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ETFs

Horizon Kinetics Energy and Remediation ETF

NVIR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 21 2023
Expense Ratio
0.85%
Type
Global Equities
Fund Owner
Horizon Kinetics
Volume (1m avg. daily)
$3,711
AUM
$2,363,210
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
6.52%
EQT
EQT Corp
4.58%
DEN
Denbury Inc. - Ordinary Shares - New
4.31%
PBT
Permian Basin Royalty Trust
4.04%
PSK
PRAIRIESKY ROYALTY LTD
3.97%
PXD
Pioneer Natural Resources Co.
3.87%
CHK
Chesapeake Energy Corp. - Ordinary Shares - New
3.81%
COP
Conoco Phillips
3.79%
OXY
Occidental Petroleum Corp.
3.79%
FANG
Diamondback Energy Inc
3.77%
Invest with NVIR

What is NVIR?

The ETF invests primarily in the equity securities of domestic and foreign companies expected to benefit, either directly or indirectly, from the increasing focus on climate change and environmentally sensitive carbon-based energy production. A great many businesses will not. The Fund employs a dual, reality-based mandate: (1) companies that produce carbon-based energy positioned to benefit from long-term global demand growth and developing structural supply insufficiency, and (2) remediation companies with existing and/or developing technologies that can alleviate the negative environmental impacts derived from the production and consumption of hydrocarbons.

ETFs related toNVIR

ETFs correlated to NVIR include FCG, FXN, XOP

NVIR
Listed Funds Trust - Horizon Kinetics Energy and Remediation ETF
FCG
First Trust Exchange-Traded Fund III - First Trust Natural Gas ETF
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund
XOP
SPDR Series Trust - SPDR Oil & Gas Exploration and Production ETF
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
GUSH
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
COWZ
Pacer Funds Trust - Pacer US Cash Cows 100 ETF
RYE
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
PXE
Invesco Capital Management LLC - Invesco Dynamic Energy Exploration & Production ETF
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF
PSCE
Invesco Capital Management LLC - Invesco S&P SmallCap Energy 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

NVIR is a Global Equities ETF. The ETF invests primarily in the equity securities of domestic and foreign companies expected to benefit, either directly or indirectly, from the increasing focus on climate change and environmentally sensitive carbon-based energy production. A great many businesses will not. The Fund employs a dual, reality-based mandate: (1) companies that produce carbon-based energy positioned to benefit from long-term global demand growth and developing structural supply insufficiency, and (2) remediation companies with existing and/or developing technologies that can alleviate the negative environmental impacts derived from the production and consumption of hydrocarbons.

Yes, NVIR 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, NVIR 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 NVIR is -0.0088%. This is the percent change in the value of NVIR over the most recent 1-month period. The 3-month return on NVIR is -0.0593%. This is the percent change in the value of NVIR over the most recent 3-month period.

ETFs similar to NVIR include ARKK, TAN, and EFG.

ETFs correlated to NVIR include FCG, FXN, and XOP.

ETFs that are inversely correlated to NVIR include DRIP, OILD, and DUG.

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.