GEX Fund Description

The Market Vectors Global Alternative Energy ETF tracks a market-cap-weighted index of companies that derive at least 50% of their revenues from alternative energy.

GEX ETF.com Insight

GEX holds a wide spectrum of companies that earn at least 1/2 their revenues from the broader renewable energy industry, which includes solar, wind, biofuel and geothermal players, as welllooks very different from our neutral and narrow benchmark as companies focused on energy efficiency. Its broad portfolio looks very different from our neutral and narrow benchmark. For one, GEX heavily overweights the US, with names like Cree, Eaton, Tesla and First Solar dominating its top holdings. GEX is also far more sector-diverse, reaching well beyond the renewable energy equipment and services sector that our benchmark heavily favors. Poor Fit score aside, the fund is fairly cheap and highly efficient. Overall, GEX is a decent take on a segment where no fund Fits the benchmark well. (Insight updated 06/26/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 09/26/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

GEX
-6.30% -6.19% 9.12% 16.40% 20.98% -1.79% --

GEX (NAV)
-6.28% -6.24% 9.19% 16.42% 20.84% -1.85% --

Ardour Global Index
-6.40% -6.32% 9.34% 16.68% 18.04% -3.60% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GEX Top 10 Countries View All

GEX Top 10 Sectors

GEX Top 10 Holdings View All

GEX Summary Data

Van Eck

A company that produces and manages ETFs.

05/03/07

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.62%

The net total annual fee a fund holder pays to the issuer.

$102.73 M

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$711.2 K

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.17%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

GEX Portfolio Data

$11.53 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

143.51

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.54

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

0.91%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

12/29/14

The date on which a security's price excludes an upcoming dividend.

31

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

GEX Index Data

Ardour Global Index

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Market Cap

A set of rules that the underlying index provider follows to select its constituent securities.

Thomson Reuters Global
Renewable Energy

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to GEX

ICLN, QCLN, PBW, PBD, KWT

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

GEX ETF.com Efficiency Insight

GEX's 0.62% expense ratio is relatively cheap compared to some its peers, although there are cheaper options available. The fund tends to beat its underlying index, likely from its securities lending program. GEX has over 6 years of trading history and is well established with over $100M in AUM. So far, it has avoided making any capital gains payouts. Overall, GEX is highly efficient. (Insight updated 06/26/2014)


Total Return - 09/26/2014
  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 09/26/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

GEX
-6.30% -6.19% 9.12% 16.40% 20.98% -1.79% --

GEX (NAV)
-6.28% -6.24% 9.19% 16.42% 20.84% -1.85% --

Ardour Global Index
-6.40% -6.32% 9.34% 16.68% 18.04% -3.60% --

Thomson Reuters Global Renewable Energy
-- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GEX Portfolio Management

0.62%

The net annual fee a fund holder pays to the issuer.

0.11%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

3.24%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.70%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

GEX Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

GEX Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

100% / 0%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

GEX ETF.com Tradability Insight

With at least $500K changing hands on most days, GEX has decent liquidity, but investors should be mindful of its wider than expected average spreads. To avoid a bad fill, limit orders are a prudent trading practice here. GEX has great block liquidity, so larger investors should be able to get their orders executed at fair prices with the aid of a market maker. (Insight updated 06/26/2014)

Average Spread

Premium/Discount

Volume

GEX ETF.com/ Block LiquidityAs of 09/29/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of GEX. GEX is rated a 4 out of 5.

GEX Tradability

11,100

It is the daily number of shares traded, averaged over the past 45 trading days.

$711.2 K

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

5,550

Median number of shares traded over the past 45 trading days.

$341.11 K

Median dollar value of shares traded over the past 45 trading days.

0.17%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.11

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

-0.02%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

0.51% / -1.05%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

74.48%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

0.11

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.03%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.39%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

245

The total number of net outstanding options contracts for an ETF.

$61.04

The total market value of the assets that an ETF holds less fund expenses.

4

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

GEX ETF.com Fit Insight

GEX's broad portfolio of global alternative energy companies differs significantly from our benchmark, which predominantly consists of companies from the renewable energy equipment and services sector—GEX only allocates a minority of its portfolio to this sector, so it casts a much wider net. The fund also heavily overweights the US and underweights Asia-Pacific as a region. Overall, it's simply a different take on the alternative energy space but certainly a valid one. (Insight updated 06/26/2014)

GEX Geographic ExposureView All

GEX Segment Benchmark
32.76% 65.79%
25.96% 7.58%
5.27% 6.18%
-- 4.30%
17.05% 4.10%
0.72% 2.86%
7.16% 2.72%
-- 2.68%
-- 1.59%
11.07% 2.18%

GEX Segment Benchmark
32.76% 65.79%
35.23% 18.38%
32.01% 13.14%
-- 2.68%
92.18% / 7.82% 91.14% / 8.86%

GEX Performance Statistics

0.61

The degree to which the fund and its segment benchmark move up and down in unison.

0.59

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

0.44

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.74

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.02%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

Thomson Reuters Global
Renewable Energy

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

GEX Benchmark Comparison

GEX
31 Holdings
Segment Benchmark
29 Constituents
Shared Holdings
7 (Count)
 
26.89% (Weight)
GEXSegment Benchmark
$5.65 B$11.53 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

0%26%
81%55%
12%18%
7%0%
-3,387.36143.51

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.572.54

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

0.02%0.56%

The weighted average of the current yield on the portfolio’s holdings.

2931

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

HighHigh

The level of return contribution attributable to the average portfolio constituent.