XDSR.TO vs. GRNB
XDSR.TO (iShares ESG Advanced MSCI EAFE Index ETF) and GRNB (VanEck Green Bond ETF) are both exchange-traded funds - XDSR.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Choice ESG Screened Index, while GRNB is a Global Bonds fund tracking the S&P Green Bond U.S. Dollar Select Index. Both are passively managed. Over the past 5 years, XDSR.TO returned 9.57%/yr vs 2.88%/yr for GRNB. At a 0.10 correlation, their price movements are largely independent. XDSR.TO charges 0.28%/yr vs 0.20%/yr for GRNB.
Performance
XDSR.TO vs. GRNB - Performance Comparison
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Different Trading Currencies
XDSR.TO is traded in CAD, while GRNB is traded in USD. To make them comparable, the GRNB values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDSR.TO achieves a 15.63% return, which is significantly higher than GRNB's 3.35% return.
XDSR.TO
- 1D
- 0.18%
- 1M
- 0.72%
- 6M
- 10.76%
- YTD
- 15.63%
- 1Y
- 23.34%
- 3Y*
- 16.60%
- 5Y*
- 9.57%
- 10Y*
- —
GRNB
- 1D
- -0.44%
- 1M
- 0.61%
- 6M
- 1.63%
- YTD
- 3.35%
- 1Y
- 6.84%
- 3Y*
- 7.54%
- 5Y*
- 2.88%
- 10Y*
- —
XDSR.TO vs. GRNB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XDSR.TO iShares ESG Advanced MSCI EAFE Index ETF | 15.63% | 16.99% | 12.43% | 16.82% | -14.11% | 10.06% | 23.07% |
GRNB VanEck Green Bond ETF | 3.35% | 2.20% | 12.06% | 4.53% | -6.35% | -2.41% | -4.24% |
Correlation
The correlation between XDSR.TO and GRNB is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2020 | 0.10 |
The correlation between XDSR.TO and GRNB shifts across timeframes, from 0.10 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDSR.TO vs. GRNB — Risk / Return Rank
XDSR.TO
GRNB
XDSR.TO vs. GRNB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) 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.
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.
| XDSR.TO | GRNB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.70 | +0.24 |
| Martin ratioReturn relative to average drawdown | 7.60 | 3.65 | +3.95 |
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Drawdowns
XDSR.TO vs. GRNB - Drawdown Comparison
The maximum XDSR.TO drawdown since its inception was -29.62%, which is greater than GRNB's maximum drawdown of -18.51%. Use the drawdown chart below to compare losses from any high point for XDSR.TO and GRNB.
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Drawdown Indicators
| XDSR.TO | GRNB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.62% | -18.51% | -11.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.06% | -4.04% | -8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.63% | -5.87% | -9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | -14.01% | -15.61% |
Current DrawdownCurrent decline from peak | -2.00% | -1.51% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -5.71% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 1.88% | +1.20% |
Volatility
XDSR.TO vs. GRNB - Volatility Comparison
iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) has a higher volatility of 4.47% compared to VanEck Green Bond ETF (GRNB) at 1.45%. This indicates that XDSR.TO'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
| XDSR.TO | GRNB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 1.45% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 3.84% | +9.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 5.21% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.05% | 8.01% | +7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.82% | 8.08% | +6.74% |
XDSR.TO vs. GRNB - Expense Ratio Comparison
XDSR.TO has a 0.28% expense ratio, which is higher than GRNB's 0.20% expense ratio.
Dividends
XDSR.TO vs. GRNB - Dividend Comparison
XDSR.TO's dividend yield for the trailing twelve months is around 1.70%, less than GRNB's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GRNB VanEck Green Bond ETF | 4.38% | 4.18% | 3.83% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% |
XDSR.TO iShares ESG Advanced MSCI EAFE Index ETF | 1.70% | 1.83% | 1.94% | 1.94% | 2.27% | 1.45% | 0.77% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDSR.TO and GRNB have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GRNB is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GRNB is cheaper with a 0.20% expense ratio, compared with 0.28% for XDSR.TO.
XDSR.TO is categorized as Foreign Large Cap Equities, while GRNB is Global Bonds. XDSR.TO tracks MSCI EAFE Choice ESG Screened Index, while GRNB tracks S&P Green Bond U.S. Dollar Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.28% for XDSR.TO and 0.20% for GRNB.
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