GRN vs HVAC

Comparison between iPath Series B Carbon ETN (GRN, ETF) and ADVISORSHARES HVAC AND INDUSTRIALS ETF (HVAC, ETF).

GRN vs HVAC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GRN(ETF)	HVAC(ETF)
Net Assets	$12M	$12M
Expense Ratio	0.75%	1.00%
Max Drawdown	47.96%	21.22%
Sharpe Ratio	0.22	1.46
5Y Beta	0.35	1.27
P/E Ratio	N/A	46.90
Forward P/E	N/A	32.13
PEG Ratio	N/A	0.58
5Y EPS CAGR	N/A	20.95%
Debt to Equity	N/A	59.60%
P/S Ratio	N/A	3.70
P/B Ratio	N/A	7.59

Net Assets

GRN

$12M

HVAC

$12M

Expense Ratio

Winner

GRN

0.75%

HVAC

1.00%

Max Drawdown

GRN

47.96%

Winner

HVAC

21.22%

Sharpe Ratio

GRN

0.22

Winner

HVAC

1.46

5Y Beta

Winner

GRN

0.35

HVAC

1.27

P/E Ratio

GRN

N/A

HVAC

46.90

Forward P/E

GRN

N/A

HVAC

32.13

PEG Ratio

GRN

N/A

HVAC

0.58

5Y EPS CAGR

GRN

N/A

HVAC

20.95%

Debt to Equity

GRN

N/A

HVAC

59.60%

P/S Ratio

GRN

N/A

HVAC

3.70

P/B Ratio

GRN

N/A

HVAC

7.59

GRN vs HVAC - Historical Returns

Returns include dividend reinvestment.

Period	GRN	HVAC
1 month	+2.63%	-2.69%
3 months	+8.08%	+14.42%
6 months	-7.13%	+22.96%
1 year	+4.44%	+48.23%
5 years(CAGR)	+7.89%	N/A
Max(CAGR)	+16.77%	+41.44%

Winner

GRN

+2.63%

HVAC

-2.69%

GRN

+8.08%

Winner

HVAC

+14.42%

GRN

-7.13%

Winner

HVAC

+22.96%

GRN

+4.44%

Winner

HVAC

+48.23%

5Y(CAGR)

GRN

+7.89%

HVAC

N/A

Max(CAGR)

GRN

+16.77%

Winner

HVAC

+41.44%

GRN vs HVAC - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	GRN	HVAC
2026	-11.78%	+24.01%
2025	+17.79%	+24.04%
2024	-2.66%	N/A
2023	-3.61%	N/A
2022	-4.36%	N/A
2021	+137.17%	N/A
2020	+31.54%	N/A
2019	-8.41%	N/A

GRN vs HVAC Drawdown Comparison

The maximum drawdown for GRN was -47.96%, occurring on Feb 22, 2024. This drawdown has not yet recovered.

The maximum drawdown for HVAC was -21.22%, occurring on Apr 8, 2025. Recovery took 66 trading sessions.

The current GRN drawdown is -21.74%. The current HVAC drawdown is -6.60%.

Rank	GRN	HVAC
#1	-47.96% Feb 27, 2023 - Feb 22, 2024	-21.22% Feb 5, 2025 - May 12, 2025
#2	-43.58% Sep 16, 2019 - Jul 2, 2020	-14.83% Feb 25, 2026 - Apr 13, 2026
#3	-40.60% Feb 4, 2022 - Aug 17, 2022	-10.48% May 6, 2026 - May 19, 2026
#4	-33.78% Aug 19, 2022 - Feb 27, 2023	-9.72% Nov 10, 2025 - Jan 13, 2026
#5	-24.66% Sep 14, 2020 - Dec 10, 2020	-5.14% Feb 3, 2026 - Feb 9, 2026
#6	-18.08% Dec 8, 2021 - Feb 2, 2022	-4.39% Aug 28, 2025 - Sep 18, 2025
#7	-15.56% Jul 15, 2020 - Sep 14, 2020	-3.90% Sep 22, 2025 - Oct 8, 2025
#8	-15.03% Sep 27, 2021 - Nov 15, 2021	-3.07% Oct 8, 2025 - Oct 15, 2025
#9	-14.39% Jul 1, 2021 - Aug 27, 2021	-3.05% May 19, 2025 - Jun 3, 2025
#10	-13.34% May 14, 2021 - Jun 30, 2021	-2.86% Oct 20, 2025 - Oct 23, 2025
#11	-9.03% Jan 8, 2021 - Feb 2, 2021	-2.70% Apr 14, 2026 - Apr 17, 2026
#12	-8.00% Feb 12, 2021 - Mar 9, 2021	-2.60% Oct 31, 2025 - Nov 5, 2025
#13	-7.11% Mar 17, 2021 - Apr 6, 2021	-2.55% Apr 27, 2026 - May 5, 2026
#14	-6.06% Sep 8, 2021 - Sep 24, 2021	-2.50% Aug 13, 2025 - Aug 27, 2025
#15	-4.44% Dec 15, 2020 - Dec 28, 2020	-2.20% Aug 4, 2025 - Aug 12, 2025