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ETFs

iShares Trust iShares Breakthrough Environmental Solutions ETF

ETEC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 28 2023
Expense Ratio
0.47%
Type
Global Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$2,165
AUM
$3,605,660
Associated Index
Morningstar Global Emerging Green Technologies Select Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

EOAN
E. On SE
5.43%
OLED
Universal Display Corp.
5.16%
TSLA
Tesla Inc
5.06%
006400
Samsung SDI Co. Ltd.
4.71%
VWS
Vestas Wind Systems AS
4.71%
ABBN
ABB Ltd.
4.67%
6506
Yaskawa Electric Corporation
4.42%
XYL
Xylem Inc
4.39%
NIBE B
Nibe Industrier AB - Ordinary Shares - Class B
4.36%
UMI
Sumitomo Mitsui Trust Bank Limited
4.32%
Invest with ETEC

What is ETEC?

The iShares Breakthrough Environmental Solutions ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies involved in breakthrough innovations and development of new technologies that address the climate transition. Gain exposure to companies involved in breakthrough innovations and solutions in energy efficiency, green buildings, green transportation, pollution prevention and reduction, renewable energy, water, resource efficiency and sustainable agriculture.

ETFs related toETEC

ETFs correlated to ETEC include ERTH, IDRV, VSGX

ETEC
iShares Trust - iShares Breakthrough Environmental Solutions ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
IDRV
iShares Trust - iShares Self-Driving EV and Tech ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US 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 toETEC

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with ETEC using Composer

FAQ

ETEC is a Global Equities ETF. The iShares Breakthrough Environmental Solutions ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies involved in breakthrough innovations and development of new technologies that address the climate transition. Gain exposure to companies involved in breakthrough innovations and solutions in energy efficiency, green buildings, green transportation, pollution prevention and reduction, renewable energy, water, resource efficiency and sustainable agriculture.

ETEC tracks the Morningstar Global Emerging Green Technologies Select Index.

No, ETEC 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, ETEC 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 ETEC is -0.0474%. This is the percent change in the value of ETEC over the most recent 1-month period. The 3-month return on ETEC is -0.0995%. This is the percent change in the value of ETEC over the most recent 3-month period.

ETFs similar to ETEC include PBW, IGF, and ARKK.

ETFs correlated to ETEC include ERTH, IDRV, and VSGX.

ETFs that are inversely correlated to ETEC include EDZ, EFZ, and HIBS.

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.