iPath Series B Carbon ETN

Price: $33.20
Change: $0.32 (-0.01%)
Category: Commodities
Last Updated:


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 Extended Term
Strategy Extended Term
Weighting Scheme Liquidity

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $25.36
  • 52 Week Hi $39.10
  • AUM $53.6 M
  • Shares 1.6 M

Historical Trading Data

  • 1 Month Avg. Volume 6,996
  • 3 Month Avg. Volume 8,141

Alternative ETFs in the ETF Database Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest COMB 0.25% $147.2 M 58,167 -9.38%
Largest (AUM) PDBC 0.59% $5.0 B 4 M -7.31%
Most Liquid (Volume) PDBC 0.59% $5.0 B 4 M -7.31%
Top YTD Performer SESG 0.38% $13.8 M 438 7.29%

Alternative ETFs in the FactSet Commodities: Energy Carbon Credits Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest KARB 0.75% $722,000.0 414 6.20%
Largest (AUM) KRBN 0.78% $611.9 M 102,392 2.06%
Most Liquid (Volume) KRBN 0.78% $611.9 M 102,392 2.06%
Top YTD Performer KARB 0.75% $722,000.0 414 6.20%

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 8 2
% of Assets in Top 10 100.00% 78.52% 83.33%
% of Assets in Top 15 100.00% 81.76% 83.33%
% of Assets in Top 50 100.00% 85.01% 83.33%

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.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

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 $ 1.34 $ 1.43
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 1.98 $ 1.43
Annual Dividend Yield N/A 8.97% 3.98%

GRN Price and Volume Charts

View charts featuring GRN price and volume data.

GRN Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -527.6 K 1 Month Net Flows: 3.92 M 3 Month Net Flows: 4.4 M 6 Month Net Flows: 2.24 M 1 Year Net Flows: -32.74 M 3 Year Net Flows: 3.09 M 5 Year Net Flows: 3.19 M 10 Year Net Flows: 3.19 M

GRN Price vs Flows AUM Influence Charts

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

5 Day Net AUM Change: 12.16 K
1 Month Net AUM Change: 392.97 K
3 Month Net AUM Change: 520.46 K
6 Month Net AUM Change: 10.38 M
1 Year Net AUM Change: -36.13 M
3 Year Net AUM Change: 49.24 M
5 Year Net AUM Change: 48.56 M
10 Year Net AUM Change: 48.56 M

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- DBC
Expenses B UCIB

A+ Overall Rated ETF:

GRN Expenses & Fees

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

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

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. Returns over 1 year are annualized.

GRN ETF Database
Category Average
Factset Segment
1 Month Return -5.17% -6.42% -11.24%
3 Month Return -11.44% -6.61% -15.49%
YTD Return 4.98% -8.78% -8.87%
1 Year Return 5.88% -15.09% -14.99%
3 Year Return 57.37% 15.21% 9.56%
5 Year Return N/A 1.10% 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 84.60%
20 Day Volatility 30.11%
50 Day Volatility 32.65%
200 Day Volatility 38.29%
Beta 0.99
Standard Deviation 3.22%
5 Day Volatility
13 of 34

20 Day Volatility
4 of 33

50 Day Volatility
4 of 33

200 Day Volatility
4 of 33

4 of 34

Standard Deviation
6 of 31


  • 20 Day MA $34.07
  • 60 Day MA $35.38
  • MACD 15 Period -0.95
  • MACD 100 Period -1.72
  • Williams % Range 10 Day 98.87
  • Williams % Range 20 Day 77.40
  • RSI 10 Day 38
  • RSI 20 Day 43
  • RSI 30 Day 45
  • Ultimate Oscillator 51

Bollinger Bands

  • Lower Bollinger (10 Day) $33.20
  • Upper Bollinger (10 Day) $35.51
  • Lower Bollinger (20 Day) $32.68
  • Upper Bollinger (20 Day) $35.40
  • Lower Bollinger (30 Day) $32.22
  • Upper Bollinger (30 Day) $36.92

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $33.00
  • Resistance Level 1 n/a
  • Resistance Level 2 $33.60


  • Stochastic Oscillator %D (1 Day) 51.21
  • Stochastic Oscillator %D (5 Day) 31.28
  • Stochastic Oscillator %K (1 Day) 62.68
  • Stochastic Oscillator %K (5 Day) 52.44


  • Tracking Difference Median (%) -0.90
  • Tracking Difference Max Upside (%) 3.44
  • Tracking Difference Max Downside (%) -4.97
  • Median Premium Discount (%) -0.17
  • Maximum Premium Discount (%) 3.26
  • Average Spread (%) 32.24
  • Average Spread ($) 32.24

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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