Data as of . Every figure is the themes desk's own, on published data.
ICLN vs SMH
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ICLN and SMH hold 0% of their money in the same securities at the same weight.
| Only in ICLN | Only in SMH |
|---|---|
| BLOOM ENERGY CORPORATION 13.79% | NVIDIA Corp 17.56% |
| NEXTPOWER INC. 7.31% | Taiwan Semiconductor Manufacturing Co Lt 9.29% |
| FIRST SOLAR, INC. 7.18% | Applied Materials Inc 5.74% |
| China Yangtze Power Co., Ltd. 5.92% | Micron Technology Inc 5.68% |
| VESTAS WIND SYSTEMS A/S 3.38% | Advanced Micro Devices Inc 5.63% |
| PLUG POWER INC. 3.29% | KLA Corp 5.58% |
| ENPHASE ENERGY, INC. 3.26% | Lam Research Corp 5.32% |
| EQUATORIAL S.A. 2.90% | Broadcom Inc 5.28% |
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 Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ICLN | SMH | ICLN | SMH | ICLN | SMH | |
| 3 months | −16.4% | −0.5% | −21.1 pts | −5.2 pts | −18.5 pts | −2.5 pts |
| 6 months | +2.2% | +49.0% | −12.9 pts | +33.8 pts | −17.9 pts | +28.8 pts |
| 1 year | +25.3% | +96.2% | +5.3 pts | +76.3 pts | −0.3 pts | +70.6 pts |
| 3 years | +17.5% | +267.0% | −60.4 pts | +189.0 pts | −75.9 pts | +173.5 pts |
| Since launch | +10.6% | +5013.0% | −800.8 pts | +4201.6 pts | −1673.5 pts | +3328.9 pts |
| ICLN iShares Global Clean Energy ETF | SMH VanEck Semiconductor ETF | |
|---|---|---|
| Issuer | iShares | VanEck |
| Theme | Clean energy | Semiconductors |
| In the S&P 500 | 7.2% | 82.0% |
| Active share vs the S&P 500 | 100.0% | 80.6% |
| In the Nasdaq-100 | 0.0% | 85.9% |
| Holdings | 122 | 25 |
| Top ten, share of the fund | 51.8% | 70.3% |
| Expense ratio | 0.38% | 0.35% |
| Fee for the differing part | 0.38% | 0.43% |
| Total return, 1 year | +25.3% | +96.2% |
| vs the S&P 500 | +5.3 pts | +76.3 pts |
| vs the Nasdaq-100 | −0.3 pts | +70.6 pts |
| Below its high | −42.8% | −15.2% |
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.
SMH in plain words
By weight, 82% of SMH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 70% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +96.2% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 76.3 pts. It sits 15.2% below its all-time high of Jun 22, 2026.
Questions people ask
- Do ICLN and SMH hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ICLN or SMH?
- ICLN has 7% of its weight in S&P 500 names and SMH has 82%, so ICLN differs more from the index.
- Which is cheaper, ICLN or SMH?
- ICLN charges 0.38% a year and SMH charges 0.35%, so SMH is cheaper. Fees come from each fund's prospectus.
Other comparisons
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 SMH, data as of Sep 4, 2026. https://etfiq.com/compare/themes/ICLN-SMH.html Free to use with attribution; the underlying files are at Open data.