ECLN vs. SDP ETF Comparison
Comparison of First Trust EIP Carbon Impact ETF (ECLN) to ProShares UltraShort Utilities (SDP)
ECLN
First Trust EIP Carbon Impact ETF
ECLN Description
The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$25.08
Average Daily Volume
2,527
38
SDP
ProShares UltraShort Utilities
SDP Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. UtilitiesSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.Grade (RS Rating)
Last Trade
$10.67
Average Daily Volume
6,133
46
Performance
| Period | ECLN | SDP |
|---|---|---|
| 30 Days | 2.39% | -8.98% |
| 60 Days | 6.85% | -16.33% |
| 90 Days | 7.76% | -19.22% |
| 12 Months | 2.48% | -1.97% |
26 Overlapping Holdings
| Symbol | Grade | Weight in ECLN | Weight in SDP | Overlap | |
|---|---|---|---|---|---|
| AEE | C | 0.33% | 1.92% | 0.33% | |
| AEP | A | 4.71% | 4.77% | 4.71% | |
| AES | B | 1.83% | 1.33% | 1.33% | |
| ATO | A | 3.96% | 1.34% | 1.34% | |
| AWK | B | 0.38% | 2.31% | 0.38% | |
| CMS | A | 3.02% | 1.82% | 1.82% | |
| CNP | A | 0.49% | 1.33% | 0.49% | |
| DTE | A | 2.75% | 2.52% | 2.52% | |
| DUK | A | 1.07% | 6.69% | 1.07% | |
| EIX | A | 0.18% | 2.7% | 0.18% | |
| ES | B | 0.68% | 2.81% | 0.68% | |
| ETR | A | 1.01% | 2.46% | 1.01% | |
| EVRG | B | 2.59% | 1.5% | 1.5% | |
| IDA | B | 2.24% | 0.54% | 0.54% | |
| LNT | B | 3.28% | 1.35% | 1.35% | |
| NFG | A | 2.85% | 0.38% | 0.38% | |
| NJR | B | 0.2% | 0.41% | 0.2% | |
| OGS | B | 2.16% | 0.49% | 0.49% | |
| PEG | A | 3.19% | 2.93% | 2.93% | |
| PPL | A | 3.5% | 2.56% | 2.56% | |
| SO | A | 3.92% | 6.91% | 3.92% | |
| SRE | B | 4.07% | 4.34% | 4.07% | |
| VST | A | 0.67% | 1.01% | 0.67% | |
| WEC | B | 3.32% | 2.98% | 2.98% | |
| WTRG | B | 0.72% | 1.07% | 0.72% | |
| XEL | C | 3.63% | 3.36% | 3.36% |
ECLN Underweight 20 Positions Relative to SDP
ECLN: Top Represented Industries & Keywords
SDP: Top Represented Industries & Keywords
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