RNWZ - ETF AI Analysis
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TrueShares Eagle Global Renewable Energy Income ETF (RNWZ)
Rating:56Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, showing positive momentum for investors.
Leading Utilities and Renewable Names
Several major utility and renewable energy holdings, such as American Electric Power, RWE, Enel, and NextEra Energy, have shown solid performance, supporting the fund’s returns.
Global Diversification Within Renewables
Exposure to companies across the U.S. and multiple European countries helps spread risk across different markets and regulatory environments.
Negative Factors
High Expense Ratio
The fund’s fee is relatively high for an ETF, which can eat into long-term returns compared with lower-cost options.
Heavy Concentration in Utilities
Nearly half of the portfolio is in the utilities sector, which increases sensitivity to sector-specific risks such as regulation or changes in power demand.
Small Asset Base
The ETF manages a relatively small amount of assets, which can lead to higher trading spreads and a greater risk that the fund could be closed if it does not grow.
RNWZ vs. SPDR S&P 500 ETF (SPY)
AUM5.96M
RegionGlobal
Expense Ratio0.75%
Beta0.23
IssuerTrueShares
Inception DateDec 08, 2022
Dividend Yield2.46%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,415
30 Day Avg. Volume2,681
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
34.66Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering24
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
RNWZ Summary
The TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) focuses on companies that produce power from renewable sources like wind, solar, and hydro. It doesn’t track a traditional index, but instead follows the theme of global renewable energy and aims to provide both income from dividends and potential long-term growth. The fund holds well-known utility companies such as American Electric Power and NextEra Energy, along with other major power producers around the world. This ETF may appeal to investors who want income and exposure to clean energy, but it can be risky because it is heavily concentrated in the renewable energy sector, which can rise and fall sharply.
How much will it cost me?The TrueShares Eagle Global Renewable Energy Income ETF (Ticker: RNWZ) has an expense ratio of 0.75%, meaning you’ll pay $7.50 per year for every $1,000 invested. This is higher than the average for ETFs because it is actively managed, focusing on a specific niche in the renewable energy sector to select companies with strong growth and income potential.
What would affect this ETF?The RNWZ ETF could benefit from global efforts to combat climate change, as governments and businesses continue to invest in renewable energy projects and infrastructure, which aligns with its focus on wind, solar, and hydroelectric technologies. However, potential challenges include rising interest rates that could increase borrowing costs for utilities and energy companies, as well as regulatory changes or geopolitical tensions that may impact its global holdings. The ETF’s heavy exposure to the utilities sector also makes it sensitive to fluctuations in energy demand and policy shifts.
RNWZ Top 10 Holdings
RNWZ is essentially a global renewable utilities play, with heavyweights like American Electric Power and NextEra Energy setting the tone. Lately, these U.S. names have been a bit sluggish, acting as a mild brake on the fund. In contrast, European utilities such as RWE, Enel, and Endesa have been rising, giving the portfolio a welcome tailwind. HASI adds a more financial, yield-focused flavor with mixed but improving momentum. Overall, the ETF leans hard into regulated power and income-oriented renewables across the U.S. and Europe.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| American Electric Power | 10.42% | $624.66K | $69.48B | 26.12% | 69 Neutral | |
| RWE AG | 8.10% | $485.66K | €40.99B | 55.83% | 69 Neutral | |
| Enel S.p.A. | 7.75% | $464.36K | €100.95B | 21.46% | 67 Neutral | |
| NextEra Energy | 6.71% | $401.97K | $180.90B | 21.70% | 71 Outperform | |
| HASI | 6.62% | $396.95K | $4.99B | 53.40% | 70 Outperform | |
| Clearway Energy | 6.17% | $369.63K | $7.68B | 17.42% | 70 Neutral | |
| Endesa SA | 4.88% | $292.35K | €39.13B | 39.06% | 63 Neutral | |
| ― | 4.19% | $251.27K | ― | ― | ― | |
| PG&E | 3.80% | $227.59K | $36.29B | 20.42% | 69 Neutral | |
| SSE | 3.79% | $227.07K | £28.03B | 27.97% | 74 Outperform |
RNWZ Technical Analysis
Positive
―
Price Trends
31.86
Negative
31.52
Negative
29.25
Positive
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For RNWZ, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 31.29, equal to the 50-day MA of 31.86, and equal to the 200-day MA of 29.25, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RNWZ.
RNWZ Peer Comparison
Comparison Results
Performance Comparison
RNWZ
TrueShares Eagle Global Renewable Energy Income ETF
31.32
7.32
30.50%
FDCF
Fidelity Disruptive Communications ETF
―
―
―
CSNR
Cohen & Steers Natural Resources Active ETF
―
―
―
HECO
SPDR Galaxy Hedged Digital Asset Ecosystem ETF
―
―
―
FITZ
Fitz-Gerald Must Have Portfolio ETF
―
―
―
SOLR
Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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