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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)
$4,828,122
AUM
$605,913,546
Associated Index
CIBC Atlas Clean Energy Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

PLUG
Plug Power Inc
5.82%
FSLR
First Solar Inc
5.63%
NPI
NORTHLAND POWER INC
5.48%
BEP-U
BROOKFIELD RENEWABLE PARTNER
5.47%
ALB
Albemarle Corp.
5.37%
NEP
NextEra Energy Partners LP - Unit
5.05%
LCID
Lucid Group Inc
4.56%
RUN
Sunrun Inc
4.25%
LTHM
Livent Corp
4.18%
TSLA
Tesla Inc
4.17%
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 GDEF, GJAN, RNEW

ACESALPS Fund Services - ALPS Clean Energy ETF
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
RNEWVanEck ETF Trust - VanEck Green Infrastructure ETF
PBWInvesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
QCLNFirst Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
CNRGSPDR Series Trust - SPDR S&P Kensho Clean Power ETF
CTEXProShares Trust - ProShares S&P Kensho Cleantech ETF
ENRGTidal ETF Trust - SoFi Smart Energy ETF
CCSOTIDAL ETF TRUST II - Carbon Collective Climate Solutions U.S. Equity ETF
PBDInvesco Capital Management LLC - Invesco Global Clean Energy 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.

Disclaimers

*

We show information directly obtained from our data provider, XigniteData 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 providerInformation 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.