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ETHO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 19 2015
Expense Ratio
0.47%
Type
US Equities
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$407,372
AUM
$170,147,900
Associated Index
Etho Climate Leadership Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Vmware Inc. - Ordinary Shares - Class A
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WLDN
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Adobe Inc
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UNM
Unum Group
0.51%
Invest with ETHO

What is ETHO?

ETHO is the first broad based, diversified, socially responsible and fossil-free exchange-traded fund that does not have exposure to the energy sector. The diversified index ETF avoids fossil fuel companies and selects equities based primarily on an assessment of an equity s carbon footprint. The ETHO ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Etho Climate Leadership Index (ECLI), an index of more than 350 companies listed on the NYSE Arca stock exchange that have the smallest carbon footprint in their industries. To build the ECLI, Etho Capital uses a positive selection methodology to review more than 5,000 of the most commonly traded public companies and identify the most carbon-efficient climate leaders in each industry. Using climate performance data from Trucost, Etho Capital ranks almost all public companies by carbon emissions per dollar invested and selects equities that are 50% more carbon efficient than their industry average into the ECLI s holdings. All fossil fuel, tobacco, weapons and gambling companies are eliminated from the index. Finally, a screen is conducted based on environmental, social and governance performance data with expertise from NGO partners and input from global stakeholders.

ETFs related toETHO

ETFs correlated to ETHO include IWR, EUSA, IMCB

ETHO
ETF Managers Group LLC - FA Etho Climate Leadership U.S. ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap 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 toETHO

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with ETHO using Composer

FAQ

ETHO is a US Equities ETF. ETHO is the first broad based, diversified, socially responsible and fossil-free exchange-traded fund that does not have exposure to the energy sector. The diversified index ETF avoids fossil fuel companies and selects equities based primarily on an assessment of an equity s carbon footprint. The ETHO ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Etho Climate Leadership Index (ECLI), an index of more than 350 companies listed on the NYSE Arca stock exchange that have the smallest carbon footprint in their industries. To build the ECLI, Etho Capital uses a positive selection methodology to review more than 5,000 of the most commonly traded public companies and identify the most carbon-efficient climate leaders in each industry. Using climate performance data from Trucost, Etho Capital ranks almost all public companies by carbon emissions per dollar invested and selects equities that are 50% more carbon efficient than their industry average into the ECLI s holdings. All fossil fuel, tobacco, weapons and gambling companies are eliminated from the index. Finally, a screen is conducted based on environmental, social and governance performance data with expertise from NGO partners and input from global stakeholders.

ETHO tracks the Etho Climate Leadership Index.

No, ETHO 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, ETHO 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 ETHO is -0.0267%. This is the percent change in the value of ETHO over the most recent 1-month period. The 3-month return on ETHO is -0.0216%. This is the percent change in the value of ETHO over the most recent 3-month period.

The standard deviation of ETHO for the past year is 0.1992%. 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 ETHO include SPHQ, DSI, and QUAL.

ETFs correlated to ETHO include IWR, EUSA, and IMCB.

ETFs that are inversely correlated to ETHO include RWM, TZA, and TWM.

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.