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ETFs

VanEck Low Carbon Energy ETF

SMOG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 03 2007
Expense Ratio
0.55%
Type
Global Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$270,160
AUM
$197,145,314
Associated Index
MVIS Global Low Carbon Energy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TSLA
Tesla Inc
9.05%
IBE
IBERDROLA SA
7.68%
NEE
NextEra Energy Inc
7.65%
ENEL
ENEL SPA
7.16%
VWS
VESTAS WIND SYSTEMS A/S
5.46%
006400
Samsung SDI Co. Ltd.
5.29%
ENPH
Enphase Energy Inc
4.07%
1211
BYD Co - Ordinary Shares - Class H
3.76%
FSLR
First Solar Inc
3.38%
ORSTED
ORSTED A/S
3.13%
Invest with SMOG

What is SMOG?

VanEck Low Carbon Energy ETF (SMOG) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Low Carbon Energy Index (MVSMOGTR). The index is a rules based index intended to track the overall performance of renewable energy companies which may include, but is not limited to: wind, solar, hydro, hydrogen, bio-fuel or geothermal technology, lithium-ion batteries, electric vehicles and related equipment, waste-to-energy production, smart grid technologies, or building or industrial materials that reduce carbon emissions or energy consumption.

ETFs related toSMOG

ETFs correlated to SMOG include QCLN, ACES, ICLN

SMOG
VanEck ETF Trust - VanEck Low Carbon Energy ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
ACES
ALPS Fund Services - ALPS Clean Energy ETF
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
GRID
First Trust Exchange-Traded Fund III - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
RXI
BlackRock Institutional Trust Company N.A. - iShares Global Consumer Discretionary ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power 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

SMOG is a Global Equities ETF. VanEck Low Carbon Energy ETF (SMOG) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Low Carbon Energy Index (MVSMOGTR). The index is a rules based index intended to track the overall performance of renewable energy companies which may include, but is not limited to: wind, solar, hydro, hydrogen, bio-fuel or geothermal technology, lithium-ion batteries, electric vehicles and related equipment, waste-to-energy production, smart grid technologies, or building or industrial materials that reduce carbon emissions or energy consumption.

SMOG tracks the MVIS Global Low Carbon Energy Index.

No, SMOG 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, SMOG 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 SMOG is -0.0978%. This is the percent change in the value of SMOG over the most recent 1-month period. The 3-month return on SMOG is -0.085%. This is the percent change in the value of SMOG over the most recent 3-month period.

The standard deviation of SMOG for the past year is 0.3095%. 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 SMOG include ARKK, EFV, and EEMV.

ETFs correlated to SMOG include QCLN, ACES, and ICLN.

ETFs that are inversely correlated to SMOG include HIBS, SRTY, and TZA.

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.