SOLR
Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund
SOLR is an actively-managed ETF of global stocks focused on alternative or renewable energy, held on approximately an equal-weighted basis.
Global
EQUITY
Active
MANAGEMENT STYLE
4.1 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Guinness Atkinson Asset Management |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 11, 2020 |
| Assets (mns) | $4 |
| Expense ratio | 79 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TRANE TECHNOLOGIES PLC | 8.3 % |
| EATON CORP PLC | 7.2 % |
| LEGRAND SA | 6.1 % |
| IBERDROLA SA | 6.0 % |
| SCHNEIDER ELECTRIC SA | 5.9 % |
| ITRON INC | 5.7 % |
| HUBBELL INCORPORATED CLASS B | 5.5 % |
| FIRST SOLAR INC | 3.9 % |
| INFINEON TECHNOLOGIES AG | 3.8 % |
| NEXTERA ENERGY GROUP | 3.8 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 406 |
| Wgt avg mkt cap (mns) | $52,963 |
| Large cap (>$10bn) | 60.8% |
| Mid cap ($2-10bn) | 20.9% |
| Small cap (<$2bn) | 6.0% |
| Developed mkts. | 80.5% |
| Emerging mkts. | 7.2% |
Country Exposure
 |
UNITED STATES | 30.9 % |
 |
IRELAND | 18.4 % |
 |
FRANCE | 12.0 % |
 |
SPAIN | 6.0 % |
 |
CHINA | 4.6 % |
 |
DENMARK | 3.8 % |
 |
GERMANY | 3.8 % |
 |
BRITAIN | 3.2 % |
 |
SOUTH KOREA | 2.6 % |
 |
SWEDEN | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 29.8% | 15.9% | 17.0% | 5.1% | -- | -- | -- | 4.8% |
| Dividend Yield | 0.0% | 1.0% | 0.8% | 0.9% | -- | -- | -- | 1.1% |
| Total Returns | 29.8% | 17.0% | 17.8% | 6.0% | -- | -- | -- | 5.8% | Ann. Volatility | 22.6% | 21.7% | 21.0% | 21.1% | -- | -- | -- | 22.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.35 | 56% |
| MSCI EAFE | 1.08 | 47% |
| MSCI Emg Mkts | 0.90 | 38% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.32% |
Technical Indicators
| 30d moving avg. (EMA) | $31.05 |
| Relative strength (RSI) | 45 |
| MACD/Signal | -0.35/-0.07 |
| Bollinger Bands (Upper/Lower) | $33.06/$29.68 |
| Short interest (% of AUM) | 1.2% |
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. SOLR |
Expenses vs. SOLR |
ALTAR Score™ vs. SOLR |
|---|---|---|---|---|
| GSFP | Goldman Sachs Future Planet Equity ETF | 27.6% | -4 bp | +4.2% |
| SMOG | VanEck Low Carbon Energy ETF | 23.1% | -18 bp | +1.6% |
| OCEN | IQ Clean Oceans ETF | 21.5% | -34 bp | +5.1% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 21.4% | -11 bp | +6.6% |
| GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure | 20.2% | -21 bp | +4.4% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 20.1% | -20 bp | +3.9% |
| CLNR | IQ Cleaner Transport ETF | 20.0% | -34 bp | +5.0% |
| FRNW | Fidelity Clean Energy ETF | 19.6% | -40 bp | +2.3% |
| ICLN | iShares Global Clean Energy ETF | 19.3% | -38 bp | +3.2% |
| VOLT | Tema Electrification ETF | 19.0% | -4 bp | +3.5% |
Risk and Returns: SOLR 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 11/28/2025
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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
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™
SOLR
5.0%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 378 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.1%. SOLR's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places SOLR in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SOLRSELL
U/W
HOLD
O/W
BUY