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ETFs

Touchstone Climate Transition ETF

HEAT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 28 2023
Expense Ratio
0.69%
Type
Global Equities
Fund Owner
Touchstone Investments
Volume (1m avg. daily)
$235,908
AUM
$11,702,542
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NEE
NextEra Energy Inc
3.33%
RSG
Republic Services, Inc.
3.27%
GPK
Graphic Packaging Holding Co
3.15%
CSX
CSX Corp.
3.10%
CPG
COMPASS GROUP PLC
3.05%
SSE
SSE PLC
2.92%
NG/
NATIONAL GRID PLC
2.90%
AWK
American Water Works Co. Inc.
2.87%
HXL
Hexcel Corp.
2.80%
SU
SCHNEIDER ELECTRIC SE
2.79%
Invest with HEAT

What is HEAT?

The Fund invests at least 80% of its net assets in equity or equity related securities of companies that are believed to be developing solutions for net-zero emissions or companies that may benefit from positive changes in climate transition processes. Employs a high-conviction approach to individual investment selection and will typically hold 40-60 stocks under normal conditions. Includes contribution to development of substitutes / remediation measures for carbon intensive business models.

ETFs related toHEAT

ETFs correlated to HEAT include EXI, BIBL, FTC

HEAT
Touchstone ETF Trust - Touchstone Climate Transition ETF
EXI
BlackRock Institutional Trust Company N.A. - iShares Global Industrials ETF
BIBL
Northern Lights Fund Trust IV - Inspire 100 ETF
FTC
First Trust Exchange-Traded Fund III - First Trust Large Capital Growth AlphaDEX Fund
GRID
First Trust Exchange-Traded Fund III - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
CFA
Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
DGT
SPDR Series Trust - SPDR Global Dow ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market 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

HEAT is a Global Equities ETF. The Fund invests at least 80% of its net assets in equity or equity related securities of companies that are believed to be developing solutions for net-zero emissions or companies that may benefit from positive changes in climate transition processes. Employs a high-conviction approach to individual investment selection and will typically hold 40-60 stocks under normal conditions. Includes contribution to development of substitutes / remediation measures for carbon intensive business models.

Yes, HEAT is actively 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.

No, HEAT is not passively managed. It is actively 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 HEAT is 0.0327%. This is the percent change in the value of HEAT over the most recent 1-month period. The 3-month return on HEAT is %. This is the percent change in the value of HEAT over the most recent 3-month period.

ETFs similar to HEAT include EFV, EFG, and ICLN.

ETFs correlated to HEAT include EXI, BIBL, and FTC.

ETFs that are inversely correlated to HEAT include EFZ, EPV, and SH.

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.