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ETFs

iPath Series B Carbon Exchange-Traded Notes

GRN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 10 2019
Expense Ratio
0.75%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$171,532
AUM
$47,437,885
Associated Index
Barclays Global Carbon II TR USD Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Invest with GRN

What is GRN?

The iPath Series B Carbon ETNs (the ETNs) are designed to provide exposure to the Barclays Global Carbon II TR USD Index (the Index). The objective of the Index is to provide exposure to the price of carbon as measured by the return of futures contracts on carbon emissions credits from two of the world's major emissions-related mechanisms (the 'mechanisms' and each a 'mechanism'). The mechanisms currently included in the Index are the European Union Emission Trading Scheme ('EU ETS') and the Kyoto Protocol's Clean Development Mechanism (the 'CDM'). The Index is composed of allocations in futures contracts on a carbon emissions credit from each mechanism included in the Index (each such contract, an 'Index Component'). The Index Components currently included in the Index are futures contracts that trade on the ICE Futures Europe exchange. The allocations of the Index to the Index Components are adjusted on an annual basis.

ETFs related toGRN

ETFs correlated to GRN include KRBN, BILZ, FLRT

GRN
Barclays Bank PLC iPath Series B Carbon ETN
KRBN
KraneShares ICAV - KraneShares Global Carbon Strategy ETF
BILZ
Pimco Exchange Traded Fund - PIMCO Ultra Short Government Active Exchange-Traded Fund
FLRT
Pacer Funds Trust - Pacer Pacific Asset Floating Rate High Income ETF
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity ETF
CTA
Simplify Exchange Traded Funds - Simplify Managed Futures Strategy ETF
ACIO
ETF Series Solutions Trust - Aptus Collared Investment Opportunity ETF
FLTR
VanEck ETF Trust - VanEck IG Floating Rate ETF
RPG
Invesco Capital Management LLC - Invesco S&P 500 Pure Growth ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy ETF
EUFN
BlackRock Institutional Trust Company N.A. - iShares MSCI Europe Financials ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

GRN is a Global Commodities & Metals ETF. The iPath Series B Carbon ETNs (the ETNs) are designed to provide exposure to the Barclays Global Carbon II TR USD Index (the Index). The objective of the Index is to provide exposure to the price of carbon as measured by the return of futures contracts on carbon emissions credits from two of the world's major emissions-related mechanisms (the 'mechanisms' and each a 'mechanism'). The mechanisms currently included in the Index are the European Union Emission Trading Scheme ('EU ETS') and the Kyoto Protocol's Clean Development Mechanism (the 'CDM'). The Index is composed of allocations in futures contracts on a carbon emissions credit from each mechanism included in the Index (each such contract, an 'Index Component'). The Index Components currently included in the Index are futures contracts that trade on the ICE Futures Europe exchange. The allocations of the Index to the Index Components are adjusted on an annual basis.

GRN tracks the Barclays Global Carbon II TR USD Index.

No, GRN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GRN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GRN is -0.0012%. This is the percent change in the value of GRN over the most recent 1-month period. The 3-month return on GRN is -0.0093%. This is the percent change in the value of GRN over the most recent 3-month period.

The standard deviation of GRN for the past year is 0.3656%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GRN include PFF, PGF, and PGX.

ETFs correlated to GRN include KRBN, BILZ, and FLRT.

ETFs that are inversely correlated to GRN include PYLD, DFGR, and CONY.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.