GRNB vs PYLD: Grades, Fees and Holdings Compared

VanEck Green Bond ETF

GRNBANYSE Arca

PIMCO Multisector Bond Active Exchange-Traded Fund

PYLDBNYSE Arca

Overlap

0.0%by weight

Expense ratio

GRNB −0.36pt a year

GRNB0.20%PYLD0.56%

Avg volume · 30D

PYLD 149.5×the volume

GRNB34.2KPYLD5.11M

3Y return · a year

PYLD +2.8pt

GRNB+5.8%PYLD+8.6%

GRNB vs PYLD Performance

Oct 31, 2025 – Oct 30, 2026

+0.2%GRNB+1.6%PYLD

Expense ratio: GRNB 0.20%, better; PYLD 0.56%
Fund size: GRNB $196M; PYLD $15.9B
1Y total return: GRNB +0.2%; PYLD +1.6%, better
Yield (12M): GRNB 4.52%; PYLD 6.54%, better
Holdings: GRNB 475; PYLD 2035
Avg volume (30D): GRNB 34.2K sh; PYLD 5.11M sh, better
NAV per share: GRNB $23.46; PYLD $25.58
52W range

ETF.net Grade

Pillar letters and Scores for GRNB, PYLD, with each pillar’s weight
Pillar	GRNB	PYLD
Cost30% weight	A95Higher	F18
Mission25% weight	A93	A96Higher
Risk15% weight	B65	B66Higher
Tradability15% weight	D26	A75Higher
Holdings10% weight	A100Higher	B56
Durability5% weight	C48	A72Higher

Rank among Global Aggregate Bond (Unhedged) funds

How we build Categories ›

Same Category. GRNB and PYLD are both graded against the same 28 Global Aggregate Bond (Unhedged) funds, so their Grades compare head to head.

Global Aggregate Bond (Unhedged)⁠

Category · 28 funds

See all 28 ›

GRNB ranks 2nd and PYLD 16th of 28 funds in the Global Aggregate Bond (Unhedged) Category.

Rank 1ADFGPDimensional Global Core Plus Fixed Income ETFScore 80
Rank 2ABNDWVanguard Total World Bond ETFScore 77
Rank 2AGRNBVanEck Green Bond ETFScore 77
Rank 4ADFGXDimensional International Core Fixed Income ETFScore 75
Rank 14BHFSIHartford Strategic Income ETFScore 61
Rank 16BPYLDPIMCO Multisector Bond Active Exchange-Traded FundScore 59
Rank 17BBONDPIMCO Active Bond Exchange-Traded FundScore 56

Our read on each fund

ETF.net Research

GRNBAVanEck Green Bond ETF

PYLDBPIMCO Multisector Bond Active Exchange-Traded Fund

In short

GRNB Its peer group is stacked with total-bond-market giants. GRNB goes narrow instead: only dollar-denominated green bonds funding environmental projects, issued worldwide by governments, supranationals and companies. A 2017-vintage specialist at 0.20%.

PYLD PIMCO's go-anywhere credit desk, wrapped in an ETF. No benchmark to hug: the team roams global bond sectors hunting yield and pays out monthly. The fee is a real one, but so is the mandate.

Stated mandate

GRNB The fund seeks to track the S&P Green Bond U.S. Dollar Select Index before fees and expenses. The index covers U.S.-dollar-denominated green bonds financing environmentally friendly projects and issued globally by supranational, government, and corporate entities.

PYLD The Fund seeks to maximize yield and achieve long-term capital appreciation while using prudent investment management.

Why people hold it

GRNB The mandate is the point: bonds whose proceeds fund environmentally friendly projects, tracked to the S&P Green Bond U.S. Dollar Select Index instead of a generic aggregate benchmark.vaneck.com
0.20% a year runs below the typical fund in its category, and it sits in the top quartile of a large aggregate-bond peer group on how closely it tracks and what it holds.
Global sourcing, dollar pricing: supranational, government and corporate issuers, roughly 500 bonds, all USD-denominated, so no currency translation layered on top.
Distributions land monthly, and the fund has been running since 2017.

PYLD Benchmark-agnostic by design: at least 80% in a multi-sector global bond portfolio spanning investment grade and high yield, run by a team that includes PIMCO's group CIO.yahoo.com
Roughly a thousand bond positions across sectors and maturities, so no single issuer sets the tone.
The stated objective is blunt: maximize yield while seeking long-term capital appreciation. Distributions land monthly.
A multi-billion-dollar fund that trades actively, unusual scale for an ETF that only launched in 2023.

Worth knowing

GRNB Thinly traded next to core bond giants like BND, so spreads and order type matter more here.
Green describes what the proceeds fund, not an issuer's whole business; the credit still sits with governments, supranationals and companies.
The screen costs extra: plain aggregate rivals like BND and SPAB list expense ratios near 0.03%.

PYLD 0.74% a year is active-manager pricing in a cohort where index Aggs like BND and SCHZ charge 0.03% and the typical fund charges 0.36%.
Go-anywhere and derivative-friendly: results can diverge from the Agg in either direction. You are buying a manager's calls, not an index.yahoo.com
Launched in 2023, so the track record in this wrapper is still short compared with the index veterans it sits beside.

Full GRNB profile⁠

Full PYLD profile⁠

GRNB vs PYLD Holdings

How GRNB and PYLD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of GRNB and 0.0% of PYLD.

Level by level

Holdings0 in both0.0%
Countryby domicile39.5%

Sector

No Sector split for GRNB and PYLD.

Country, concentration and asset class

Country by domicile

Country weights in GRNB and PYLD, widest gap first
Country	More in GRNBMore in PYLD	GRNB	PYLD
United States	PYLD +60.5 points	39.3%	99.8%
Cayman Islands	GRNB +17.0 points	17.0%	0.0%
Hong Kong	GRNB +7.9 points	7.9%	0.0%
South Korea	GRNB +6.0 points	6.0%	0.0%
Luxembourg	GRNB +5.8 points	5.8%	0.0%
Chile	GRNB +3.2 points	3.2%	0.0%
Japan	GRNB +2.5 points	2.5%	0.0%
Netherlands	GRNB +2.5 points	2.5%	0.0%
Other countries (19)	GRNB +15.5 points	15.7%	0.2%

Outside the US: GRNB 45% developed, 55% emerging.

Concentration

Weight in the 10 largest Holdings

GRNB9.4%
PYLD34.5%

Securities held

GRNB262
PYLD2,004

Asset class

GRNB: Multi-Asset
PYLD: Fixed Income

Holdings

Only in GRNB262
In both0
Only in PYLD2,004

Only in GRNB

262 securities, 97.7% of GRNB by weight

European Investment Bank4.46%
Hong Kong Government International Bond2.77%
Gaci First Investment Co2.62%
Fannie Mae-Aces2.52%
Kreditanstalt Fuer Wiederaufbau1.81%
Midamerican Energy Co1.77%
Export-Import Bank Of Korea1.66%
Verizon Communications Inc1.64%
Boston Properties Lp1.60%
Perusahaan Penerbit Sbsn Indonesia Iii1.44%
Ford Motor Co1.28%
Rwe Finance Us Llc1.25%
Lg Energy Solution Ltd1.22%
Wulf Compute Llc1.08%
Chile Government International Bond0.96%
Nxp Bv / Nxp Funding Llc / Nxp Usa Inc0.93%
Aes Corp/The0.93%
Zf North America Capital Inc0.91%
Turkiye Government International Bond0.90%
China Construction Bank Corp/Hong Kong0.88%
Clearway Energy Operating Llc0.87%
Smurfit Kappa Treasury Ulc0.85%
Equinix Inc0.83%
Bocom Leasing Management Hong Kong Co L0.83%
Pacificorp0.82%
New York State Electric & Gas Corp0.81%
Qatar Government International Bond0.80%
Abu Dhabi National Energy Co Pjsc0.79%
Northern States Power Co/Mn0.79%
Korea Electric Power Corp0.79%
General Motors Co0.75%
Saudi Electricity Sukuk Programme Co0.74%
Ardagh Metal Packaging Finance Usa Llc0.73%
Abn Amro Bank Nv0.73%
Sk Battery America Inc0.67%
International Finance Corp0.66%
Cmb International Leasing Management Lt0.64%
Alexandria Real Estate Equities Inc0.63%
Public Service Co Of Colorado0.63%
Japan Bank For International Cooperatio0.63%
Israel Government International Bond0.62%
Industrial & Commercial Bank Of China L0.62%
Smurfit Westrock Financing Dac0.61%
Aldar Investment Properties Sukuk Ltd0.60%
Pepsico Inc0.59%
Erp Operating Lp0.57%
Emirates Nbd Bank Pjsc0.56%
Dte Electric Co0.55%
Rec Ltd0.54%
Sk Hynix Inc0.52%

Only in PYLD

2,004 securities, 100% of PYLD by weight

Repo Bank America Repo 3.96% 11/02/20267.03%
Fnma Tba 30 Yr 6 Single Family Mortgage 6.00% 12/15/20546.71%
Fnma Tba 30 Yr 5 Single Family Mortgage 5.00% 12/10/20565.66%
Fnma Tba 30 Yr 4 Single Family Mortgage 4.00% 12/10/20563.91%
Repo Bank America Repo 3.97% 11/05/20262.99%
Fnma Pool MA6052 Fn 05/56 Fixed 4.5 4.50% 05/01/20562.47%
Fnma Tba 30 Yr 5.5 Single Family Mortgage 5.50% 12/15/20542.16%
Fnma Tba 30 Yr 4.5 Single Family Mortgage 4.50% 12/10/20561.57%
Tsy Infl Ix N/B 01/36 1.875 1.88% 01/15/20361.01%
Republic of Peru Sr Unsecured 144A 08/32 6.15 6.15% 08/12/20320.98%
Republic of South Africa Bonds 01/37 8.5 8.50% 01/31/20370.90%
Fed Hm Ln Pc Pool RQ0117 Fr 05/56 Fixed 4.5 4.50% 05/01/20560.88%
Tsy Infl Ix N/B 07/34 1.875 1.88% 07/15/20340.74%
Letra Tesouro Nacional Bills 04/27 0.00000 04/01/20270.66%
Rd Michigan Prop Owner I Sr Secured 144A 03/45 7.5 7.50% 03/30/20450.66%
Tsy Infl Ix N/B 04/29 2.125 2.13% 04/15/20290.60%
Titulos De Tesoreria Bonds 08/29 11 11.00% 08/22/20290.58%
Us Treasury N/B 11/45 4.625 4.63% 11/15/20450.57%
Cashmere Funding Trust Casht 2026 1 A11 5.57% 02/13/20630.55%
Jane Street Grp/Jsg Fin Sr Secured 144A 08/31 7.294 7.29% 08/13/20310.51%
Us Treasury N/B 05/48 3.125 3.13% 05/15/20480.50%
Jane Street Grp/Jsg Fin Sr Secured 144A 08/33 7.686 7.69% 08/13/20330.49%
Fed Hm Ln Pc Pool SL4832 Fr 05/56 Fixed 4.5 4.50% 05/01/20560.49%
Republic of South Africa Bonds 02/31 7 7.00% 02/28/20310.47%
Diameter Capital Clo Dclo 2025 9A A 144A 5.25% 04/20/20380.46%
Beignet Investor Llc Sr Secured 144A 05/49 6.581 6.58% 05/30/20490.44%
Fnma Tba 30 Yr 5 Single Family Mortgage 5.00% 11/12/20560.42%
Pimco Enhanced Short Maturity Pimco Enhanced Short Maturit0.39%
Flutter Treasury Dac Sr Secured 144A 06/31 5.875 5.88% 06/04/20310.38%
Titulos De Tesoreria Bonds 01/35 11.75 11.75% 01/24/20350.37%
Titulos De Tesoreria Bonds 02/33 13.25 13.25% 02/09/20330.37%
BANK5 BANK5 2026 5YR23 A3 5.61% 07/15/20590.36%
Jane Street Grp/Jsg Fin Sr Secured 144A 08/36 8.088 8.09% 08/13/20360.35%
Sammons Financial Group Sr Unsecured 144A 04/34 6.875 6.88% 04/15/20340.33%
Rfr USD SOFR/3.75000 12/17/25-10Y Lch 12/17/20350.31%
Greystone Commercial Real Esta Gstne 2025 FL4 A 144A 5.41% 01/15/20430.30%
Ares Clo Ltd Ares 2022 65A A1R 144A 5.19% 07/25/20340.30%
Ellington Financial Mortgage T Efmt 2026 NQM5 A1 144A 5.56% 06/25/20710.29%
Dryden Senior Loan Fund Drslf 2021 95A Ar 144A 4.77% 08/20/20340.29%
Fed Hm Ln Pc Pool RQ0126 Fr 06/56 Fixed 4.5 4.50% 06/01/20560.29%
Halseypoint Clo Ltd. Hlsy 2024 8A A1 144A 5.23% 01/30/20380.27%
Enbridge Inc Company Guar 03/33 5.7 5.70% 03/08/20330.27%
Gartner Inc Company Guar 144A 10/30 3.75 3.75% 10/01/20300.27%
Jp Morgan Mortgage Trust Jpmmt 2026 ACES1 A1 144A 4.89% 04/25/20660.27%
Slam Ltd Slam 2026 1A A 144A 5.55% 07/15/20510.27%
JPMF1 Multifamily Mortgage Tru JPMF1 2026 FX1 A3 5.31% 05/15/20590.27%
Avolon Holdings Fndg Ltd Company Guar 144A 10/32 4.95 4.95% 10/15/20320.26%
Smb Private Education Loan Tru Smb 2026 C A1A 144A 5.09% 11/16/20540.25%
Eagle Funding Luxco Sarl Sr Unsecured 144A 08/30 5.5 5.50% 08/17/20300.24%
Msci Inc Sr Unsecured 09/35 5.25 5.25% 09/01/20350.23%

Weight gaps

GRNB and PYLD share no securities.

All 466 GRNB holdings⁠All 1,118 PYLD 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.

GRNB vs PYLD Cost

Overpaying PYLD vs GRNB

$6,933

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

GRNB 0.20%
$4,155
PYLD 0.56%
$11,088

Amount$10,000

Years30 years

Cost over time

GRNB 0.20%
PYLD 0.56%
Overpaying

Year by year

Year	GRNB	PYLD	Overpaying
10	$365	$1,006	$641
20	$1,421	$3,855	$2,434
30	$4,155	$11,088	$6,933

Expense ratio

0.20%GRNB, cheaper
0.56%PYLD

GRNB0.20%PYLD0.56%

0.05%1.15%

Middle half of Global Aggregate Bond (Unhedged) funds
Median 0.40%

GRNB 2nd cheapest of 28 funds

PYLD 24th cheapest of 28 funds

GRNB vs PYLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GRNB 4.52%; PYLD 6.54%, better
Payout (12M): GRNB $1.06; PYLD $1.68
Last payment: GRNB $0.09; PYLD $0.14
Ex-dividend: GRNB Oct 1, 2026; PYLD Oct 1, 2026
Paid on: GRNB Oct 6, 2026; PYLD Oct 5, 2026
Frequency: GRNB Monthly; PYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GRNBMonthly · 45 paymentsAll GRNB payments⁠

PYLDMonthly · 40 paymentsAll PYLD payments⁠

GRNB vs PYLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GRNB 4.4%, betterPYLD 4.9%
Return per unit of riskSharpe ratio, 3 years: GRNB 0.30PYLD 0.81, better
Worst fallMax drawdown, 5 years: GRNB −16.4%PYLD −4.5%since Jun 2023
Market sensitivityBeta, 5 years: GRNB 0.69PYLD 0.81; Market = 1

GRNB and PYLD in the news

All news⁠

New ETFs
XFUNDS Technology Income ETF is 99.1% the Vanguard Information Technology ETF
Oct 12, 2026PYLD
First-Year Review
Hartford Dynamic Bond ETF's first year: coupons covered a 3.9% slide
Sep 23, 2026PYLD

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GRNB vs PYLD

In short

Stated mandate

Why people hold it

Worth knowing

How GRNB and PYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GRNB

Only in PYLD

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

XFUNDS Technology Income ETF is 99.1% the Vanguard Information Technology ETF

Hartford Dynamic Bond ETF's first year: coupons covered a 3.9% slide

How GRNB and PYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GRNB

Only in PYLD

Weight gaps