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Goldman Sachs Bloomberg Clean Energy Equity ETF

GCLN
$
Today’s Change
()

Snapshot
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Inception Date
Feb 8, 2022
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$7,571
AUM
$8,340,997
Associated Index
Bloomberg Goldman Sachs Global Clean Energy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

TSLA
Tesla Inc
5.28%
NEE
NextEra Energy Inc
5.09%
IBE
Iberdrola S.A.
4.95%
ENEL
Enel Spa
3.49%
EXC
Exelon Corp.
2.79%
DUK
Duke Energy Corp.
2.64%
NG.
National Grid Plc
2.62%
D
Dominion Energy Inc
2.55%
AEP
American Electric Power Company Inc.
2.54%
300750
Contemporary Amperex Technology Co. Limited - Ordinary Shares - Class A
2.49%

What is GCLN?

The Goldman Sachs Bloomberg Clean Energy Equity ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Goldman Sachs Global Clean Energy Index. The Index is designed to deliver exposure to companies that are expected to have a significant impact on energy decarbonization through their exposure to clean energy which includes, but is not limited to, clean power infrastructure (generation, transmission and distribution), solar energy, wind energy, energy storage, hydrogen energy, energy digitalization and bioenergy.

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ETFs related toGCLN

ETFs correlated to GCLN include ERTH, VSS, SCHC

GCLN
Goldman Sachs ETF Trust - Goldman Sachs Bloomberg Clean Energy Equity ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
GRID
First Trust Exchange-Traded Fund III - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target 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

GCLN is a Global Equities ETF. The Goldman Sachs Bloomberg Clean Energy Equity ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Goldman Sachs Global Clean Energy Index. The Index is designed to deliver exposure to companies that are expected to have a significant impact on energy decarbonization through their exposure to clean energy which includes, but is not limited to, clean power infrastructure (generation, transmission and distribution), solar energy, wind energy, energy storage, hydrogen energy, energy digitalization and bioenergy.

GCLN tracks the Bloomberg Goldman Sachs Global Clean Energy Index.

No, GCLN 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, GCLN 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 GCLN is -0.0338%. This is the percent change in the value of GCLN over the most recent 1-month period. The 3-month return on GCLN is -0.0969%. This is the percent change in the value of GCLN over the most recent 3-month period.

The standard deviation of GCLN for the past year is 0.1948%. 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 GCLN include PBW, IGF, and ARKK.

ETFs correlated to GCLN include ERTH, VSS, and SCHC.

ETFs that are inversely correlated to GCLN include EFZ, EPV, and SDS.

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.

**

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.

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