VCEB vs. BGRN
Compare and contrast key facts about Vanguard ESG U.S. Corporate Bond ETF (VCEB) and iShares Global Green Bond ETF (BGRN).
VCEB and BGRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCEB is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays MSCI US Corp SRI Select Index. It was launched on Sep 22, 2020. BGRN is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays MSCI Green Bond Select USD Hedged Index. It was launched on Nov 13, 2018. Both VCEB and BGRN 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: VCEB or BGRN.
Key characteristics
| VCEB | BGRN | |
|---|---|---|
| YTD Return | 3.50% | 3.43% |
| 1Y Return | 11.01% | 9.44% |
| 3Y Return (Ann) | -1.58% | -1.64% |
| Sharpe Ratio | 1.91 | 2.14 |
| Sortino Ratio | 2.89 | 3.17 |
| Omega Ratio | 1.34 | 1.40 |
| Calmar Ratio | 0.72 | 0.67 |
| Martin Ratio | 7.96 | 10.19 |
| Ulcer Index | 1.43% | 0.99% |
| Daily Std Dev | 5.97% | 4.68% |
| Max Drawdown | -21.61% | -19.16% |
| Current Drawdown | -6.61% | -7.04% |
Correlation
The correlation between VCEB and BGRN is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VCEB vs. BGRN - Performance Comparison
The year-to-date returns for both stocks are quite close, with VCEB having a 3.50% return and BGRN slightly lower at 3.43%. 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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VCEB vs. BGRN - Expense Ratio Comparison
VCEB has a 0.12% expense ratio, which is lower than BGRN'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%.
Risk-Adjusted Performance
VCEB vs. BGRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG U.S. Corporate Bond ETF (VCEB) and iShares Global Green Bond ETF (BGRN). 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
VCEB vs. BGRN - Dividend Comparison
VCEB's dividend yield for the trailing twelve months is around 4.32%, more than BGRN's 3.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.32% | 3.70% | 2.82% | 1.69% | 0.43% | 0.00% | 0.00% |
BGRN iShares Global Green Bond ETF | 3.95% | 3.52% | 2.67% | 0.78% | 1.82% | 3.66% | 0.21% |
Drawdowns
VCEB vs. BGRN - Drawdown Comparison
The maximum VCEB drawdown since its inception was -21.61%, which is greater than BGRN's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for VCEB and BGRN. For additional features, visit the drawdowns tool.
Volatility
VCEB vs. BGRN - Volatility Comparison
Vanguard ESG U.S. Corporate Bond ETF (VCEB) has a higher volatility of 1.84% compared to iShares Global Green Bond ETF (BGRN) at 1.38%. This indicates that VCEB's price experiences larger fluctuations and is considered to be riskier than BGRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.