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Upturn AI SWOT - About
ProShares S&P Kensho Cleantech ETF (CTEX)
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Upturn Advisory Summary
03/13/2025: CTEX (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -53.12% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/13/2025 |
Key Highlights
Volume (30-day avg) 511 | Beta 1.72 | 52 Weeks Range 17.81 - 24.91 | Updated Date 03/27/2025 |
52 Weeks Range 17.81 - 24.91 | Updated Date 03/27/2025 |
Upturn AI SWOT
ProShares S&P Kensho Cleantech ETF
ETF Overview
Overview
ProShares S&P Kensho Cleantech ETF (CTEC) seeks investment results that correspond to the performance of the S&P Kensho Global Clean Technology Index. It invests in companies involved in the clean technology sector, including renewable energy, pollution reduction, and resource efficiency.
Reputation and Reliability
ProShares is a well-known issuer of leveraged and inverse ETFs, with a solid track record for product innovation and market presence.
Management Expertise
ProShares has a dedicated team managing various ETFs with experience in portfolio management and index tracking.
Investment Objective
Goal
The investment objective is to seek investment results, before fees and expenses, that correspond to the performance of the S&P Kensho Global Clean Technology Index.
Investment Approach and Strategy
Strategy: CTEC tracks the S&P Kensho Global Clean Technology Index, which uses a proprietary algorithm to identify companies focused on clean technology.
Composition The ETF holds stocks of companies involved in clean energy, water purification, energy efficiency, and other clean technology-related industries.
Market Position
Market Share: CTEC has a modest market share within the cleantech ETF sector, facing competition from larger and more established funds.
Total Net Assets (AUM): 320000000
Competitors
Key Competitors
- ICLN
- QCLN
- TAN
- ACES
Competitive Landscape
The cleantech ETF sector is highly competitive, with ICLN leading in market share. CTEC offers a differentiated approach through its unique index, potentially appealing to investors seeking broader exposure than pure-play solar or wind. However, CTEC has a lower AUM. The industry is constantly changing with innovation and government support.
Financial Performance
Historical Performance: Historical performance data for CTEC is available, but past performance is not indicative of future results.
Benchmark Comparison: CTEC's performance should be compared to the S&P Kensho Global Clean Technology Index to assess its tracking effectiveness.
Expense Ratio: 0.45
Liquidity
Average Trading Volume
CTEC's average trading volume indicates moderate liquidity.
Bid-Ask Spread
The bid-ask spread is typically small, representing a relatively low cost for trading.
Market Dynamics
Market Environment Factors
Economic growth, government policies supporting clean energy, and technological advancements influence CTEC's performance.
Growth Trajectory
The cleantech sector is expected to grow driven by climate change concerns and increasing adoption of renewable energy.
Moat and Competitive Advantages
Competitive Edge
CTEC's competitive edge lies in its index, the S&P Kensho Global Clean Technology Index, which uses a quantitative, rules-based methodology to identify companies innovating in the cleantech space. This can potentially capture emerging and niche clean technology companies that may be missed by more traditional market-cap weighted indices. The ETF offers broader diversification within the sector. This innovative focus aims to capture companies driving future cleantech advancements.
Risk Analysis
Volatility
CTEC's volatility depends on the underlying companies and the sector's sensitivity to policy changes and technological disruptions.
Market Risk
CTEC is susceptible to market risk and sector-specific risks affecting the clean technology industry, including regulatory changes and technological obsolescence.
Investor Profile
Ideal Investor Profile
CTEC is suitable for investors seeking exposure to the clean technology sector and willing to accept the associated risks.
Market Risk
CTEC is suitable for long-term investors who believe in the growth potential of the clean technology sector.
Summary
ProShares S&P Kensho Cleantech ETF provides investors with exposure to the cleantech sector through a rules-based index. Its unique indexing approach differentiates it from competitors. The sector is subject to regulatory and technological risks. CTEC is better suited for long-term investors who believe in the growth and innovation of the cleantech industry.
Similar Companies
- ICLN
- QCLN
- TAN
- ACES
- FAN
- PBW
- SMOG
Sources and Disclaimers
Data Sources:
- ProShares website
- ETF.com
- Bloomberg
- Morningstar
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares S&P Kensho Cleantech ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of U.S.-listed companies focused on building the technologies or products that enable the generation of clean energy, such as solar, wind, geothermal, hydrogen, and hydroelectric. The fund will invest in all of the component securities of the index in approximately the same proportion as the index. It is non-diversified.
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