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ETFs

Global X Funds Global X Green Building ETF

GRNR
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 11 2022
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$1,823
AUM
$2,013,000
Associated Index
Solactive Green Building Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with GRNR

What is GRNR?

The Global X Green Building ETF (GRNR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Green Building Index. The Global X Green Building ETF (GRNR) invests in companies positioned to benefit from increasing demand for buildings that either positively impact the natural environment or reduce/eliminate negative impacts. This includes companies involved in green building development and management, as well as the technologies used to increase energy efficiency in residential, commercial and public buildings.

ETFs related toGRNR

ETFs correlated to GRNR include HAUZ, RWX, VNQI

GRNR
Global X Funds - Global X Green Building ETF
HAUZ
DBX ETF Trust - Xtrackers International Real Estate ETF
RWX
SSgA Active Trust - SPDR Dow Jones International Real Estate ETF
VNQI
Vanguard Group, Inc. - Vanguard Global ex-U.S. Real Estate ETF
DLS
WisdomTree Trust - WisdomTree International SmallCap Dividend Fund
PSP
Invesco Capital Management LLC - Invesco Global Listed Private Equity ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
SCZ
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Small-Cap ETF
DFE
WisdomTree Trust - WisdomTree Europe SmallCap Dividend Fund
YDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest International Equity Buffer ETF - December
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund 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

GRNR is a Global Equities ETF. The Global X Green Building ETF (GRNR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Green Building Index. The Global X Green Building ETF (GRNR) invests in companies positioned to benefit from increasing demand for buildings that either positively impact the natural environment or reduce/eliminate negative impacts. This includes companies involved in green building development and management, as well as the technologies used to increase energy efficiency in residential, commercial and public buildings.

GRNR tracks the Solactive Green Building Index.

No, GRNR 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, GRNR 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 GRNR is -0.0585%. This is the percent change in the value of GRNR over the most recent 1-month period. The 3-month return on GRNR is 0.0027%. This is the percent change in the value of GRNR over the most recent 3-month period.

ETFs similar to GRNR include TAN, EFG, and PBW.

ETFs correlated to GRNR include HAUZ, RWX, and VNQI.

ETFs that are inversely correlated to GRNR include EPV, EFZ, and SEF.

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.