RNEW vs. BDCX ETF Comparison
Comparison of VanEck Green Infrastructure ETF (RNEW) to ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX)
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
$23.17
Average Daily Volume
163
10
BDCX
ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
BDCX Description
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Wells Fargo Business Development Company Index, reduced by the Accrued Fees. The index is intended to measure the performance of all business development companies listed on the New York Stock Exchange, NYSE AMEX or The Nasdaq Stock Market, Inc. that satisfy specified market capitalization and other eligibility requirements. It is a proprietary index of Wells Fargo Securities, LLC.Grade (RS Rating)
Last Trade
$33.20
Average Daily Volume
3,513
23
Performance
| Period | RNEW | BDCX |
|---|---|---|
| 30 Days | 0.35% | 3.26% |
| 60 Days | 1.49% | 7.23% |
| 90 Days | 4.35% | 8.13% |
| 12 Months | -0.71% | 49.23% |
0 Overlapping Holdings
| Symbol | Grade | Weight in RNEW | Weight in BDCX | Overlap |
|---|
RNEW Underweight 23 Positions Relative to BDCX
| Symbol | Grade | Weight | |
|---|---|---|---|
| ARCC | A | -17.86% | |
| FSK | B | -11.43% | |
| MAIN | A | -5.85% | |
| PSEC | F | -5.48% | |
| TSLX | B | -4.71% | |
| GBDC | A | -4.5% | |
| GSBD | A | -4.48% | |
| HTGC | A | -4.42% | |
| NMFC | A | -3.68% | |
| OCSL | C | -3.54% | |
| TCPC | D | -2.36% | |
| CGBD | A | -2.28% | |
| BCSF | A | -2.09% | |
| SLRC | A | -2.05% | |
| NEWT | D | -1.96% | |
| CSWC | A | -1.82% | |
| BBDC | A | -1.72% | |
| GAIN | A | -1.69% | |
| TPVG | F | -1.57% | |
| PFLT | B | -1.45% | |
| PNNT | B | -1.4% | |
| FDUS | B | -1.28% | |
| GLAD | A | -1.22% |
RNEW: Top Represented Industries & Keywords
BDCX: Top Represented Industries & Keywords
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