ACES vs. MGNR ETF Comparison
Comparison of ALPS Clean Energy ETF (ACES) to American Beacon GLG Natural Resources ETF (MGNR)
ACES
ALPS Clean Energy ETF
ACES Description
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the "underlying index"). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the "index provider"), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$28.39
Average Daily Volume
67,199
28
MGNR
American Beacon GLG Natural Resources ETF
MGNR Description
MGNR offers exposure to companies involved in various aspects of natural resources, including ownership, production, refining, processing, transportation, distribution, mining, exploration, storage, and related activities. In addition, it broadly defines natural resources, encompassing metals, agricultural products, timber, water, and energy from both fossil fuel and renewable sources, as well as chemicals. With a concentrated portfolio ranging from 30 to 60 global stocks, the fund primarily targets large and mid-cap stocks. The fund prioritizes firms with a track record of historical growth performance by combining top-down and bottom-up analyses, a commodities viewpoint with sub-sector selection, and bottom-up stock picking. Both growth and value investment styles are also incorporated. Holdings are divested based on changing market conditions, company performance, and valuation, aiming to optimize gains and minimize losses. The fund may invest in foreign currencies directly.Grade (RS Rating)
Last Trade
$30.70
Average Daily Volume
19,055
5
Performance
| Period | ACES | MGNR |
|---|---|---|
| 30 Days | -1.37% | 5.05% |
| 60 Days | 1.44% | 12.73% |
| 90 Days | -2.12% | 0.78% |
| 12 Months | -14.79% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ACES | Weight in MGNR | Overlap | |
|---|---|---|---|---|---|
| DAR | F | 4.52% | 4.22% | 4.22% |
ACES Overweight 27 Positions Relative to MGNR
| Symbol | Grade | Weight | |
|---|---|---|---|
| ALB | D | 5.63% | |
| FSLR | C | 5.58% | |
| TSLA | C | 5.5% | |
| ITRI | C | 4.85% | |
| ORA | C | 4.82% | |
| ENPH | D | 4.77% | |
| RUN | D | 4.5% | |
| HASI | C | 4.33% | |
| RIVN | F | 3.85% | |
| LCID | D | 3.58% | |
| NEP | D | 2.87% | |
| CWEN | C | 2.73% | |
| ASPN | D | 2.29% | |
| PLUG | D | 2.01% | |
| ANDE | D | 1.81% | |
| FLNC | C | 1.55% | |
| NOVA | D | 1.44% | |
| AMRC | C | 1.39% | |
| WOLF | F | 1.3% | |
| SHLS | F | 1.08% | |
| ARRY | F | 1.05% | |
| GPRE | F | 0.92% | |
| AMSC | C | 0.91% | |
| REX | D | 0.78% | |
| EOSE | B | 0.61% | |
| CHPT | F | 0.6% | |
| CLNE | C | 0.56% |
ACES: Top Represented Industries & Keywords
MGNR: Top Represented Industries & Keywords
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