Week of August 8, 2022 KPI summary

These hot summer days have us thinking about solar power and all the renewable energy sources our planet provides. There are a lot of assets invested in the renewable energy segment, and lots of ETF strategies with which to access this theme. Let’s take a look at Clean Energy ETFs and how they’ve performed this year.

There are 30 funds in this category (according to Morningstar) totaling $15.1 Billion:

• The largest fund is iShares Global Clean Energy ETF (ICLN) at approximately $5.96 Billion. In fact, the top 5 ETFs constitute 80% of the $15.1 Bn AUM of the category.
• In the last 3 months, all 30 funds have positive performance in assets with an average of 27.4% increase and high of 90.4% by KLNE, Direxion Daily Global Clean Energy Bull 2X Shares. The best performing non-leveraged fund is ProShares S&P Kensho Cleantech ETF, CTEX, with 63.2% change.
• However, in a 1-year outlook, the category is down -4.8% with the best performer at 14.8%, First Trust EIP Carbon Impact ETF (ECLN), with the next best far behind at 5.8%.
• The average expense ratio of the category is 0.47.
• Both indexes experienced significant change last week. Toroso ETF Industry Index was up 4.51% while the S&P Financial Select Sector Index led at 5.49%.