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ETFs

SoFi Smart Energy ETF

ENRG
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jul 20 2021
Expense Ratio
0.59%
Type
Global Equities
Fund Owner
Sofi
Volume (1m avg. daily)
$12,239
AUM
$1,779,736
Associated Index
iClima Distributed Renewable Energy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

6508
Meidensha Corporation
2.74%
ETN
Eaton Corporation plc
2.66%
PRY
Prysmian S.p.A
2.65%
TSLA
Tesla Inc
2.63%
MYRG
MYR Group Inc
2.56%
TRMB
Trimble Inc
2.54%
PWR
Quanta Services, Inc.
2.53%
SU
Schneider Electric SE
2.53%
1211
BYD Co - Ordinary Shares - Class H
2.50%
VMI
Valmont Industries, Inc.
2.50%
Invest with ENRG

What is ENRG?

The SoFi Smart Energy ETF (ENRG) seeks to track the performance, before fees and expenses, of the iClima Distributed Renewable Energy Index. SoFi's Smart Energy ETF will invest all, or substantially all, of its assets in the component securities that make up the Index. The Index is comprised of equity securities of publicly traded, large-, mid-, and small-cap U.S. and non U.S. companies in developed and emerging markets that are Distributed Energy Companies as defined by the Index.

ETFs related toENRG

ETFs correlated to ENRG include PBW, QCLN, ACES

ENRG
Tidal ETF Trust - SoFi Smart Energy 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
ACES
ALPS Fund Services - ALPS Clean Energy ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
GRID
First Trust Exchange-Traded Fund III - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles 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 toENRG

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with ENRG using Composer

FAQ

ENRG is a Global Equities ETF. The SoFi Smart Energy ETF (ENRG) seeks to track the performance, before fees and expenses, of the iClima Distributed Renewable Energy Index. SoFi's Smart Energy ETF will invest all, or substantially all, of its assets in the component securities that make up the Index. The Index is comprised of equity securities of publicly traded, large-, mid-, and small-cap U.S. and non U.S. companies in developed and emerging markets that are Distributed Energy Companies as defined by the Index.

ENRG tracks the iClima Distributed Renewable Energy Index.

No, ENRG 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, ENRG 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 ENRG is -0.0722%. This is the percent change in the value of ENRG over the most recent 1-month period. The 3-month return on ENRG is -0.166%. This is the percent change in the value of ENRG over the most recent 3-month period.

The standard deviation of ENRG for the past year is 0.2968%. 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 ENRG include IGF, ARKK, and EFG.

ETFs correlated to ENRG include PBW, QCLN, and ACES.

ETFs that are inversely correlated to ENRG include HIBS, RWM, and SRTY.

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.