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ETFs

VanEck ETF Trust VanEck Green Infrastructure ETF

RNEW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 18 2022
Expense Ratio
0.45%
Type
US Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$48,978
AUM
$1,797,000
Associated Index
Indxx US Green Infrastructure-MCAP Weighted Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

RIVN
Rivian Automotive Inc - Ordinary Shares - Class A
7.78%
LNG
Cheniere Energy Inc.
5.77%
TSLA
Tesla Inc
5.53%
PWR
Quanta Services, Inc.
5.45%
RSG
Republic Services, Inc.
5.42%
ECL
Ecolab, Inc.
5.16%
WM
Waste Management, Inc.
5.11%
FSLR
First Solar Inc
4.48%
BWA
BorgWarner Inc
4.31%
LCID
Lucid Group Inc
4.23%
Invest with RNEW

What is RNEW?

VanEck Green Infrastructure ETF seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Indxx US Green Infrastructure-MCAP Weighted Index (IUGIMWT), which is intended to track the performance of those companies that are involved in the production, transmission, or distribution of green energy and/or are engaged in business activities that seek to establish a sustainable infrastructure to facilitate the holistic use of green energy and positively impact the environment.

ETFs related toRNEW

ETFs correlated to RNEW include ACES, QCLN, CNRG

RNEW
VanEck ETF Trust - VanEck Green Infrastructure ETF
ACES
ALPS Fund Services - ALPS Clean Energy ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy 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 toRNEW

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with RNEW using Composer

FAQ

RNEW is a US Equities ETF. VanEck Green Infrastructure ETF seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Indxx US Green Infrastructure-MCAP Weighted Index (IUGIMWT), which is intended to track the performance of those companies that are involved in the production, transmission, or distribution of green energy and/or are engaged in business activities that seek to establish a sustainable infrastructure to facilitate the holistic use of green energy and positively impact the environment.

RNEW tracks the Indxx US Green Infrastructure-MCAP Weighted Index.

No, RNEW 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, RNEW 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 RNEW is -0.0077%. This is the percent change in the value of RNEW over the most recent 1-month period. The 3-month return on RNEW is -0.0204%. This is the percent change in the value of RNEW over the most recent 3-month period.

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

ETFs correlated to RNEW include ACES, QCLN, and CNRG.

ETFs that are inversely correlated to RNEW include RWM, TZA, 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.