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ETFs

TrueShares Eagle Global Renewable Energy Income ETF

RNWZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 08 2022
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
TrueShares
Volume (1m avg. daily)
$10,638
AUM
$2,427,760
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NEE
NextEra Energy Inc
11.12%
RWE
RWE AG
9.09%
EDP
EDP-ENERGIAS DE PORTUGAL SA
6.89%
SSE
SSE PLC
6.81%
AES
AES Corp.
5.99%
ORSTED
ORSTED A/S
5.62%
ENEL
ENEL SPA
4.81%
IBE
IBERDROLA SA
4.70%
PCG
PG&E Corp.
3.11%
BEPC
Brookfield Renewable Corporation - Ordinary Shares - Class A (Sub Voting)
2.96%
Invest with RNWZ

What is RNWZ?

TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is an actively-managed ETF designed to offer investors core renewables exposure and income by investing in renewables infrastructure companies that are providing value through accelerating the global transition to clean energy. Target portfolio companies primarily own and operate renewable energy facilities such as wind farms and solar fields, energy storage, and electric transmission assets. These assets tend to generate stable cash flow streams derived from long-term contracts with governments, utilities, and corporations.

ETFs related toRNWZ

ETFs correlated to RNWZ include FAN, CGW, GLOV

RNWZ
Listed Funds Trust - TrueShares Eagle Global Renewable Energy Income ETF
FAN
First Trust Exchange-Traded Fund III - First Trust Global Wind Energy ETF
CGW
Invesco Capital Management LLC - Invesco S&P Global Water Index ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
NFRA
FlexShares Trust - FlexShares STOXX Global Broad Infrastructure Index Fund
TOLZ
ProShares Trust - ProShares DJ Brookfield Global Infrastructure ETF
GII
SSgA Active Trust - SPDR S&P Global Infrastructure ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
PID
Invesco Capital Management LLC - Invesco International Dividend Achievers ETF
FDVV
Fidelity Covington Trust - Fidelity High Dividend ETF
EQL
ALPS Fund Services - ALPS Equal Sector Weight 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

RNWZ is a Global Equities ETF. TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is an actively-managed ETF designed to offer investors core renewables exposure and income by investing in renewables infrastructure companies that are providing value through accelerating the global transition to clean energy. Target portfolio companies primarily own and operate renewable energy facilities such as wind farms and solar fields, energy storage, and electric transmission assets. These assets tend to generate stable cash flow streams derived from long-term contracts with governments, utilities, and corporations.

Yes, RNWZ 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, RNWZ 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 RNWZ is 0.0532%. This is the percent change in the value of RNWZ over the most recent 1-month period. The 3-month return on RNWZ is -0.004%. This is the percent change in the value of RNWZ over the most recent 3-month period.

ETFs similar to RNWZ include IGF, PBW, and EFG.

ETFs correlated to RNWZ include FAN, CGW, and GLOV.

ETFs that are inversely correlated to RNWZ include SH, SPDN, 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.

**

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.