RNRG
Global X Renewable Energy Producers ETF
The Global X YieldCo & Renewable Energy Income ETF seeks to provide investors with exposure to an emerging class of income-generating renewable energy assets called YieldCos.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
37.3 M
ASSETS UNDER MGMT
66 bp
EXPENSES
Fund Basics
Fund sponsor | Global X Management Co LLC |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | May 27, 2015 |
Assets (mns) | $37 |
Expense ratio | 66 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
DONG ENERGY A/S | 6.2 % |
EDP RENOVAVEIS SA | 6.2 % |
CENTRAIS ELETRICAS BRASILIER | 6.1 % |
VERBUND AG | 5.5 % |
MERIDIAN ENERGY LTD | 5.2 % |
BARITO RENEWABLE | 5.0 % |
BROOKFIELD RENEWABLE PARTNERS LP | 4.7 % |
NEOEN S.A. | 4.4 % |
ENGIE BRASIL ENERGIA S.A. | 4.0 % |
MIGHTY RIVER POWER | 4.0 % |
Constituent Breakdown
Number of holdings | 42 |
Herfindahl-Hirschman Index | 357 |
Wgt avg mkt cap (mns) | $8,392 |
Large cap (>$10bn) | 25.8% |
Mid cap ($2-10bn) | 61.5% |
Small cap (<$2bn) | 11.8% |
Developed mkts. | 77.5% |
Emerging mkts. | 22.5% |
Country Exposure
NEW ZEALAND | 12.8 % | |
BRAZIL | 11.7 % | |
UNITED STATES | 11.0 % | |
SPAIN | 7.8 % | |
DENMARK | 6.6 % | |
CANADA | 6.6 % | |
AUSTRIA | 5.8 % | |
INDONESIA | 5.3 % | |
BERMUDA | 5.0 % | |
FRANCE | 4.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -6.7% | 6.0% | -8.6% | -11.5% | -3.7% | -- | -1.0% | Volatility | 19.3% | 20.8% | 21.0% | 21.0% | 23.0% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.96 | 51% |
MSCI EAFE | 1.04 | 59% |
MSCI Emg Mkts | 0.85 | 38% |
Liquidity Measures
Avg. volume (000) | 7 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.68% |
ADV of underlying (mns) | $538 |
Technical Indicators
Recent close | $10.32 |
30d moving avg. | $10.60 |
Annualized volatility | 23.9% |
Relative strength (RSI) | 55 |
Short interest (ETF) | 0.1% |
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. RNRG |
Expenses vs. RNRG |
ALTAR Score™ vs. RNRG |
---|---|---|---|---|
FRNW | Fidelity Clean Energy ETF | 38.2% | -27 bp | -2.6% |
FAN | First Trust Global Wind Energy ETF | 29.3% | -6 bp | 0.0% |
ACES | ALPS Clean Energy ETF | 21.2% | -11 bp | -8.9% |
ICLN | iShares Global Clean Energy ETF | 20.4% | -25 bp | 0.0% |
RNWZ | TrueShares Eagle Global Renewable Energy Income ETF | 18.4% | +9 bp | +2.6% |
TAN | Invesco Solar ETF | 18.4% | +1 bp | +4.0% |
WNDY | Global X Wind Energy ETF | 17.8% | -16 bp | +0.3% |
PBD | Invesco Global Clean Energy ETF | 15.9% | +9 bp | -9.4% |
SMOG | VanEck Low Carbon Energy ETF | 12.7% | -5 bp | -2.8% |
Risk and Returns: RNRG 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 10/4/2024
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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
RNRG
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
RNRG
4.9%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 362 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. RNRG's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places RNRG in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RNRGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based Global Equity ETFs |
# of ETFs | 191 |
Avg. Expense Ratio | 55.4 bp |
Std. Deviation | 17.5 bp |
RNRG (66 bp) Percentile rank | 73 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
RNRG | 66.0 | 68.1 | 134.1 |
Peer Avg. | 56.5 | 39.6 | 96.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .