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ETFs

Harbor Energy Transition Strategy ETF

RENW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 13 2022
Expense Ratio
0.80%
Type
Global Commodities & Metals
Fund Owner
Harbor Funds
Volume (1m avg. daily)
$3,842
AUM
$25,211,000
Associated Index
Quantix Energy Transition Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash and Other Assets Less Liabilities
30.00%
n/a
TREASURY BILL
26.20%
n/a
TREASURY BILL
24.30%
n/a
TREASURY BILL
21.20%
Invest with RENW

What is RENW?

The Harbor Energy Transition Strategy ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Quantix Energy Transition Index (the "index"). The Quantix Energy Transition Index ("QET") was designed with the objective of providing diversified exposure to the building blocks of the accelerating transition from carbon-intensive energy sources to less carbon intensive sources of energy using commodity futures.

ETFs related toRENW

ETFs correlated to RENW include KRBN, BCI, BCD

RENW
Harbor ETF Trust - Harbor Energy Transition Strategy ETF
KRBN
KraneShares ICAV - KraneShares Global Carbon Strategy ETF
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF
DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers 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.

Automated Strategies
Related toRENW

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with RENW using Composer

FAQ

RENW is a Global Commodities & Metals ETF. The Harbor Energy Transition Strategy ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Quantix Energy Transition Index (the "index"). The Quantix Energy Transition Index ("QET") was designed with the objective of providing diversified exposure to the building blocks of the accelerating transition from carbon-intensive energy sources to less carbon intensive sources of energy using commodity futures.

RENW tracks the Quantix Energy Transition Index.

No, RENW 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, RENW 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 RENW is -0.0108%. This is the percent change in the value of RENW over the most recent 1-month period. The 3-month return on RENW is -0.0199%. This is the percent change in the value of RENW over the most recent 3-month period.

The standard deviation of RENW for the past year is 0.2096%. 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 RENW include DBE, USOI, and BNO.

ETFs correlated to RENW include KRBN, BCI, and BCD.

ETFs that are inversely correlated to RENW include USDU, UUP, and EUO.

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.