | -10.08% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -19.97% | -16.60% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.13% | — |
Current DrawdownCurrent decline from peak | -1.53% | -1.24% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -5.17% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.37% | +0.23% |
Volatility
SPFFX vs. CRBN - Volatility Comparison
Sphere 500 Fossil Free Fund (SPFFX) has a higher volatility of 4.61% compared to iShares MSCI ACWI Low Carbon Target ETF (CRBN) at 4.29%. This indicates that SPFFX's price experiences larger fluctuations and is considered to be riskier than CRBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFFX | CRBN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 4.29% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.36% | 11.72% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 13.86% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 16.24% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 16.84% | +0.34% |
SPFFX vs. CRBN - Expense Ratio Comparison
SPFFX has a 0.11% expense ratio, which is lower than CRBN's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPFFX vs. CRBN - Dividend Comparison
SPFFX's dividend yield for the trailing twelve months is around 6.16%, more than CRBN's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRBN iShares MSCI ACWI Low Carbon Target ETF | 2.02% | 2.21% | 1.94% | 2.01% | 1.95% | 1.57% | 1.41% | 2.27% | 2.51% | 2.05% | 2.27% | 2.01% |
SPFFX Sphere 500 Fossil Free Fund | 6.16% | 6.80% | 1.06% | 1.32% | 0.73% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, SPFFX and CRBN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SPFFX has higher volatility (4.61%) compared to CRBN (4.29%). In terms of maximum drawdown, SPFFX dropped -25.11% vs CRBN's -33.13%.
CRBN currently has the higher Sharpe Ratio (1.56 vs 1.54), 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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