Vaneck Green Bond Etf Profile
| GRNB Etf | USD 24.08 0.06 0.25% |
Performance0 of 100
| Odds Of DistressLess than 44
|
VanEck Green is trading at 24.08 as of the 28th of November 2024, a 0.25 percent increase since the beginning of the trading day. The etf's open price was 24.02. VanEck Green has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for VanEck Green Bond are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index. Vaneck Green is traded on NYSEARCA Exchange in the United States. The company has 133.16 M outstanding shares of which 609.99 K shares are currently shorted by private and institutional investors with about 33.7 trading days to cover. More on VanEck Green Bond
Moving together with VanEck Etf
| 0.91 | IGOV | iShares International | PairCorr |
| 0.92 | BWX | SPDR Bloomberg Inter | PairCorr |
| 0.89 | WIP | SPDR FTSE International | PairCorr |
| 0.92 | JPIB | JPMorgan International | PairCorr |
| 0.9 | BWZ | SPDR Bloomberg Short | PairCorr |
| 0.89 | PICB | Invesco International | PairCorr |
Moving against VanEck Etf
VanEck Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Global Bond, VanEck, Banking (View all Sectors) |
| Issuer | Van Eck |
| Inception Date | 2017-03-03 |
| Benchmark | S&P Green Bond Select Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 110.34 Million |
| Average Trading Valume | 15,108.1 |
| Asset Type | Fixed Income |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Van Eck Associates Corporation |
| Advisor | Van Eck Associates Corporation |
| Custodian | State Street Bank and Trust Company |
| Distributor | Van Eck Securities Corporation |
| Portfolio Manager | Francis G. Rodilosso |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 418 |
| Market Maker | Jane Street |
| Total Expense | 0.2 |
| Management Fee | 0.2 |
| Country Name | USA |
| Returns Y T D | 4.23 |
| Name | VanEck Green Bond ETF |
| Currency Code | USD |
| Open Figi | BBG00G4XX3M0 |
| In Threey Volatility | 6.59 |
| 1y Volatility | 5.86 |
| 200 Day M A | 23.8486 |
| 50 Day M A | 24.1749 |
| Code | GRNB |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
VanEck Green Bond [GRNB] is traded in USA and was established 2017-03-03. The fund is listed under Global Bond category and is part of VanEck family. The entity is thematically classified as Strategy ETFs. VanEck Green Bond currently have 79 M in assets under management (AUM). , while the total return for the last 3 years was -0.3%.
VanEck Green Bond currently holds about 653 K in cash with (338 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check VanEck Green Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on VanEck Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding VanEck Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as VanEck Green Bond Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
VanEck Green Bond Currency Exposure
VanEck Green Bond holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of VanEck Green will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in VanEck Green Bond.
Top VanEck Green Bond Etf Constituents
| Kreditanstalt Fur Wiederaufbau 0.75% | 0.92% |
| Kreditanstalt Fur Wiederaufbau 1.75% | 1.76% |
| Federal National Mortgage Association 3.67% | 1.37% |
| Chile (Republic of) 3.5% | 1.24% |
| International Finance Corporation 2.12% | 0.87% |
| Industrial and Commercial Bank of China Limited, Hong Kong Branch 0.9% | 0.83% |
| European Investment Bank 2.12% | 0.87% |
| Verizon Communications Inc. 3.88% | 0.85% |
| European Investment Bank 2.88% | 0.84% |
| Apple Inc. 3% | 1.25% |
VanEck Green Bond Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in VanEck Green. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 1.97 |
VanEck Green Against Markets
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Green Bond. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of VanEck Green Bond is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Green's value that differs from its market value or its book value, called intrinsic value, which is VanEck Green's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VanEck Green's market value can be influenced by many factors that don't directly affect VanEck Green's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VanEck Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Green's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.