BlackRock Future Climate and Sustainable Economy ETF
Top 10 Holdings
What is BECO?
The Fund seeks to maximize total return by primarily investing in companies that BFA believes are furthering the transition to a lower carbon economy including themes such as sustainable energy, circular economy, future of transport and nutrition. The Fund may invest in equity securities issued by U.S. and non-U.S. companies in any market capitalization range. The Fund intends for its portfolio of securities to be aligned with the goals of the United Nations-convened Net-Zero Asset Owner Alliance which seeks to align portfolios with a sub-2 C scenario, addressing Article 2.1c of the Paris Agreement. In order to align with a sub-2 C scenario, the Fund will: 1) seek to lower the carbon intensity of the portfolio on an annual basis, with the goal of seeking to ultimately reach a net zero greenhouse gas emissions portfolio in the aggregate by 2050; and 2) engage with the companies that account for 65% of greenhouse gas emissions in the portfolio each year. In addition, the Fund will not invest in companies currently operating in the following industries: coal & consumable fuels, oil & gas exploration & production, integrated oil & gas, tobacco, distillers & vintners, brewers, casinos & gaming and firearms & weapons. Further, the Fund will not invest in companies which violate the United Nations Global Compact. The Fund also intends for its aggregate Environmental, Social and Governance ( ESG ) score to be higher than that of the Underlying Index. While the Fund intends for its ESG score at the aggregate portfolio level to exceed the Underlying Index, individual portfolio securities will not have to meet a prescribed standard. The Fund may invest in companies of any market capitalization located anywhere in the world, including companies located in emerging markets.
ETFs related toBECO
ETFs correlated to BECO include SCHC, EXI, SPDW
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.
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.