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ETFs

ALPS Clean Energy ETF

ACES
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 29 2018
Expense Ratio
0.55%
Type
US Equities
Fund Owner
ALPS
Volume (1m avg. daily)
$5,042,696
AUM
$390,283,906
Associated Index
CIBC Atlas Clean Energy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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DAR
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NEP
NextEra Energy Partners LP - Unit
4.75%
FSLR
First Solar Inc
4.74%
ALB
Albemarle Corp.
4.67%
PLUG
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4.60%
NPI
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Invest with ACES

What is ACES?

The Fund seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the Underlying Index ). The Underlying Index utilizes a rules-based methodology developed by CIBC National Trust Company (the Index Provider ), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The clean energy sector is comprised of companies that provide the products and services that enable the evolution of a more sustainable energy sector. Clean energy business segments include, but are not limited to, the following activities: (i) renewable energy sources, including solar power, wind power, hydroelectricity, geothermal energy, biomass, biofuels, and tidal/wave energy, (ii) clean technologies, including electric vehicles, energy storage, lithium, fuel cell, LED, smart grid, and energy efficiency technologies and (iii) other emerging clean energy activities and technologies.

ETFs related toACES

ETFs correlated to ACES include QCLN, PBW, CNRG

ACES
ALPS Fund Services - ALPS Clean Energy ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy ETF
TAN
Invesco Capital Management LLC - Invesco Solar ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toACES

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with ACES using Composer

FAQ

ACES is a US Equities ETF. The Fund seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the Underlying Index ). The Underlying Index utilizes a rules-based methodology developed by CIBC National Trust Company (the Index Provider ), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The clean energy sector is comprised of companies that provide the products and services that enable the evolution of a more sustainable energy sector. Clean energy business segments include, but are not limited to, the following activities: (i) renewable energy sources, including solar power, wind power, hydroelectricity, geothermal energy, biomass, biofuels, and tidal/wave energy, (ii) clean technologies, including electric vehicles, energy storage, lithium, fuel cell, LED, smart grid, and energy efficiency technologies and (iii) other emerging clean energy activities and technologies.

ACES tracks the CIBC Atlas Clean Energy Index.

No, ACES is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ACES is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ACES is -0.0359%. This is the percent change in the value of ACES over the most recent 1-month period. The 3-month return on ACES is -0.1025%. This is the percent change in the value of ACES over the most recent 3-month period.

The standard deviation of ACES for the past year is 0.3438%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ACES include SPHQ, DSI, and QUAL.

ETFs correlated to ACES include QCLN, PBW, and CNRG.

ETFs that are inversely correlated to ACES include RWM, SRTY, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.