CLNR
IQ Cleaner Transport ETF
CLNR is a passively managed fund that invests in companies that support the transition to more sustainable and efficient transportation technologies. Holdings are selected through geographic and ESG screens, and weighted using market-cap.
Fund Basics
| Fund sponsor | New York Life |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 21, 2021 |
| Assets (mns) | $6 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ADVANCED MICRO DEVICES | 4.6 % |
| EVERGREEN MARINE | 4.0 % |
| TOYOTA MOTOR CORP | 3.6 % |
| DAIMLER AG-REGISTERED SHARES | 3.5 % |
| SCHNEIDER ELECTRIC SA | 3.4 % |
| HITACHI LTD | 3.4 % |
| ABB LTD. | 3.3 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 3.3 % |
| SIEMENS AG-REG | 3.3 % |
| NXP SEMICONDUCTORS NV | 3.2 % |
Constituent Breakdown
| Number of holdings | 81 |
| Herfindahl-Hirschman Index | 239 |
| Wgt avg mkt cap (mns) | $240,700 |
| Large cap (>$10bn) | 92.5% |
| Mid cap ($2-10bn) | 6.2% |
| Small cap (<$2bn) | 1.4% |
| Developed mkts. | 85.7% |
| Emerging mkts. | 14.3% |
Country Exposure
 |
UNITED STATES | 29.2 % |
 |
JAPAN | 15.6 % |
 |
GERMANY | 15.6 % |
 |
TAIWAN | 7.8 % |
 |
CHINA | 5.9 % |
 |
FRANCE | 5.2 % |
 |
SWITZERLAND | 5.2 % |
 |
NETHERLANDS | 3.2 % |
 |
SPAIN | 2.9 % |
 |
BRITAIN | 2.3 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.1% | 10.5% | 2.4% | -- | -- | -- | -2.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.31 | 87% |
| MSCI EAFE | 1.34 | 85% |
| MSCI Emg Mkts | 1.16 | 68% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.26% |
| ADV of underlying (mns) | $49,525 |
Technical Indicators
| Recent close | $22.12 |
| 30d moving avg. | $21.35 |
| Annualized volatility | 27.2% |
| Relative strength (RSI) | 73 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
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. CLNR |
Expenses vs. CLNR |
ALTAR Score™ vs. CLNR |
|---|---|---|---|---|
| OCEN | IQ Clean Oceans ETF | 37.4% | 0 bp | -2.9% |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 30.3% | +25 bp | -4.8% |
| DRIV | Global X Autonomous & Electric Vehicles ETF | 28.7% | +23 bp | -5.0% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 27.9% | 0 bp | -1.9% |
| TEMP | JPMorgan Climate Change Solutions ETF | 20.8% | +4 bp | -3.6% |
| IDRV | iShares Self-driving EV & Tech ETF | 20.3% | +2 bp | -8.8% |
| WRND | IQ Global Equity R&D Leaders ETF | 19.9% | -27 bp | -1.1% |
| BNE | Blue Horizon BNE ETF | 19.4% | +42 bp | -3.3% |
| GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure | 18.8% | +13 bp | -3.7% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 18.7% | +23 bp | -1.6% |
Risk and Returns: CLNR 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 4/18/2024
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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
CLNR
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CLNR
8.3%
Cat. Avg
3.7%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.3% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 348 funds in the Global Equities category, with an average ALTAR Score™
of 3.7% and a standard deviation of
5.0%. CLNR's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places CLNR in the 82nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CLNR
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
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| Volume | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CLNR | 45.0 | 25.6 | 70.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .