Data as of Nov 4, 2026.
ACES vs FAN: Holdings Overlap & Returns
Over the year to Nov 4, 2026, ACES returned −16.6% to FAN's +15.1%; 4% of their weight is in the same names.
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Net assets: $109m on Aug 31, 2026 for ALPS Clean Energy ETF, and $190m on Nov 3, 2026 for First Trust Global Wind Energy ETF.
17% of ACES's weight is in S&P 500 companies and 83% is outside the index. Holdings as of Aug 31, 2026.
7% of FAN's weight is in S&P 500 companies and 93% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
ACES costs 0.05 points a year less; their one-year returns differ by 31.7 points.
Points (pts) are percentage points.
| Measure | ACES | FAN |
|---|---|---|
| Return | ||
| Total return, 1 year | −16.6% | +15.1% |
| Drawdown | ||
| Below its all-time high | 70.7%, high on Feb 9, 2021 | 14.9%, high on May 6, 2026 |
| Against its benchmark | ||
| What it tracks | Clean energy | Clean energy |
| Its benchmark, total return, 1 year | +14.8% | |
| Cost and size | ||
| Expense ratio | 0.55% | 0.60% |
| Net assets, ACES as of Aug 31, 2026 and FAN as of Nov 3, 2026 | $109m | $190m |
| Holdings | ||
| Holdings in common | 4% | |
Risk and return
Jul 6, 2018 to Oct 30, 2026 · 434 weekly returnsFrom Jul 2018 to Oct 2026, FAN returned more: +93.8% to +9.9%. FAN swung less: 22.0% to 35.2%. FAN fell less at its worst: −46.2% to −77.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ACES | FAN | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +9.9% | +93.8% | FAN | Price change plus distributions, reinvested. |
| Annualized | +1.1% | +8.2% | FAN | Total return as a yearly rate. |
| Price return | +1.0% | +69.6% | FAN | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 35.2% | 22.0% | FAN | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 24.5% | 15.3% | FAN | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −77.3% | −46.2% | FAN | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.13 | 0.34 | FAN | Return above Treasury bills per unit of volatility. |
| Sortino | 0.19 | 0.49 | FAN | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.01 | 0.18 | FAN | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 434 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ACES and FAN hold 4% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
4% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | ACES | FAN | ACES | FAN |
| 3 months | −10.8% | −1.5% | not measured | −1.2 pts vs IWV |
| 6 months | −22.6% | −14.9% | not measured | −19.8 pts vs IWV |
| 1 year | −16.6% | +15.1% | not measured | +0.3 pts vs IWV |
| 3 years | −10.6% | +66.8% | not measured | −14.2 pts vs IWV |
| Since launchNot the same days: ACES Jun 2018 · FAN Jun 2008 | +20.8% | +12.2% | not measured | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
4% of the two portfolios are the same securities at the same weight.
Client brief:
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ACES
By weight, 17% of ACES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 57% of the fund across 36 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −16.6% with distributions reinvested. It sits 70.7% below its all-time high of Feb 9, 2021.
Over the year to Nov 4, 2026 the fund returned +15.1% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was about even.
By weight, 7% of FAN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 55% of the fund across 45 positions, as published by its issuer for Nov 3, 2026. It sits 14.9% below its all-time high of May 6, 2026.
Questions people ask
- Do ACES and FAN hold the same stocks?
- By their latest filings, 4% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, ACES against FAN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aces-vs-fan
ETFIQ. (Nov 4, 2026). ACES against FAN. Retrieved from https://etfiq.com/compare/themes/aces-vs-fan
[ACES against FAN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/aces-vs-fan)
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