CRBN vs DGT: Grades, Fees and Holdings Compared

iShares Low Carbon Optimized MSCI ACWI ETF

CRBNBNYSE Arca

State Street SPDR Global Dow ETF

DGTCNYSE Arca

Overlap

29.9%by weight

Expense ratio

CRBN −0.30pt a year

CRBN0.20%DGT0.50%

Avg volume · 30D

DGT 1.6×the volume

CRBN8.05KDGT12.7K

10Y return · a year

DGT +1.5pt

CRBN+12.4%DGT+13.9%

CRBN vs DGT Performance

Nov 9, 2021 – Nov 9, 2026

+57.8%CRBN+92.0%DGT

Expense ratio: CRBN 0.20%, better; DGT 0.50%
Fund size: CRBN $1.14B; DGT $658M
1Y total return: CRBN +12.8%; DGT +20.4%, better
Yield (12M): CRBN 2.03%; DGT 2.48%, better
Holdings: CRBN 1073; DGT 173
Avg volume (30D): CRBN 8.05K sh; DGT 12.7K sh, better
NAV per share: CRBN $245.46; DGT $186.70
52W range

ETF.net Grade

Pillar letters and Scores for CRBN, DGT, with each pillar’s weight
Pillar	CRBN	DGT
Cost30% weight	B57Higher	F13
Mission25% weight	A100Higher	A94
Risk15% weight	C50	A76Higher
Tradability15% weight	D26	D29Higher
Holdings10% weight	C47	A81Higher
Durability5% weight	B57Higher	C44

Rank among MSCI ACWI / World funds

How we build Categories ›

Same Category. CRBN and DGT are both graded against the same 6 MSCI ACWI / World funds, so their Grades compare head to head.

MSCI ACWI / World⁠

Category · 6 funds

See all 6 ›

CRBN ranks 4th and DGT 6th of 6 funds in the MSCI ACWI / World Category.

Rank 1AVTVanguard Total World Stock ETFScore 78
Rank 2ASPGMState Street SPDR Portfolio MSCI Global Stock Market ETFScore 71
Rank 3BACWIiShares MSCI ACWI ETFScore 62
Rank 4BCRBNiShares Low Carbon Optimized MSCI ACWI ETFScore 60
Rank 5BIOOiShares Global 100 ETFScore 56
Rank 6CDGTState Street SPDR Global Dow ETFScore 53

Our read on each fund

ETF.net Research

CRBNBiShares Low Carbon Optimized MSCI ACWI ETF

DGTCState Street SPDR Global Dow ETF

In short

CRBN Keeps the whole world in the basket, then leans it away from carbon. CRBN tracks an MSCI ACWI index built for lower carbon exposure, with screens on thermal coal, oil sands and controversial weapons.

DGT Most global funds rank the world by market cap. DGT tracks the Global Dow: 150 blue chips chosen by a committee for their weight in the world economy, each held in equal size and reset to equal every September. A curated list, not a size ladder.

Stated mandate

CRBN The fund seeks to track global equities through an index designed to have lower carbon exposure than the broad market, while applying screens for controversial weapons, oil sands, and thermal coal mining.

DGT The fund seeks to provide investment results that generally correspond to the total return performance of the Global Dow Index before fees and expenses.

Why people hold it

CRBN Costs 0.20% a year, well under the 0.45% median for its index-wrapper cohort. Cheap for a screened, optimized mandate.
Not a niche slice. Roughly 1,100 stocks worldwide, so the carbon tilt sits on top of a whole-world equity core.
The rulebook is named out loud: the MSCI ACWI Low Carbon Target Index, plus stated exclusions. Portfolio and mandate line up tightly, top quartile among its peers.ishares.com
Trading since 2014, a long tenure for a climate-screened index fund, and a multi-billion-dollar fund today.

DGT Equal weighting, reset to equal each September, so no single megacap dominates the portfolio the way it does in cap-weighted global funds.ssga.com
Membership is judgment, not a screen: S&P Dow Jones picks the roughly 150 names on size, reputation and importance to the global economy, across developed and emerging markets.ssga.com
Trading since 2000, a plain 1940 Act index fund that pays quarterly and hugs its benchmark closely. Top-quartile implementation among index wrappers we track.

Worth knowing

CRBN Thinly traded next to the household-name global index funds, so bid-ask spreads and order type matter more here.
The carbon tilt carries a price. VT wraps global stocks for 0.06%, roughly a third of the cost.
Cash comes back once or twice a year, not quarterly or monthly.

DGT The curation costs money: 0.50% a year, above the median index wrapper and well above cap-weighted global funds like VT at 0.06%.
Thinly traded, so bid-ask spreads can run wider than on the household-name global funds.
About 150 equally weighted names is a narrower, less megacap-driven slice of the world than total-market funds holding thousands of stocks.

Full CRBN profile⁠

Full DGT profile⁠

CRBN vs DGT Holdings

How CRBN and DGT differ

Overlap by weight

29.9%

Shared holdings make up 73.8% of DGT and 49.0% of CRBN.

Level by level

Holdings113 in both29.9%
Countryby domicile82.1%
Sector11 Sectors83.3%
Asset classStocks100%

Sector

Sector weights in CRBN and DGT, widest gap first
Sector	Gap	CRBN	DGT
Technology	CRBN +11.6 points	29.2%	17.6%
Industrials	DGT +4.1 points	9.6%	13.7%
Energy	DGT +3.1 points	2.9%	6.0%
Financials	CRBN +2.7 points	19.7%	17.0%
Consumer Discretionary	DGT +2.6 points	8.4%	11.0%
Health Care	DGT +2.5 points	9.5%	12.0%
Consumer Staples	DGT +2.4 points	5.2%	7.6%
Communication	CRBN +1.7 points	7.9%	6.2%
Utilities	DGT +1.1 points	2.5%	3.6%
Materials	DGT +0.9 points	3.0%	3.9%
Real Estate	CRBN +0.7 points	2.1%	1.4%

Country, concentration and asset class

Country by domicile

Country weights in CRBN and DGT, widest gap first
Country	Gap	CRBN	DGT
United States	CRBN +9.6 points	69.8%	60.2%
United Kingdom	DGT +3.4 points	2.5%	5.9%
Canada	CRBN +3.0 points	3.7%	0.7%
Taiwan	CRBN +2.8 points	3.4%	0.6%
France	DGT +2.7 points	1.8%	4.5%
Germany	DGT +2.2 points	1.8%	4.0%
Spain	DGT +1.7 points	0.0%	1.7%
South Korea	CRBN +1.4 points	2.4%	1.0%
Other countries (12)	DGT +6.8 points	14.6%	21.4%

Outside the US: CRBN 67% developed, 33% emerging. DGT 79% developed, 21% emerging.

Concentration

Weight in the 10 largest Holdings

CRBN24.5%
DGT8.3%

Securities held

CRBN1,043
DGT156

Asset class

CRBN: Stocks
DGT: Stocks

Holdings

Only in CRBN930
In both113
Only in DGT43

Only in CRBN

930 securities, 50.5% of CRBN by weight

Taiwan Semiconductor Manufacturing1.66%
Samsung Electronics Ltd0.66%
Mastercard Class A0.55%
Halliburton0.28%
Altria Group Inc0.27%
Texas Instrument0.27%
Cheniere Energy0.27%
Thermo Fisher Scientific0.26%
Kinder Morgan0.26%
Enbridge0.26%
Vylor0.25%
Amphenol Corp Class A0.25%
Pembina Pipeline0.25%
Citigroup0.24%
Sumitomo Mitsui Financial Group0.23%
Morgan Stanley0.23%
British American Tobacco0.23%
Schneider Electric0.22%
Ecolab0.22%
Toronto Dominion0.22%
Analog Devices0.22%
American Water Works0.21%
Kla0.21%
Chubb0.21%
Cme Group Class A0.21%
Crowdstrike Holdings Class A0.21%
Ametek Inc0.20%
Williams0.20%
Bristol Myers Squibb0.20%
Commonwealth Bank of Australia0.20%
Investor Class B0.20%
Charles Schwab0.19%
Dnb Bank0.19%
Arista Networks0.19%
L3HARRIS Technologies0.19%
Danaher0.18%
Tenaris SA0.18%
Automatic Data Processing Inc0.18%
Japan Post Holdings Ltd0.18%
Intuitive Surgical0.18%
BlackRock0.17%
Idex0.17%
Welltower0.17%
Texas Pacific Land0.16%
Oneok0.16%
Givaudan SA0.16%
Newmont0.16%
Aercap Holdings0.16%
Southern Copper Corp0.16%
Exelon Corp0.16%

Only in DGT

43 securities, 25.5% of DGT by weight

Carnival Corp Ltd0.88%
Dupont De Nemours Inc0.78%
Infosys Ltd Sp Adr0.78%
America Movil Sab De C Ser B0.75%
Honda Motor Co Ltd0.74%
Toyota Motor Corp0.73%
National Grid PLC0.73%
Honeywell International Inc0.73%
Air Liquide SA0.72%
Duke Energy Corp0.72%
Canon Inc0.70%
E.on SE0.70%
Exxonmobil Holdings Corp0.68%
Conocophillips0.68%
Fedex Corp0.67%
Chevron Corp0.67%
Compagnie De Saint Gobain0.67%
Bp PLC0.67%
Reliance Industries Limited0.67%
Basf SE0.67%
Totalenergies SE0.66%
Rtx Corp0.65%
Engie0.65%
Bae Systems PLC0.65%
Mitsubishi Corp0.64%
Generali0.64%
Hp Inc0.59%
Petrobras Petroleo Bras Pr0.59%
Anglo American PLC0.59%
Mitsui & Co Ltd0.59%
Taiwan Semiconductor Sp Adr0.58%
Bhp Group Ltd0.57%
Boeing Co/The0.57%
Ge Vernova Inc0.55%
Rio Tinto PLC0.55%
Shell PLC0.54%
Komatsu Ltd0.51%
Alibaba Group Holding Sp Adr0.34%
Samsung Electronics Co Ltd0.27%
Samsung Electr Gdr Reg’s0.21%
Shell PLC0.17%
Reliance Inds Spons Gdr 144A0.04%
Mexican Peso (New)<0.01%

Weight gaps

The 100 widest of 113 Holdings in both funds.

Holding weights in CRBN and DGT, widest gap first
Holding	Gap	CRBN	DGT
AppleAAPL	CRBN +4.45 points	5.18%	0.73%
NVIDIANVDA	CRBN +3.84 points	4.40%	0.56%
MicrosoftMSFT	CRBN +3.11 points	3.84%	0.73%
Amazon.com IncAMZN	CRBN +1.89 points	2.59%	0.70%
Alphabet Class AGOOGL	CRBN +1.48 points	1.80%	0.32%
Alphabet Class CGOOG	CRBN +0.99 points	1.25%	0.26%
Accenture PLC Class AACN	DGT +0.84 points	0.16%	1.00%
Broadcom IncAVGO	CRBN +0.81 points	1.36%	0.55%
Tata Consultancy Services Ltd	DGT +0.75 points	0.03%	0.78%
Meta Platforms Class AMETA	CRBN +0.74 points	1.37%	0.63%
3MMMM	DGT +0.72 points	0.05%	0.77%
EbayEBAY	DGT +0.72 points	0.08%	0.80%
United Parcel Service Inc Class BUPS	DGT +0.72 points	0.02%	0.74%
Mondelez International Class AMDLZ	DGT +0.69 points	0.02%	0.71%
PayPal HoldingsPYPL	DGT +0.70 points	0.07%	0.77%
Takeda Pharmaceutical	DGT +0.68 points	0.08%	0.76%
Simon Property Group Reit IncSPG	DGT +0.69 points	0.07%	0.76%
Ericsson B	DGT +0.68 points	<0.01%	0.69%
Anheuser-Busch Inbev SA	DGT +0.69 points	0.04%	0.73%
Industrial and Commercial Bank of	DGT +0.67 points	0.03%	0.70%
Nike Class BNKE	DGT +0.67 points	0.03%	0.70%
Medtronic PLCMDT	DGT +0.67 points	0.08%	0.75%
Colgate-PalmoliveCL	DGT +0.65 points	0.09%	0.74%
IntuitINTU	DGT +0.65 points	0.09%	0.74%
Travelers CompaniesTRV	DGT +0.64 points	0.09%	0.73%
Naspers Limited Class N	DGT +0.62 points	0.06%	0.68%
China Construction Bank Corp H	DGT +0.62 points	0.11%	0.73%
GlaxosmithklineGSK.L	DGT +0.61 points	0.09%	0.70%
Telefonica SA	DGT +0.61 points	<0.01%	0.61%
Vinci SA	DGT +0.60 points	0.05%	0.65%
Nestle SA	DGT +0.59 points	0.14%	0.73%
American International GroupAIG	DGT +0.59 points	0.11%	0.70%
National Australia Bank	DGT +0.59 points	0.08%	0.67%
Starbucks CorpSBUX	DGT +0.57 points	0.14%	0.71%
Abbott LaboratoriesABT	DGT +0.57 points	0.14%	0.71%
PepsicoPEP	DGT +0.55 points	0.15%	0.70%
Cvs HealthCVS	DGT +0.54 points	0.05%	0.59%
Howmet AerospaceHWM	DGT +0.54 points	0.06%	0.60%
Walt DisneyDIS	DGT +0.54 points	0.22%	0.76%
Sony Group	DGT +0.55 points	0.20%	0.75%
Adobe IncADBE	DGT +0.53 points	0.11%	0.64%
DeereDE	DGT +0.52 points	0.15%	0.67%
Lvmh	DGT +0.52 points	0.12%	0.64%
Astrazeneca PLCAZN.L	DGT +0.52 points	0.28%	0.80%
Gilead SciencesGILD	DGT +0.52 points	0.26%	0.78%
Nextera EnergyNEE	DGT +0.51 points	0.20%	0.71%
Prologis ReitPLD	DGT +0.51 points	0.12%	0.63%
Amgen IncAMGN	DGT +0.50 points	0.30%	0.80%
American ExpressAXP	DGT +0.48 points	0.19%	0.67%
Booking HoldingsBKNG	DGT +0.49 points	0.14%	0.63%
SlbSLB	DGT +0.47 points	0.12%	0.59%
Linde PLCLIN	DGT +0.47 points	0.28%	0.75%
Sap	DGT +0.47 points	0.27%	0.74%
PfizerPFE	DGT +0.46 points	0.25%	0.71%
Deutsche Bank AG	DGT +0.46 points	0.12%	0.58%
Union PacificUNP	DGT +0.45 points	0.24%	0.69%
Bnp Paribas SA	DGT +0.45 points	0.13%	0.58%
Banco Bilbao Vizcaya Argentaria	DGT +0.45 points	0.14%	0.59%
Bank of New York Mellon CorpBNY	DGT +0.45 points	0.17%	0.62%
Unicredit	DGT +0.45 points	0.14%	0.59%
ServicenowNOW	DGT +0.45 points	0.08%	0.53%
QualcommQCOM	DGT +0.45 points	0.19%	0.64%
International Business Machines CoIBM	DGT +0.44 points	0.25%	0.69%
Novartis AG	DGT +0.44 points	0.35%	0.79%
Siemens N AG	DGT +0.43 points	0.21%	0.64%
Ubs Group AG	DGT +0.43 points	0.16%	0.59%
Tesla IncTSLA	CRBN +0.42 points	1.08%	0.66%
Mcdonalds CorpMCD	DGT +0.41 points	0.33%	0.74%
Ge AerospaceGE	DGT +0.40 points	0.27%	0.67%
Allianz	DGT +0.41 points	0.26%	0.67%
SalesforceCRM	DGT +0.40 points	0.19%	0.59%
Roche Ps Par AG	DGT +0.40 points	0.35%	0.75%
AT&TT	DGT +0.39 points	0.19%	0.58%
Palo Alto NetworksPANW	DGT +0.39 points	0.24%	0.63%
Home DepotHD	DGT +0.39 points	0.36%	0.75%
Abb Ltd	DGT +0.38 points	0.19%	0.57%
Verizon Communications IncVZ	DGT +0.37 points	0.25%	0.62%
Mizuho Financial Group	DGT +0.37 points	0.19%	0.56%
Costco Wholesale CorpCOST	DGT +0.36 points	0.43%	0.79%
Caterpillar IncCAT	DGT +0.36 points	0.10%	0.46%
Micron TechnologyMU	CRBN +0.35 points	0.81%	0.46%
Banco Santander	DGT +0.35 points	0.19%	0.54%
Wells FargoWFC	DGT +0.34 points	0.29%	0.63%
Royal Bank of Canada	DGT +0.34 points	0.32%	0.66%
Philip Morris InternationalPM	DGT +0.32 points	0.40%	0.72%
JPMorgan Chase & CoJPM	CRBN +0.33 points	0.96%	0.63%
UnitedHealth GroupUNH	DGT +0.32 points	0.36%	0.68%
Procter & GamblePG	DGT +0.31 points	0.47%	0.78%
Palantir Technologies Class APLTR	DGT +0.30 points	0.34%	0.64%
Eli LillyLLY	CRBN +0.29 points	1.11%	0.82%
OracleORCL	DGT +0.29 points	0.20%	0.49%
NetflixNFLX	DGT +0.28 points	0.29%	0.57%
Tencent Holdings	DGT +0.28 points	0.36%	0.64%
Goldman Sachs GroupGS	DGT +0.28 points	0.30%	0.58%
Merck & Co IncMRK	DGT +0.27 points	0.41%	0.68%
Mitsubishi Ufj Financial Group	DGT +0.26 points	0.33%	0.59%
Softbank Group Corp	DGT +0.25 points	0.09%	0.34%
Hsbc Holdings PLCHSBA.L	DGT +0.24 points	0.32%	0.56%
Coca-ColaKO	DGT +0.23 points	0.51%	0.74%
Applied Material IncAMAT	DGT +0.23 points	0.25%	0.48%

All 1,044 CRBN holdings⁠All 152 DGT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CRBN vs DGT Cost

Overpaying DGT vs CRBN

$5,824

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CRBN 0.20%
$4,155
DGT 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

CRBN 0.20%
DGT 0.50%
Overpaying

Year by year

Year	CRBN	DGT	Overpaying
10	$365	$900	$535
20	$1,421	$3,460	$2,039
30	$4,155	$9,979	$5,824

Expense ratio

0.20%CRBN, cheaper
0.50%DGT

CRBN0.20%DGT0.50%

0.06%0.50%

Middle half of MSCI ACWI / World funds
Median 0.26%

CRBN 3rd cheapest of 6 funds

DGT 6th cheapest of 6 funds

CRBN vs DGT Dividends

Last 12 months to Nov 9, 2026

Yield (12M): CRBN 2.03%; DGT 2.48%, better
Payout (12M): CRBN $5.11; DGT $4.76
Last payment: CRBN $1.73; DGT $0.48
Ex-dividend: CRBN Jun 15, 2026; DGT Sep 21, 2026
Paid on: CRBN Jun 18, 2026; DGT Sep 23, 2026
Frequency: CRBN Twice a year; DGT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CRBNTwice a year · 20 paymentsAll CRBN payments⁠

DGTQuarterly · 39 paymentsAll DGT payments⁠

CRBN vs DGT Risk

Fall from peak · 5 years

CRBN
DGT

Risk facts

VolatilityStd dev, 3 years: CRBN 11.7%DGT 10.4%, better
Return per unit of riskSharpe ratio, 3 years: CRBN 1.40DGT 1.74, better
Worst fallMax drawdown, 5 years: CRBN −27.0%DGT −25.2%, better
Market sensitivityBeta, 5 years: CRBN 0.95DGT 0.84; Market = 1

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