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iPath® Series B Carbon ETN (GRN)



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Upturn Advisory Summary
08/14/2025: GRN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit -16.44% | Avg. Invested days 37 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.46 | 52 Weeks Range 23.82 - 32.88 | Updated Date 06/30/2025 |
52 Weeks Range 23.82 - 32.88 | Updated Date 06/30/2025 |
Upturn AI SWOT
iPath® Series B Carbon ETN
ETF Overview
Overview
The iPathu00ae Series B Carbon ETN (GRN) provides exposure to the Barclays Global Carbon Index Total Return, which tracks the performance of carbon emission allowances. It aims to reflect the performance of a basket of futures contracts on carbon emissions allowances. GRN is designed for investors seeking to participate in the carbon emission allowance market.
Reputation and Reliability
Barclays Bank PLC is a well-established financial institution, but ETNs carry credit risk of the issuer.
Management Expertise
Barclays has experience in structuring and managing various exchange-traded products.
Investment Objective
Goal
To provide investors with exposure to the performance of carbon emission allowances through futures contracts.
Investment Approach and Strategy
Strategy: Tracks the Barclays Global Carbon Index Total Return, which reflects the performance of futures contracts on carbon emission allowances.
Composition Primarily comprised of futures contracts on carbon emissions allowances, specifically those linked to the European Union Emissions Trading Scheme (EU ETS).
Market Position
Market Share: Due to the specific nature of carbon ETNs, GRN's market share within environmental ETFs is relatively small but it serves a niche interest.
Total Net Assets (AUM): 9580000
Competitors
Key Competitors
- KRBN
- KGHG
Competitive Landscape
The competitive landscape is dominated by KRBN, which has significantly higher AUM and trading volume. GRN offers a similar but smaller and less liquid option. GRN's disadvantages include lower liquidity and higher tracking error compared to its main competitor, but it might appeal to some investors for diversification within the sector.
Financial Performance
Historical Performance: Historical performance data is not available for a long period as it is a relatively new product. Past performance is not indicative of future results.
Benchmark Comparison: The ETF aims to track the Barclays Global Carbon Index Total Return; performance deviations may occur due to tracking error and ETN structure.
Expense Ratio: 0.75
Liquidity
Average Trading Volume
The average trading volume for GRN is relatively low, indicating potentially lower liquidity than other ETFs.
Bid-Ask Spread
The bid-ask spread can be wider than more liquid ETFs, which may increase transaction costs.
Market Dynamics
Market Environment Factors
Changes in government regulations regarding carbon emissions, global climate agreements, and economic conditions impacting energy demand can all affect GRN.
Growth Trajectory
GRN's growth trajectory is linked to the expansion and tightening of carbon emission trading schemes globally; changes to regulatory landscapes is expected to create some changes.
Moat and Competitive Advantages
Competitive Edge
GRN offers exposure to the carbon emission allowance market. However, it faces stiff competition from larger, more liquid peers. GRN's competitive edge is limited due to its smaller size and less established track record. Its focus on carbon credits offers a targeted approach for investors believing in the tightening of emissions policies.
Risk Analysis
Volatility
The ETF's volatility is likely to be high due to the fluctuating prices of carbon emission allowances and potential regulatory changes.
Market Risk
GRN is subject to risks associated with government regulation of carbon emissions, economic cycles, and the potential for changes in climate policy.
Investor Profile
Ideal Investor Profile
GRN may be suitable for investors with a high risk tolerance who are looking to gain exposure to carbon emission allowances and have a strong conviction in the growth of carbon markets.
Market Risk
GRN is better suited for active traders or sophisticated investors who understand the complexities of carbon markets and are aware of the potential risks.
Summary
The iPathu00ae Series B Carbon ETN (GRN) offers exposure to carbon emission allowance futures contracts. It is relatively small and less liquid compared to its main competitors, posing some risks to investors. Its performance is tied to global climate policies and carbon market dynamics. GRN is appropriate for investors who understand this niche asset and have a higher risk tolerance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Barclays
- ETF.com
- Yahoo Finance
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investors should consult with a financial advisor before making any investment decisions. Data may be delayed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iPath® Series B Carbon ETN
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The index has the objective of providing 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 components currently included in the index are futures contracts that trade on the ICE Futures Europe exchange.

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