ETEC vs. QQQA ETF Comparison
Comparison of iShares Breakthrough Environmental Solutions ETF (ETEC) to ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA)
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
$22.20
Average Daily Volume
349
13
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF
QQQA Description
ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the public equity markets across the globe. It invests in the stocks of companies operating in the non-financial companies. The fund invests in momentum stocks of large cap companies. It replicates the performance of Nasdaq-100 Dorsey Wright Select Index. ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF was formed on May 18, 2021 and is domiciled in the United States.Grade (RS Rating)
Last Trade
$42.51
Average Daily Volume
3,076
21
Performance
| Period | ETEC | QQQA |
|---|---|---|
| 30 Days | 1.69% | -0.56% |
| 60 Days | 1.00% | -1.09% |
| 90 Days | 8.13% | -1.87% |
| 12 Months | -7.32% | 34.09% |
0 Overlapping Holdings
| Symbol | Grade | Weight in ETEC | Weight in QQQA | Overlap |
|---|
ETEC Underweight 21 Positions Relative to QQQA
| Symbol | Grade | Weight | |
|---|---|---|---|
| COST | A | -5.02% | |
| CPRT | D | -5.0% | |
| KLAC | B | -4.97% | |
| BKNG | B | -4.92% | |
| CEG | A | -4.9% | |
| AMZN | A | -4.89% | |
| QCOM | B | -4.87% | |
| CRWD | C | -4.86% | |
| FANG | B | -4.83% | |
| NVDA | B | -4.79% | |
| SNPS | D | -4.76% | |
| AMAT | C | -4.75% | |
| WDAY | F | -4.72% | |
| AVGO | D | -4.7% | |
| DASH | D | -4.68% | |
| LRCX | D | -4.61% | |
| PCAR | D | -4.58% | |
| CDNS | D | -4.56% | |
| MU | B | -4.55% | |
| NFLX | C | -4.5% | |
| META | D | -4.36% |
ETEC: Top Represented Industries & Keywords
QQQA: Top Represented Industries & Keywords
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