Tortoise Global Water Etf Profile
TORTOISE GLOBAL is selling for under 42.37 as of the 30th of November 2024; that is No Change since the beginning of the trading day. The etf's last reported lowest price was 42.15. TORTOISE GLOBAL symbol was changed from EBLU on 30th of September 2024. Equity ratings for TORTOISE GLOBAL WATER are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
TORTOISE Etf Highlights
| Older Symbol | EBLU |
| Thematic Ideas | (View all Themes) |
| Old Name | Tortoise Global Water ESG Fund |
| Business Concentration | Sector ETFs, Industrials ETFs, Natural Resources, Tortoise Capital Advisors (View all Sectors) |
| Issuer | Tortoise |
| Inception Date | 2024-10-01 |
| Benchmark | Tortoise Global Water ESG Index |
| Entity Type | Regulated Investment Company |
| Average Trading Valume | 2,298.5 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Industrials |
| Market Concentration | Developed Markets |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Tortoise Index Solutions, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Quasar Distributors, LLC |
| Portfolio Manager | Andrew Serowik, Todd Alberico, Gabriel Tan, Brian Cooper |
| Transfer Agent | U.S. Bank, N.A. |
| Fiscal Year End | 30-Nov |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 41.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.4 |
| Management Fee | 0.4 |
| Country Name | USA |
| Returns Y T D | 3.36 |
| Name | Tortoise Global Water ESG Fund |
| Currency Code | USD |
| In Threey Volatility | 20.88 |
| 1y Volatility | 19.24 |
| 200 Day M A | 37.6916 |
| 50 Day M A | 41.075 |
| Code | TBLU |
| Updated At | 3rd of March 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.26 |
| Type | ETF |
TORTOISE GLOBAL WATER [TBLU] is traded in USA and was established 2017-02-14. TORTOISE GLOBAL WATER was previously known as Ecofin Global Water and was traded on NYSE ARCA Exchange under the symbol EBLU. The fund is listed under Natural Resources category and is part of Tortoise Capital Advisors family. The entity is thematically classified as Sector ETFs. TORTOISE GLOBAL WATER at this time have 15.52 M in assets. , while the total return for the last 3 years was 5.5%.
Check TORTOISE GLOBAL Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on TORTOISE Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding TORTOISE Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as TORTOISE GLOBAL WATER Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
TORTOISE GLOBAL WATER Currency Exposure
TORTOISE GLOBAL WATER holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of TORTOISE GLOBAL will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in TORTOISE GLOBAL WATER.
Top TORTOISE GLOBAL WATER Etf Constituents
| ITRI | Itron Inc | Stock | Information Technology | |
| VMI | Valmont Industries | Stock | Industrials | |
| AQUA | Evoqua Water Technologies | Stock | Industrials | |
| AOS | Smith AO | Stock | Industrials | |
| AWK | American Water Works | Stock | Utilities | |
| PNR | Pentair PLC | Stock | Industrials | |
| WTRG | Essential Utilities | Stock | Utilities | |
| XYL | Xylem Inc | Stock | Industrials |
TORTOISE GLOBAL WATER Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in TORTOISE GLOBAL. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1082 | |||
| Jensen Alpha | 0.096 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) |
TORTOISE GLOBAL Against Markets
TORTOISE GLOBAL Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TORTOISE GLOBAL etf to make a market-neutral strategy. Peer analysis of TORTOISE GLOBAL could also be used in its relative valuation, which is a method of valuing TORTOISE GLOBAL by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Other Information on Investing in TORTOISE Etf
TORTOISE GLOBAL financial ratios help investors to determine whether TORTOISE Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TORTOISE with respect to the benefits of owning TORTOISE GLOBAL security.