BNE
Blue Horizon BNE ETF
BNE tracks an equal-weighted index of global stocks that are perceived to benefit from a New Energy Economy.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
3.9 M
ASSETS UNDER MGMT
87 bp
EXPENSES
Fund Basics
Fund sponsor | Exchange Traded Concepts |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Dec 08, 2020 |
Assets (mns) | $4 |
Expense ratio | 87 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Exchange-Traded Commodity |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Fundamental |
Weighting | Equal |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
SIEMENS ENERGY AG | 2.1 % |
BYD CO LTD-H | 1.7 % |
PRYSMIAN SPA | 1.4 % |
CARRIER GLOBAL CORP. | 1.4 % |
ITRON INC | 1.4 % |
DAIKIN INDUSTRIES LTD | 1.3 % |
TRANE TECHNOLOGIES PLC | 1.3 % |
WARTSILA OYJ | 1.3 % |
WEG SA | 1.3 % |
FLUENCE ENERGY INC CLASS A | 1.3 % |
Constituent Breakdown
Number of holdings | 105 |
Herfindahl-Hirschman Index | 106 |
Wgt avg mkt cap (mns) | $58,178 |
Large cap (>$10bn) | 72.7% |
Mid cap ($2-10bn) | 19.1% |
Small cap (<$2bn) | 6.6% |
Developed mkts. | 85.5% |
Emerging mkts. | 14.5% |
Country Exposure
UNITED STATES | 43.4 % | |
SOUTH KOREA | 7.2 % | |
GERMANY | 6.8 % | |
CANADA | 5.9 % | |
JAPAN | 5.5 % | |
CHINA | 5.3 % | |
IRELAND | 3.6 % | |
BRITAIN | 3.2 % | |
NETHERLANDS | 2.6 % | |
SWITZERLAND | 2.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 19.4% | 20.7% | 22.1% | 26.3% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.29 | 64% |
MSCI EAFE | 1.36 | 69% |
MSCI Emg Mkts | 1.24 | 56% |
Liquidity Measures
Avg. volume (000) | 4 |
Turnover | 2.3% |
Avg. Bid/Ask (% of price) | 0.31% |
ADV of underlying (mns) | $37,144 |
Technical Indicators
Recent close | $22.49 |
30d moving avg. | $21.84 |
Annualized volatility | 29.2% |
Relative strength (RSI) | 54 |
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. BNE |
Expenses vs. BNE |
ALTAR Score™ vs. BNE |
---|---|---|---|---|
GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure | 20.8% | -29 bp | +0.0% |
CLNR | IQ Cleaner Transport ETF | 18.4% | -42 bp | +2.1% |
GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 17.9% | -42 bp | +1.2% |
RBLD | First Trust Alerian US NextGen Infrastructure ETF | 16.5% | -22 bp | +0.5% |
DRIV | Global X Autonomous & Electric Vehicles ETF | 16.0% | -19 bp | +0.9% |
PBW | Invesco WilderHill Clean Energy ETF | 14.9% | -21 bp | -18.3% |
QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 14.9% | -29 bp | -7.6% |
CARZ | First Trust NASDAQ Global Auto Index Fund | 14.9% | -17 bp | -0.9% |
BATT | Amplify Lithium & Battery Technology ETF | 14.8% | -28 bp | -4.9% |
NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 14.7% | -32 bp | -1.4% |
Risk and Returns: BNE 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 10/1/2024
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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
BNE
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™
BNE
4.7%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. BNE's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places BNE in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BNESELL
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 |
BNE (87 bp) Percentile rank | 96 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
BNE | 87.0 | 30.8 | 117.8 |
Peer Avg. | 45.0 | 21.6 | 66.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .