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Blue Horizon BNE ETF

BNE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 08 2020
Expense Ratio
0.87%
Type
Global Equities
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$10,229
AUM
$7,130,750
Associated Index
Blue Horizon New Energy Economy 100 Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

VVNT
Vivint Smart Home Inc - Ordinary Shares - Class A
1.92%
SYR
Syrah Resources Limited
1.56%
PLS
Pilbara Minerals Limited
1.55%
SCCO
Southern Copper Corporation
1.49%
SIE
SIEMENS AG-REG
1.47%
FCX
Freeport-McMoRan Inc
1.43%
FSLR
First Solar Inc
1.43%
AMG
AMG ADVANCED METALLURGICAL
1.38%
IFX
INFINEON TECHNOLOGIES AG
1.35%
BAS
BASF SE
1.35%
Invest with BNE

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.

ETFs related toBNE

ETFs correlated to BNE include GDEF, GJAN, PBD

BNEETF Series Solutions Trust - Blue Horizon BNE 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
PBDInvesco Capital Management LLC - Invesco Global Clean Energy ETF
ENRGTidal ETF Trust - SoFi Smart Energy ETF
DKRBSeries Portfolios Trust - Subversive Decarbonization ETF
SOLRGuinness Atkinson Funds - SmartETFs Sustainable Energy II ETF
ERTHInvesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
FDRVFidelity Covington Trust - Fidelity Electric Vehicles and Future Transportation ETF
DRIVGlobal X Funds - Global X Autonomous & Electric Vehicles ETF
SMOGVanEck ETF Trust - VanEck Low Carbon 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

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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.