This ETF is tilted towards the industrials sector, focusing on an index comprised of leading cleantech firms. Given this targeted focus, PZD is probably most useful as a tool for establishing tactical tilts towards a narrow corner of the global equity market. This fund could, however, also be useful as a minor satellite holding in a longer-term, buy-and-hold portfolios. The exposure of PZD is appealing in certain respects; the modified equal weighting methodology ensures that exposure is not concentrated in a small handful of names, while the global focus delivers both U.S. and international stocks. But we question the ability of this ETF to deliver exposure to the cleantech space, as the individual components seem like a hodgepodge of miscellaneous companies that do not combine to create a compelling or consistent investment strategy. Investors seeking exposure to wind power or solar power firms would be better served by ETFs such as PWND or TAN, while those looking for broad exposure to alternative energy should check out GEX or ICLN. PZD warrants a closer look under the hood before investing, as the diverse collection of companies won't necessarily deliver the type of exposure investors may be after.
The adjacent table gives investors an individual Realtime Rating for PZD 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 Alternative Energy 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.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
|Developed Markets (ex-US)||46.32%|
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 4 other ETFs in the Alternative Energy Equities ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com 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 PZD 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.com Category.