Thematic ETFs, focused on specific investment themes such as technology, renewable energy, or healthcare, have become popular among passive investors. TradingView’s ETF Screener provides a robust platform for filtering and analyzing these funds based on financial, technical, and thematic indicators.
Here’s how to effectively use the TradingView ETF Screener for Thematic ETFs.
Understanding Thematic ETFs
Thematic ETFs are a type of Exchange-Traded Fund that targets specific investment themes rather than broad market indices. These ETFs might focus on industries such as biotechnology, clean energy, or artificial intelligence.
Investors typically choose Thematic ETFs to gain exposure to growth sectors or to align their investments with personal values, such as sustainability.
Accessing TradingView’s ETF Screener
- To begin screening Thematic ETFs, first, navigate to TradingView’s platform.
- From the main menu, select the “Screener” section, and then choose “ETF” as the asset class.
- This will allow you to access TradingView’s ETF Screener, which provides a variety of customization options for refining your search.
Also Read: How to Use TradingView’s ETF Screener for Passive Investing?
Key Features of TradingView’s ETF Screener
Here are some of the Key Features of TradingView ETF Screener:
1. Customizing Filters for Thematic ETFs
The ETF Screener offers various preset filters, allowing investors to quickly search for Thematic ETFs by selecting predefined criteria such as sector focus, expense ratios, or assets under management (AUM).
You can further customize these filters by adjusting indicator lengths, timeframes, and other parameters to focus specifically on thematic investing.
For example, if you’re interested in clean energy ETFs, you can filter by funds that focus on renewable energy stocks.
- Expense Ratio Filter: Choose funds with low expense ratios to minimize costs.
- Assets Under Management (AUM): Select ETFs with higher AUM for liquidity and stability.
- Thematic Sector Filter: Screen ETFs by sectors like technology, healthcare, or environmental, social, and governance (ESG).
2. Adding Analytical Columns
TradingView allows you to add additional columns to the screener for a more detailed analysis. These columns can include key financial data such as expense ratios, fund flows, and holdings analysis. The ability to customize the view makes it easier to focus on the metrics most important to your thematic investing strategy.
- Fund Flows: Track the inflow and outflow of funds to gauge investor sentiment.
- Holdings Analysis: Analyze the underlying assets of each ETF, such as the top stocks or regions the fund invests in.
- Historical Performance: View past performance metrics to identify consistently strong performers.
- Image Suggestion: Display a screenshot of an ETF’s detailed view with analytical columns added, showcasing how the data appears after customization.
Advanced Filtering Options for Thematic ETFs
3. Sector and Asset Class Filters
Once you’ve selected the ETF category, use filters specific to sector focus. This is especially helpful for Thematic ETFs, as these funds typically concentrate on a particular industry or theme. You can filter ETFs that focus on sectors like:
- Technology: ETFs focused on emerging technologies such as AI or 5G.
- Clean Energy: Funds that invest in renewable energy companies.
- Healthcare: ETFs targeting biotech, pharmaceutical, or healthcare innovation.
Performance Metrics
Use TradingView’s advanced filtering options to screen Thematic ETFs based on performance metrics. This can include historical performance over specific time periods, total returns, or risk-adjusted returns. Evaluating past performance helps in identifying ETFs that align with long-term growth goals.
Holdings Composition
In addition to broad financial metrics, it’s crucial to examine the holdings within each ETF. TradingView ETF Screener allows you to analyze an ETF’s holdings by providing detailed information about the companies or assets the fund invests in. This analysis includes:
- Top Holdings: The percentage of the portfolio invested in the top assets.
- Geographical Exposure: Whether the fund is diversified across regions or focused on a particular country.
- Sector Exposure: Understand if the fund is overweight in specific industries like technology or financials.
Also Read: Some of the Best Indicators on Tradingview
Monitoring and Rebalancing
Even though thematic ETFs are often used for passive investing, it’s important to periodically review and rebalance your portfolio to ensure it stays aligned with your investment objectives. TradingView’s ETF Screener enables ongoing monitoring by allowing you to set alerts for specific metrics such as performance drops, changes in fund flows, or shifts in top holdings.
Regularly monitoring the performance of your Thematic ETFs can help ensure that your portfolio remains well-diversified and continues to meet your long-term objectives.
Benefits of Using TradingView for Thematic ETFs
Here are the some Benefits of Using TradingView for Thematic ETFs:
- Comprehensive Data Access
TradingView’s ETF Screener provides access to both fundamental and technical data, allowing investors to analyze a wide range of financial metrics. The platform offers a user-friendly interface that lets you quickly filter and compare ETFs across various themes.
- Ease of Customization
The ability to customize filters, add columns, and modify timeframes makes TradingView an excellent tool for screening Thematic ETFs. Investors can tailor the screener to suit their specific strategies and goals, making it easier to identify ETFs that fit their criteria.
- Diverse Filtering Options
From sector filters to historical performance metrics, TradingView provides a wide range of filtering options that can help thematic investors fine-tune their search.
Also Read: How Can ETF Screener Help You Find Low-Cost ETFs?
Conclusion
TradingView’s ETF Screener is a powerful tool for investors looking to screen Thematic ETFs. With its customizable filters, advanced analytical columns, and wide range of performance metrics, it enables passive investors to build portfolios aligned with specific themes and investment goals. Regular monitoring and adjustment, combined with TradingView’s in-depth data, ensure that your thematic investments continue to perform well over time.
Disclaimer
The information provided in this article is for educational and informational purposes only. It does not constitute financial, investment, or professional advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. TradingView’s ETF Screener features and capabilities are subject to change, and the availability or accuracy of the information may vary. The author and publisher do not accept any liability for any loss or damage arising from the use of this information.
