GRN
iPath Series B Carbon ETN

Price: $23.00
Change: $0.25 (0.01%)
Category: Commodities
Last Updated:

Vitals

Brand iPath
Structure ETN
Expense Ratio 0.75%
ETF Home Page Home page
Inception Sep 10, 2019

Analyst Report

This unique ETN targets carbon credits from the EU Emission Trading Scheme and the Kyoto Protocol’s Clean Development Mechanism. This strategy gives investors exposure to the changes in prices of these contracts potentially allowing them to benefit from a reduction in supply of the credits. While GRN is a unique product, far better ways to play a global warming trend are out there.

ETF Database Themes

Category Commodities
Asset Class Commodity
Commodity Type Energy
Commodity Carbon Allowances
Commodity Exposure Futures-Based

FactSet Classifications

  • Segment Commodities: Energy Carbon Credits
  • Category Energy
  • Focus Carbon Credits
  • Niche Carbon Credits
  • Strategy Extended Term
  • Weighting Scheme Liquidity

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $9.16
  • 52 Week Hi $25.80
  • AUM $81.7 M
  • Shares 3.6 M

Historical Trading Data

  • 1 Month Avg. Volume 60,935
  • 3 Month Avg. Volume 49,597

Alternative ETFs in the ETF Database Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BCI 0.25% $854.3 M 133,500 31.60%
Largest (AUM) PDBC 0.59% $6.9 B 4 M 46.53%
Most Liquid (Volume) PDBC 0.59% $6.9 B 4 M 46.53%
Top YTD Performer BDRY 3.76% $105.5 M 248,997 348.96%

Alternative ETFs in the FactSet Commodities: Energy Carbon Credits Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest KRBN 0.79% $1.0 B 465,435 64.72%
Largest (AUM) KRBN 0.79% $1.0 B 465,435 64.72%
Most Liquid (Volume) KRBN 0.79% $1.0 B 465,435 64.72%
Top YTD Performer KRBN 0.79% $1.0 B 465,435 64.72%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

GRN ETF Database Category Average FactSet Segment Average
Number of Holdings 2 15 2
% of Assets in Top 10 100.00% 76.02% 100.00%
% of Assets in Top 15 100.00% 80.01% 100.00%
% of Assets in Top 50 100.00% 84.04% 100.00%

Size Comparison

GRN ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

GRN Valuation

This section compares the P/E ratio of this ETF to its peers.

GRN
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
0.33
FactSet Segment Average
P/E Ratio
N/A

GRN Dividend

This section compares the dividend yield of this ETF to its peers.

GRN ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.21 N/A
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 0.20 N/A
Annual Dividend Yield N/A 0.86% N/A

GRN Price and Volume Chart

GRN Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: -688.16 K 1 Month Net Flows: 6.59 M 3 Month Net Flows: 20.17 M 6 Month Net Flows: 45.51 M 1 Year Net Flows: 60.44 M 3 Year Net Flows: 60.65 M 5 Year Net Flows: 60.65 M 10 Year Net Flows: 60.65 M

GRN Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for GRN on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B n/a
Expenses B- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

GRN Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

GRN
Expense Ratio
0.75%
ETF Database Category Average
Expense Ratio
0.77%
FactSet Segment Average
Expense Ratio
0.78%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions No distributions
Distributes K1 No
ESG Themes and Scores

GRN does not have an ESG score. There are no ESG themes that map to this ETF.

GRN Performance

This section shows how this ETF has performed relative to its peers.

GRN ETF Database
Category Average
Factset Segment
Average
1 Month Return -3.77% 5.78% -0.55%
3 Month Return 16.46% 10.36% 9.07%
YTD Return 79.65% 48.83% 36.09%
1 Year Return 145.49% 62.73% 63.68%
3 Year Return N/A 15.33% 0.00%
5 Year Return N/A 13.72% 0.00%

Geographic Exposure

The following charts reflect the geographic spread of GRN's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of GRN's underlying holdings.

GRN Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
108.49%
Rank
2 of 26

20 Day Volatility
53.24%
Rank
2 of 26

50 Day Volatility
42.95%
Rank
2 of 26

200 Day Volatility
38.94%
Rank
2 of 26

Beta
1.78
Rank
2 of 26

Standard Deviation
4.60%
Rank
4 of 26

Technicals

  • 20 Day MA $23.90
  • 60 Day MA $23.30
  • MACD 15 Period -0.57
  • MACD 100 Period 0.64
  • Williams % Range 10 Day 45.14
  • Williams % Range 20 Day 62.37
  • RSI 10 Day 46
  • RSI 20 Day 48
  • RSI 30 Day 50
  • Ultimate Oscillator 48

Bollinger Bands

  • Lower Bollinger (10 Day) $21.93
  • Upper Bollinger (10 Day) $24.26
  • Lower Bollinger (20 Day) $21.87
  • Upper Bollinger (20 Day) $25.92
  • Lower Bollinger (30 Day) $22.17
  • Upper Bollinger (30 Day) $25.55

Support & Resistance

  • Support Level 1 $22.87
  • Support Level 2 $22.74
  • Resistance Level 1 $23.11
  • Resistance Level 2 $23.22

Stochastic

  • Stochastic Oscillator %D (1 Day) 54.53
  • Stochastic Oscillator %D (5 Day) 40.48
  • Stochastic Oscillator %K (1 Day) 48.89
  • Stochastic Oscillator %K (5 Day) 35.93

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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