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GRN vs SPY

Comparison between iPath Series B Carbon ETN (GRN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed GRN, delivering a return of +12.4% compared to +10.8%

GRN vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
GRN
$11M
Winner
SPY
$781B
Expense Ratio
GRN
0.75%
Winner
SPY
0.09%
Max Drawdown
Winner
GRN
47.96%
SPY
56.47%
Sharpe Ratio
GRN
0.72
Winner
SPY
1.12
5Y Beta
Winner
GRN
0.38
SPY
1.00
P/E Ratio
GRN
N/A
SPY
28.53
Forward P/E
GRN
N/A
SPY
21.47
5Y Dividends CAGR
GRN
N/A
SPY
6.00%
5Y EPS CAGR
GRN
N/A
SPY
25.58%
Debt to Equity
GRN
N/A
SPY
32.09%
P/S Ratio
GRN
N/A
SPY
3.75
P/B Ratio
GRN
N/A
SPY
5.64

GRN vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
GRN
+4.66%
SPY
+0.78%
3M
Winner
GRN
+13.72%
SPY
+3.76%
6M
GRN
-2.89%
Winner
SPY
+7.78%
1Y
Winner
GRN
+21.53%
SPY
+17.76%
5Y(CAGR)
GRN
+10.84%
Winner
SPY
+12.44%
10Y(CAGR)
GRN
N/A
SPY
+14.90%
Max(CAGR)
Winner
GRN
+18.07%
SPY
+8.44%

GRN vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearGRNSPY
2026-2.99%+8.74%
2025+17.79%+18.00%
2024-2.66%+25.59%
2023-3.61%+26.72%
2022-4.36%-18.64%
2021+137.17%+30.52%
2020+31.54%+17.28%
2019-8.41%+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

GRN vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current GRN drawdown is -13.94%. The current SPY drawdown is -2.47%.

RankGRNSPY
#1-47.96%
Feb 27, 2023 - Feb 22, 2024		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-43.58%
Sep 16, 2019 - Jul 2, 2020		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-40.60%
Feb 4, 2022 - Aug 17, 2022		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-33.78%
Aug 19, 2022 - Feb 27, 2023		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-24.66%
Sep 14, 2020 - Dec 10, 2020		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-18.08%
Dec 8, 2021 - Feb 2, 2022		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-15.56%
Jul 15, 2020 - Sep 14, 2020		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-15.03%
Sep 27, 2021 - Nov 15, 2021		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-14.39%
Jul 1, 2021 - Aug 27, 2021		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-13.34%
May 14, 2021 - Jun 30, 2021		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-9.03%
Jan 8, 2021 - Feb 2, 2021		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-8.00%
Feb 12, 2021 - Mar 9, 2021		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-7.11%
Mar 17, 2021 - Apr 6, 2021		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-6.06%
Sep 8, 2021 - Sep 24, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-4.44%
Dec 15, 2020 - Dec 28, 2020		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between GRN and SPY is 0.57 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.57
-101

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