VanEck Green Bond ETF (GRNB) Performance
GRNB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.5% since Dec 31, 2025
- 1 year
- −0.2% total return
- 5 years
- +0.8% a year
- Since first price
- +2.0% a year since 2017
GRNB trailing returns vs AGG, TLT, SPY
| Period | GRNB total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.2% | −0.2% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.2% | −1.3% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.8% | −3.0% | −1.5% | −3.8% | +7.8% |
| YTD | −0.5% | −3.8% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.2% | −4.5% | −1.1% | −6.9% | +14.4% |
| 3 years | +18.4%+5.8%/yr | +4.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +4.1%+0.8%/yr | −12.8% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionMar 6, 2017 | +21.5%+2.0%/yr | −5.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GRNB vs AGG
From Mar 6, 2017: GRNB grew to $12,154, AGG to $11,704.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GRNB returns by calendar year
5 of 8 full years positive. Best 2020 (+8.0%), worst 2022 (−11.9%). 2026 is year to date.
GRNB annual returns table
| Year | GRNB | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.5% | −2.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.1% | −1.8% | +7.2% | +4.3% | +17.7% |
| 2024 | +3.3% | −2.4% | +1.3% | −8.1% | +24.9% |
| 2023 | +7.1% | −4.7% | +5.7% | +2.8% | +26.2% |
| 2022 | −11.9% | −15.7% | −13.0% | −31.2% | −18.2% |
| 2021 | −2.4% | −3.1% | −1.8% | −4.6% | +28.7% |
| 2020 | +8.0% | −7.3% | +7.5% | +18.2% | +18.3% |
| 2019 | +5.4% | −2.3% | +8.5% | +14.1% | +31.2% |
| 2018 | −4.1% | −7.7% | +0.1% | −1.6% | −4.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GRNB largest drawdowns
Now 1.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 31, 2020 | −18.1% | Oct 20, 2022 | Aug 13, 2025 | 1.8 years | 4.6 years |
| Jan 25, 2018 | −7.7% | Nov 27, 2018 | Aug 7, 2019 | 10 months | 1.5 years |
| Mar 6, 2020 | −7.3% | Mar 19, 2020 | Jun 19, 2020 | 13 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
GRNB risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +5.0% | +0.3% | +1.9% |
| Volatility (annualized) | 4.5% | 5.7% | 5.2% |
| Sharpe ratio | 0.13 | -0.55 | -0.07 |
| Sortino ratio | 0.20 | -0.69 | -0.10 |
| Best month | +4.0% | +4.0% | +4.0% |
| Worst month | −2.2% | −3.8% | −3.8% |
| Best 12 months | +12.3% | +12.3% | +12.3% |
| Worst 12 months | −0.7% | −15.3% | −15.3% |
| Positive months | 69% | 55% | 58% |
| Beta vs S&P 500 | 0.22 | 0.25 | — |
| Correlation with S&P 500 | 0.60 | 0.68 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GRNB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 104 | −15.3% | +3.6% | +12.3% | 68% |
| 3-year (a year) | 80 | −4.5% | +2.4% | +6.9% | 59% |
| 5-year (a year) | 56 | −1.6% | +0.4% | +1.7% | 70% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
GRNB performance overview
VanEck Green Bond ETF (GRNB) returned −0.2% over the past year and +0.8% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +2.0% a year, turning $10,000 into about $12,154. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −18.1%, from Dec 31, 2020 to Oct 20, 2022, and it took 2.8 years to get back to the old high. GRNB finished 5 of its 8 full calendar years with a gain; the best year was 2020 (+8.0%) and the worst 2022 (−11.9%). Volatility has been 5.2% a year.
Related: GRNB chart, GRNB dividends, GRNB bond profile. See the GRNB overview for the latest quote and fund facts.
GRNB performance FAQ
What is the GRNB return over the past year?
GRNB returned −0.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.5%.
What is the average annual return of GRNB?
GRNB has returned +0.8% a year over 5 years, +2.0% a year since March 6, 2017 (total return, distributions reinvested).
How much would $10,000 invested in GRNB be worth?
$10,000 invested in GRNB at its first recorded close on March 6, 2017 would be worth about $12,154 on October 23, 2026 with distributions reinvested.
What was the worst year for GRNB?
The worst calendar year was 2022, with a total return of −11.9%. The best was 2020 at +8.0%.
What is the biggest drawdown of GRNB?
The largest peak-to-trough decline was −18.1% between December 31, 2020 and October 20, 2022. It recovered to the old high on August 13, 2025, 2.8 years after the bottom.
How volatile is GRNB?
Over the past 3 years GRNB had an annualized volatility of 4.5% and a Sharpe ratio of 0.13 (excess return over 1–3 month T-bills per unit of risk).