Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
ICLN vs QQQ
iShares Global Clean Energy ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, ICLN and QQQ hold 0% of their money in the same securities at the same weight.
| Only in ICLN | Only in QQQ |
|---|---|
| BLOOM ENERGY CORPORATION 13.79% | NVIDIA Corp. 8.16% |
| NEXTPOWER INC. 7.31% | Apple Inc. 7.29% |
| FIRST SOLAR, INC. 7.18% | Microsoft Corp. 5.32% |
| China Yangtze Power Co., Ltd. 5.92% | Micron Technology, Inc. 4.80% |
| VESTAS WIND SYSTEMS A/S 3.38% | Amazon.com, Inc. 4.62% |
| PLUG POWER INC. 3.29% | Advanced Micro Devices, Inc. 3.70% |
| ENPHASE ENERGY, INC. 3.26% | Alphabet Inc. 3.52% |
| EQUATORIAL S.A. 2.90% | Tesla, Inc. 3.46% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Apr 30, 2026 and May 31, 2026.
| ICLN iShares Global Clean Energy ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Themes desk | Core fund |
| Issuer | iShares | Invesco |
| What it is | Clean energy | Nasdaq-100, book from QQQM |
| Total return, 1 year | +25.3% | +25.6% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | +5.3 pts | +5.6 pts |
| Expense ratio | 0.38% | 0.18% |
| Already in the S&P 500 | 7.2% | 96.7% |
| Holdings | 122 | 101 |
ICLN in plain words
By weight, 7% of ICLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 52% of the fund across 122 positions, as filed for Apr 30, 2026. Over the year to Sep 4, 2026 the fund returned +25.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 5.3 pts. It sits 42.8% below its all-time high of Jan 7, 2021.
QQQ in plain words
QQQ is a index equity fund tracking Nasdaq-100, book from QQQM. Over the year to Sep 4, 2026 it returned +25.6% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 3.5% below its high of Jun 2, 2026 on Sep 4, 2026.
Questions people ask
- Which returned more over the last year, ICLN or QQQ?
- In the year to Sep 4, 2026, with distributions reinvested, ICLN returned +25.3% and QQQ returned +25.6%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ICLN or QQQ?
- ICLN charges 0.38% a year and QQQ charges 0.18%, so QQQ is cheaper. Fees come from each fund's prospectus.
- How much do ICLN and QQQ overlap with the S&P 500?
- By their latest filed holdings, 7% of ICLN and 97% of QQQ by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
- Are ICLN and QQQ the same kind of fund?
- No. ICLN is a thematic ETF and QQQ is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ICLN against QQQ, data as of Sep 4, 2026. https://etfiq.com/compare/any/ICLN-QQQ.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources