ABEQ vs. MLPA ETF Comparison
Comparison of Absolute Core Strategy ETF (ABEQ) to Global X MLP ETF (MLPA)
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
$32.49
Average Daily Volume
5,960
17
MLPA
Global X MLP ETF
MLPA Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.Grade (RS Rating)
Last Trade
$47.72
Average Daily Volume
81,335
18
Performance
| Period | ABEQ | MLPA |
|---|---|---|
| 30 Days | -0.37% | -1.21% |
| 60 Days | -0.45% | -0.92% |
| 90 Days | 4.45% | 1.10% |
| 12 Months | 20.82% | 12.47% |
0 Overlapping Holdings
| Symbol | Grade | Weight in ABEQ | Weight in MLPA | Overlap |
|---|
ABEQ Underweight 18 Positions Relative to MLPA
ABEQ: Top Represented Industries & Keywords
MLPA: Top Represented Industries & Keywords
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