Global X Carbon Credits Strategy ETF
Top 10 Holdings
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
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.
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.