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Blue Horizon BNE ETF

BNE
$
Today’s Change
()

Snapshot
*

Inception Date
Dec 8, 2020
Expense Ratio
0.87%
Type
Global Equities
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$11,242
AUM
$5,116,230
Associated Index
Blue Horizon New Energy Economy 100 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

1211
BYD Co - Ordinary Shares - Class H
1.24%
UUUU
Energy Fuels Inc
1.22%
AVAV
AeroVironment Inc.
1.2%
3993
CMOC Group Limited - Ordinary Shares - Class H
1.18%
CCO
Cameco Corp.
1.16%
1585
Yadea Group Holdings Ltd.
1.13%
STLAM
Stellantis N.V
1.12%
VALE
Vale S.A. - ADR
1.1%
NEP
NextEra Energy Partners LP - Unit
1.09%
TSLA
Tesla Inc
1.08%

What is BNE?

The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of Blue Horizon New Energy Economy 100 Index. The Index consists of a portfolio of approximately 100 U.S. and foreign companies participating in the New Energy Economy . Companies eligible for inclusion in the Index are those included in the Blue Horizon New Energy Economy Universe (the BH Universe ), a proprietary database of companies in the New Energy Economy Sectors listed above. Companies in the BH Universe are then screened for investibility requirements including a market capitalization in excess of $200 million and a minimum average daily value traded of $1 million. Companies in the BH Universe are then further screened for relevance to their applicable New Energy Economy Sectors, and assigned a score based on revenue, market share, growth, and technology leadership relative to their New Energy Economy Sectors. Companies with stronger ties to the New Energy Economy Sectors receive higher scores, and the companies with the highest scores are included in the Index, subject to a maximum of 30 companies in any one New Energy Economy Sector.

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ETFs related toBNE

ETFs correlated to BNE include DRIV, VSS, ERTH

BNE
ETF Series Solutions Trust - Blue Horizon BNE ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
IDRV
iShares Trust - iShares Self-Driving EV and Tech ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI 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.

FAQ

BNE is a Global Equities ETF. The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of Blue Horizon New Energy Economy 100 Index. The Index consists of a portfolio of approximately 100 U.S. and foreign companies participating in the New Energy Economy . Companies eligible for inclusion in the Index are those included in the Blue Horizon New Energy Economy Universe (the BH Universe ), a proprietary database of companies in the New Energy Economy Sectors listed above. Companies in the BH Universe are then screened for investibility requirements including a market capitalization in excess of $200 million and a minimum average daily value traded of $1 million. Companies in the BH Universe are then further screened for relevance to their applicable New Energy Economy Sectors, and assigned a score based on revenue, market share, growth, and technology leadership relative to their New Energy Economy Sectors. Companies with stronger ties to the New Energy Economy Sectors receive higher scores, and the companies with the highest scores are included in the Index, subject to a maximum of 30 companies in any one New Energy Economy Sector.

BNE tracks the Blue Horizon New Energy Economy 100 Index.

No, BNE 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, BNE 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 BNE is -0.0299%. This is the percent change in the value of BNE over the most recent 1-month period. The 3-month return on BNE is -0.0864%. This is the percent change in the value of BNE over the most recent 3-month period.

The standard deviation of BNE for the past year is 0.2492%. 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 BNE include PBW, IGF, and ARKK.

ETFs correlated to BNE include DRIV, VSS, and ERTH.

ETFs that are inversely correlated to BNE include HIBS, TZA, and RWM.

Disclaimers

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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.

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