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ETFs

The Energy & Minerals Group EV, Solar & Battery Materials (Lithium, Nickel, Copper, Cobalt) Futures Strategy ETF

CHRG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 29 2022
Expense Ratio
0.95%
Type
Global Commodities & Metals
Fund Owner
Element Funds
Volume (1m avg. daily)
$10,643
AUM
$2,210,675
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

n/a
UNITED STATES TREAS BILLS 12/28/2023
80.30%
n/a
Cash & Other
19.70%
n/a
Derivatives offset
-97.32%
Invest with CHRG

What is CHRG?

Element EV, Solar & Battery Materials (Lithium, Nickel, Copper, Cobalt) Futures Strategy ETF seeks long-term capital appreciation. The Fund seeks to achieve its investment objective by concentrating its investments in a combination of financial instruments that are economically linked to elements necessary for the production of batteries and Battery Energy Storage Systems ("BESS") used in the electric vehicle and solar industries. Such elements are currently lithium, nickel, copper, and cobalt. The Fund may also invest in financial instruments economically linked to manganese or graphite. The Fund may invest in securities of companies of all sizes.

ETFs related toCHRG

ETFs correlated to CHRG include CPER, XAUG, DBB

CHRG
RBB Fund Trust(The) - The Energy & Minerals Grp EV Solar & Battery Material Futures Strat ET
CPER
United States Commodity Funds LLC - United States Copper Index Fund
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
EMC
Global X Funds - Global X Emerging Markets Great Consumer ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
COPX
Global X Funds - Global X Copper Miners 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.

Automated Strategies
Related toCHRG

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with CHRG using Composer

FAQ

CHRG is a Global Commodities & Metals ETF. Element EV, Solar & Battery Materials (Lithium, Nickel, Copper, Cobalt) Futures Strategy ETF seeks long-term capital appreciation. The Fund seeks to achieve its investment objective by concentrating its investments in a combination of financial instruments that are economically linked to elements necessary for the production of batteries and Battery Energy Storage Systems ("BESS") used in the electric vehicle and solar industries. Such elements are currently lithium, nickel, copper, and cobalt. The Fund may also invest in financial instruments economically linked to manganese or graphite. The Fund may invest in securities of companies of all sizes.

Yes, CHRG is actively 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.

No, CHRG is not passively managed. It is actively 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 CHRG is -0.0808%. This is the percent change in the value of CHRG over the most recent 1-month period. The 3-month return on CHRG is -0.1622%. This is the percent change in the value of CHRG over the most recent 3-month period.

ETFs similar to CHRG include PPLT, IAU, and SIVR.

ETFs correlated to CHRG include CPER, XAUG, and DBB.

ETFs that are inversely correlated to CHRG include EDZ, GDXD, and JDST.

Disclaimers

*

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.