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
30.8 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) | $31 |
| 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 | 6.4 % |
| VERBUND AG | 6.3 % |
| CENTRAIS ELETRICAS BRASILIER | 6.0 % |
| MERIDIAN ENERGY LTD | 5.7 % |
| BARITO RENEWABLE | 5.5 % |
| EDP RENOVAVEIS SA | 5.2 % |
| BROOKFIELD RENEWABLE PARTNERS LP | 4.9 % |
| NEOEN S.A. | 4.9 % |
| MIGHTY RIVER POWER | 4.6 % |
| RUSHYDRO JSC | 4.3 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 400 |
| Wgt avg mkt cap (mns) | $7,767 |
| Large cap (>$10bn) | 25.6% |
| Mid cap ($2-10bn) | 61.7% |
| Small cap (<$2bn) | 11.8% |
| Developed mkts. | 78.0% |
| Emerging mkts. | 22.0% |
Country Exposure
 |
NEW ZEALAND | 13.6 % |
 |
BRAZIL | 10.0 % |
 |
UNITED STATES | 9.4 % |
 |
DENMARK | 6.4 % |
 |
AUSTRIA | 6.3 % |
 |
SPAIN | 6.3 % |
 |
CANADA | 6.0 % |
 |
INDONESIA | 5.5 % |
 |
BERMUDA | 5.0 % |
 |
BRITAIN | 4.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -14.6% | 4.9% | -13.3% | -16.2% | -5.9% | -- | -1.9% | Volatility | 19.2% | 20.6% | 19.5% | 21.3% | 23.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 49% |
| MSCI EAFE | 1.03 | 61% |
| MSCI Emg Mkts | 0.84 | 39% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.68% |
| ADV of underlying (mns) | $472 |
Technical Indicators
| Recent close | $9.07 |
| 30d moving avg. | $10.20 |
| Annualized volatility | 23.4% |
| Relative strength (RSI) | 39 |
| 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. RNRG |
Expenses vs. RNRG |
ALTAR Score™ vs. RNRG |
|---|---|---|---|---|
| FRNW | Fidelity Clean Energy ETF | 38.2% | -27 bp | -3.0% |
| FAN | First Trust Global Wind Energy ETF | 29.2% | -6 bp | 0.0% |
| RNWZ | TrueShares Eagle Global Renewable Energy Income ETF | 22.5% | +9 bp | +2.4% |
| ACES | ALPS Clean Energy ETF | 20.3% | -11 bp | -9.9% |
| ICLN | iShares Global Clean Energy ETF | 20.3% | -25 bp | +0.5% |
| WNDY | Global X Wind Energy ETF | 18.8% | -16 bp | +0.5% |
| TAN | Invesco Solar ETF | 18.0% | +1 bp | +5.0% |
| PBD | Invesco Global Clean Energy ETF | 15.2% | +9 bp | -10.8% |
| SMOG | VanEck Low Carbon Energy ETF | 13.0% | -5 bp | -3.2% |
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 11/21/2024
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
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
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™
RNRG
5.6%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. RNRG's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places RNRG in the 62nd 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. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .