Equity:Global Renewable Energy
With 10 ETFs and over $2.88B in combined AUM, the Equity:Global Renewable Energy segment provides exposure to the space with a focus on Theme securities.
Year-to-date, the best-performing ETF in the segment is the First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), with a total return of 38.25%. Meanwhile, the most popular ETF is the iShares Global Clean Energy ETF (ICLN) with $807.88MB in assets under management.
Investors should take a look at the (). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. has an expense ratio of -- and tracks the .
ETF.com Efficiency Insight
The average efficiency score in the Equity:Global Renewable Energy segment is 79 out of 100, with the First Trust NASDAQ Clean Edge Green Energy Index Fund(QCLN) obtaining the highest rating of 88 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.62% per year, with the SPDR S&P Kensho Clean Power ETF (CNRG) having the lowest expense ratio, charging investors 0.45% yearly.
Investors should look for funds with tight tracking, such as the First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), with a 12-month median tracking difference of 0.03%.
ETF.com Tradability Insight
The average tradability score in the Equity:Global Renewable Energy segment is 70 out of 100, with the First Trust NASDAQ Clean Edge Green Energy Index Fund(QCLN) obtaining the highest rating of 94 out of 100.
The Invesco Solar ETF (TAN) is the undisputed segment leader when it comes to liquidity. The fund trades 11.61M in daily average volume. Investors should also find ample liquidity in the iShares Global Clean Energy ETF (ICLN), with $7.39M in daily dollar volume.
Use limit orders to trade funds such as the Global X YieldCo & Renewable Energy Income ETF(YLCO), due to their double-digit market spreads.
ETF.com Fit Insight
The Thomson Reuters Global Renewable Energy has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to TAN. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, YLCO follows a Vanilla strategy and obtains a low Fit score compared with our neutral benchmark.