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ETFs

ProShares S&P Kensho Cleantech ETF

CTEX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 29 2021
Expense Ratio
0.58%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$16,926
AUM
$5,108,040
Associated Index
S&P Kensho Cleantech Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TSLA
Tesla Inc
5.30%
GE
General Electric Co.
4.18%
ACA
Arcosa Inc
4.16%
CMI
Cummins Inc.
4.15%
NXT
Nextracker Inc - Ordinary Shares - Class A
4.08%
EOSE
Eos Energy Enterprises Inc - Ordinary Shares - Class A
4.00%
ARRY
Array Technologies Inc
4.00%
ADT
ADT Inc
3.86%
BE
Bloom Energy Corp - Ordinary Shares - Class A
3.79%
PLUG
Plug Power Inc
3.74%
Invest with CTEX

What is CTEX?

ProShares S&P Kensho Cleantech ETF seeks investment results, before fees and expenses, that track the performance of the S&P Kensho Cleantech Index. ProShares S&P Kensho Cleantech ETF invests in companies involved in developing and building the green technologies that could power the future in areas like hydro, solar, wind, and geothermal.

ETFs related toCTEX

ETFs correlated to CTEX include CNRG, ACES, TAN

CTEX
ProShares Trust - ProShares S&P Kensho Cleantech ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
ACES
ALPS Fund Services - ALPS Clean Energy ETF
TAN
Invesco Capital Management LLC - Invesco Solar ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index 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 toCTEX

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with CTEX using Composer

FAQ

CTEX is a Global Equities ETF. ProShares S&P Kensho Cleantech ETF seeks investment results, before fees and expenses, that track the performance of the S&P Kensho Cleantech Index. ProShares S&P Kensho Cleantech ETF invests in companies involved in developing and building the green technologies that could power the future in areas like hydro, solar, wind, and geothermal.

CTEX tracks the S&P Kensho Cleantech Index.

No, CTEX 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, CTEX 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 CTEX is -0.0603%. This is the percent change in the value of CTEX over the most recent 1-month period. The 3-month return on CTEX is -0.2056%. This is the percent change in the value of CTEX over the most recent 3-month period.

The standard deviation of CTEX for the past year is 0.3713%. 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 CTEX include IGF, EFAV, and ARKK.

ETFs correlated to CTEX include CNRG, ACES, and TAN.

ETFs that are inversely correlated to CTEX include RWM, 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.