FBZ vs. ETEC ETF Comparison
Comparison of First Trust Brazil AlphaDEX Fund (FBZ) to iShares Breakthrough Environmental Solutions ETF (ETEC)
FBZ
First Trust Brazil AlphaDEX Fund
FBZ Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Brazil Index. The fund normally invests at least 90% of its net assets plus the amount of any borrowings for investment purposes in stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Brazil BMI Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$11.25
Average Daily Volume
2,239
9
ETEC
iShares Breakthrough Environmental Solutions ETF
ETEC Description
ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.Grade (RS Rating)
Last Trade
$22.70
Average Daily Volume
337
8
Performance
Period | FBZ | ETEC |
---|---|---|
30 Days | -0.26% | 13.25% |
60 Days | 12.33% | 20.62% |
90 Days | 5.32% | 8.24% |
12 Months | 18.68% | 9.16% |
0 Overlapping Holdings
Symbol | Grade | Weight in FBZ | Weight in ETEC | Overlap |
---|
FBZ: Top Represented Industries & Keywords
ETEC: Top Represented Industries & Keywords