XLB vs. ABEQ ETF Comparison
Comparison of Materials Select Sector SPDR (XLB) to Absolute Core Strategy ETF (ABEQ)
XLB
Materials Select Sector SPDR
XLB Description
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Materials Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: chemicals; metals & mining; paper & forest products; containers & packaging; and construction materials. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$94.47
Average Daily Volume
4,063,259
28
ABEQ
Absolute Core Strategy ETF
ABEQ 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
$32.75
Average Daily Volume
6,159
19
Performance
| Period | XLB | ABEQ |
|---|---|---|
| 30 Days | -0.61% | 1.13% |
| 60 Days | 4.55% | 1.24% |
| 90 Days | 7.15% | 5.47% |
| 12 Months | 26.02% | 22.59% |
XLB Overweight 25 Positions Relative to ABEQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| LIN | D | 17.4% | |
| SHW | B | 6.57% | |
| APD | B | 5.44% | |
| FCX | C | 5.18% | |
| ECL | D | 4.9% | |
| NEM | D | 4.11% | |
| VMC | B | 4.04% | |
| MLM | B | 4.02% | |
| DOW | F | 3.89% | |
| NUE | C | 3.86% | |
| PPG | F | 3.29% | |
| SW | B | 2.88% | |
| LYB | F | 2.55% | |
| PKG | B | 2.32% | |
| IP | B | 2.19% | |
| STLD | B | 2.17% | |
| BALL | F | 2.03% | |
| AVY | F | 1.88% | |
| CF | B | 1.72% | |
| AMCR | D | 1.68% | |
| CE | F | 1.54% | |
| EMN | D | 1.34% | |
| ALB | C | 1.31% | |
| MOS | C | 0.97% | |
| FMC | D | 0.89% |
XLB: Top Represented Industries & Keywords
ABEQ: Top Represented Industries & Keywords
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