ACES
ALPS Clean Energy ETF
ACES tracks an index of US- and Canada-listed companies in the clean energy industry.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
209.6 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
Fund sponsor | ALPS |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jun 27, 2018 |
Assets (mns) | $210 |
Expense ratio | 55 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
TESLA MOTORS INC | 7.4 % |
ARCADIUM LITHIUM PLC | 6.5 % |
ALBEMARLE CORP | 6.3 % |
ITRON INC | 6.2 % |
NEXTRACKER, INC. CLASS A | 5.6 % |
ORMAT TECHNOLOGIES INC | 5.5 % |
DARLING INTERNATIONAL INC | 5.3 % |
BROOKFIELD RENEWABLE PARTNERS LP | 5.3 % |
FIRST SOLAR INC | 4.5 % |
NORTHLAND POWER INC | 4.5 % |
Constituent Breakdown
Number of holdings | 37 |
Herfindahl-Hirschman Index | 428 |
Wgt avg mkt cap (mns) | $57,720 |
Large cap (>$10bn) | 21.5% |
Mid cap ($2-10bn) | 51.0% |
Small cap (<$2bn) | 27.5% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 85.6 % | |
CANADA | 9.0 % | |
BERMUDA | 5.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -21.3% | -3.8% | -27.3% | -28.4% | -1.0% | -- | 2.9% | Volatility | 34.0% | 37.0% | 35.3% | 38.8% | 39.8% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.46 | 42% |
MSCI EAFE | 1.30 | 34% |
MSCI Emg Mkts | 1.14 | 25% |
Liquidity Measures
Avg. volume (000) | 158 |
Turnover | 2.0% |
Avg. Bid/Ask (% of price) | 0.26% |
ADV of underlying (mns) | $16,913 |
Technical Indicators
Recent close | $27.08 |
30d moving avg. | $28.46 |
Annualized volatility | 39.4% |
Relative strength (RSI) | 47 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 7.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. ACES |
Expenses vs. ACES |
ALTAR Score™ vs. ACES |
---|---|---|---|---|
QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 49.8% | +3 bp | +1.4% |
RNEW | VanEck Green Infrastructure ETF | 32.9% | -10 bp | +2.9% |
PBW | Invesco WilderHill Clean Energy ETF | 30.2% | +11 bp | -9.3% |
FRNW | Fidelity Clean Energy ETF | 26.7% | -16 bp | +7.0% |
TAN | Invesco Solar ETF | 24.3% | +12 bp | +14.7% |
CNRG | SPDR S&P Kensho Clean Power ETF | 24.2% | -10 bp | +7.2% |
ERTH | Invesco MSCI Sustainable Future ETF | 22.0% | +7 bp | +7.9% |
RNRG | Global X Renewable Energy Producers ETF | 20.9% | +11 bp | +9.8% |
CTEC | Global X CleanTech ETF | 20.3% | -5 bp | +7.3% |
SMOG | VanEck Low Carbon Energy ETF | 19.8% | +6 bp | +6.7% |
Risk and Returns: ACES vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 11/13/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ACES
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
ACES
-4.3%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. ACES's ALTAR Score™ is approximately
4.0 standard deviations
below
the category average. This places ACES in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ACESSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
ACES (55 bp) Percentile rank | 61 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
ACES | 55.0 | 25.8 | 80.8 |
Peer Avg. | 46.8 | 16.9 | 63.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .