VCLN
Virtus Duff & Phelps Clean Energy ETF
VCLN is an actively managed fund that invests in clean energy companies from around the world.
Global
EQUITY
Active
MANAGEMENT STYLE
4.8 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Virtus Investment Partners |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 03, 2021 |
| Assets (mns) | $5 |
| Expense ratio | 59 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
| ENPHASE ENERGY INC | 8.6 % |
| FIRST SOLAR INC | 8.5 % |
| IBERDROLA SA | 4.9 % |
| CONSOLIDATED EDISON INC | 4.9 % |
| SUNRUN INC. | 4.0 % |
| NEXTERA ENERGY GROUP | 3.2 % |
| VESTAS WIND SYSTEMS A/S | 3.2 % |
| FORTUM OYJ | 3.1 % |
| DONG ENERGY A/S | 2.9 % |
| NEXTRACKER, INC. CLASS A | 2.8 % |
Constituent Breakdown
| Number of holdings | 45 |
| Herfindahl-Hirschman Index | 350 |
| Wgt avg mkt cap (mns) | $28,641 |
| Large cap (>$10bn) | 73.1% |
| Mid cap ($2-10bn) | 20.8% |
| Small cap (<$2bn) | 4.6% |
| Developed mkts. | 98.4% |
| Emerging mkts. | 1.6% |
Country Exposure
 |
UNITED STATES | 57.7 % |
 |
SPAIN | 9.5 % |
 |
DENMARK | 6.1 % |
 |
SWITZERLAND | 3.9 % |
 |
BRITAIN | 3.8 % |
 |
GERMANY | 3.5 % |
 |
FINLAND | 3.1 % |
 |
PORTUGAL | 2.3 % |
 |
CANADA | 2.1 % |
 |
ITALY | 2.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -4.3% | 11.6% | -9.7% | -- | -- | -- | -14.4% | Volatility | 21.5% | 22.1% | 23.1% | 27.6% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.10 | 46% |
| MSCI EAFE | 1.17 | 54% |
| MSCI Emg Mkts | 0.95 | 35% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.69% |
| ADV of underlying (mns) | $7,939 |
Technical Indicators
| Recent close | $17.55 |
| 30d moving avg. | $18.94 |
| Annualized volatility | 28.1% |
| Relative strength (RSI) | 44 |
| 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. VCLN |
Expenses vs. VCLN |
ALTAR Score™ vs. VCLN |
|---|---|---|---|---|
| ICLN | iShares Global Clean Energy ETF | 36.7% | -18 bp | +2.1% |
| FRNW | Fidelity Clean Energy ETF | 28.6% | -20 bp | -1.3% |
| TAN | Invesco Solar ETF | 26.6% | +8 bp | +6.7% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 26.5% | -14 bp | +1.9% |
| NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 24.2% | -4 bp | -0.9% |
| RAYS | Global X Solar ETF | 22.1% | -8 bp | +3.1% |
| SOLR | Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund | 21.8% | +20 bp | +1.2% |
| SMOG | VanEck Low Carbon Energy ETF | 21.6% | +2 bp | -1.5% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 20.6% | -1 bp | -6.9% |
| JXI | iShares Global Utilities ETF | 20.4% | -16 bp | +2.1% |
Risk and Returns: VCLN 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 11/15/2024
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
VCLN
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™
VCLN
3.9%
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
4.6%. VCLN's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places VCLN in the 47th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VCLNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| VCLN (59 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VCLN | 59.0 | 69.2 | 128.2 |
| Peer Avg. | 74.7 | 39.0 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .