This ETF offers exposure to the global natural resources industry, targeting a corner of the world economy that includes companies engaged in the extraction and production of raw materials ranging from metals to timber to oil and gas producers. As such, GNAT can be expected to exhibit a reasonably strong correlation to commodity prices; stocks of companies that focus on the production of a specific resource or group of resources tend to move in unison with the prices of the underlying assets. Since many of the component companies are included in more broad-based equity ETFs, GNAT might not be most useful as a component of a long-term, buy-and-hold portfolio; instead, this ETF may be more appropriate for those looking to establish a tactical tilt towards stocks that will thrive during bull commodity markets. GNAT is also unique in that the underlying index uses market capitalization to determine component companies, but weights within the index based on cash dividends paid. That may be appealing to those looking to avoid cap-weighting, and can enhance the effective yield realized in this ETF. The balance among individual securities in this portfolio is impressive, and weightings to a number of different developed and emerging markets are included. The methodology of the underlying index results in a concentration to energy companies, a fact that is worth considering when analyzing potential investments. Investors seeking more targeted exposure to commodity producing stocks have several options available in the Commodity Producers Equities ETFdb Category; other broad-based alternatives include HAP and CRBQ.
The adjacent table gives investors an individual Realtime Rating for GNAT on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Commodity Producers Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
This ETF is currently available for commission free trading on the following platforms: (E*TRADE)
There are 15 other ETFs in the Commodity Producers Equities ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of GNAT relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
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