GRN vs IVV
iPath Series B Carbon ETN vs iShares Core S&P 500 ETF
Which is better, GRN or IVV?
Energy against Large Cap Blend.
IVV has a lower expense ratio. GRN led over the full window, IVV over 1Y, 3Y and 5Y. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 54.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GRN | IVV |
|---|---|---|
| Expense Ratio | 0.75% | 0.03%Best |
| AUM | $13M | $896.5B |
| Dividend Yield | 0.00% | 1.10% |
| Holdings | 50 | 508 |
| YTD Return | +0.18% | +12.15%Best |
| 1Y Return | +11.06% | +14.42%Best |
| 3Y Return (annualized) | +2.45% | +23.09%Best |
| 5Y Return (annualized) | +8.11% | +12.36%Best |
| Volatility (annualized) | 34.1% | 16.6%Best |
| Max Drawdown | -48.0% | -33.9%Best |
| $10,000 over 5 years | $14,768 | $17,908Best |
| Top 10 Weight | 54.4% | 38.9%Best |
| Fund Family | Barclays | iShares by BlackRock (US) |
| Category | Commodity | Equity |
| Style | Energy | Large Cap Blend |
| Inception | Sep 10, 2019 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 10, 2019 to Oct 23, 2026 (7.1 years).
GRN vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7.1 years both funds cover.
GRN vs IVV Performance
iPath Series B Carbon ETN (GRN) is an ETF from Barclays and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GRN returned +11.06% while IVV returned +14.42%. Year to date, GRN is up 0.18% versus a gain of 12.15% for IVV.
Over three years, GRN compounded at +2.45% per year against +23.09% for IVV; over five years the annualized figures are +8.11% and +12.36% respectively. Across the full 7-year window we track, GRN has the edge at +17.91% annualized vs +15.30%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GRN has been the more volatile fund, with annualized monthly volatility of 34.1% compared with 16.6% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -48.0% for GRN and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GRN charges 0.75% per year while IVV charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, GRN currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
We hold position weights for 50 holdings in GRN and 506 in IVV, totalling 98.6% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 50 positions we hold weights for in GRN and 506 in IVV, against full books of 50 and 508.
What only one of them owns
Our book lists 500 positions for IVV that do not appear in our book for GRN (99.4% of the fund), and 0 for GRN that do not appear in IVV (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of GRN and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GRN or IVV?
GRN has an expense ratio of 0.75% while IVV charges 0.03%. IVV is the cheaper option, by $72 a year on a $10,000 investment.
Which performed better, GRN or IVV?
Over the past year GRN returned +11.06% vs +14.42% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), GRN annualized +17.91% vs +15.30% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GRN or IVV?
GRN has been the more volatile fund at 34.1% annualized versus 16.6% for IVV. Worst drawdown: GRN -48.0% vs IVV -33.9%.
Should I hold both GRN and IVV?
GRN and IVV have a monthly-return correlation of 0.30, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GRN or IVV?
GRN yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Is IVV better than GRN?
IVV has a lower expense ratio. GRN led over the full window, IVV over 1Y, 3Y and 5Y. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 54.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.