VAVX vs GRN

Comparison between VanEck Avalanche ETF (VAVX, ETF) and iPath Series B Carbon ETN (GRN, ETF).

VAVX vs GRN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VAVX(ETF)	GRN(ETF)
Net Assets	$11M	$11M
Expense Ratio	0.20%	0.75%
Max Drawdown	48.92%	47.96%
Sharpe Ratio	-1.67	0.72
5Y Beta	2.42	0.38

Net Assets

VAVX

$11M

Winner

GRN

$11M

Expense Ratio

Winner

VAVX

0.20%

GRN

0.75%

Max Drawdown

VAVX

48.92%

Winner

GRN

47.96%

Sharpe Ratio

VAVX

-1.67

Winner

GRN

0.72

5Y Beta

VAVX

2.42

Winner

GRN

0.38

VAVX vs GRN - Historical Returns

Returns include dividend reinvestment.

Period	VAVX	GRN
1 month	-0.55%	+4.66%
3 months	-31.77%	+13.72%
6 months	-45.24%	-2.89%
1 year	N/A	+21.53%
5 years(CAGR)	N/A	+10.84%
Max(CAGR)	-70.94%	+18.07%

VAVX

-0.55%

Winner

GRN

+4.66%

VAVX

-31.77%

Winner

GRN

+13.72%

VAVX

-45.24%

Winner

GRN

-2.89%

VAVX

N/A

GRN

+21.53%

5Y(CAGR)

VAVX

N/A

GRN

+10.84%

Max(CAGR)

VAVX

-70.94%

Winner

GRN

+18.07%

VAVX vs GRN - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	VAVX	GRN
2026	-45.24%	-2.99%
2025	N/A	+17.79%
2024	N/A	-2.66%
2023	N/A	-3.61%
2022	N/A	-4.36%
2021	N/A	+137.17%
2020	N/A	+31.54%
2019	N/A	-8.41%

VAVX vs GRN Drawdown Comparison

The maximum drawdown for VAVX was -48.92%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

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

The current VAVX drawdown is -47.15%. The current GRN drawdown is -13.94%.

Rank	VAVX	GRN
#1	-48.92% Jan 27, 2026 - Jun 25, 2026	-47.96% Feb 27, 2023 - Feb 22, 2024
#2	N/A	-43.58% Sep 16, 2019 - Jul 2, 2020
#3	N/A	-40.60% Feb 4, 2022 - Aug 17, 2022
#4	N/A	-33.78% Aug 19, 2022 - Feb 27, 2023
#5	N/A	-24.66% Sep 14, 2020 - Dec 10, 2020
#6	N/A	-18.08% Dec 8, 2021 - Feb 2, 2022
#7	N/A	-15.56% Jul 15, 2020 - Sep 14, 2020
#8	N/A	-15.03% Sep 27, 2021 - Nov 15, 2021
#9	N/A	-14.39% Jul 1, 2021 - Aug 27, 2021
#10	N/A	-13.34% May 14, 2021 - Jun 30, 2021
#11	N/A	-9.03% Jan 8, 2021 - Feb 2, 2021
#12	N/A	-8.00% Feb 12, 2021 - Mar 9, 2021
#13	N/A	-7.11% Mar 17, 2021 - Apr 6, 2021
#14	N/A	-6.06% Sep 8, 2021 - Sep 24, 2021
#15	N/A	-4.44% Dec 15, 2020 - Dec 28, 2020

Correlation

Correlation between VAVX and GRN is -0.39 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.39

-101