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ProShares S&P Kensho Cleantech ETF

CTEX
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 29 2021
Expense Ratio
0.58%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$103,060
AUM
$6,897,440
Associated Index
S&P Kensho Cleantech Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

TPIC
TPI Composites Inc
4.52%
JKS
JinkoSolar Holding Co. Ltd - ADR
4.49%
BE
Bloom Energy Corp - Ordinary Shares - Class A
4.47%
CSIQ
Canadian Solar Inc
4.30%
GNRC
Generac Holdings Inc
4.17%
ARRY
Array Technologies Inc
4.01%
FSLR
First Solar Inc
4.00%
ORA
Ormat Technologies Inc
3.84%
BLDP
Ballard Power Systems Inc.
3.80%
MAXN
Maxeon Solar Technologies Ltd
3.78%
Invest with CTEX

What is CTEX?

ProShares S&P Kensho Cleantech ETF seeks investment results, before fees and expenses, that track the performance of the S&P Kensho Cleantech Index. ProShares S&P Kensho Cleantech ETF invests in companies involved in developing and building the green technologies that could power the future in areas like hydro, solar, wind, and geothermal.

ETFs related toCTEX

ETFs correlated to CTEX include CNRG, TAN, ACES

CTEX
ProShares Trust - ProShares S&P Kensho Cleantech ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
TAN
Invesco Capital Management LLC - Invesco Solar ETF
ACES
ALPS Fund Services - ALPS Clean Energy ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy ETF
KLNE
Direxion Shares ETF Trust - Direxion Daily Global Clean Energy Bull 2X Shares
CTEC
Global X Funds - Global X CleanTech ETF
FRNW
Fidelity Covington Trust - Fidelity Clean Energy ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
VCLN
Virtus ETF Trust II - Virtus Duff & Phelps Clean 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.

Automated Strategies
Related toCTEX

#BITO

Bitcoin Futures

Category

Benchmarks

Risk Rating

Aggressive

Can contain

CTEXBITO

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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.