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ETFs

VanEck Green Metals ETF

GMET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 09 2021
Expense Ratio
0.63%
Type
Global Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$92,969
AUM
$24,800,000
Associated Index
MVIS Global Clean-Tech Metals Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GLEN
Glencore plc
8.56%
AAL
Anglo American plc
7.62%
FCX
Freeport-McMoRan Inc
7.60%
TECK
Teck Resources Ltd - Ordinary Shares - Class B (Sub Voting)
6.22%
GMEXICOB
Grupo Mexico S.A. - Ordinary Shares - Class B
5.34%
ALB
Albemarle Corp.
4.93%
FM
First Quantum Minerals Ltd.
3.18%
002466
Tianqi Lithium Corporation - Ordinary Shares - Class A
2.94%
BOL
Boliden AB
2.56%
002460
Ganfeng Lithium Group Co. Ltd. - Ordinary Shares - Class A
2.51%
Invest with GMET

What is GMET?

VanEck Green Metals ETF (GMET) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Clean-Tech Metals Index (MVGMETTR), which is intended to track the performance of companies involved in the production, refining, processing and recycling of green metals. Green metals are metals used in the applications, products and processes that enable the energy transition from fossil fuels to cleaner energy sources and technologies.

ETFs related toGMET

ETFs correlated to GMET include COPX, PICK, GNR

GMET
VanEck ETF Trust - VanEck Green Metals ETF
COPX
Global X Funds - Global X Copper Miners ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
FYLD
Cambria Investment Management LP - Cambria Foreign Shareholder Yield ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
GCOW
Pacer Funds Trust - Pacer Global Cash Cows Dividend 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 toGMET

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with GMET using Composer

News Related to GMET

Riding The Wave: Freeport-McMoRan Receives Upgrade As Analyst Foresees Copper And Gold Boom

Apr 9, 2024 • by Lekha Gupta
Riding The Wave: Freeport-McMoRan Receives Upgrade As Analyst Foresees Copper And Gold Boom
Read

VanEck Debuts ETF Focused On Clean Tech Green Metals

Nov 11, 2021 • by Phil Hall
VanEck Debuts ETF Focused On Clean Tech Green Metals
Read

FAQ

GMET is a Global Equities ETF. VanEck Green Metals ETF (GMET) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Clean-Tech Metals Index (MVGMETTR), which is intended to track the performance of companies involved in the production, refining, processing and recycling of green metals. Green metals are metals used in the applications, products and processes that enable the energy transition from fossil fuels to cleaner energy sources and technologies.

GMET tracks the MVIS Global Clean-Tech Metals Index.

No, GMET 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, GMET 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 GMET is -0.0207%. This is the percent change in the value of GMET over the most recent 1-month period. The 3-month return on GMET is -0.0807%. This is the percent change in the value of GMET over the most recent 3-month period.

The standard deviation of GMET for the past year is 0.3129%. 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 GMET include PBW, IGF, and ARKK.

ETFs correlated to GMET include COPX, PICK, and GNR.

ETFs that are inversely correlated to GMET include EDZ, EFZ, and EPV.

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.