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 | 9.4 % |
| CHENIERE ENERGY INC | 7.0 % |
| QUANTA SERVICES INC | 6.1 % |
| CLEAN HARBORS INC | 5.8 % |
| REPUBLIC SERVICES INC | 5.8 % |
| WASTE MANAGEMENT INC | 5.7 % |
| ECOLAB INC | 5.3 % |
| DONALDSON CO INC | 5.0 % |
| RIVIAN AUTOMOTIVE INC-A | 4.5 % |
| BORGWARNER INC | 4.3 % |
Constituent Breakdown
| Number of holdings | 45 |
| Herfindahl-Hirschman Index | 460 |
| Wgt avg mkt cap (mns) | $90,295 |
| Large cap (>$10bn) | 52.7% |
| Mid cap ($2-10bn) | 33.4% |
| Small cap (<$2bn) | 13.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -6.4% | 10.1% | -- | -- | -- | -- | -8.9% | Volatility | 21.8% | 22.9% | 23.8% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.56 | 64% |
| MSCI EAFE | 1.42 | 62% |
| MSCI Emg Mkts | 1.42 | 61% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $18,803 |
Technical Indicators
| Recent close | $25.29 |
| 30d moving avg. | $24.64 |
| Annualized volatility | 26.1% |
| Relative strength (RSI) | 44 |
| 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 | 36.7% | +13 bp | -1.5% |
| ACES | ALPS Clean Energy ETF | 32.2% | +10 bp | -2.9% |
| EVX | VanEck Environmental Services ETF | 29.1% | +10 bp | +4.8% |
| CCSO | Carbon Collective Climate Solutions US Equity ETF | 25.1% | -10 bp | +3.4% |
| SMOG | VanEck Low Carbon Energy ETF | 20.5% | +16 bp | +3.8% |
| ERTH | Invesco MSCI Sustainable Future ETF | 18.2% | +17 bp | +5.1% |
| PBW | Invesco WilderHill Clean Energy ETF | 17.9% | +21 bp | -11.9% |
| NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 17.3% | +10 bp | +4.3% |
| CNRG | SPDR S&P Kensho Clean Power ETF | 16.9% | 0 bp | +4.3% |
| ETEC | iShares Breakthrough Environmental Solutions ETF | 16.5% | +2 bp | +9.4% |
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 11/21/2024
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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
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% 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 | 49 |
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. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .