UITB vs. GRNB
UITB (VictoryShares Core Intermediate Bond ETF) and GRNB (VanEck Green Bond ETF) are both exchange-traded funds - UITB is a Intermediate Core Bond fund actively managed by Victory Capital, while GRNB is a Global Bonds fund tracking the S&P Green Bond U.S. Dollar Select Index. UITB is actively managed, while GRNB is passively managed. Over the past 5 years, UITB returned 0.56%/yr vs 0.77%/yr for GRNB. A 0.76 correlation means they provide meaningful diversification when combined. UITB charges 0.38%/yr vs 0.20%/yr for GRNB.
Performance
UITB vs. GRNB - Performance Comparison
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Returns By Period
In the year-to-date period, UITB achieves a 0.17% return, which is significantly lower than GRNB's 0.43% return.
UITB
- 1D
- -0.19%
- 1M
- 0.24%
- YTD
- 0.17%
- 6M
- 0.03%
- 1Y
- 5.06%
- 3Y*
- 4.33%
- 5Y*
- 0.56%
- 10Y*
- —
GRNB
- 1D
- -0.19%
- 1M
- 0.45%
- YTD
- 0.43%
- 6M
- 0.57%
- 1Y
- 4.99%
- 3Y*
- 5.07%
- 5Y*
- 0.77%
- 10Y*
- —
UITB vs. GRNB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between UITB and GRNB 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 UITB and GRNB 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
UITB vs. GRNB — Risk / Return Rank
UITB
GRNB
UITB vs. GRNB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Intermediate Bond ETF (UITB) 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.
| UITB | GRNB | 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 | 1.25 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.00 | -0.19 |
| Martin ratioReturn relative to average drawdown | 5.57 | 7.82 | -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
| UITB | GRNB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.69 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.16 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.46 | 0.00 |
Drawdowns
UITB vs. GRNB - Drawdown Comparison
The maximum UITB drawdown since its inception was -17.02%, smaller than the maximum GRNB drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for UITB and GRNB.
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Drawdown Indicators
| UITB | GRNB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.02% | -18.08% | +1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -2.51% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.44% | -4.24% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -17.02% | -17.94% | +0.92% |
Current DrawdownCurrent decline from peak | -1.61% | -0.57% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.58% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.64% | +0.27% |
Volatility
UITB vs. GRNB - Volatility Comparison
VictoryShares Core Intermediate Bond ETF (UITB) has a higher volatility of 1.24% compared to VanEck Green Bond ETF (GRNB) at 0.93%. This indicates that UITB's price experiences larger fluctuations and is considered to be riskier than GRNB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UITB | GRNB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.93% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.34% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 2.96% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 4.92% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.88% | +0.10% |
UITB vs. GRNB - Expense Ratio Comparison
UITB has a 0.38% expense ratio, which is higher than GRNB's 0.20% expense ratio.
Dividends
UITB vs. GRNB - Dividend Comparison
UITB's dividend yield for the trailing twelve months is around 4.17%, less than 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% |
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
UITB and GRNB 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, UITB dropped -17.02% vs GRNB's -18.08%.
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.
UITB is categorized as Intermediate Core Bond, while GRNB is Global Bonds. They also come from different issuers: Victory Capital and VanEck. Their fees differ too: 0.38% for UITB and 0.20% for GRNB.
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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