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ETFs

Veridien Climate Action ETF

CLIA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 08 2023
Expense Ratio
0.85%
Type
US Equities
Fund Owner
Veridien
Volume (1m avg. daily)
$91,998
AUM
$13,155,749
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Other Holdings
63.35%
AES
AES Corp.
4.50%
CEG
Constellation Energy Corporation
4.25%
ENPH
Enphase Energy Inc
4.10%
TSLA
Tesla Inc
4.00%
BEP
Brookfield Renewable Partners LP - Unit
3.75%
ON
ON Semiconductor Corp.
3.50%
ETN
Eaton Corporation plc
3.25%
OC
Owens Corning
3.20%
FLR
Fluor Corporation
3.10%
Invest with CLIA

What is CLIA?

The Veridien Climate Action ETF seeks long-term growth of capital by investing in public companies with technologies and business models that contribute to climate change mitigation. The Fund seeks to achieve its investment objective by investing in equity securities of U.S. and foreign companies, whose activities, business models or products make a substantial contribution to mitigating climate change. The Fund may invest in equity securities (including ADRs) only if they are listed on U.S. exchanges.

ETFs related toCLIA

ETFs correlated to CLIA include CNRG, QCLN, XAUG

CLIA
Tidal Trust II - Veridien Climate Action ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
ACES
ALPS Fund Services - ALPS Clean Energy ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
TAN
Invesco Capital Management LLC - Invesco Solar 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 toCLIA

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with CLIA using Composer

FAQ

CLIA is a US Equities ETF. The Veridien Climate Action ETF seeks long-term growth of capital by investing in public companies with technologies and business models that contribute to climate change mitigation. The Fund seeks to achieve its investment objective by investing in equity securities of U.S. and foreign companies, whose activities, business models or products make a substantial contribution to mitigating climate change. The Fund may invest in equity securities (including ADRs) only if they are listed on U.S. exchanges.

Yes, CLIA 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, CLIA 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 CLIA is -0.01%. This is the percent change in the value of CLIA over the most recent 1-month period. The 3-month return on CLIA is -0.0789%. This is the percent change in the value of CLIA over the most recent 3-month period.

ETFs similar to CLIA include SPHQ, DSI, and QUAL.

ETFs correlated to CLIA include CNRG, QCLN, and XAUG.

ETFs that are inversely correlated to CLIA include TZA, TWM, 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.