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ETFs

Strategy Shares Strategy Shares Halt Climate Change ETF

NZRO
$—
Today’s Change
— (—)

Snapshot
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Inception Date
Jan 10, 2022
Expense Ratio
0.95%
Type
Global Equities
Fund Owner
Strategy Shares
Volume (1m avg. daily)
$4,569
AUM
$1,042,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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CASH AND CASH EQUIVALENTS
100%
Invest with NZRO

What is NZRO?

The Funds investment objective is to seek long-term capital appreciation. The Fund invests in the equity securities of climate conscious and environmentally friendly companies that must meet one of the following criteria - Direct commitment to net zero or reduced carbon emissions through a company climate pledge or involvement in initiatives such as the Paris Agreement, The Climate Pledge or other similar types of accords. Companies deriving at least 50% of their revenues or profit from, or devoting at least 50% of their assets to activities focused on advancing the progress of reducing carbon emissions through alternative energy innovation in clean transportation as well as industrial efficiency, technological advancements in electrification, climate-conscious value chains and other similar initiatives. Companies that invest a significant portion of their capital expenditures in new processes and business segments that seek to accelerate the global transition from fossil fuel related energy to renewable energy, with the intention of such activities becoming a significant part of their business.

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ETFs related toNZRO

ETFs correlated to NZRO include PABU, ITOT, IWV

NZRO
Strategy Shares - Strategy Shares Halt Climate Change ETF
PABU
iShares Trust - iShares Paris-Aligned Climate MSCI USA ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 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

NZRO is a Global Equities ETF. The Funds investment objective is to seek long-term capital appreciation. The Fund invests in the equity securities of climate conscious and environmentally friendly companies that must meet one of the following criteria - Direct commitment to net zero or reduced carbon emissions through a company climate pledge or involvement in initiatives such as the Paris Agreement, The Climate Pledge or other similar types of accords. Companies deriving at least 50% of their revenues or profit from, or devoting at least 50% of their assets to activities focused on advancing the progress of reducing carbon emissions through alternative energy innovation in clean transportation as well as industrial efficiency, technological advancements in electrification, climate-conscious value chains and other similar initiatives. Companies that invest a significant portion of their capital expenditures in new processes and business segments that seek to accelerate the global transition from fossil fuel related energy to renewable energy, with the intention of such activities becoming a significant part of their business.

Yes, NZRO 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, NZRO 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 NZRO is -0.02%. This is the percent change in the value of NZRO over the most recent 1-month period. The 3-month return on NZRO is -0.0407%. This is the percent change in the value of NZRO over the most recent 3-month period.

The standard deviation of NZRO for the past year is 0.2028%. 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 NZRO include PBW, IGF, and ARKK.

ETFs correlated to NZRO include PABU, ITOT, and IWV.

ETFs that are inversely correlated to NZRO include SDS, SPXS, and SPXU.

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.

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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.

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