GRN
iPath Series B Carbon Exchange-Traded Notes
GRN is an ETN that tracks a liquidity-weighted index of carbon-related credit plans. The index holds December futures contracts on EUAs and CERs.
Exposure
DERIVATIVES
Active
MANAGEMENT STYLE
14.9 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | |
| Category | Exposure |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Sep 10, 2019 |
| Assets (mns) | $17 |
| Expense ratio | 75 bp |
Fund Structure
| Regulation | |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.8% | 4.8% | -8.6% | -2.5% | 22.3% | -- | -- | -10.1% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.0% |
| Total Returns | 0.8% | 4.8% | -8.6% | -2.5% | 22.3% | -- | -- | -10.1% | Ann. Volatility | 31.0% | 30.2% | 33.4% | 36.3% | 41.6% | -- | -- | 54.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.09 | 0% |
| MSCI EAFE | -0.04 | 0% |
| MSCI Emg Mkts | -1.10 | 12% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 1.03% |
Technical Indicators
| Recent close | $28.03 |
| 30d moving avg. | $28.14 |
| Annualized volatility | 28.0% |
| Relative strength (RSI) | 49 |
| Short interest | 0.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Exposure Derivatives ETFs |
| # of ETFs | 10 |
| Avg. Expense Ratio | 134.3 bp |
| Std. Deviation | 111.4 bp |
| GRN (75 bp) Percentile rank | 35 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GRN | 75.0 | 102.8 | 177.8 |
| Peer Avg. | 106.5 | 55.1 | 161.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .