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ETFs

Global X Funds Global X Green Building ETF

GRNR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 11, 2022
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$3,457
AUM
$2,060,157
Associated Index
Solactive Green Building Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

DLR
Digital Realty Trust Inc
4.37%
TT
Trane Technologies plc - Ordinary Shares - Class A
4.21%
CARR
Carrier Global Corp
4.07%
6367
Daikin Industries Ltd
3.98%
OTIS
Otis Worldwide Corp
3.95%
CSL
Carlisle Companies Inc.
3.56%
OC
Owens Corning
3.39%
LII
Lennox International Inc
3.36%
KRX
Kingspan Group Plc
3.19%
SGRO
Segro Plc
3.09%
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, SCHC

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
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
VNQI
Vanguard Group, Inc. - Vanguard Global ex-U.S. Real Estate ETF
SCZ
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Small-Cap ETF
DLS
WisdomTree Trust - WisdomTree International SmallCap Dividend Fund
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
DFIS
Dimensional ETF Trust - Dimensional International Small Cap ETF
FNDC
Schwab Strategic Trust - Schwab Fundamental International Small Company Index ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 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 -0.0288%. This is the percent change in the value of GRNR over the most recent 1-month period. The 3-month return on GRNR is 0.014%. This is the percent change in the value of GRNR over the most recent 3-month period.

The standard deviation of GRNR for the past year is 0.2094%. 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 GRNR include PBW, IGF, and ARKK.

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

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

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.