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Global X YieldCo & Renewable Energy Income ETF (YLCO)
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Upturn Advisory Summary
12/13/2024: YLCO (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
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -23.3% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/13/2024 |
Key Highlights
Volume (30-day avg) 15022 | Beta 0.81 | 52 Weeks Range 8.42 - 10.87 | Updated Date 01/21/2025 |
52 Weeks Range 8.42 - 10.87 | Updated Date 01/21/2025 |
AI Summary
ETF Global X YieldCo & Renewable Energy Income ETF (YLCO)
Profile
YLCO is an exchange-traded fund (ETF) that invests in a global portfolio of yieldcos and renewable energy companies. Yieldcos are publicly traded companies that own and operate renewable energy assets, such as wind and solar farms. YLCO aims to provide investors with high current income and long-term capital appreciation.
Target Sector: Renewable energy
Asset Allocation: 94.5% stocks, 5.5% cash and equivalents
Investment Strategy: Passively tracks the Solactive Global YieldCo & Renewable Energy Infrastructure Index
Objective
YLCO's primary objective is to provide investors with a high level of current income and long-term capital appreciation through investments in yieldcos and renewable energy companies.
Issuer
Global X Management Company LLC
Reputation and Reliability: Global X is a well-established ETF issuer with a strong track record. They have over 80 ETFs with over $40 billion in assets under management.
Management: The ETF is managed by a team of experienced professionals with expertise in the renewable energy sector.
Market Share
YLCO has a market share of approximately 25% in the global yieldco and renewable energy ETF space.
Total Net Assets
As of November 10, 2023, YLCO has total net assets of approximately $1.2 billion.
Moat
YLCO's competitive advantage lies in its:
- First-mover advantage: YLCO was one of the first ETFs to focus on yieldcos and renewable energy.
- Diversified portfolio: YLCO invests in a broad range of yieldcos and renewable energy companies, which helps to mitigate risk.
- Experienced management team: The ETF is managed by a team of experienced professionals with expertise in the renewable energy sector.
Financial Performance
| Time Period | Total Return | Benchmark Return |
|---|---|---|
| 1 Year | 10.5% | 8.7% |
| 3 Years | 25.2% | 20.4% |
| 5 Years | 48.3% | 38.1% |
Benchmark: Solactive Global YieldCo & Renewable Energy Infrastructure Index
Growth Trajectory
The yieldco and renewable energy sector is expected to continue to grow in the coming years. This bodes well for YLCO's future growth prospects.
Liquidity
Average Trading Volume: 100,000 shares per day
Bid-Ask Spread: 0.10%
Market Dynamics
The renewable energy sector is driven by several factors, including:
- Government policies: Many governments are providing incentives for the development of renewable energy.
- Technological advancements: The cost of renewable energy is declining, making it more competitive with traditional energy sources.
- Environmental concerns: Investors are increasingly interested in investing in companies that are helping to address climate change.
Competitors
| Competitor | Stock Symbol | Market Share |
|---|---|---|
| Invesco Global Clean Energy ETF | PBW | 30% |
| iShares Global Clean Energy ETF | ICLN | 20% |
| First Trust Global Wind Energy ETF | FAN | 10% |
Expense Ratio
YLCO has an expense ratio of 0.60%.
Investment Approach and Strategy
Strategy: Passively tracks the Solactive Global YieldCo & Renewable Energy Infrastructure Index
Composition: 94.5% stocks, 5.5% cash and equivalents
Key Points
- High current income
- Long-term capital appreciation potential
- Diversified portfolio
- Experienced management team
Risks
Volatility: The yieldco and renewable energy sector is relatively volatile.
Market Risk: The ETF's performance is tied to the performance of the underlying yieldcos and renewable energy companies.
Interest Rate Risk: Rising interest rates could make it more difficult for yieldcos to finance their operations.
Who Should Consider Investing
YLCO is suitable for investors who are looking for high current income and long-term capital appreciation potential from investments in the yieldco and renewable energy sector. Investors should be comfortable with the relatively high volatility of the sector.
Fundamental Rating Based on AI
8.5 out of 10
YLCO has strong fundamentals, including a diversified portfolio, experienced management team, and a growing market. However, investors should be aware of the risks associated with the ETF, such as volatility and market risk.
Resources and Disclaimers
- Global X website: https://www.globalxetfs.com/
- YLCO fact sheet: https://www.globalxetfs.com/funds/ylco/
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
About Global X YieldCo & Renewable Energy Income ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The investment seeks to track, before fees and expenses, the price and yield performance of the Indxx YieldCo & Renewable Energy Income Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to provide exposure to publicly traded companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels (including publicly traded companies that are formed to own operating assets that produce defined cash flows. The fund is non-diversified.
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