Equity: Global Renewable Energy
With 12 ETFs and over $12.86B in combined AUM, the Equity: Global Renewable Energy segment provides exposure to the Global space with a focus on Theme securities.
Year-to-date, the best-performing ETF in the segment is the SmartETFs Sustainable Energy II ETF (SULR), with a total return of 11.38%. Meanwhile, the most popular ETF is the iShares Global Clean Energy ETF (ICLN) with $6.45BB 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 71 out of 100, with the Invesco WilderHill Clean Energy ETF(PBW) obtaining the highest rating of 86 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.60% per year, with the Fidelity Clean Energy ETF (FRNW) having the lowest expense ratio, charging investors 0.39% yearly.
Investors should look for funds with tight tracking, such as the iShares Global Clean Energy ETF (ICLN), with a 12-month median tracking difference of -0.40%.
ETF.com Tradability Insight
The average tradability score in the Equity: Global Renewable Energy segment is 77 out of 100, with the iShares Global Clean Energy ETF(ICLN) 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 148.74M in daily average volume. Investors should also find ample liquidity in the iShares Global Clean Energy ETF (ICLN), with $111.51M in daily dollar volume.
Use limit orders to trade funds such as the Virtus Duff & Phelps Clean Energy ETF(VCLN), 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, RNRG follows a Vanilla strategy and obtains a low Fit score compared with our neutral benchmark.