CRBN vs VT: Grades, Fees and Holdings Compared

iShares Low Carbon Optimized MSCI ACWI ETF

CRBNBNYSE Arca

Vanguard Total World Stock ETF

VTANYSE Arca

Overlap

66.8%by weight

Expense ratio

VT −0.14pt a year

CRBN0.20%VT0.06%

Avg volume · 30D

VT 323.2×the volume

CRBN8.14KVT2.63M

10Y return · a year

CRBN +0.1pt

CRBN+12.5%VT+12.4%

CRBN vs VT Performance

Nov 12, 2021 – Nov 13, 2026

+57.9%CRBN+57.4%VT

Expense ratio: CRBN 0.20%; VT 0.06%, better
Fund size: CRBN $1.19B; VT $81.8B
1Y total return: CRBN +12.2%; VT +13.3%, better
Yield (12M): CRBN 2.03%, better; VT 1.55%
Holdings: CRBN 1067; VT 10220
Avg volume (30D): CRBN 8.14K sh; VT 2.63M sh, better
NAV per share: CRBN $252.09; VT $155.61
52W range

ETF.net Grade

Pillar letters and Scores for CRBN, VT, with each pillar’s weight
Pillar	CRBN	VT
Cost30% weight	B57	A88Higher
Mission25% weight	A100	A100
Risk15% weight	C51	C51
Tradability15% weight	D35	B58Higher
Holdings10% weight	C50	B64Higher
Durability5% weight	B57	A79Higher

Rank among MSCI ACWI / World funds

How we build Categories ›

Same Category. CRBN and VT 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 ›

VT ranks 1st and CRBN 3rd 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 70
Rank 3BCRBNiShares Low Carbon Optimized MSCI ACWI ETFScore 62
Rank 4BACWIiShares MSCI ACWI ETFScore 61

Our read on each fund

ETF.net Research

CRBNBiShares Low Carbon Optimized MSCI ACWI ETF

VTAVanguard Total World Stock 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.

VT One ticker, the whole investable stock market: roughly 9,800 stocks across developed and emerging markets, weighted by what the market says they're worth. There is no US-versus-international call left for you to make.

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.

VT The fund seeks to passively track the FTSE Global All Cap Index, which represents large-, mid-, and small-capitalization stocks of companies in developed and emerging markets worldwide.

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.

VT 0.06% a year, against a 0.45% median for the index wrappers it competes with. Worldwide coverage for a rounding error.
Its benchmark comes from the FTSE Global Equity Index Series, which covers 98% of the world's investable market cap: large, mid and small caps, developed and emerging alike.vanguard.com
Passively run with index sampling and kept fully invested. Tracking of the index has been about as tight as this cohort gets, and it trades actively enough to keep spreads thin.vanguard.com
Live since 2008 and now a multi-billion-dollar fund, it ranks among the strongest implementations in its peer group. Pays quarterly.

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.

VT Market-cap weighting hands the steering wheel to the market. The biggest countries and companies dominate, and those weights drift with prices, never tilting back.vanguard.com vanguard.com 2
All equity, all the time: emerging markets and unhedged foreign currency come with the package, and there is no bond sleeve to cushion a selloff.
Single-market index funds shave the fee further (SCHK at 0.03%, SPYV at 0.04%). Global reach costs a couple of basis points more.

Full CRBN profile⁠

Full VT profile⁠

CRBN vs VT Holdings

How CRBN and VT differ

Overlap by weight

66.8%

Shared holdings make up 97.9% of CRBN and 70.9% of VT.

Level by level

Holdings985 in both66.8%
Countryby domicile90.9%
Sector11 Sectors93.8%
Asset classStocks100%

Sector

Sector weights in CRBN and VT, widest gap first
Sector	Gap	CRBN	VT
Financials	CRBN +3.9 points	19.7%	15.8%
Technology	VT +2.8 points	29.2%	32.0%
Industrials	VT +1.3 points	9.6%	10.9%
Energy	VT +1.1 points	2.9%	4.0%
Health Care	CRBN +0.9 points	9.5%	8.6%
Consumer Staples	CRBN +0.8 points	5.2%	4.4%
Materials	VT +0.9 points	3.0%	3.9%
Communication	CRBN +0.4 points	7.9%	7.5%
Utilities	CRBN +0.2 points	2.5%	2.3%
Consumer Discretionary	VT +0.1 points	8.4%	8.5%
Real Estate	VT +0.1 points	2.1%	2.2%

Country, concentration and asset class

Country by domicile

Country weights in CRBN and VT, widest gap first
Country	Gap	CRBN	VT
United States	CRBN +7.2 points	69.6%	62.4%
South Africa	VT +1.1 points	0.0%	1.1%
Spain	VT +0.8 points	0.0%	0.8%
Italy	VT +0.7 points	0.0%	0.7%
Sweden	VT +0.7 points	0.0%	0.7%
Canada	CRBN +0.7 points	3.7%	3.0%
United Kingdom	VT +0.6 points	2.5%	3.1%
Switzerland	CRBN +0.5 points	2.3%	1.8%
Other countries (31)	VT +4.5 points	21.8%	26.3%

Outside the US: CRBN 67% developed, 33% emerging. VT 65% developed, 35% emerging.

Concentration

Weight in the 10 largest Holdings

CRBN24.3%
VT22.3%

Securities held

CRBN1,045
VT10,155

Asset class

CRBN: Stocks
VT: Stocks

Holdings

Only in CRBN60
In both985
Only in VT9,170

Only in CRBN

60 securities, 1.8% of CRBN by weight

Vylor0.26%
Ferrari0.15%
Power Grid Corporation of India0.11%
Nordea Bank0.10%
Ferrovial NV0.09%
Al Rajhi Bank0.08%
The Saudi National Bank0.07%
Edp Renewables SA0.06%
Itc Ltd0.06%
Teva Pharmaceutical Industries0.06%
Adani Ports and Special Economic Z0.06%
Rogers Communications Non-Voting I0.05%
Edp Energias De Portugal0.05%
Adnoc Drilling Company0.05%
Adnoc Logistics & Services PLC0.04%
Hongkong Land Holdings Ltd0.04%
Nhpc Ltd0.04%
Sea Ads Representing Ltd Class A0.03%
Tata Consultancy Services Ltd0.03%
Avenue Supermarts Ltd0.03%
Abb India0.03%
Delta Electronics (Thailand) Non-V0.03%
Sociedad Quimica Y Minera De Chile0.02%
Airports of Thailand Non-Voting Dr0.02%
Fsn E-Commerce Ventures0.02%
H World Group Adr0.02%
Bt Group PLC0.02%
United Spirits0.02%
Vodafone Idea Ltd0.02%
Gmr Airports Ltd0.01%
One Communications Ltd0.01%
Eternal0.01%
Indian Hotels<0.01%
Rhb Bank<0.01%
Davide Campari Milano NV<0.01%
Trent Ltd<0.01%
Aib Group PLC<0.01%
Vonovia SE<0.01%
Cgi Inc Class A<0.01%
Dabur India<0.01%
Shriram Finance Ltd<0.01%
Dr Ing Hc F Porsche Prf AG<0.01%
Godrej Consumer Products Ltd<0.01%
Hkt Trust and Hkt Units<0.01%
Varun Beverages<0.01%
Mankind Pharma Ltd<0.01%
Buenaventura Adr Representing<0.01%
Stmicroelectronics<0.01%
Inr/Usd0.00%
United Company Rusal0.00%

Only in VT

9,170 securities, 28.4% of VT by weight

ExxonMobil Holdings Corp0.57%
SLBBH11420.54%
Chevron Corp0.32%
Shell PLC0.23%
GE Vernova Inc0.22%
Sandisk Corp0.21%
RTX Corp0.21%
BHP Group Ltd0.18%
Toyota Motor Corp0.16%
TotalEnergies SE0.15%
Rolls-Royce Holdings PLC0.14%
MSCI EAFE Dec260.13%
Hitachi Ltd0.13%
ConocoPhillips0.13%
Boeing Co/The0.12%
Safran SA0.11%
Unilever PLC0.11%
Airbus SE0.11%
Siemens Energy AG0.10%
Marathon Petroleum Corp0.10%
Bp PLC0.10%
Valero Energy Corp0.09%
Lockheed Martin Corp0.09%
Phillips 660.09%
McKesson Corp0.09%
Canadian Natural Resources Ltd0.08%
Hon Hai Precision Industry Co Ltd0.08%
Mitsubishi Corp0.08%
Berkshire Hathaway Inc0.08%
Rio Tinto PLC0.08%
Southern Co/The0.08%
Space Exploration Technologies Corp0.08%
Duke Energy Corp0.07%
ITOCHU Corp0.07%
General Dynamics Corp0.07%
Suncor Energy Inc0.07%
Mitsubishi Heavy Industries Ltd0.07%
MSCI EmgMkt Dec260.07%
Mitsui & Co Ltd0.07%
BAE Systems PLC0.06%
Enel SpA0.06%
National Grid PLC0.06%
EOG Resources Inc0.06%
Warner Bros Discovery Inc0.06%
Glencore PLC0.06%
Cigna Group/The0.06%
Cummins Inc0.06%
Reliance Industries Ltd0.06%
Moderna Inc0.06%
O'Reilly Automotive Inc0.06%

Weight gaps

The 100 widest of 985 Holdings in both funds.

Holding weights in CRBN and VT, widest gap first
Holding	Gap	CRBN	VT
AppleAAPL	CRBN +1.14 points	5.22%	4.08%
NVIDIANVDA	VT +0.55 points	3.97%	4.52%
Amazon.com IncAMZN	CRBN +0.53 points	2.58%	2.05%
MicrosoftMSFT	CRBN +0.43 points	3.66%	3.23%
Eli LillyLLY	CRBN +0.36 points	1.14%	0.78%
Johnson & JohnsonJNJ	CRBN +0.31 points	0.85%	0.54%
Tesla IncTSLA	CRBN +0.26 points	1.14%	0.88%
HalliburtonHAL	CRBN +0.26 points	0.28%	0.02%
Visa Class AV	CRBN +0.24 points	0.76%	0.52%
Cheniere EnergyLNG	CRBN +0.23 points	0.28%	0.05%
Pembina Pipeline	CRBN +0.23 points	0.25%	0.02%
Coca-ColaKO	CRBN +0.22 points	0.50%	0.28%
Kinder MorganKMI	CRBN +0.21 points	0.26%	0.05%
JPMorgan Chase & CoJPM	CRBN +0.21 points	0.96%	0.75%
Caterpillar IncCAT	VT +0.20 points	0.11%	0.31%
WalmartWMT	CRBN +0.19 points	0.58%	0.39%
Taiwan Semiconductor Manufacturing	CRBN +0.19 points	1.81%	1.62%
Intel CorporationINTC	VT +0.19 points	0.28%	0.47%
American Water WorksAWK	CRBN +0.19 points	0.21%	0.02%
Procter & GamblePG	CRBN +0.17 points	0.46%	0.29%
Mcdonalds CorpMCD	CRBN +0.17 points	0.31%	0.14%
Tenaris SA	CRBN +0.17 points	0.18%	<0.01%
Altria Group IncMO	CRBN +0.17 points	0.27%	0.10%
AbbVieABBV	CRBN +0.17 points	0.56%	0.39%
Enbridge	CRBN +0.17 points	0.26%	0.09%
Dnb Bank	CRBN +0.17 points	0.19%	0.02%
EcolabECL	CRBN +0.16 points	0.22%	0.06%
Mastercard Class AMA	CRBN +0.16 points	0.54%	0.38%
L3HARRIS TechnologiesLHX	CRBN +0.16 points	0.20%	0.04%
Ametek IncAME	CRBN +0.16 points	0.21%	0.05%
IdexIEX	CRBN +0.15 points	0.17%	0.02%
Broadcom IncAVGO	CRBN +0.15 points	1.54%	1.39%
Japan Post Holdings Ltd	CRBN +0.16 points	0.18%	0.02%
Texas Pacific LandTPL	CRBN +0.14 points	0.16%	0.02%
Southern Copper CorpSCCO	CRBN +0.14 points	0.16%	0.02%
Aercap HoldingsAER	CRBN +0.14 points	0.16%	0.02%
Mitsubishi Hc Capital Inc	CRBN +0.14 points	0.15%	<0.01%
Hydro One	CRBN +0.14 points	0.15%	<0.01%
WilliamsWMB	CRBN +0.14 points	0.21%	0.07%
Investor Class B	CRBN +0.13 points	0.19%	0.06%
United Utilities Group PLCUU.L	CRBN +0.14 points	0.15%	0.01%
Philip Morris InternationalPM	CRBN +0.14 points	0.39%	0.25%
Ingersoll RandIR	CRBN +0.13 points	0.16%	0.03%
Givaudan SA	CRBN +0.13 points	0.16%	0.03%
Cme Group Class ACME	CRBN +0.13 points	0.21%	0.08%
Mitsubishi Ufj Financial Group	CRBN +0.13 points	0.34%	0.21%
Roche Ps Par AG	CRBN +0.13 points	0.35%	0.22%
British American TobaccoBATS.L	CRBN +0.13 points	0.22%	0.09%
Exelon CorpEXC	CRBN +0.13 points	0.16%	0.03%
Transurban Group Stapled Units	CRBN +0.11 points	0.14%	0.03%
Home DepotHD	CRBN +0.12 points	0.36%	0.24%
OneokOKE	CRBN +0.11 points	0.16%	0.05%
Westinghouse Air Brake TechnologieWAB	CRBN +0.12 points	0.16%	0.04%
ChubbCB	CRBN +0.11 points	0.21%	0.10%
Nomura Holdings	CRBN +0.12 points	0.14%	0.02%
Novartis AG	CRBN +0.11 points	0.34%	0.23%
Orix	CRBN +0.11 points	0.15%	0.04%
Goldman Sachs GroupGS	CRBN +0.11 points	0.31%	0.20%
Alphabet Class CGOOG	VT +0.11 points	1.24%	1.35%
Union PacificUNP	CRBN +0.10 points	0.24%	0.14%
Sumitomo Mitsui Financial Group	CRBN +0.10 points	0.24%	0.14%
Technipfmc PLCFTI	CRBN +0.11 points	0.13%	0.02%
Ems-Chemie Holding AG	CRBN +0.10 points	0.11%	<0.01%
Allianz	CRBN +0.11 points	0.26%	0.15%
Amgen IncAMGN	CRBN +0.11 points	0.30%	0.19%
PfizerPFE	CRBN +0.10 points	0.24%	0.14%
Antofagasta PLCANTO.L	CRBN +0.11 points	0.12%	0.01%
United RentalsURI	CRBN +0.11 points	0.16%	0.05%
Severn Trent PLCSVT.L	CRBN +0.10 points	0.11%	0.01%
Royalty Pharma PLC Class ARPRX	CRBN +0.10 points	0.12%	0.02%
Daiwa Securities Group	CRBN +0.11 points	0.12%	0.01%
Gilead SciencesGILD	CRBN +0.10 points	0.26%	0.16%
Mowi	CRBN +0.10 points	0.11%	<0.01%
Mizuho Financial Group	CRBN +0.10 points	0.21%	0.11%
Citic Ltd	CRBN +0.09 points	0.10%	<0.01%
Baker Hughes Class ABKR	CRBN +0.09 points	0.14%	0.05%
Cathay Financial Holding	CRBN +0.09 points	0.12%	0.03%
Merck & Co IncMRK	CRBN +0.10 points	0.40%	0.30%
Linde PLCLIN	CRBN +0.10 points	0.28%	0.18%
Tc Energy	CRBN +0.09 points	0.14%	0.05%
Sap	CRBN +0.10 points	0.27%	0.17%
AflacAFL	CRBN +0.09 points	0.13%	0.04%
Reliance Steel & AluminumRS	CRBN +0.09 points	0.11%	0.02%
Industrivarden Series	CRBN +0.09 points	0.10%	0.01%
Edison InternationalEIX	CRBN +0.09 points	0.11%	0.02%
PaychexPAYX	CRBN +0.09 points	0.12%	0.03%
Hensoldt AG	CRBN +0.09 points	0.09%	<0.01%
Automatic Data Processing IncADP	CRBN +0.09 points	0.17%	0.09%
Micron TechnologyMU	VT +0.09 points	0.93%	1.02%
Bristol Myers SquibbBMY	CRBN +0.08 points	0.19%	0.11%
Japan Post Bank Ltd	CRBN +0.09 points	0.12%	0.03%
Bharat Electronics Ltd	CRBN +0.09 points	0.10%	0.01%
FortiveFTV	CRBN +0.09 points	0.10%	0.01%
Bank of New York Mellon CorpBNY	CRBN +0.09 points	0.17%	0.08%
Costco Wholesale CorpCOST	CRBN +0.09 points	0.43%	0.34%
Dell Technologies Inc Class CDELL	VT +0.09 points	0.05%	0.14%
Sk Hynix	VT +0.08 points	0.55%	0.63%
Atlas Copco Class B	CRBN +0.09 points	0.10%	0.01%
Wells FargoWFC	CRBN +0.08 points	0.29%	0.21%
Aena Sme SA	CRBN +0.08 points	0.10%	0.02%

All 1,043 CRBN holdings⁠All 10,185 VT 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 VT Cost

Overpaying CRBN vs VT

$2,885

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

CRBN 0.20%
$4,155
VT 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

CRBN 0.20%
VT 0.06%
Overpaying

Year by year

Year	CRBN	VT	Overpaying
10	$365	$110	$255
20	$1,421	$432	$989
30	$4,155	$1,270	$2,885

Expense ratio

0.20%CRBN
0.06%VT, cheaper

VT0.06%CRBN0.20%

0.06%0.50%

Middle half of MSCI ACWI / World funds
Median 0.26%

VT cheapest of 6 funds

CRBN 3rd cheapest of 6 funds

CRBN vs VT Dividends

Last 12 months to Nov 13, 2026

Yield (12M): CRBN 2.03%, better; VT 1.55%
Payout (12M): CRBN $5.11; VT $2.41
Last payment: CRBN $1.73; VT $0.41
Ex-dividend: CRBN Jun 15, 2026; VT Sep 18, 2026
Paid on: CRBN Jun 18, 2026; VT Sep 22, 2026
Frequency: CRBN Twice a year; VT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CRBNTwice a year · 20 paymentsAll CRBN payments⁠

VTQuarterly · 39 paymentsAll VT payments⁠

CRBN vs VT Risk

Fall from peak · 5 years

CRBN
VT

Risk facts

VolatilityStd dev, 3 years: CRBN 11.7%VT 11.6%, better
Return per unit of riskSharpe ratio, 3 years: CRBN 1.40VT 1.41, better
Worst fallMax drawdown, 5 years: CRBN −27.0%VT −26.3%, better
Market sensitivityBeta, 5 years: CRBN 0.95VT 0.94; Market = 1

CRBN and VT in the news

All news⁠

First-Year Review
Myriad's allocation fund gained 17%, 1.6 percentage points ahead of global stocks
Oct 2, 2026VT
First-Year Review
Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share
Sep 25, 2026VT

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CRBN vs VT

In short

Stated mandate

Why people hold it

Worth knowing

How CRBN and VT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CRBN

Only in VT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Myriad's allocation fund gained 17%, 1.6 percentage points ahead of global stocks

Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share

How CRBN and VT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CRBN

Only in VT

Weight gaps