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.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
5.1 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | New York Life |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 21, 2021 |
| Assets (mns) | $5 |
| 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
| TESLA MOTORS INC | 3.8 % |
| APPLE INC | 3.5 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 3.5 % |
| BYD CO LTD-H | 3.3 % |
| NVIDIA CORP | 3.2 % |
| TEXAS INSTRUMENTS INC | 3.2 % |
| GENERAL ELECTRIC COMPANY | 3.2 % |
| INTEL CORP | 3.2 % |
| IBERDROLA SA | 3.1 % |
| HITACHI LTD | 3.1 % |
Constituent Breakdown
| Number of holdings | 82 |
| Herfindahl-Hirschman Index | 236 |
| Wgt avg mkt cap (mns) | $348,275 |
| Large cap (>$10bn) | 92.9% |
| Mid cap ($2-10bn) | 5.6% |
| Small cap (<$2bn) | 1.5% |
| Developed mkts. | 87.3% |
| Emerging mkts. | 12.7% |
Country Exposure
 |
UNITED STATES | 35.7 % |
 |
GERMANY | 14.0 % |
 |
JAPAN | 13.6 % |
 |
TAIWAN | 5.4 % |
 |
CHINA | 4.9 % |
 |
FRANCE | 4.7 % |
 |
SWITZERLAND | 4.6 % |
 |
BRITAIN | 4.5 % |
 |
SPAIN | 3.9 % |
 |
NETHERLANDS | 2.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.2% | 8.1% | 9.7% | -- | -- | -- | -1.7% | Volatility | 17.0% | 16.9% | 18.4% | 21.7% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.24 | 81% |
| MSCI EAFE | 1.28 | 83% |
| MSCI Emg Mkts | 1.13 | 65% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.26% |
| ADV of underlying (mns) | $73,623 |
Technical Indicators
| Recent close | $22.86 |
| 30d moving avg. | $23.23 |
| Annualized volatility | 24.5% |
| Relative strength (RSI) | 46 |
| 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 | 33.8% | 0 bp | -0.6% |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 33.1% | +25 bp | -3.0% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 29.0% | 0 bp | -1.0% |
| DRIV | Global X Autonomous & Electric Vehicles ETF | 28.8% | +23 bp | -1.2% |
| WRND | IQ Global Equity R&D Leaders ETF | 23.1% | -27 bp | +0.7% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 22.3% | +23 bp | +0.5% |
| SMOG | VanEck Low Carbon Energy ETF | 20.7% | +16 bp | -4.5% |
| GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure | 19.9% | +13 bp | -2.1% |
| TEMP | JPMorgan Climate Change Solutions ETF | 19.1% | +4 bp | -1.1% |
| SFYF | SoFi Social 50 ETF | 18.4% | -16 bp | -8.9% |
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 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
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 Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
CLNR
6.8%
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%. CLNR's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places CLNR in the 70th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CLNRSELL
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 |
| CLNR (45 bp) Percentile rank | 28 |
Peer Group Expense Ratio Distribution
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. | 51.4 | 32.7 | 84.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .