NRES vs. ABEQ ETF Comparison
Comparison of Xtrackers RREEF Global Natural Resources ETF (NRES) to Absolute Core Strategy ETF (ABEQ)
NRES
Xtrackers RREEF Global Natural Resources ETF
NRES Description
NRES is the first actively managed ETF by DWS. It aims for total return, focusing on the global natural resources sector, encompassing agriculture, energy, and metals industries. The funds strategic approach involves top-down and bottom-up research to allocate its investments, considering factors like supply/demand, ESG criteria, and market interrelations. Insight into commodity-price cycles, sector interdependencies and trends guide its decision-making process amid evolving market condition. This approach enhances the ability of NRES to harness investment prospects. Additionally, the fund may concentrate its investments in non-US issuers and diversify up to 20% of its assets into debt securities, short-term investments, and ETFs for liquidity purposes and enhanced risk management. By leveraging this flexibility, NRES seeks to deliver optimal returns while navigating the complexities of the natural resources space. The funds goal is to position itself to seize investment opportunities for long-term growth and value creation.
Grade (RS Rating)
Last Trade
$26.18
Average Daily Volume
3,245
4
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
$29.93
Average Daily Volume
5,404
15
Performance
Period | NRES | ABEQ |
---|---|---|
30 Days | -5.47% | -2.86% |
60 Days | -5.47% | 1.97% |
90 Days | 3.83% | 1.54% |
12 Months | 6.74% |
1 Overlapping Holdings
Symbol | Grade | Weight in NRES | Weight in ABEQ | Overlap | |
---|---|---|---|---|---|
CTVA | D | 3.61% | 2.92% | 2.92% |
NRES: Top Represented Industries & Keywords
ABEQ: Top Represented Industries & Keywords