ETF Evaluator:
VanEck Green Bond ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Global Bond Over the Last Year
| 9.2% | StateStreet®SPDR®FTSEIntGovInfProtdBdETF (WIP) |
| 2.8% | iShares 1-3 Year International TrsBd ETF (ISHG) |
| 2.7% | VanEck Green Bond ETF (GRNB) |
| 2.2% | Global Bond () |
| 2.0% | SP Funds Dow Jones Global Sukuk ETF (SPSK) |
Risk
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Risk
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ETF Details
VanEck Green Bond ETF Overview
VanEck Green Bond ETF (GRNB) is a passively managed Taxable Bond Global Bond exchange-traded fund (ETF). VanEck launched the ETF in 2017.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the S&P Green Bond U.S. Dollar Select Index (the "index").
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of bonds issued for qualified "green" purposes and seeks to measure the performance of U.S. dollar denominated "green"-labeled bonds issued globally.
About VanEck Green Bond ETF (GRNB)
There are 1 members of the management team with an average tenure of 9.42 years: Francis Rodilosso (2017). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: ICE BofA US Broad Market TR USD index with a weighting of 100% and S&P Green Bond USD Select TR USD index with a weighting of 100%. VanEck Green Bond ETF has 467 securities in its portfolio. The top 10 holdings constitute 8.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
VanEck Green Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. VanEck Green Bond ETF has 58.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.9% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 94.4% (37.3% domestic bond, 57.1% foreign bond and 0.0% convertible bond). VanEck Green Bond ETF has 4.7% of the portfolio in cash.
Assets Under Management
The fund has $184 million in total assets, which is below the $671 million average for the Global Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GRNB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck Green Bond ETF expense ratio is below average compared to funds in the Global Bond category. VanEck Green Bond ETF has an expense ratio of 0.20%, which is 50% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck Green Bond ETF has a portfolio turnover rate of 21%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 35% for the Global Bond category.
Recently, in the month of July 2026, VanEck Green Bond ETF returned -0.8%, which earned it a grade of F, as the Global Bond category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck Green Bond ETF has a trailing yield of 4.42%, which is above the 3.17% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck Green Bond ETF Grades
Year to date, the ETF has returned -0.0%, 0.5 percentage points better than the category, which translates into a grade of A. The fund has returned 2.7% over the past year (grade of B), 4.8% over the past three years (grade of A) and 0.5% per year over the past five years (grade of A).
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GRNB Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GRNB Return (NAV) | -0.8% | -0.2% | 2.7% | 4.8% | 0.5% | na |
| GRNB Return (Price) | -1.0% | -0.1% | 2.7% | 4.8% | 0.4% | na |
| NAV +/- Price Return | 0.144% | -0.009% | 0.005% | -0.006% | 0.017% | na |
| Global Bond Avg | 0.1% | -1.1% | 2.2% | 3.3% | -1.6% | -0.2% |
| GRNB Grade (NAV) | F | A | B | A | A | na |
| +/- Category (NAV) | -0.9% | 0.9% | 0.5% | 1.4% | 2.1% | na |
| GRNB Tax-Cost Ratio | na | na | 1.8% | 1.6% | 1.4% | na |
GRNB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GRNB Return (NAV) | -0.0% | 6.9% | 3.6% | 7.0% | -11.9% | -2.0% | 7.6% | 5.5% | -4.0% | na | na |
| GRNB Return (Price) | -0.1% | 7.1% | 3.3% | 7.1% | -11.9% | -2.4% | 8.0% | 5.4% | -4.1% | na | na |
| NAV +/- Price Ret | 5.666% | 0.028% | -0.086% | 0.018% | 0.007% | 0.180% | 0.052% | -2.4% | 1.0% | na | na |
| Global Bond Avg | -0.5% | 11.1% | -3.3% | 6.9% | -15.8% | -6.0% | 8.7% | 4.8% | -4.4% | 11.7% | 0.6% |
| GRNB Grade (NAV) | A | F | A | B | B | A | D | C | C | na | na |
| +/- Category | 0.5% | -4.2% | 7.0% | 0.1% | 4.0% | 4.0% | -1.1% | 0.7% | 0.4% | na | na |
| Risk Measures | |
| Beta: | 0.74 |
| R-Squared: | 96% |
| Standard Deviation: | 4.3% |
| Category Risk Index: | 0.56 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.35 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.4% |
| Total Assets: | $ 184 Mil |
| Share Class Assets: | $ 184 Mil |
| Turnover: | 21.0% |
| Expense Ratio: | 0.20% |
| Index Fund: | Yes |
| Index Tracked: | ICE BofA US Broad Market TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 9.4 years | |||
| Average Tenure: 9.4 years | |||
| Managers (Year): Rodilosso Francis (2017) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 467 |
| % in Top 10 Holdings: | 8.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 58.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.9% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 37.3% |
| Foreign Bond: | 57.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | March 3, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.20% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.40% |
