Global X Wind Energy ETF

Global X Wind Energy ETF (WNDY), run by Mirae Asset Global Investments, tracks the Solactive Wind Energy Index and holds about two dozen wind-energy companies, led by Ørsted, Vestas and Northland Power. Its yearly fee of 0.51% is below the 0.59% average of similar funds. But it is tiny, with about $1.5 million in assets as of May 31, 2025, and it fell about 51% in the five years to October 27, 2026.

• Over the year to Oct 27, 2026, WNDY returned 0.0%, 2nd of 6 among similar funds.
• Its 5-year annualized return was -13.4%.
• Its worst full calendar year was 2022 (-22.9%); its best was 2025 (+17.2%).
• The deepest fall in its price history was 62.8% (Oct 28, 2021 to Feb 3, 2025), not yet recovered.

As of May 31, 2025, the fund held 23 securities; the ten largest made up 71% of assets.

• Over the three months to May 31, 2025, investors withdrew a net $287K (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +6.86%, +1.02%, +0.56%.

WNDY is an index fund: rather than picking stocks, it tracks the Solactive Wind Energy Index. Solactive uses natural language processing, software that reads filings and earnings-call transcripts, to rank firms by their ties to wind energy. It then checks that each earns at least 50% of revenue from wind, such as making turbines and parts, generating wind power, or installing and servicing wind equipment. Companies need a market value of at least $200 million (as of January 31, 2025) and must pass a quarterly UN Global Compact screen on labor, human rights, the environment and corruption.

Weights follow market value, with caps. When the index is rebuilt twice a year, no company may exceed 12%, companies at 4.5% or more may total no more than 45%, and the rest are held to 4.5% each, with a 0.3% floor. Weights drift in between: Ørsted made up 13.0% as of May 31, 2025. Companies with no revenue yet can join only if fewer than 25 qualify, capped at 2% each and 10% together.

It can own China A-shares, traded on mainland Chinese exchanges. As of May 31, 2025, about 25% of assets were in China and 9% in Hong Kong. It may lend out stocks worth up to a third of its assets and uses no leverage or options.

• WNDY charges 0.51% a year, versus an average of 0.59% for the similar funds below (2nd of 6, cheapest first).
• Of that, 0.5% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $52 in the first year and $640 over 10 years (assuming a 5% annual return).

It is a narrow, single-industry fund that lost 62.8% from its October 2021 peak and had not recovered as of October 27, 2026.

WNDY could add focused wind-power exposure, but its history shows deep, lasting losses. Launched in 2021, it has no record in the 2008 or 2020 crashes. It fell 32.8% in the 2022 bear market and lost 22% to 23% in each of 2022, 2023 and 2024 before gaining 17.2% in 2025. Its deepest drop, 62.8% from October 2021 to February 2025, was still unrecovered as of October 27, 2026. Selling in those years would have locked in steep losses.

It paid no distributions in the 12 months to October 27, 2026. Its 0.51% annual fee, or $52 in year one on $10,000 under the SEC's standard example, is below the 0.59% peer average. Its tiny size, about $1.5 million as of May 31, 2025, raises the risk of a shutdown. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).