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ETFs

BSEA
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Today’s Change
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Snapshot
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Inception Date
Sep 20 2021
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$4,021
AUM
$1,979,929
Associated Index
Marine Money Decarbonization Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.01%
Invest with BSEA

What is BSEA?

The ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Marine Money Decarbonization Index. The Marine Money Decarbonization Index (MMDI or the Index ) tracks the performance of the equity securities of a diversified set of global companies that develop technologies, manufacture equipment or provide services related to marine or ocean decarbonization. This includes companies involved in cleaner propulsion (including alternative fuels, batteries, and fuel cells), carbon capture technologies and offshore wind development. The Index was developed and is maintained by Maritime Transformation Partners, a collaboration between Marine Money, Breakwave Advisors and Sea/Switch Partners. You cannot invest directly in an index.

ETFs related toBSEA

ETFs correlated to BSEA include SCHC, DFIS, AVGE

BSEA
ETF Managers Trust - ETFMG Breakwave Sea Decarbonization Tech ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
DFIS
Dimensional ETF Trust - Dimensional International Small Cap ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
ISCF
BlackRock Institutional Trust Company N.A. - iShares International Small-Cap Equity Factor ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
EXI
BlackRock Institutional Trust Company N.A. - iShares Global Industrials ETF
TLTD
FlexShares Trust - FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
IDEV
iShares Trust - iShares Core MSCI International Developed Markets 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

BSEA is a Global Equities ETF. The ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Marine Money Decarbonization Index. The Marine Money Decarbonization Index (MMDI or the Index ) tracks the performance of the equity securities of a diversified set of global companies that develop technologies, manufacture equipment or provide services related to marine or ocean decarbonization. This includes companies involved in cleaner propulsion (including alternative fuels, batteries, and fuel cells), carbon capture technologies and offshore wind development. The Index was developed and is maintained by Maritime Transformation Partners, a collaboration between Marine Money, Breakwave Advisors and Sea/Switch Partners. You cannot invest directly in an index.

BSEA tracks the Marine Money Decarbonization Index.

No, BSEA 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, BSEA 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 BSEA is -0.0504%. This is the percent change in the value of BSEA over the most recent 1-month period. The 3-month return on BSEA is -0.0414%. This is the percent change in the value of BSEA over the most recent 3-month period.

The standard deviation of BSEA for the past year is 0.2917%. 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 BSEA include PBW, TAN, and EFG.

ETFs correlated to BSEA include SCHC, DFIS, and AVGE.

ETFs that are inversely correlated to BSEA include EPV, EFZ, 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.

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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.