RNEW
VanEck Green Infrastructure ETF
RNEW is passively managed to provide exposure to a narrow basket of US stocks that are focused on seven sub-themes tied to sustainable infrastructure trends. Holdings are selected and weighted based on modified market capitalization.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.9 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
Fund sponsor | VanEck |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Oct 18, 2022 |
Assets (mns) | $2 |
Expense ratio | 45 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 | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
TESLA MOTORS INC | 7.2 % |
CHENIERE ENERGY INC | 5.5 % |
CLEAN HARBORS INC | 5.3 % |
QUANTA SERVICES INC | 5.3 % |
REPUBLIC SERVICES INC | 5.2 % |
ECOLAB INC | 5.2 % |
WASTE MANAGEMENT INC | 5.0 % |
RIVIAN AUTOMOTIVE INC-A | 4.8 % |
DONALDSON CO INC | 4.5 % |
BORGWARNER INC | 4.2 % |
Constituent Breakdown
Number of holdings | 46 |
Herfindahl-Hirschman Index | 400 |
Wgt avg mkt cap (mns) | $85,220 |
Large cap (>$10bn) | 56.6% |
Mid cap ($2-10bn) | 33.6% |
Small cap (<$2bn) | 9.8% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 97.2 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -0.3% | 4.0% | -- | -- | -- | -- | -6.1% | Volatility | 21.8% | 22.7% | -- | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.56 | 64% |
MSCI EAFE | 1.49 | 62% |
MSCI Emg Mkts | 1.52 | 65% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.18% |
ADV of underlying (mns) | $24,484 |
Technical Indicators
Recent close | $24.73 |
30d moving avg. | $24.93 |
Annualized volatility | 27.0% |
Relative strength (RSI) | 60 |
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. RNEW |
Expenses vs. RNEW |
ALTAR Score™ vs. RNEW |
---|---|---|---|---|
QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 38.5% | +13 bp | -1.4% |
ACES | ALPS Clean Energy ETF | 35.8% | +10 bp | -2.5% |
EVX | VanEck Environmental Services ETF | 30.1% | +10 bp | +5.5% |
CCSO | Carbon Collective Climate Solutions US Equity ETF | 26.5% | -10 bp | +3.5% |
PBW | Invesco WilderHill Clean Energy ETF | 20.5% | +21 bp | -10.8% |
ERTH | Invesco MSCI Sustainable Future ETF | 19.4% | +17 bp | +5.0% |
SMOG | VanEck Low Carbon Energy ETF | 18.7% | +16 bp | +3.7% |
NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 17.7% | +10 bp | +4.6% |
ETEC | iShares Breakthrough Environmental Solutions ETF | 17.4% | +2 bp | +9.0% |
CNRG | SPDR S&P Kensho Clean Power ETF | 17.3% | 0 bp | +4.3% |
Risk and Returns: RNEW 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 10/8/2024
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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
RNEW
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™
RNEW
-1.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. RNEW's ALTAR Score™ is approximately
2.9 standard deviations
below
the category average. This places RNEW in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RNEWSELL
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 |
RNEW (45 bp) Percentile rank | 48 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
RNEW | 45.0 | 17.5 | 62.5 |
Peer Avg. | 44.8 | 16.9 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .