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Three ETFs to prepare for the revenge of renewables

05/04/2021 | 06:20am EDT

You can't catch a falling knife, so they often say on markets. Even when it comes to renewable energies? After the green frenzy of 2020, the year 2021 is off to a much rougher start for companies in the sector on the stock market, especially for innovative or up-and-coming companies. If by any chance you are tempted to bet on a recovery in the sector, which has been the least popular since the beginning of the year (-15% approximately since January 1st vs. +10% for the STOXX Europe 600), here are some ideas for diversified ETFs.

* iShares Clean Energy (INRG): the heavyweight of the sector ($5.5bn in assets at the end of April), which offers physical replication of a portfolio of 82 stocks, for a not exactly cheap fee of 0.65% and a distributive system. Among the holdings are Vestas , Orsted , Enphase , Iberdrola , Xcel Energy, Enel, Nextera , Solaredge , Plug Power, etc. It is not devoid of more original lines such as Flat Glass, McPhy, Encavis , Meyer Burger and Albioma . Europe and the United States each account for just under 40% of the portfolio. Please note that this fund is in dollars. It follows the S&P Global Clean Energy Index.

* Lyxor New Energy (NRJ): an ETF that is also popular with investors (€1.1bn in assets under management at the end of April), which tracks 54 companies in RobecoSAM's World Alternative Energy Total Return Index, which only includes companies that derive at least 40% of their revenues from alternative energy activities. The top holdings are Schneider Electric, Vestas, Carrier Global, Orsted, STMicroelectronics, Nibe Industrier, Enphase, Tdk, Solaredge and Cree. The more original positions include Neoen, Arcosa, Boralex, Soitec, Algonquin Power and Scatec. A euro fund with a 0.6% fee and a 2% decline in 2021.

* L&G Hydrogen Economy (SOHYDRON): this recent fund is already well endowed ($375m as at 29 April). As its name suggests, it focuses on the hydrogen ecosystem. It is denominated in dollars and has fees of 0.49%. Its benchmark is the Solactive Hydrogen Economy Index NTR, which it physically replicates with dividend accumulation. Major holdings include Cummins, Daimler, Linde, Kolon, Air Products, Toyota, The Chemours Company, Johnson Matthey and Siemens. There are also more innovative holdings such as McPhy, Ceres, Hexagon Composites, Nel ASA and PowerCell. The ETF has lost 10% since its inception on 21 February.

Les 3 ETF vs SXXP
2021 performance of the three ETFs against the STOXX EUROPE 600

© 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIR PRODUCTS & CHEMICALS, INC. 0.15% 237.95 Delayed Quote.-21.79%
ALBIOMA -0.04% 49.86 Real-time Quote.45.51%
ALGONQUIN POWER & UTILITIES CORP. 0.22% 18.51 Delayed Quote.1.31%
ARCOSA, INC. -1.09% 51.74 Delayed Quote.-1.82%
BORALEX INC. -0.38% 39.8 Delayed Quote.14.76%
CARRIER GLOBAL CORPORATION 0.82% 38.27 Delayed Quote.-29.44%
CERES POWER HOLDINGS PLC -2.36% 669.8 Delayed Quote.-31.16%
CUMMINS INC. 0.72% 198.74 Delayed Quote.-8.89%
ENCAVIS AG -0.54% 20.08 Delayed Quote.29.76%
ENEL S.P.A. -2.28% 5.994 Delayed Quote.-12.96%
ENPHASE ENERGY, INC. 0.77% 169.55 Delayed Quote.-7.32%
FLAT GLASS GROUP CO., LTD. -1.85% 31.75 Delayed Quote.-18.31%
HEXAGON COMPOSITES ASA -0.73% 35.28 Real-time Quote.8.55%
IBERDROLA, S.A. -1.97% 10.92 Delayed Quote.7.06%
JOHNSON MATTHEY PLC -0.26% 2299 Delayed Quote.12.61%
KOLON INDUSTRIES, INC. -0.61% 65100 End-of-day quote.-8.18%
LINDE 0.00%End-of-day quote.1.52%
MCPHY ENERGY -2.68% 16.14 Real-time Quote.-23.38%
MERCEDES-BENZ GROUP AG -0.48% 64.3 Delayed Quote.-4.48%
MEYER BURGER TECHNOLOGY AG -1.30% 0.4234 Delayed Quote.5.50%
NEL ASA -2.96% 13.615 Real-time Quote.-7.86%
NEOEN -1.10% 39.61 Real-time Quote.4.95%
NEXTERA ENERGY 1.87% 72.55 Delayed Quote.-22.29%
NIBE INDUSTRIER AB (PUBL) -0.50% 87.08 Delayed Quote.-36.00%
ORSTED A/S -3.85% 742.3 Delayed Quote.-7.35%
PLUG POWER INC. 1.16% 16.64 Delayed Quote.-41.06%
POWERCELL SWEDEN AB (PUBL) -2.93% 139.35 Delayed Quote.-22.45%
SCATEC ASA -2.77% 93.38 Real-time Quote.-37.13%
SCHNEIDER ELECTRIC SE -1.29% 125.82 Real-time Quote.-26.05%
SIEMENS AG -0.84% 115.86 Delayed Quote.-23.57%
SOITEC -1.55% 167.9 Real-time Quote.-20.77%
SOLAREDGE TECHNOLOGIES, INC. -0.46% 255.63 Delayed Quote.-8.89%
STMICROELECTRONICS N.V. -2.29% 35.985 Real-time Quote.-15.05%
TDK CORPORATION -1.59% 4335 Delayed Quote.-1.89%
THE CHEMOURS COMPANY 1.35% 41.35 Delayed Quote.23.21%
TOYOTA MOTOR CORPORATION -0.56% 2050 Delayed Quote.-2.09%
VESTAS WIND SYSTEMS A/S 0.65% 165.02 Delayed Quote.-17.96%
WOLFSPEED, INC. -0.44% 68.04 Delayed Quote.-39.13%
XCEL ENERGY 0.88% 74.87 Delayed Quote.10.59%
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