ETEC vs. RNEW ETF Comparison

Comparison of iShares Breakthrough Environmental Solutions ETF (ETEC) to VanEck Green Infrastructure ETF (RNEW)

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

$21.37

Average Daily Volume

307

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

RNEW

VanEck Green Infrastructure ETF

RNEW Description

The fund normally invests at least 80% of its total assets in securities of Green Infrastructure Companies. The index is a U.S. index that tracks the performance of Green Infrastructure Companies. "Green Infrastructure Companies" are companies that seek to positively impact the environment through the production, transmission, or distribution of green energy and/or through the establishment of sustainable infrastructure to facilitate the use of green energy. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.61

Average Daily Volume

182

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	ETEC	RNEW
30 Days	-1.88%	-3.80%
60 Days	0.42%	-1.59%
90 Days	5.90%	1.01%
12 Months	-9.97%	-6.77%

3 Overlapping Holdings

	Symbol	Grade	Weight in ETEC	Weight in RNEW	Overlap
	BWA	B	6.39%	4.08%	4.08%
	ENPH	D	3.16%	5.57%	3.16%
	FSLR	B	4.05%	5.78%	4.05%

ETEC Overweight 10 Positions Relative to RNEW

	Symbol	Grade	Weight
	OLED	D	5.79%
	TSLA	D	4.02%
	XYL	A	3.19%
	NIO	F	2.2%
	XPEV	F	2.14%
	SEDG	F	2.04%
	LI	D	2.02%
	PLUG	F	1.4%
	LCID	F	1.14%
	DQ	F	0.88%

ETEC Underweight 7 Positions Relative to RNEW

	Symbol	Grade	Weight
	PWR	A	-6.6%
	WM	A	-6.09%
	ECL	C	-5.93%
	RSG	A	-5.85%
	CLH	B	-5.44%
	LNG	B	-4.63%
	DCI	A	-4.49%

ETEC: Top Represented Industries & Keywords

Industries: Auto Manufacturers Semiconductor Equipment & Materials Solar Auto Parts Diversified Industrials Electronic Components

Keywords: Electric Vehicle S&P 500 Transport Cars Motor Vehicles Photovoltaics Nasdaq 100 Photovoltaic System Solar Power Alternative Energy Automotive Manufacturers Electromagnetism Inverter Systems Inverters Power Systems Powertrain Renewable Energy Solar Panel Solar Power Systems Sport Utility Vehicle

RNEW: Top Represented Industries & Keywords

Industries: Waste Management Auto Parts Diversified Industrials Engineering & Construction Oil & Gas Midstream Semiconductor Equipment & Materials Solar Specialty Chemicals

Keywords: S&P 500 Landfill Recycling Sustainability And Environmental Management Waste Waste Management Disposal Services Electricity Emissions Systems Energy Projects Energy Solutions Landfill Gas Municipal Solid Waste Natural Gas Photovoltaic System Photovoltaics Power Systems Renewable Energy Projects Solar Power Solar Power Systems