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NuShares ETF Trust Nuveen Global Net Zero Transition ETF

NTZG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 23 2022
Expense Ratio
0.55%
Type
Global Equities
Fund Owner
Nuveen
Volume (1m avg. daily)
AUM
$5,514,080
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

AMZN
Amazon.com Inc.
4.08%
n/a
US DOLLARS
3.83%
MSFT
Microsoft Corporation
3.67%
ORCL
Oracle Corp.
2.51%
NOVO B
Novo Nordisk - Ordinary Shares - Class B
2.40%
SU
Schneider Electric SE
2.34%
SHEL
Shell Plc
2.29%
LIN
Linde Plc.
2.25%
TSM
Taiwan Semiconductor Manufacturing - ADR
2.10%
WMT
Walmart Inc
2.04%
Invest with NTZG

What is NTZG?

The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to provide capital appreciation and, under normal market conditions, invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in equity securities of companies that the sub-adviser believes will have a positive impact on the carbon economy through their current and/or planned efforts to reduce global greenhouse gas emissions, which, in turn, will contribute to the overall transition to a net zero economy ("Net Zero Transition Companies"). The Fund may invest in companies of any market capitalization located anywhere in the world, including companies located in emerging markets. Under normal market conditions, the Fund will invest at least 40% of its net assets in the securities of non-U.S. issuers. If, however, market conditions are deemed unfavorable, the Fund will invest at least 30% of its net assets in the securities of non-U.S. issuers. The Fund will invest in securities of issuers in at least three different countries (one of which may be the United States) and may invest up to 25% of its net assets in securities of companies located in emerging markets.

ETFs related toNTZG

ETFs correlated to NTZG include SPGM, VT, ACWI

NTZG
NuShares ETF Trust - Nuveen Global Net Zero Transition ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity ETF
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity 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

NTZG is a Global Equities ETF. The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to provide capital appreciation and, under normal market conditions, invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in equity securities of companies that the sub-adviser believes will have a positive impact on the carbon economy through their current and/or planned efforts to reduce global greenhouse gas emissions, which, in turn, will contribute to the overall transition to a net zero economy ("Net Zero Transition Companies"). The Fund may invest in companies of any market capitalization located anywhere in the world, including companies located in emerging markets. Under normal market conditions, the Fund will invest at least 40% of its net assets in the securities of non-U.S. issuers. If, however, market conditions are deemed unfavorable, the Fund will invest at least 30% of its net assets in the securities of non-U.S. issuers. The Fund will invest in securities of issuers in at least three different countries (one of which may be the United States) and may invest up to 25% of its net assets in securities of companies located in emerging markets.

Yes, NTZG 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, NTZG 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 NTZG is -0.0029%. This is the percent change in the value of NTZG over the most recent 1-month period. The 3-month return on NTZG is -0.0139%. This is the percent change in the value of NTZG over the most recent 3-month period.

The standard deviation of NTZG for the past year is 0.1615%. 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 NTZG include PBW, IGF, and ARKK.

ETFs correlated to NTZG include SPGM, VT, and ACWI.

ETFs that are inversely correlated to NTZG include SH, SDS, and SPXU.

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.