Skip to content
etf.net

Launched

Horizon Kinetics Energy Remediation ETF

NVIRNYSE ArcaD

$40.000.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

D26/ 100

Rank 24 of 25 in Energy (Broad)

D26/100Rank 24 of 25inEnergy (Broad)
Intraday session: flat, 1 prints from 40.00 to 40.00. Range 40.00 to 40.00. Use the arrow keys to read each point.39.5040.5041.0010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$5M
1Y total return
+29.1%
Yield · Last 12 months
0.75%
Holdings
41
Avg volume · 30D
0M sh
NAV per share
$39.97
52W range
low $31.50high $41.31
Launched

The ETF.net NVIR Grade

Based on 5 of 6 pillars

D

Score 26 out of 100

Category
Energy (Broad)⁠
Rank
24 of 25
Six-pillar profile for NVIR. Scores out of 100: Cost 8, Risk 51, Mission not scored, Tradability 7, Holdings 75, Durability 16. Strongest: Holdings (75). Weakest: Tradability (7). Based on 5 of 6 pillars.

Score 26 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
26
This cap took
−0
Published Score
26 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F8 out of 100
    Rank 22 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C51 out of 100
    Rank 13 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F7 out of 100
    Rank 25 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A75 out of 100
    Rank 5 of 25

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F16 out of 100
    Rank 24 of 25

Our read on NVIR

ETF.net Research

DMost energy ETFs buy the oil patch by index weight. NVIR is Horizon Kinetics hand-picking roughly 40 companies across the US, Canada and Australia that it expects to benefit as attention turns to cleaner carbon-based energy production.

Stated mandate

The Fund seeks long-term capital growth. It is actively managed and invests primarily in companies expected to benefit from increasing attention to climate and environmentally sensitive carbon-based energy production.

Why people hold it

  1. 01Actively managed with a value-driven, bottom-up process. Nobody is tracking a benchmark here; the portfolio is a stock-by-stock set of picks, roughly 40 names deep.
  2. 02A slice of energy that broad sector funds blend away: companies positioned to gain as climate and environmental pressure reshapes how carbon-based energy gets produced.
  3. 03The mandate reaches past the US into Canada and Australia, two resource-heavy markets, rather than fishing only in the domestic energy pond.

Worth knowing

  1. 01You pay 0.85% for the stock-picking. Index-tracking energy peers run far cheaper, with XES at 0.35% and MLPX at 0.45%.
  2. 02Small fund, light trading. Spreads can be wider than on the big sector ETFs, so the price you get depends on how you place the order.
  3. 03Launched in 2023, with roughly 40 holdings and distributions once or twice a year. Short track record, concentrated portfolio, no monthly income rhythm.

NVIR Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
41
Top-10 weight
48%
Largest holding
CEU.TO6.7%

Geography

  • United States76.82%
  • Canada22.15%
  • United Kingdom1.03%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CEU.TOCES Energy Solutions Corp6.67%24,705$330K39
002PBTPermian Basin Royalty Trust5.46%7,760$271K5
003WMBWilliams Cos Inc/The5.36%3,655$266K358
004SUSuncor Energy Inc5.05%3,465$250K45
005TPLTexas Pacific Land Corp5.03%690$249K245
006WBIWaterBridge Infrastructure LLC4.54%7,500$225K26
007LNGCheniere Energy Inc4.41%785$218K274
008EFXTEnerflex Ltd4.04%8,325$200K11
009EQTEQT Corp3.95%3,705$196K308
010PSK.TOPrairieSky Royalty Ltd3.33%6,955$165K32
011WTTRSelect Water Solutions Inc3.32%8,334$165K102
012XOMExxonMobil Holdings Corp3.30%969$164K511
013FANGDiamondback Energy Inc3.30%850$163K353
014COPConocoPhillips2.98%1,100$148K433
015EOGEOG Resources Inc2.90%970$144K395

Showing 1–15 of 41 holdings

NVIR Performance

Launched Feb 21, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
NVIR$12,913
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. NVIR $12,913. SPY $12,044. Use the arrow keys to read each point.$9,483$11,531$13,580Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NVIR. Periods over one year show the average yearly return.
PeriodNVIR
Year to date+22.4%
1 month−1.5%
3 months+4.4%
1 year+29.1%
3 yearsper year+15.6%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NVIR
YearReturn barNVIR
2026 YTD+22.4%
2025+9.9%
2024+17.5%
2023+6.9%

History from Feb 22, 2023

NVIR in the news

Filtered to NVIR · Energy (Broad)

NVIR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.75%Last 12 months
Payout per share
$0.30Last 12 months
Last payment
$0.30 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 27, 2023 $0.35; Dec 24, 2024 $0.45; Dec 23, 2025 $0.30. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.30
Dec 24, 2024Dec 26, 2024$0.45
Dec 27, 2023Dec 29, 2023$0.35

NVIR Risk

How much the fund’s monthly returns vary, scaled to a year.
14.8%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.60
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.5%
43 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.31
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NVIR Cost

Expense ratio0.85%
  • The middle half of Energy (Broad) funds
  • Median 0.46%

20 of the 24 Energy (Broad) funds charge less.

NVIR costs $85.00 a year on $10,000. The median Energy (Broad) fund costs $45.50.

Other funds in Energy (Broad)

See others