SPSK vs. GRNB
SPSK (SP Funds Dow Jones Global Sukuk ETF) and GRNB (VanEck Green Bond ETF) are both Global Bonds funds - SPSK tracks the Dow Jones Sukuk Total Return (No Coupon Reinvestment) while GRNB tracks the S&P Green Bond U.S. Dollar Select Index. Both are passively managed. Over the past 5 years, SPSK returned 0.83%/yr vs 0.77%/yr for GRNB. At a 0.48 correlation, their price movements are largely independent. SPSK charges 0.50%/yr vs 0.20%/yr for GRNB.
Performance
SPSK vs. GRNB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPSK achieves a 0.03% return, which is significantly lower than GRNB's 0.43% return.
SPSK
- 1D
- -0.22%
- 1M
- 0.40%
- YTD
- 0.03%
- 6M
- -0.08%
- 1Y
- 3.74%
- 3Y*
- 3.95%
- 5Y*
- 0.83%
- 10Y*
- —
GRNB
- 1D
- -0.19%
- 1M
- 0.45%
- YTD
- 0.43%
- 6M
- 0.57%
- 1Y
- 4.99%
- 3Y*
- 5.07%
- 5Y*
- 0.77%
- 10Y*
- —
SPSK vs. GRNB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPSK SP Funds Dow Jones Global Sukuk ETF | 0.03% | 6.16% | 2.95% | 3.95% | -7.75% | -1.30% | 3.67% | 0.02% |
GRNB VanEck Green Bond ETF | 0.43% | 7.09% | 3.31% | 7.08% | -11.93% | -2.36% | 7.98% | -0.08% |
Correlation
The correlation between SPSK and GRNB is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019 | 0.48 |
The correlation between SPSK and GRNB shifts across timeframes, from 0.44 (3 years) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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
SPSK vs. GRNB — Risk / Return Rank
SPSK
GRNB
SPSK vs. GRNB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds Dow Jones Global Sukuk ETF (SPSK) and VanEck Green Bond ETF (GRNB). 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.
| SPSK | GRNB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.00 | -0.68 |
| Martin ratioReturn relative to average drawdown | 4.43 | 7.82 | -3.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPSK | GRNB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.69 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.16 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.46 | -0.26 |
Drawdowns
SPSK vs. GRNB - Drawdown Comparison
The maximum SPSK drawdown since its inception was -12.83%, smaller than the maximum GRNB drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for SPSK and GRNB.
Loading charts...
Drawdown Indicators
| SPSK | GRNB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.83% | -18.08% | +5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.51% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -3.17% | -4.24% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -17.94% | +5.49% |
Current DrawdownCurrent decline from peak | -1.03% | -0.57% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -4.58% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.64% | +0.20% |
Volatility
SPSK vs. GRNB - Volatility Comparison
SP Funds Dow Jones Global Sukuk ETF (SPSK) and VanEck Green Bond ETF (GRNB) have volatilities of 0.96% and 0.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPSK | GRNB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.93% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 2.34% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 2.96% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.29% | 4.92% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 4.88% | +0.58% |
SPSK vs. GRNB - Expense Ratio Comparison
SPSK has a 0.50% expense ratio, which is higher than GRNB's 0.20% expense ratio.
Dividends
SPSK vs. GRNB - Dividend Comparison
SPSK's dividend yield for the trailing twelve months is around 4.24%, which matches GRNB's 4.24% 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% |
SPSK SP Funds Dow Jones Global Sukuk ETF | 4.24% | 3.63% | 3.53% | 2.95% | 2.22% | 2.56% | 1.78% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPSK and GRNB have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPSK has higher volatility (0.96%) compared to GRNB (0.93%). In terms of maximum drawdown, SPSK dropped -12.83% vs GRNB's -18.08%.
On 5-year performance, SPSK leads with 0.83% vs 0.77% for GRNB. On fees, GRNB is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPSK has performed better with a 0.83% return vs 0.77%. 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 SPSK.
SPSK and GRNB have nearly identical dividend yields, around 4.24%.
SPSK tracks Dow Jones Sukuk Total Return (No Coupon Reinvestment), while GRNB tracks S&P Green Bond U.S. Dollar Select Index. They also come from different issuers: SP Funds and VanEck. Their fees differ too: 0.50% for SPSK and 0.20% for GRNB.
GRNB currently has the higher Sharpe Ratio (1.69 vs 0.98), 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 SPSK and GRNB
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