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RNWZ - ETF AI Analysis
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TrueShares Eagle Global Renewable Energy Income ETF (RNWZ)
Rating:55Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and in recent months, indicating positive momentum in its strategy.
Leading Renewable Utility Holdings
Several of the largest utility and renewable energy companies in the portfolio have delivered solid to strong performance, helping support the fund’s returns.
Global Diversification Within Renewables
Holdings spread across the U.S. and multiple European countries provide some geographic diversification within the renewable energy theme.
Negative Factors
High Expense Ratio
The fund’s fee is relatively high for an ETF, which can eat into long-term returns for investors.
Heavy Concentration in Utilities
A large majority of the portfolio is in the utilities sector, increasing the fund’s sensitivity to sector-specific risks such as regulation and interest rates.
Small Asset Base
The ETF manages a relatively small amount of assets, which can lead to lower trading volume and potentially wider bid-ask spreads for investors.
RNWZ vs. SPDR S&P 500 ETF (SPY)
AUM3.04M
RegionGlobal
Expense Ratio0.75%
Beta0.27
IssuerTrueShares
Inception DateDec 08, 2022
Dividend Yield1.92%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,286
30 Day Avg. Volume631
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
31.70Price 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) is a theme-based fund that focuses on companies involved in renewable energy, such as wind, solar, and hydro power, rather than tracking a traditional index. It mainly holds utility companies from around the world, including well-known names like American Electric Power and NextEra Energy. Investors might consider RNWZ if they want exposure to the long-term growth of clean energy while also seeking dividend income. A key risk is that it is heavily concentrated in the renewable energy sector, so its value can rise or fall sharply with changes in energy policy, interest rates, or sentiment toward green stocks.
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 leaning heavily on big regulated utilities to power returns, with European names like RWE and SSE rising nicely and adding welcome spark to performance. U.S. players NextEra Energy and Clearway Energy are also climbing, helping keep the fund’s renewable theme in the green. HASI has been steady to improving, though its financial strains mean it’s more of a wild card than a core engine. Endesa, by contrast, has been lagging a bit, acting as a small drag. Overall, this is a globally diversified, utilities‑centric bet on renewable energy income.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| American Electric Power | 10.00% | $306.74K | $68.84B | 22.82% | 69 Neutral | |
| RWE AG | 8.28% | $253.75K | €39.23B | 78.22% | 69 Neutral | |
| Enel S.p.A. | 7.42% | $227.49K | €94.36B | 32.64% | 67 Neutral | |
| NextEra Energy | 7.18% | $220.13K | $190.06B | 28.78% | 71 Outperform | |
| HASI | 6.42% | $196.73K | $4.82B | 32.95% | 70 Outperform | |
| Clearway Energy | 6.36% | $195.11K | $8.10B | 43.22% | 70 Neutral | |
| ― | 4.78% | $146.64K | ― | ― | ― | |
| SSE | 4.27% | $130.81K | £31.39B | 73.50% | 74 Outperform | |
| PG&E | 4.13% | $126.57K | $39.30B | 14.82% | 69 Neutral | |
| Endesa SA | 4.12% | $126.48K | €34.54B | 45.78% | 63 Neutral |
RNWZ Technical Analysis
Positive
―
Price Trends
28.70
Positive
27.85
Positive
25.93
Positive
Market Momentum
0.60
Positive
65.44
Neutral
64.99
Neutral
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 30.08, equal to the 50-day MA of 28.70, and equal to the 200-day MA of 25.93, indicating a bullish trend. The MACD of 0.60 indicates Positive momentum. The RSI at 65.44 is Neutral, neither overbought nor oversold. The STOCH value of 64.99 is Neutral, 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
30.70
10.38
51.08%
FFND
Future Fund Active ETF
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AIFD
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YNOT
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CSNR
Cohen & Steers Natural Resources Active ETF
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SOLR
Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund
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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.
Disclaimer
This 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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