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ETFs

Global X Carbon Credits Strategy ETF

NTRL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 24 2023
Expense Ratio
0.39%
Type
Global Diversified
Fund Owner
Global X
Volume (1m avg. daily)
$941
AUM
$1,680,549
Associated Index
ICE Global Carbon Futures Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CLIP
Global X Funds - Global X 1-3 Month T-Bill ETF
17.05%
n/a
BTF 0 11/08/23
5.34%
n/a
CASH
4.87%
B 0 11/14/23
B 11/14/23
3.75%
n/a
BGTB 0 11/09/23
2.94%
B 0 11/07/23
B 11/07/23
2.50%
n/a
BOTS 0 11/30/23
2.00%
n/a
UKTB 0 11/13/23
1.69%
n/a
ESMTB 0 11/23/23
1.33%
n/a
EUB 0 12/08/23
1.33%
Invest with NTRL

What is NTRL?

The Global X Carbon Credits Strategy ETF (NTRL) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE Global Carbon Futures Index. The Global X Carbon Credits Strategy ETF (NTRL) seeks to provide exposure to multiple emissions trading schemes globally by investing in the most actively traded carbon credit futures. Specifically, NTRL takes long positions in futures that require physical delivery of emission allowances issued under cap and trade regimes, including those administered in the European Union, United Kingdom, and the state of California, as well as by an alliance of states in the northeastern U.S.

ETFs related toNTRL

ETFs correlated to NTRL include KRBN, LGRO, PINK

NTRL
Global X Funds - Global X Carbon Credits Strategy ETF
KRBN
KraneShares ICAV - KraneShares Global Carbon Strategy ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
PINK
Simplify Exchange Traded Funds - Simplify Health Care ETF
TDIV
First Trust Exchange-Traded Fund III - First Trust ETF VI First Trust NASDAQ Technology Dividend Index Fund
BILZ
Pimco Exchange Traded Fund - PIMCO Ultra Short Government Active Exchange-Traded Fund
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
CIBR
First Trust Exchange-Traded Fund III - First Trust NASDAQ Cybersecurity ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
BUG
Global X Funds - Global X Cybersecurity 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

NTRL is a Global Diversified ETF. The Global X Carbon Credits Strategy ETF (NTRL) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE Global Carbon Futures Index. The Global X Carbon Credits Strategy ETF (NTRL) seeks to provide exposure to multiple emissions trading schemes globally by investing in the most actively traded carbon credit futures. Specifically, NTRL takes long positions in futures that require physical delivery of emission allowances issued under cap and trade regimes, including those administered in the European Union, United Kingdom, and the state of California, as well as by an alliance of states in the northeastern U.S.

NTRL tracks the ICE Global Carbon Futures Index.

No, NTRL 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, NTRL 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 NTRL is -0.0498%. This is the percent change in the value of NTRL over the most recent 1-month period. The 3-month return on NTRL is -0.0463%. This is the percent change in the value of NTRL over the most recent 3-month period.

ETFs similar to NTRL include PFF, PGF, and PGX.

ETFs correlated to NTRL include KRBN, LGRO, and PINK.

ETFs that are inversely correlated to NTRL include VUSB, GSST, and VNLA.

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.