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ETFs

VanEck Green Bond ETF

GRNB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 7, 2017
Expense Ratio
0.20%
Type
Global Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$246,394
AUM
$75,273,000
Associated Index
S&P Green Bond U.S. Dollar Select Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SK19
GACI First Investment Co - 5.25% NT REDEEM 13/10/2032 USD 200000
1.14%
n/a
European Investment Bank
1.13%
F32B
Ford Motor Co. - 3.25% NT REDEEM 12/02/2032 USD 2000
1.08%
n/a
European Investment Bank
0.97%
n/a
Hong Kong Government International Bond
0.89%
n/a
Hong Kong Government International Bond
0.86%
n/a
CASH
0.83%
WFMB
Industrial & Commercial Bank of China Ltd. - FR NT REDEEM 25/04/2024 USD 200000
0.81%
n/a
EIB 2.375 % Notes 2017-24.05.27 Global
0.80%
SR24
GACI First Investment Co - 5% NT REDEEM 13/10/2027 USD 200000
0.80%
Invest with GRNB

What is GRNB?

VanEck Green Bond ETF (GRNB) seeks to replicate, as closely as possible, before fees and expenses, the price and yield performance of the S&P Green Bond U.S. Dollar Select Index (SPGRUSST). The index is comprised of U.S. dollar-denominated green bonds that are issued to finance environmentally friendly projects, and includes bonds issued by supranational, government, and corporate issuers globally.

ETFs related toGRNB

ETFs correlated to GRNB include AVIG, IGIB, VCIT

GRNB
VanEck ETF Trust - VanEck Green Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
BSCU
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2030 Corporate Bond ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF
SCHI
Schwab Strategic Trust - Schwab 5-10 Year Corporate Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGRNB

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#TIME

The Timeless 60/40

Category

Classic, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with GRNB using Composer

FAQ

GRNB is a Global Bonds ETF. VanEck Green Bond ETF (GRNB) seeks to replicate, as closely as possible, before fees and expenses, the price and yield performance of the S&P Green Bond U.S. Dollar Select Index (SPGRUSST). The index is comprised of U.S. dollar-denominated green bonds that are issued to finance environmentally friendly projects, and includes bonds issued by supranational, government, and corporate issuers globally.

GRNB tracks the S&P Green Bond U.S. Dollar Select Index.

No, GRNB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GRNB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GRNB is -0.0091%. This is the percent change in the value of GRNB over the most recent 1-month period. The 3-month return on GRNB is -0.0172%. This is the percent change in the value of GRNB over the most recent 3-month period.

The standard deviation of GRNB for the past year is 0.063%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GRNB include GVI, BLV, and BSV.

ETFs correlated to GRNB include AVIG, IGIB, and VCIT.

ETFs that are inversely correlated to GRNB include TBX, PST, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.