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ETFs

IQ Cleaner Transport ETF

CLNR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 21 2021
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$69,932
AUM
$5,863,341
Associated Index
IQ Cleaner Transport Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with CLNR

What is CLNR?

The CLNR IQ Cleaner Transport ETF tracks the IQ Cleaner Transport Index, which is designed to deliver exposure to global companies that support the transition to more sustainable and efficient modes of transportation, which includes supporting technology and infrastructure.

ETFs related toCLNR

ETFs correlated to CLNR include SPGM, DRIV, CRBN

CLNR
IndexIQ ETF Trust - IQ Cleaner Transport ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
ROBO
Exchange Traded Concepts Trust - ROBO Global Robotics and Automation Index ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity 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

CLNR is a Global Equities ETF. The CLNR IQ Cleaner Transport ETF tracks the IQ Cleaner Transport Index, which is designed to deliver exposure to global companies that support the transition to more sustainable and efficient modes of transportation, which includes supporting technology and infrastructure.

CLNR tracks the IQ Cleaner Transport Index.

No, CLNR 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, CLNR 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 CLNR is -0.012%. This is the percent change in the value of CLNR over the most recent 1-month period. The 3-month return on CLNR is -0.041%. This is the percent change in the value of CLNR over the most recent 3-month period.

The standard deviation of CLNR for the past year is 0.2183%. 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 CLNR include PBW, IGF, and ARKK.

ETFs correlated to CLNR include SPGM, DRIV, and CRBN.

ETFs that are inversely correlated to CLNR include HIBS, SDS, and SPXS.

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.