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ETFs

SmartETFs Sustainable Energy II ETF

SOLR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 11 2020
Expense Ratio
0.79%
Type
Global Equities
Fund Owner
SmartETFs
Volume (1m avg. daily)
$8,794
AUM
$5,467,811
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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SCHNEIDER ELECTRIC SE
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CSIQ
Canadian Solar Inc
4.33%
ETN
Eaton Corporation plc
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n/a
CASH
4.16%
NEE
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3.90%
Invest with SOLR

What is SOLR?

SOLR invests, under normal conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in publicly-traded equity securities of sustainable energy companies (both U.S. and non-U.S.). The Fund will invest in companies that the Adviser considers to be Sustainable Energy companies, which are companies that, in the Adviser s view, generate, produce or provide alternative or renewable sources of energy (as compared to more traditional sources of energy that can be environmentally depletive, such as fossil fuels like oil or coal or other hydrocarbon-based fuels), or that produce, generate, transport, or deliver energy or energy applications in a way that makes alternative or renewable energy more efficient or accessible or reduces the use of environmentally depletive energy resources. The Fund expects to invest in: energy companies that generate power through solar, wind, hydroelectric, tidal wave, geothermal, biomass or biofuels; companies that provide the equipment and technologies that enable these types of energy to be tapped, used, stored or transported, and companies that create, facilitate or improve technologies that conserve or enable more efficient use of energy. SOLR is actively managed.

ETFs related toSOLR

ETFs correlated to SOLR include GRID, ERTH, QCLN

SOLR
Guinness Atkinson Funds - SmartETFs Sustainable Energy II ETF
GRID
First Trust Exchange-Traded Fund III - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
EXI
BlackRock Institutional Trust Company N.A. - iShares Global Industrials 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
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
BIBL
Northern Lights Fund Trust IV - Inspire 100 ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth 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

SOLR is a Global Equities ETF. SOLR invests, under normal conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in publicly-traded equity securities of sustainable energy companies (both U.S. and non-U.S.). The Fund will invest in companies that the Adviser considers to be Sustainable Energy companies, which are companies that, in the Adviser s view, generate, produce or provide alternative or renewable sources of energy (as compared to more traditional sources of energy that can be environmentally depletive, such as fossil fuels like oil or coal or other hydrocarbon-based fuels), or that produce, generate, transport, or deliver energy or energy applications in a way that makes alternative or renewable energy more efficient or accessible or reduces the use of environmentally depletive energy resources. The Fund expects to invest in: energy companies that generate power through solar, wind, hydroelectric, tidal wave, geothermal, biomass or biofuels; companies that provide the equipment and technologies that enable these types of energy to be tapped, used, stored or transported, and companies that create, facilitate or improve technologies that conserve or enable more efficient use of energy. SOLR is actively managed.

Yes, SOLR 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, SOLR 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 SOLR is %. This is the percent change in the value of SOLR over the most recent 1-month period. The 3-month return on SOLR is -0.028%. This is the percent change in the value of SOLR over the most recent 3-month period.

The standard deviation of SOLR for the past year is 0.2595%. 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 SOLR include IGF, EFG, and PBW.

ETFs correlated to SOLR include GRID, ERTH, and QCLN.

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

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.